Arizona republican., 1903-03-01

to that end make the following state mert: FIRST: The names of the corpora tors are: Frank Butcher, H. C. Big ham. William Carnahan, ;. F. Butcher. T. L. Greenwood. r. 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 PhoenlX, Maricopa County, Arizona, and the principal place of business of said cor poratio1 outside the Territory of Ari- zora shall be the City of BartlesVille, 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 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 ing claims oil lands, mineral lands. oil, gas asphaltum, petroleum. asGes- tos. salt, water and water rights and machinery. and to W1ck, mine. explore, operate and develop the same; to dc general real estate. manufacturing and mercantile business; to own, han dle and control letters patent and ia- venticns and shares or capital stock of ether corporations; to borrow money and execute notes, bonds, mort Gagcs, or deeds Of trust to secure the same. and to exercise in respecg of all such bonds, mortgages, notes, shares of cap ital stock and other securities ard ob- iigations any and all rights, powers and privileges Of individual owners thereof, including the right to vote upon any shares Of stock held by 1t to the same extent that natural person might oI could do, and in general to Go all things necessary tO the proper con duct of the business of this corpora ten in the Territory and elsewhere net 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 ($1500 G0G), divided into One Million Five Hundred Thousand shares of the par value Of One dol lar (S1.30) 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 or by the safe and transfer to it Of real or personal property for the TseS and purposes of said corporation, in pay nent for which shares Of the capital stock of said corporation may be issued and the capital stock so issued shall thercupon and thereby become and be | fully paid up and -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 mencement oe this corporation shall be the date of the filing Cf these Articles of in corporation in the office cf the secretary of Arizona, and the termina- tion thereof shall be twenty five years thereafter.
 FIFTH: Ire affairs of this corpora ton shall be conducted by board of Nine Directors and the following ! named shall constitute the Board of Directors until their successors gre elected: T. J. Henkins. Frank Butcher, H. C. Bigham, William Carnahan, $. | F. Butcher, |. l.. Greenwood, r. Q. Butcher. R. r. Lee Jordan, Wallace \. Price
 Thereafter the Board of Directors shall be elected from among the stock holders as the bylaws of the corpora tion may provide. The officers Of said
 
 elected shall be:
 T. J. Fenhirs. President; !. l.. Greenwood. Vice -Pre eside:lt Frank i Butcher, Secretary; ?. o. Butcher Treas urcr.
 SIXTH: The highest amount of in dcbtedness or liability. direct or con- tingent, to which this corporation is at any time subject shall be one Hundred Thousand dollars (SlO9 .G0G), which amount does not exceed twc-thirds the amount of the capital stock.
 SEVENTH: The private property of the stockholders of this corporation shall be exempt from corporate debts of any kind whatsoever.
 IN WITNESS WHEREOF. We have hereunto set our hands and seals this twenty first day Of January, 1903.
 WI. CARNAHAN. (SeaD
 Ii. C. BTGEAM. CSe1l)
 ?. o. BUCHER. (SeGN
 g r BUCEEE. (SeaU
 FRANK BUCHER. tSeau
 J. l.. GREENWOOD (Se&U Territory of Indian Territory
 County O. Northern District. S.
 On this 22nd day of Jan'y, in the year 1905. before me, r. D. Keller, /; Notary Public in and for the District land County aforesaid. residing therein 6uly commissioned and sworn, peraon- la!ly appeared Wm. Carnahan, Ii. C Bigham. p. Q. Bistller, $. r. 3u, her Franl. Butcher and J. L. Greenwood known to mo t. he the persons de icc,ibed in whose names are subscribe, tc. and who executed the annexed in !struluent. and they acknowledged tC me that they executed the same for thc purposes and considerations therein eX- pressed.
 IF WITNESS WHEREOF, I have heIa.nta set my hand and affixed my oehcfal seal, at ny office in the sai5 State and County, the day and veal las; above written.