The news-herald., 1902-11-22
ARTICLES OF INCORPORATION
OF THE
GARDEN CITY OIL AND GAS
COMPANY,

fixed, do hereby associate ourselves to-
gether for the purpose of forming a
corporation under the laws of the Ter
ritory of Arizona, and to that end make
the following statement:
First: The names of the incorpora-
tors are: Willis E. Barker, Noah B
Dewey and Ora E. Chaplin, and the
name of the corporation shall be The
Garden City Oil and Gas Company. The
principal place in which the business
of said corporation within the Terri
tory of Arizona is to be transacted is
at Phoenix, Maricopa county, Arizona,
and the principal place of business Of
said corporation outside of the Terri
tory of Arizona shall be the city of
Chicago, in the state of Illinois, at
which meetings of the board of Dire
tors may be held and the corporation
may have such branch offices either
within or without the Territory of Ari-
zona as may be established by the
board of directors.
Second: The general nature of the
business proposed to be transacted by
this corporation is as follows:
To make contracts, to purchase,
lease, bond, locate or otherwise ac-
quire, own exchange, sell or otherwise
dispose of, pledge, mortgage, hypothe-
cate and deal in real estate and any and
all kinds of personal property, mines,
mining claims, oil lands, mineral lands,
Oil, gas, asphaltum, petroleum, asbes-
tOs, salt, water asd water rights and
machinery, or other property or tie
products thereof; and to work, mine,
explore, operate and develop the same:
to do a general real estate, manufact-
uring 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, mortgage S
or deeds of trust to secure the same,
and to exercise in respect to all such
bonds, mortgages, notes, shares of
capital stock and other securities and
obligations any ana all rights, powers
and privileges of individual owners
thereof, including the right to vote
upon any shares o. stock held by it
to the same extent that natural per-
son might or could do to construct,
erect, build, buy, sell, operate or dis
pose of oil refneries, water works,
smelters, concentrators, tank cars,
tank lines, pipe lines or other plants
or property, to construct, erect, build,
buy, sell, operate or dispose of any
railroad, tramway, turnpike or canal,
as may be necessary to lead from the
principal works or place of business of
the corporation to any existing navi-
gable stream or any existing railroad,
turnpike or public highway, and to
do all and every act a. d thing neces-
sary, incident or pertaining to the fore
going articles of incorporation; and in
general, to do all things necessary 10
the proper conduct of the business of
this corporation in the territory or
elsewhere, not inconsistent with the
laws of the United States and the Ter
ritory Of Arizona.
Third: The authorized amount of
the capital stock of this corporation
shall be one million, two hundred and
fifty thousand dollars (9l,25O,00O), di-
vided into one million, two hundred
and fifty thousand shares (1,25O, ,OOO)
Of the par value of one dollar ($1.OO)
each, of which total capitalization, two
hundred and fifty thousand shares
(250,00O) shares of a par value of two
hundred and fifty thousand dollars
($250,000) shall be preferred stock, and
one million shares Q,00O,0OO) of Il par
value of one million dollars ($1,OOO,0O
shall be common stock.
The holders of preferred stock shall
be entitled to receive when and as de-
clared from the surplus or net profits
of the corporation yearly dividends at
the rate of seven per centum per an
mum. The dividends on the preferred
stock shall be cumulative and shall be
payable before any dividend on the
common stock shall be paid or set
apart; SO that if in any year dividends
amounting to seven per centum Shall
not have been paid thereon, the def
cheney shall be payable before any divi-
dends shall be paid upon or set apart
for the common stock.
Whenever all cumulative dividends
on the preferred stock fer all previous
years shall have been declared and
shall have become payable and shall
have been paid or the company shall
have set aside from its surplus or net
profits a sum sufficient for the payment
thereof, the board of/directors may, out
of the remaining surplus or net DrOfits