Arizona republican., 1902-05-01
THE HOLMES OIL COMPANY.

ritory of Arizona is to be transacted is Phoenix. Maricopa County, Arizona. and the principal place of business of said corporation outside the Territory of Arizona shall be the City of Chicago in the. State of Illinois. at which the meetings of the Board of Directors may be held. and the corporation may have such branch offices either within or without the Territory of Arizona as may be established by the Boaru Gf Di- rectorS.
 SECOND: The general nature Of the business proposed to be transa"t2d by this corporation is as follows, to-Wit,
 To purchase. lease. bond. locate CT otherwise acquire. own, exchange, sell or otherwise dispose of, pledge, mort gage hypothecate and deal in real estate and any and all kinds Of per sonal property. mines, mining claims. oil lands. mineral lands, oil, gas, as phaltum, petroleum, water an dNi;ter rights and machinery, and 10 WorN, mine. explore, operate and develop the same; to do a general real estate. man ufacturing and mercantile business; to own, handle and control letters patent and inventions and shares of capital stock of other corporations: to borrow money and execute notes. bonds, mort gages. or deeds of trust to secure the same, and to exercise in respect of all such bonds. mortgages, notes, share ; of capital stock and other securities and obligations any and all rights powers and privileges of individual owners thereof. including the right to vote upon any shares of stock held by it to the same extent that a natural person might or could do; and in gen eral to do all things necessary to the proper conduct of the business of th.s corporation in. the Territory and else where, not inconsistent with the laws of the United States and the Territory of Arizona.
 THIRD: Tie authorized amount of capital stock of this corporation shall be Two Million Five Hundred Thou sand dollars (s2, 300, ,000.0O, divided into ?, 300. 900 shares of the par value of One dollar (S1.0O) each.
 At such time as the Board of Direct ors may by resolution direct said cap ital stock shall be paid into this corpo- ration either in cash or by the sale md transfer to it of real or personal prop erty, for the uses and purposes of said corporation, in payment for which shares of the capital stock of said cor porat tion may be issued, and the capital stock so issued shall thereupon and thereby become and be fully paid dp and non-assessa ble, and in the absence of actual fraud in the transaction the judgment of the Directors as to the value of the property purchased shall | be conclusive.
 r-1,o conn, mencement of this corpora tion shall be the date of the filing of these Articles of Incorporation in the office of the Secretary Of Arizona, and the termina- ton thereof shall be twenty-five years thereafter.
 | FIFTH: The affairs of this corpora tion shall be conducted by q Board of Five Directors and the following named shall constitute the Board of Directors until their successors are elected:
 Max, Teuber, Chicago, III. l John J. Wilson, Chicago, III. l Joseph D. Burns, Chicago. III. 1 Thomas l.. James, Chicago. Ill. i F. k. Holmes, Chicago, III. i Thereafter the Board of Directors shall be elected from among the stock i holders as the Bylaws of the corpora i ton may provide
 i SIXTH: The highest amount of in debtedness- or liability. direct or con- tingent to which this corporation is al any time subject shall be One Hundred and Thirty Thousand dollars C$13O.- OOO.OO).
 SEVENTH: The private property o1 the stockholders of this corporation shall be exempt from corporate debt. of any kind whatsoever.
 EIGHTH: To receive, acquire. pur- chase. hold, transfer and to reissue it: own capital stock and to acquire. as sign and sell the capital stock of othel corporations.
 NINTH: To contract for the sale O any of it's capital stock for less thar par value in that event, if the certi ficate shall state that the stock ha. been fully paid up and non-assessab bl' and the stock mentioned in such cer tificate shall thereafter be deemed a fully paid up and non-assessable. | TENTH: The first annual meetin: of the stockholders of this corporation shall be held on the third Tuesday C April, 1903, and regular annual meet ings shall be held thereafter on tin third Tuesday of April of each year.
 ELEVENTH: One Million One Hun dred Thousand Q,1O0,0O0) shares of tn capital stock shall be appropriated q treasury stock to be sold as may b ordered by the Board of Directors fc the development and improvement 0 it's lands in other legitimate purpose of said company and the stock so sol, as treasury stock shall be considered a fully paid up and non-a -assessable.
 IN WITNESS WHEREOF, We hay hereuntO set our hands and seals thi eleventh day of April, 1902.
 MAX TEUBER. (Seal
 JOHN J. WILSON. (Seal
 JOSEPH D. BURNS. (Seal
 THOMAS L. JAMES. (Seal
 F. R. HOLMES. (Seal
 State of Illinois,
 County of Cook sS.
 On this eleventh day of April in tn year 1902 before me, Francis s. Russal
 a Notary Public in and for the Stat and County aforesaid, residing therai duly commissioned and sworn, person ally appeared Max Teuber, Joseph
 Burns, John J. Wilson, Thomas I
 James and F. R. Holmes, known to m