Arizona republican., 1902-05-24
ARTICLES OF INCORPORATION
 OF THE "DONESTIC OIL BURNER COM
 PANY.'

PANY.' KNOW ALL MEN BY THEsE PRESENTS. That we. whose hands are hereunto affixed, do hereby ass0ci- ate ourselves together for the purpose of forming a corporation under the laws oi the Territory of ArlZona, Ahd to that end make the following state ment:
 First: The names of the corporato"s are: Loephus T. Scherer Peter S. Hairston and Edgar r. Ward and the name of the corporation shall be i'o- mestic Oil Burner Company lhe principal place in which the business of said corporation. within the Te:1l- tory of Arizona, is to be transacted is Phoenix, MaricOpa County, AriZoha' and the principal place of business nt said corpora ton outside of the Iertl- tory of Arizona shall be the City of St. Louis in the State of Missouri, "t which place meetings of the Board Of Directors and of the stockholders of the corporation may be held. and the corporation may have such branch ot- fees either within or without the Ter ritory of Arizona as may be estab-
 
 Second: The general nature of the business proposed to be transacted by this corporation is as follows, to-wit:
 To purchase or acquire the letters patent of the United States of America granted to Loephus T. Scherer and Howard C. Jones, dated Aug. 30th. 1898, and numbered 6O9s3S covering the manufacture of Hydrocarbon Burners; | oft-o1 lot t. ent and inventions and shares of cap ital stock of other corporations; to purchase, lease, bond, locate or other wise acquire, own, exchange, sell CT otherwise dispose of, pledge. mortgage, hypothecate and deal in real estate and any and all kinds of property whether real. personal or mixed. to do gen. eral real estate, manufa curing and mercantile business; to borrow money and execute notes, bonds, mortgages or deeds of trust to secure the same. and to exercise in respect of all such bonds. mortgages, notes, shares 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 10 
 might or could do; and in general to do all things necessary to the proper conduct of the business of this cor poration in the Territory and else where: not inconsistent with the laws of the United States of America or of the Territory of Arizona.
 Third: The authorized amount of capital stock of this corporation shall | I,a nd T0pI ($1Oo, ,O00) divided into One Hundred i Thousand shares of the par value of One Dollar Cs1.O0) each. At such time as the Board of Directors may by reso- lution direct, said capital stock shall be paid into this corporation either in cash or by the sale and transfer to it of real or personal property for the uses and purposes of said corporation. or by valuable services rendered to said corporation, in payment for which shares of the capital stock of sai'i corporation may be issued and the cap l ital stock so issued shall thereupOn and thereby become and be fully paid mp and non-assessable and in the absence Oi actual fraud in the transaction the judgment of the Directors us to the value of the property purchased and services rendered shall be conclusive. | Fourth: The time of the commence ment of this corporation shall De the date of the filing of these articles of in- corporation in the office of the Secre- tary of Arizona. and the termination thereof shall be Twenty-Five years thereafter.
 Fifth: The affairs of this corpora ton shall be conducted by a board Of seven directors and the following named shall constitute the Board ci Directors until their successors are elected: l.. T. Scherer. Peter s. Hairs ton, F. P. Ward, T. P. Thue. C. c. Will liam. F. A. Daemner and W. s. Bird song. Thereafter the Board of Direc- tors shall be elected from among the stockholders as the bylaws of the cor poration may provide.
 Sixth: The highest amount of iD- debtedness or liability. direct or con- tingent, to which this corporation is at any time subject shall be Sixty Thousand Dollars ($60.O0O).
 Seventh: The private property ot the stockholders of this corporation shall be exempt from corporate debts of any kind whatsoever.
 IN WITNESS WHEREOF, We have hereunto set our hands and seals this 12th day of May, 1902.
 LOEPHUS T. SCHERER.
 PETER s. HAIRSTON.
 EDGAR P. WARD.
 State of Missouri,
 City of St. Louis. ss.
 On this 12th day of May, in the yeal 1902. before ne. Marie F. Des Ruis- seaux. notary public. in and for the State and City aforesaid residing therein. duly commissioned and sworn personally appeared Loephus T. Scher- CT. Peter s. ffairSton. Edgar P. Ward known to me to be the persons dc- scribed in, whose names are subscribed to. and who executed the annexed ili- strument, and they acknowledged tC me that they executed the same for the purposes and Considera tions there in expressed.
 IN WITNESS WHEREOF. I have hereunto set my hand and affixed my official seal at my office in the said State and City, the day and year last above written.