The oasis. [volume] (Arizola, Ariz.) 1893-1920, 1904-03-19
ARTICLES or INCORPORATION
or THE

Do w :. T. II W y. y
Thomas and K. Brown, each OF whom is n
citizen of the United States, being DESTROYS OF
forming Il corporation under the laws of the
Territory of Arizona, hive this day voluntar-
lily associated ourselves together into body
polite and corporate, and do hereby make
sign. and acknowledge. each for himself, these
Articles OF Incorporation, and do hereby
certify
I. The name OF this corporation, and by
which IL shall be authorized TO act, is the
Sonoita Oil Company.
III. The names OF the incOrpora tors are &. A.
Hartman, g. =: futile, l.. W. Jimmie, J.
Teeter T Il. Murray, c. N. Thomas and c. X
Brown. The principal office or place of trans
acting the business OF this corporation shall be
at the town OF Nogales, Santa Cruz County,
Territory OF Arizona, with branch Offices AZ
such other place or places, either in the United
states or foreign countries, the Board Of
Directors may from time to time determine.
III The time OF the commencement OF this
corporation shall be the date of the filing of
its Articles of Incor poration in the Office of the
County Recorder OF Santa Cruz County, Ari-
IONA, and certified copy thereof in the Office
of the Auditor for the Territory OF Arizona
and the termination thereof shall be twenty
five years thereafter.
~ The amount OF the capital stock OF this
corporation shall be Five Million Dollars
H5,UOO,OOOl divided into five million shares OF
the par value OF One Dollar each At such
times and under such conditions Ms the Board
of Directors may direct, said capital stock
shall be paid into the corporation, either in
cash or by sale or transfer To IL of real or per
sonAl property, for the uses and purpos 5 of
said corporation, in payfor which shares OF
she capital stock shall be issued. and said
stock when issued shall be fully paid and non
assessable. The capital stock may be increased
or decreased by the affirmative vote of a
majority OF the stock then issued; but in case
of the increase OF the capital stock each Sha re.
holder shall have the privilege OF subscribing
for such number OF shares 81 the proposed in
crease as he may be entitled to according TO
the number OF shares held by him before the
stock is increased.
V. The highest amount of indebtedness or
liability, either direct or contingent TO which
This corporation is any time TO subject itself,
shall not exceed the sum of One Million
Dollars Sl,OOOOOO and the private property of
the stockholders OF this corporation shall be
exempt IRON the payment OF its corporate
vi. The general nature of the business to be
transacted by this corporation is 10 locate,
buy, bond, acquire, hold, own, lease. possess,
operate or sell, mortgage, pledge, hypothecate
or otherwise dispose % oil lands, mineral lands,
oil, gas, asphaltum petroleum or any OF their
products, Tater ana water rights, t0wnstes and
real estate OF all kinds and interests in any of
the said properties; to engage in and carry on |
the business OF drilling wells building and Z
operating rehneries, pipe lines and pumping I
stations, building and operating railroads and /
telephone and telegraph lines; to acquire
title either In the United States or foreign /
countries to oil or mineral lands of all kinds, |
any and all kinds Of machinery personal /
property ana all other property OF any nature /
whatsoever requisite and necessary for the /
transaction of It's business TO work dispose OF /
ana uthi III the same ana IN the DrDuuCtS /
thereof to carry on and conduct general |
merchandise business and to that end deal in /
any and all commodities of every kind neces- |
sary TO the successful conduct OF said business;
TO purchase, hold, own, control and deal in /
the shares and properties OF other companies |
and corporations, TO own, handle and control /
letters patent and inventions; TO borrow /
money and execute notes, bonds, mortgages or |
deeds OF trust to secure the same, and gem
orally 10 do things necessary or incident to |
the proper conduct OF the business OF this cor
poration, and 10 do and perform each and |
every act and thing which is lawful Tor natural |
persons 10 do; all of which business or oceupa-
tlons may be carried on al such places, either
in the United States or foreign countries as the
Board of Directors may deem tor the best in
terests OF the corporation.
VII The business affairs of this CORPORATION
shall be under the management and control
and shall be conducted by Board of Directors
of no less than three or n more
than nine members, each OF whom shall be
stock holder and whenever any Director ceases
TO be stakeholder he shall at the same time
cease to be director. They shall be elected
by the stockholders vt their regular
annual meeting which shall be held at any OF
the offices OF the corporation on the first Mon
day of March in each year. and shall hold their
Offices until their successors are elected and
qualified. Any vacancy in the Board of Direc
tors may be filed by the remaining members
OF the Board by appointment from among the
stockholders, and such appointment shall be
for the unexpired term for which the appoint.
ment is made. The first Board of Directors
shall consist of the incorporators whose names
are hereto subscribed A majority .oi the
Board OF Directors shall constitute quorum
for the transaction OF business.
VIII. Within ten days after the election of
any Board OF Directors they shall meet at any
OF the offices OF the corporation and elect the
Ohcers of this corporation, who shall he a
president vice-president, secretary and treas
urer, and such other minor officers or agents MS
the Board OF Directors may deem necessary for
the best Interests of the corporation. The pre-
sident, secretary aud treasurer shall be mem
beers OF the Board of Directors and the Office OF
Secretary and that of Treasurer may be filled
by the same person All the officers shall hold
their Office during the life of the Board of
Directors by whom they are elected, and until
their successors are elected and qualified unless
sooner removed by a vote OF two thirds OF the
Directors.
TX. These Articles OF Incorporation may be
altered or amended any regular meeting of I
The stockholders or Mt any special meeting ,
,alled for that purpose by n Affirmative vote
Of the majority OF the stock then issued: and -
The Board of Directors or any three stock
holders may call u meeting OF the stockholders
or this OF any other purpose not inconsistent
with law but notice of such proposed amend