Arizona republican., 1902-02-22


 lands and real estate and mining claims, real and personal property. by location, purchase. bond or lease or the same and otherwise and the disposal of the same by sale. lease or bond or otherwise. ard to sell shares of the cap ital stock of this corporation. the de- Velopment Of lands and property by sinking wells and shafts and otherwise, and by driving of tunnels and drifts, and the erection of buildings. hoists | derriCks, Warehouses. factories. fur naces, refineries, engines. machinery power houses and mills, and other i structures necessary to the proper con- ! duct of the business Of this corpora tion. and acquiring and construction of | trans, tran-ways and other roads and ] pipes. pipelines, fumes. ditches. and { every other thing necessary to the proper conduct of the business Of this 1 corporation: to hold stock in other cor 1 poratiors; to appoint such subordinate l agents and officers as the business of ] this corporation may require; to hold | and own. manufacture and operate. l improve and develop lands. mining 1 claims. mineral rights, oil and gas wells. and other real and personal property and interests and rights in any of said properties; the buying and ! selling Of merchandise. oils. minerals
 metals. timber. lumber and agricul- turaI productions; to engage in and ! carry on the business of boring and eN- 1 piori2E for. producing. refining. distill- ! ing. treating, manufacturing, piping. ! carrying. handling. storing and dealing 1 in, buying and selling oils, petroleum, [ natrral gas. asphaltum. bitumen. bi- luminous rock. and other minerals, | hydro-carbon substances and products i of any and all such substances. and for ! such purposes to buy or otherwise ac- | quire, hold and own, manage and op- crate refineries. pipelines. tanks. tank manufactories. machinery, wharfs, l tanks and tank cars. and steam and sailing vessels Tor wAter transportation, and other works or appliances that may be incident or auxiliary to the 1 business. CT that may be deemed nee essary and convenient by the Board of | Directors; to operate, esta blish and | carry on agencies. offices. storage tanks and houses; to sell articles produced and products manufactured by this or ] other corporations, persons. firms in l Arizona Territory. or other states and ! territories of the United States oT ! America. and in foreign countries: the | production and generation of steam. ! electricity. gas and other agencies and means of lighting. heating and motive | power. and the using. selling. renting, leasing, bonding and otherwise Gispos- | ing Of the same; to do a general real estate and mercantile business: to own and control letters patent and irvea- tions: and the doing and performing of any and all other acts not inconsist- eat with the laws of the Territory of Arizona, made' and provided for the government Of corporations.
 H. The amount of the capital stock 1 Of this corporation shall be Two Mil lion ($c.O00.OcO dollars. divided into Two Million C2.CO0.ooO) shares or the par value of one CS1.CG) dollar each. each fully paid up and forever nou-assess- able; and that there shall be issued inn mediately after this incorporation Is formed and created. one CD share of the said capital stock of said corpora tion. to each of the individuals named above as i1corporat0rs of this com- pany: said stock so issued to these in- dividuals being fully paid up by them and each of them, and that said stock and that all stock to ie hereafter issued by this corporation and Directors and officers thereof. shall be non-aSseSsab ble for any purpose whatever; and that all of said stock shall be paid for immedi- ately when issued by this corporation and upon delivery to the purchasers
 
 body corporate shall be: To have per petual succession: to sue and be sued by it's corporate name: to have com mon seal and alter the same at pleas ure: to prescribe the mode O. making transfers of stock or interests of it's stockholders; to make contracts. to ac- quire and transfer property Of every kind and description. both real and per solal. and to possess the same powers lfr-F.Tr 1.4 now enjoy: to establish bylaws and make all rules and regulations deemed eXpedient for the management of its affairs. not inconsistent with the laws and constitution of the United States and the laws of the Territory of Ari- zona.
 " The time of the commencement Of this corporation shall be the date Of the filing of these Articles of incor- poratiun in the office of the Secretary of Arizona. and the termination thereof shall i~ twenty-five CO years there after.
 V. The aHairs of this. corporation shall be conducted in accordance with the bylaws established by the Board of Directors to be elected annually by the stockholders of this company. said annual election shall be held on the fourth Tuesday of August or each year: the present Board being elected as soon after the adoption of these Articles of Incorporation as a meeting or such stockholders can be convened, the pres cnt Board serving until the next annual election. or until their successors are qualified. No person is eligible to be a Director who is not stockhoider thereof, and any Director ceasing to be a stockholder the office at once becomes vacant and may be filled by the Board O. Directors at their next meeting.
 VI. The highest amount of indebted ness or liability direct or contingent to which this corporation is al any time 10 subject itself or may incur for any