Arizona republican., 1903-02-27

1 laws of the Territory or ArlZona, and to that end make the following state ment:
 FIRST: The names of the corpora tors are: Frank Butcher, H. C. Big ham. William Carnahan, S. F. Butcher. J. L. Greenwood, P. o. Butcher, and the name of the corporation shall be The Security Oil Company. The principal place in which the business of said cor poration within the Territory of Ari- zona is to be transacted is Phoenix, Maricopa County. AriZona and the principal place of business ot said cor poration outside the Territory of Ari- zona shah he the City Of Bartlesville. l in the State of Indian territory, at which meetings of the Board of Di- rectors may be held, and the corpora tion may have such branch offices either within or without the Territory l of Arizona 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-wit:
 To make contracts; to purchase, lease. bond. locate or otherwise acquire, own. exchange. sell, or otherwise dis pose of. pledge, mortgage. hypothecate and deal in real estate and any and all kinds Of personal property, mines, min 1 ing claims. oil lands. mineral lands, oil. gas. asphaltum, petroleum, asbes- tos. salt. water and water rights and 1 machinery. and to work, mine, explore, operate and develop the same: to do general real estate, manufacturing and mercantile business; to own. han dle and control letters patent and in ventions and shares of capital stock of other Corporatio to borrow money and execute notes, bonds. mortgages, or deeds of trust to secure the same, and to exercise in respect Of all such l bonds, mortgages, notes, shares of cap 1 ital stock and other securities and ob- legations 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 q natural person might or could do. anG in general to do 1 all things necessary to the proper con- duct of the business of this corpoTa- ton in the Territory and elsewhere not i inconsistent with the laws of the unit ed States and the Territory oi Arizona ! THIRD: The authorized amount of capital stock of this corporation shall be One Million Five Hundred Thou sand dollars (s1.500,000). divided into 1 One Million Five Hundred Thousand shares of the par value of One dol 1 lar ($1 00} each At such time as the Board of Directors may by resolution direct said capital stock shall be paid into this corporation either in cash CT | by the sale and transfer to it of real or personal property for the uses and purposes of said corpora tion, in pay ment for which shares of the capital lstock of said corporation may be issued and the capital stock SO issued shall thereupon and thereby become and be fully paid up and non assessable, and in the absence of actual fraud in the transac ction tEe judgment Of the Di- rectors 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 of these Articles of in corporation in the office of the secretary of Arizona, and the termina- tion thereof shall be twenty-five years thereafter.
 FIFTH: The affairs of this corpora ton shall be conducted by a board oi Nine Di1 ectors and the following named shall constitute the Beard ol Directors until their successors are elected: T. J. HeniSins. Frank Butcher H. C. Bigham. William Carnahan, s F Butcher. ]. L. Greenwood. P. c Buche-, R. E. Lee Jordan, Wallace x Price.
 Thereafter the Board of Directors shall be elected from among the stock holders as the bylaws Of the corpora ton may provide. The officers of saic corporation until their successors are cleo ted shall be:
 T. J. Henkins, President; J. L Greenwood. Vice President; F'ranl Buc!,er, Secretary: P. O. Butcher Treas urer.
 SIXTH: The highest amount of in debtedness or liability, direct or con- tingent, to which this corporation is a any time subject shall be One Hundred Thousand dollars ($10OO0D, whic} amount does not exceed two thirds tht amount of the capital stock.
 SEVENTH: The private property O the stockholders of this corporation shall be exempt from corporate de6t; of any kind whatsoever.
 IN WITNESS WHEREOF. We havt hereunto set our hands and seals thi: twenty first day of January, 1903.
 VIM. CAENAHAN. (Sea!
 II. C. BIGHAM. (Seal
 P. o. BUCHER. (Seal
 & r. BUCHER. (Seal
 FRANK BUCHER. (Seal
 J. l.. GREENWOOD (Seal Territory of Indian Territory.
 County O: Northern District ss.
 Or this 22nd day of Jany. in th' year 1863. before me F. D. Keller | Notary Public in and for the Distric and County aforesaid. residing therein duly commissioned and sworn. person ally appeared Wm. Carnahan, H. C Bigham. P O. Butcher. s. r. Butcher Frank Butcher and J. L. Greenwood known to me to be the persons de scribcd in, whose names are subscribed to. and who executed the annexed in strument and they acknowledged t' ne that they executed the same for th' purposes and considerations therein eX pressed.
 IN WITNESS WHEREOF. l hay, hercunto set my hand and affixed m, | ,,fIs1 ,i,