Arizona republican., 1903-02-28

ment
 FIRST: The names of the corpora tors are: Frank Butcher, H. C. Big ham. William Carnahan. & r. Butcher, J. L. Greenwood. p. O. Bucher and the name of the corporation shall be The Security Oil Company. The principal place in which the business of said cor roration within the Territory of Ari- zCna is to be transacted is Phoenix, i Maricopa County, Arizona, and the principal place of business of sad cor poration outside the Territory of Ari- ZOna shall be the City of BartleSNille, 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 Of Arizona as may ce 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 ing claims. oil lands, mineral lands, oil, gas asphaltum, petroleum, asbes- tos. salt. water and water rights and l 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 corporations; to borrow money and execute notes, bonds. mortgages, or deeds of trust u secure the same, and to exercise in respect of all such bonds. mortgages, notes, shares of cap 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 a natural person might or could do and in general to do all things necessary to the proper con- duct Of the business of this corpora ton in the Territory and elsewhere not inconsistent with the laws of the Unit ed States and the Territory O. Arizona.
 THIRD: The authorized amount of capital stock of this corporation shall be One Million Five Hundred Thou sand dollars ($l,5G00 0G0). divided into One Million Five Hundred Thousand shares of the par value Of One dol 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 1t of real or personal property fo" the uses and purposes of said corporation. in pay ment for which shares Of the capital stock 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 transaction the judgment of the Di- rectors as to the value Of the property purchased shall be conclusive.
 FOURTH: The time of the com naencement 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 terrliEa- ton thereof shall be tweI,t five years thereafter.
 FIFTH: The affairs of this corpora ton shall be conducted by g board of Nine Directors and the following named shall constitute tte Board o: Directors until their successors are e!eo ted: T. J. Eenkins. Frank Butcher H. C. Bigham, William Carnahan, ;, F Butcher, !. L. Greenwood. F. O. Bucher F. F. 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 said corporation until their successors arc elected shall be:
 T. J. Henkirs, President; J. l. Greenwood, President; Frank Butcher, Secretary: p. O. Butcher Treas urer.
 SIXTH: The highest amount of in debtedness or liability, direct OF COZ tingent, to which this corporation is al any time subject shall be One Hundred Thousand dollars $109.o00), whicl arcant does not exceed two-thirds tn, amount of the capital stock.
 SEVENTH: The private property oi the stockholders of this corporal ttoT shall be exempt from corporate debts Of any kind wha tsoever.
 IN WITNESS WHEREOF. We hay; hcreunto set our hands and seals thi: : twenty-f first day of January. 1903. : WM. CARNAHAN. (Seal II. C. BIGHAM. (Seal P o. BCCHER. Seal , S. r. BUCHER. (SeGl FRANK BUCHER. (S5&l l J. l.. GREENWOOD (Seal : Territory e Indian Territory, ) County oi Nolt thern District. ss. On this 22nd day Of Jany, in th, year 1869. before fife, F. D. Keller, ;
 Notary Public in and for the Distric } and County aforesaid. residing therein duly commissioned and sworn, person. | ally appeared Vim. Ca"nahan. II. C Bigham F. O. Butcher. s. r. Butcher
 Frank Butcher and J. l.. Greenwood
 known to me to be the persons de scribeti in, whose names are subscribed
 to. and who executed the annexed in {, strumcnt. and they acknowledged tt
 ne that they executed the same for tn;
 purposes and considerations therein eN
 pressed.
 I IN WITNESS WHEREOF. I haV' y hcreurto set my hand ard affixed m, ? official seal at my office 1l the sai. State and County, the day and yea | last above written.