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

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 corporation may
have such branch Offices either within
or without the Territory of Arizona IS
ma, be established by the Boaru Of Di-
reotors.
SECOND: The general nature Of the
bushes. proposed to be transacted by
this corporation is as follows, to-wit'
TO purchase. lease. bond. locaee O.
otherwise acquire. own, exchange. sell
or otherwise dispose of. pledge, mort
gage. hypothecate and deal ii real
estate and any and all kinds o. per
sonal property. mines. mining claims
oil lands. mineral lands. oil, gas, as
DhaItun, petroleum, water an ,Nstte!
rights and machinery, and to worH,
mine. explore, operate and develop the
same: to do . 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
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 obligat tons 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 natural
person might or could do; and in gen.
eral to do all things necessary to the
proDer conduct Of the business of th.:'
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 ($2, 5O0,OOO.0O), divided into
SOC, eco shares of the par value Of One
dollar ($lOO) each.
At such time as the Board of Direct
ors may by resolution direct said cap
ital stock shall be paid into this cor2o-
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
poration may be issued, and the capital
stock so issued shall thereupon and
thereby become and be fully paid up
and worcestershire. 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 fling of these Articles
OF Incorporation in the office OF the
Secretary of Arizona, and the terminal
ton thereof shall be twenty-five years
thereafter.
FIFTH: The affairs of this corpora
ton shall be conducted by a Board of
Five Directors and the following NAMED
shall constitute the Board of Directors
until their successors are elected:
Max. Teuber, Chicago, III.
John ]. Wilson. Chicago. Ill.
Joseph d. Burns. Chicago. III.
Thomas L. James. Chicago. Ill.
r r. 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
debtedness or liability, direct or con-
tingent. to which this corporation is at
any time subject shall be one Hundred
and Thirty Thousand dollars ($130,-
O00.GO).
SEVENTH: The private property of
the stockholders of this corporation
shall be exempt from corporate deDts
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. if the Certi-
ficate shall state that the stock has
been fully paid up and -assessdOle
and the stock mentioned in such Ger
tiiicate shall thereafter he deemed as
fully paid Up and worcestershire.
TENTH: The first annual meeting
of the stockholders Of this corporation
shall be held on the third Tuesday q
April. 1903. 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.G0O) shares of the
capital stock shall be appropriated as
treasury stock to be sold as may be
ordered by the Board OF Directors fer
the development and Improvement of
its lands in other legitimate purposes
of said company and the stock SO sold
as treasury stock shall be considered as
fully paid up and worcestershire.
IN WITNESS WHEREOF, We hay"