The oasis. [volume] (Arizola, Ariz.) 1893-1920, 1904-03-26
ARTICLES OF INCORPORATION
or THE
sONOITA OIL COMPANY.

N
Territory OF ArzOna, hove this day volIintar-
lily associated ourselves together into body
polite and corporate, and DO hereby make,
sign. and acknowledge. each for himself, these
Articles OF 1neorporatson, and do hereby
certify:
l. The name Of this corporation, and by
which IL shall be authorized to act, IS the
Sonoita Oil Com pany.
II. The names of the incorporators are G. A.
Hartman, q. +. futile, l.. W. Jimmie, >. )
Teeter. = +. Murray, G. n. Thomas and {.
Brown The principal office or place OF trans
acting the business OF this corporation shall be
mt the town OF NOgales, Santa Cruz County,
Territory OF Arizona, with branch ohces at
such other place or PAGES, either in the untea
States or foreign countries, as 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 ming oil
It's Articles OF Incorporation In the once OF tne
County Recorder OF Santa Cruz County, Ar-
IONA, and certified copy thereof in the once
OF the Auditor for the Territory OF Arizona,
and the termination thereof shall be twenty
IV The amount OF the capital stock of this
corporation shall be Five Million Dollars
(s5,O00,0O0l divided into five million shares OF
the par value OF One Dollar each. At such
times and under such conditions as the Board
Of Dir, ciors may direct, said capital stock
shall be paid into the corporation, either IN
cash or by sale or transfer u IL OF real or per
sonal property, for the uses and purpos OF
said corporation. in pay-for which shares OF
the capital stock shall be issued. and said
stock when issued snail De iullF phlu ana non
assessabe The capital stock may be increased
or decreased by the affirmative vote OF
majority OF the stock then issued; but IN case
OF the increase OF the capital stock each share
holder shall have the privilege OF subscribing
for such number OF shares OF the proposed In
crease MS he may be entitled To according 10
the number of shares held by him before the
stock is increased.
" The highest amount of Indebtedness or
liability. either direct or contingent, TO which
this corporation is any time to subject iiseli,
shall not exceed the sum OF One Million
Dollars iSl, 100000 and the private property OF
the stock holders OF this corporation shall be
exempt from the payment OF is corporate
debts
transacted by this corporation is TO locale,
buy, bond acquire, hold, own lease possess,
OPERATOR sell. mortgage pledge, hypotnecaie
or otherwise dispose'Of Oi lands, mineral lands,
oil, gas, asphaltum, petroleum or any OF their
products. alter and water rights, townsites and
real estate OF all kinds and interests in any OF
the said properties; 60 engage in and carry on
the business OF drilling wells, building and
operating refneries, pipe lines and pumping
stations, building and operating railroads ana
telephone and telegraph lines; to acquire
title either in the United States or foreign
countries to oil or mineral lands 9fal kinds,
any and all kinds OF machinery. personal
property and all other property of any nature
whatsoever requisite and necessary for the
transaction OF It's business: TO work, dispose of
and deal in the same and in the produces
thereof; to carry on and conduct a general
merchandise business ana 10 tndL emu Qt III III
any and all commodities OF every kind neces-
sary 10 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 ami gen.
orally to do things necessary or incident to
the proper conduct of the business OF this cor
poration, and TO do and perform each and
every act and thing which is lawful Tor natural
persons 10 do; all OF which business or oceupa-
tions may be carried on NJ 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
consisting of no less than three or no more
than nine members, each of whom shall be
stock holder and whenever any Director ceases
to be n stOckholder he shall ut the same time
cease to be director. They shall be elected
annually by the stock holders 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 filled by theremaining 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. majority of the
Board OF directors snail 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
officers OF this corporation, who shall be
president, ce-president. secretary and treas
urer, and such other minor officers or agents as
the Board of Directors may deem necessary for
the best interests of the corporation. The pre-
sident, secretary and treasurer shall be mem
bers 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 qualifed unless
sooner removed by a vote Of two thirds of the
Directors.
TX. These Articles of Incorporation may be
altered or amended at any regular meeting OF
the stockholders or at any special meeting
called for that purpose by affirmative vote
of the majority of the stock then issued; and
the Board of Directors or any three stock
holders may call n meeting of the stockholders
for this or any other purpose not inconsistent
with law. but notice of such proposed amend
ment shall be given to each stakeholder, either
personally or IN writing. at least twenty days
prior TO the meeting at which such amend
nent shall be voted upon.