Arizona republican., 1902-05-04
THE HOLMES OIL COMPANY.

ritory of Arizona is to be transacted is
Phoenix, Maricopa County, Arizona.
and the principal place of business cf
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 corpora ton may
have such branch offices either within
or without the Territory OF Arizona as
may be established by the Boaru Of l)i-
rectoTs.
SECOND: The general nature OF the
business proposed To be transs;. .ad by
this corporation is as follows. tO-Wit:
To purchase. lease, bond. loca1e or
otherwise acquire. own, exchange, sell
or otherwise dispose Of. pledge, mort
gage, hypothecate and Zeal il 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 uN;;ter
rights and machinery, and to work,
mine, explore, operate and develop the
same; to do q 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 borrnW
money and execute notes. bonds, mort
cages, or deeds of trust to secure the
same and to exercise in respect OF al
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 THIS
corporation in the Territory and else
where, not inconsistent With the laws
of the United States and the Territory
of Arizona.
THIRD: The authorized amount Of
capital stock of this corporation shall
be Two Million Five Hundred Thou
sand dollars ($2, 500,0 100000, divided into
2,5Go, 900 shares of the par value of One
dollar (S100) 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 OF by the sale md
transfer to il 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
poration may be issued, and the capital
stock so issued shall thereupon and
thereby become and be fully paid ~
and non assessable, and in the absence
of actual fraud in the transaction the
Judgment of the Directors as TIC the
value of the property purchased shall
be conclusive.
I-nI-Io-rEJ. III, Of com
mencement of this corporation 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 Board of
Five Directors and the following named
shall constitute the Board of Directors
until their successors are elected:
Max. Teuber, Chicago, Ill.
John ]. Wilson, Chicago, III.
Joseph d. Burns, Chicago, III.
Thomas L. James, Chicago, Ill.
T. K. Holmes, Chicago, ILL.,
Thereafter the Board of Directors
shall be elected from among the stock
holders as the Bylaws OF the corpora
ton may provide.
SIXTH: The highest amount of in
debtedress or liability. direct or con
tingent. 10 which this corporation is at
any time subject shall be One Hundred
and Thirty Thousand dollars ($130-
100000.
SEVENTH: The private property of
the stockholders of this corporation
shall be exempt from corporate de0ts
of any kind whatsoever.
EIGHTH: To receive, acquire, pur-
chase. hold. transfer and to reissue its
own capital stock and to acquire. as
sign and sell the capital stock of other
corporations.
NINTH: To contract for the sale of
any of its capital stock for less than
par value in that event. il the certi-
fcate shall state that the stock has
been fully paid up and non assessdb ole
and the stock mentioned in such cer-
tifcate shall thereafter be deemed rs
fully paid up and -assessable.
TENTH: The first annual meeting
OF the stockholders of this corporation
shall be held on the third Tuesday q
April, 1868, and regular annual meet
ings shall be held thereafter on the
third Tuesday OF April of each year.
ELEVENTH: One Million One Hun
dred Thousand G.100. COO shares of The
capital stock shall be appropriated as
treasury stock to be sold as may he
ordered by the Board of Directors for
the development and Improvement Of
its lands in other legitimate purposes
of said company and the stock 50 sold
as treasury stock shall he considered as