Arizona republican., 1902-06-29
ARTICLES OF ALTON
 OF THE THE BIG MOUND OIL COMPANY.

T. PRESENTS: That we. whose hands are hereunto affixed, do hereby asso- ciate ourselves together for the pur- pose of forming a corporation under the laws of the Territory or Arizona, and to that end make the following statement:
 FIRST: The names Of the corpora tors are: J. Y. Saum. W. \. Saum. J. B. Flynn. and the name of the corpoTa- tion shall be The Big Mound Oil Com pany. The principal place in which the business of said corporation within the Territory of Arizona is to be trans acted is Phoenix. Maricopa County. Arizona. and the principal place of business of said corporation outside the Territory of Arizona shall be the City of Des Moines. Polk County. i'll the State of iowa. at which meetings Of the Board oi 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 Board of Directors. SECOND: The object and purposes for which this corporation is formed and the powers which it shall exercise are the establishment and mainte- nance of an oil company with author ity to contract for the lease and pur- chase of the right tO prospect for. de- Vel0p. bore. mine. prepare for market and use natural gas, coal, petroleum. natural oil of any variety, sulphur and other minerals. and to the accomplish ment of said purposes to own and hold. | to lease. purchase and otherwise con tract for and procure such lands and premises as are necessary to carry on the business of said corporation: and to sell or lease the whole or any part thereof to other persons or corpora tionS: and also to erect. construct, build and own such buildings, derricks, reservoir tanks. pipe lines. cars and such other structures, appliances and conVeniences thereon and therein as are necessary in and about and for the development. use, preparation for mar ket and marketing, freightage or transportation of such product, and ! the maintenance and opera ton of the 1 business of this corporation; to pur- chase. lease and contract for and to l hold and own such lands, tenements. | easements, franchises and the rights i therein as may be required for such derricks. tanks, pipe lines, reservoirs l i fences of said business; to sell and to 1 hold and own natural gas, oil, petro- leum. coal. sulphur and other minerals, as well as the right to prospect for and develop the same. and to enjoy all l the powers. privileges and franchises granted to like corporations under the ! Constitution and laws of the Territory of Arizona.
 ! nf capital stock of this corporation shall be One Million Dollars (S1,OO0. .0o0.0D divided into One Million shares of the par value O. One Dollar ($1.OW each Al such time as the Board of Directors may by resolution direct, said capital stock shall be paid into this corpora tion either in cash OF by sale and transfer to it of real or personal prop erty fer the uses and purposes of said corpora tion. in payment for which shares of the capital stock of said cor ! pOration may be issued, and the capi- l tal stock so issued shall thereupon and 1 thereby become ana be fully paid up and non-assessable. 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.
 FOURTH: The time of the com mencement of this corporation shall be the date of the filing oi these Articles ot Incol po:ation in the office of the Secretary of Arizona. and the termina- ticn thereof shall be twenty-five years thereafter.
 FIFTH: The affairs Of this corpora ton shall be conducted by d Board of three Directors and the following named shall constitute the Board of i Directors until their successors are elected. J. Y. Saum. W. A. Saum, J. E. Flynn. Thereafter the Board of Directors shall be elected from among the stockholders as the bylaws of the corporation may provide.
 SIXTH: The highest amount of in- debtedness or liability, direct or con- tingent, to which this corporation is at any time subject shall be twenty five thousand dollars ($25 .0G0.00).
 SEVENTH: The private property of the stockholders oi this corporation shall be exempt from corporate debts of any kind whatsoever
 IN WITNESS WHEREOF, We have
 hereunto set our hands and seals this 17th day of June. 1902.
 J. B. FLYNN. (Seal'
 J. V. SAUM. (Seal
 w. A. SAJM. (Seal State of Iowa,
 County of Polk. ss.
 : On this 17th day of June. in the yea, 1902. before me. r. G. Lowenberg. { Notary Public in and for the State ant , County aforesaid. residing therein | duly commissioned and sworn. person 2 ally appeared J. V. Saum. w. A. Saun and J. B. Flynn, known to me to bt } the persons described in, whose name. are subscribed tc, and who executed the annexed instrument and they ac knowledgeI to me that they execute, the same for the purposes and cOnsid
 eratious therein expressed.
 ? IN WITNESS WHEREOF. 1 hav : hereunto set my hand and affixed m, 1 ] official seal. at my office in the Sail