The news-herald., 1903-01-03
ARTICLES or INCORPORATION
OF THE
CHANDLER OIL COMPANY.

Know ALL MEN By THESE PRESENTS: ::
That we, the undersigned have this
day voluntarily associated ourselves to-
gether for the purpose Of forming a cor
poratiOn under the laws Of the Terrific
ry Of Arizona, and do hereby make, ex-
ecute and adopt the following Articles of
Incorporation
Article /. The name of said Corpora
ton shall be Chandler Oil Company.
and its principal place of transacting
business shall be at Phoenix, Maricopa
County, Arizona, with branch Offices at
Chicago, Illinois and at such other
places as may be determined by the
Board OF Directors, where regular and
special meetings Of the directors and
stockholders may be held and any and
all Of the business may be transacted
Article II. The general nature Of the
different kinds of business proposed to
be transacted by this Corporation is as
follows, tO-Wit:
To purchase, lease, locate, bond or o.
thcrwise acquire, own, exchange, sell or
otherwise dispose Of, pledge, mortgage
hypOthecate and deal in, work, mine,
explore and develop mining claims, oil, ,
mineral, timber and agricultural lands
oil, gas, asphaltum, petroleum, water
and water rights
To do a general real estate, mercantile
and mining business in all its branches
To own, handle and control letters
patent and Inventions
70 borrow money and execute mort
cages or deeds Of trust to secure the
same, to issue bonds and other evidences
Of Indebtedness, and in general do all
things necessary to the proper conduct
Of the business OF this corporation, not
inconsistent with the laws of the United
States and the Territory of Arizona.
+ Article III. Among the powers Of this
body corporate shall be; To have per-
petual succession to sue and be sued
by its corporate name: to have a com
mon seal and alter the same at pleasure: {:
to prescribe the mode of making trans
fer of stock or interests of its stockhold-
ers: to make contracts to acquire and
transfer property OF every kind and de-
scription, both real and personal, and to
possess the same powers III such respects
as private individuals now enjoy; to es-
Ia blish bylaws and make all rules and
regulations deemed expedient for the
management of its affairs, not inconsist-
ent with the laws and Constitution of
the United States and the laws of, the
Territory of Arizona.
Article ". The amount of capital
stock of the Corporation shall be One
Million Dollars Isl 1000, ,000.00), divided
into One Million Q,0000 0OO.O0) shares, of
the par value of One Dollar($1 COZ each,
fully paid up and forever non-as sessable.
Article v The time of the commence
ment of this Corporation shall be tn
date Of the filing of these Articles of In
corporation in the office of the Secretary
of Arizona, and the termina ton thereof
shall be twenty-five years thereafter.
Article VI The affairs OF this Corpo-
ration shall be conducted by Board of
Seven Directors, who shall be elected
annually by the stockholders of the Cor
poration on the first Monday of Novem-
Der in each year. Until the first Mon
day Of November, 1903, the following
named persons shall serve as Directors:
Arthur L. Hayes, William Kendall, Jo-
seph F. Chandler, Peter c. Kendall.
Article VII The highest amount of
indebtedness or liability, direct or con
tingent, to which this corporation shall
subject itself at any time, is One Hun