Arizona republican., 1902-02-24
Maricopa County, Territory of Arizona

| ing by purchase, gift, demise or other wise. the ownership. possession and 1 right, title and interest of, in and to all 1 oil lands and mineral lands. and other lands and real estate and mining claims. real and personal property. by location. purchase. bond or lease of the | same and otherwise; and the disposal of the same by sale, lease or bond or otherwise. and to sell shares of the cap ital stock of this corporation, the de- 1 velopment of lands and property by | sinking wells and shafts and otherwise, and by driving of tunnels and drifts. and the erection of buildings. hoists. derricks, warehouses, factories. fur | naces, refineries. engines, machinery. power houses and mills. and other structures necessary to the proper con- | duct of the business of this corpora | ton. and acquiring and construction of | trans, tram-ways and other roads and pipes, pipelines. fumes, ditches. and every other thing necessary to the DT oper conduct of the business of this corporation: to hold stock in other cors porations; to appoint such subordinate agents and officers as the business of | this corporation may require; to hold and own. manufacture and operate. improve and develop lands mining claims. mineral rights, oil and gas
  property and interests and rights in any of said properties; the buying and selling of merchandise. oils. minerals. metals. timber, lumber and agricul- tural productions: to engage in and | carry on the business of boring and ex- pioring for. producing, refining, distill- ing. treating, manufacturing, piping. carrying. handling. storing and dealing in. buying and selling oils, petroleum natural gas. asphaltum. bitumen. bi- luminous rock, and other minerals, hydro-carLon substances and products of any ana all such substances, and for such purposes to buy or otherwise ac- quire. hold and own. manage and op- crate refneries, pipelines, tanks, tank inanufactories. machinery. wharfs. tanks and tank cars, and steam and sailing vessels for water transportation. and other works or appliances thar may be incident or auxiliary to the business. or that may be deemed nee essary and convenient by the Board of Directors: to operate, establish and carry on agencies. offices, storage tanks and houses; to sell articles produced and products manufactured by this or other corporations. persons. firms in Arizona Territory. or other states and territories of the United States of America, and Tn foreign countries; the production and generation of steam. electricity. gas and other agencies and means of lighting. heating and motive power. and the using. selling. renting. leasing. bonding and otherwise dispos ing of the same; to do a general real estate and mercantile business: to own1 and control letters patent and inven tions: and the doing and performing of any and all other acts not inconsist- ent with the laws of the Territory of Arizona. made and provided for the government of corporations.
 III. The amount of the capital stock of this corporation shall be Two Mill | lion (s2.00O. .O00) dollars, divided into | Two Million e. GOO. .O0O) shares of the par value or one (s1.OO) dollar each: each | fully paid up and forever non-assess- | able: and that there shall be issued inn | mediately after this incorporation is formed and created. one CD share of | the said capital stock of said corpora | ton. to each of the individuals named | above as incorporators of this com- | pany: said stock so issued to these in- | dividuals being fully paid up by them | and each of them. and that said stock | and that all stock to be hereafter issued | by this corporation and Directors and | officers thereof shall be non-assessable | for any purpose whatever; and that all |
 
 ately when issued by this corporation and upon delivery to the purchasers thereof. Among the powers of this body corporate shall be: To have per petual succession; to sue and be sued | by it's corporate name: to have com mon seal and alter the same at pleas ure: to prescribe the mode of making transfers of stock or interests of its stockholders; to make contracts; to ac- quire and transfer property of every kind and description. both real and per sonal. and to possess the same powers in such respects as private individuals now enjoy: to establish bylaws and make all rules and regulations deemed expedient for the management of it's affairs, not inconsistent with the laws and constitution of the United States and the laws Of the Territory of Ari- zona.
 ". The time of the commencement | of this corporation shall be the date of the filing of these Articles of Incor- poration in the office of the Secretary of Arizona and the termination thereof shall hc twenty-five (e5) years there after.
 V. The auairs of this corporation shall be conducted in accordance with the bylaws established by the Board of Directors to be elected annually by | the stockholders of this company. said 1 annual election shall be held on the fourth Tuesday of August Of each year; the present Board being elected as soon after the adoption of these Articles of | Incorporation as a meeting or such | stockholders can be convened, the pres ent Board serving until the next annual election, or until their successors are | qualified. No person is eligible to be a Director who is not a stockholder thereof and any Director ceasing to be a stockholder the office at once becomes | vacant and may be filled by the Board | of Directors at their next meeting.
 VI. The highest amount of indebted '