Arizona republican., 1903-02-26

to that end make the IoilONlilS Sldte- neEt
 FIRST: The names of the corpora tors are: Frank Butcher, Ii. (. 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. Tie principal place in which the business or said cor poration within the Territory of Ari- zona is to be transacted is Phoenix, Maricopa County, Arizona, and the i principal place of business oi sald cor pcratf0n outeida the Territory of Ari- zona shall be the City of Rartlesville, i in the State of Indian Territory. at which meetings of the Board of Di- recto1s may be held. and the corpoia- ton may have such branch offices either within or without the Territory of Arizona Gs may be estaonshed 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 CT otherwise acquire, owr. 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 | ing claims. oil lands, mineral lands, oil. gas. asphaituT, petroleum. asbes- tos. salt: water and water rights and | machinery and u work, iCine. explore, operate and develop the same; to Go general real estate. manufacturing and mercantile business; to own han Gle and control letters patent and in veations and shares of capital stock of ether corporations; t. borrow money and execute notes. bonds, nortgaSes, 1 or deeds Of trust t) secure the same, and to exercise in respect of all such | bonds. mort Sages. notes. shares of cap ital stock and other securities and ob- ligati any and all rights. powers ana privileges of individual owners thereof including the right to vote upon any shares of stock held by 1t to the same extent that g natural person might or could do. anG in general to dc ali things necessary to the proper con | duct O. the business of this cJrpCr2- tfo, in the Territory and elsewhere not inconsistent with the laws of the Unit cd States and the Territory Q; Arizona.
 THIRD: The authorized amount of capital stoc3. of this corporation shall De One Million Five Hundred Thou sand dollars ($l,50G,GcG) divided into One Million Five Hundred Thousand shares of the par value of One dol lar ($l.oM each. 1t such time as the Board of Directors may by resolution direct said capital stock shall be paid into this Ccrpors tiOn either in cash CT by the sale and transfer to it of real or personal property for the uses and purposes Of said corporation. in pay mert fc. which shares Of the capital stock Of said corporation may be issued and the capital stock 50 issued shall ,hereuDon and thereby become and be fully paid up and nOn-assessabie, and in the absence Of actual fraud iH the tTansact ton tne judgment of t2e Di- rec tors as u the value of the rroperty purchased shall be conclusive.
 FOURTH: The time of the com mencement Of this corporation shall he the date of the fling of these Articles of il corporation in the office Gi the secrotary of Arizona, and the termira- tion thereos shall be twenty-five years; thereafter.
 FIFTH: The affairs of this ccrpo:a- ton shall ba conducted by board of Nine Directors and the following named shall constitute the Beard Of Directors until their successors ale elected T. T. HenSins, Frank Butcher. H. C. Bighar. William Carnahau. $. F. Bucher J. l.. Greenwood, P. D. i Ercher, E F. Iee Jordan. Wallace x. Price.
 Thereafter the Board of Directors shall be elected from among the stock holders as the bylaws of the corpora ti0n may provide The officers of said corporation until their successors are elected shaH be:
 T. J. Henkirs. President: l. L. Greenwood. Vice President; Frank Butcher. Secretary: P. o. Butcher Treas rrcr.
 SIXTH: The highest amount of in dobtedness or liability. direct or con tirscI.t to. which this corrora ten is at any ti!0e subject shall be One Hundred Thcusand dollars (sl00.c00). which amGunt does net cxceci twa-thirGs the amount of the capital stock.
 SEVENTH: The private property of the stockholders of this corpora ton shall be exempt from corporate Geots of any kind whatsoever.
 IN WITNESS WHEREOF. We have hcreunto set our hands and seals this twenty first day Of January, 1905.
 VIM. CHAIRMAN. (SeaD
 II. t. BICRAAG tSeaD
 P o. BJ-C'.Il,R. (S;eaD
 & r. BUGHE1R. (SeaD
 FRANK BCCHEH. (SeaD
 J. l.. GREENWOOD (SeaD Territory Of Indian Territory.
 County O. Northern District ss
 On this 22nd day of Jan'y. in the