The Arizona sentinel., 1904-07-20

i the principal place Of business of the said cor poraton outside of the Territory of Arizona shall be the city of Chicago in the county of Cook and state of Illinois at which place meet ingS of the board of directors may be held and the said corporation may have such branch offices either within or without the Territory of Arizona as may be tablished by the board of directors.
 | ARTICLES IL | The general nature of the business proposed | to be transacted by the said corporation is as | follows, to-wit To lease, locate, buy or ac- | quire by any means of purchase, all kinds of mineral lands and to obtain title to the same: | to buy, sell, operate and e elop oil wells and | oil property; to own, acquire, lease hold sell and convey all kinds of real and personal prop erty: to locate. buy and sell water rights and still sites; to buy. sell. acquire, deal in and hy pothccate the shares of other incorporated com panies; to act as pledgee, trustee, and attorney in fact. assignee or receiver; to bore for. pro duce refine, manufacture pipe, store, buy and sell oil and other hydro-carbon substances and all minerals and chemicals; to buy and sell all kinds of merchandise and to own and oper- ate stores for dealing in the same; and gencr- ally to conduct any business aforesaid as any
 
 | in any other state or territory of the United States or in any foreign country.
 ARTICLE III. i Ina authorized amount of capital stock of this corporation shall be one million dollars (s1 .CoO>, divided into million (l000,O00) shares of the par value of one dollar (S) each. At such time as tho board of directors may di rect by resolution, said capital stock shall be paid in to this corporation, either in cash or by the sale and transfer to it of real or personal property for the uses and purposes of said cor poration, in payment of which, shares of the capital stock of said corporation may be issued, and the said capital stock so issued shall there upon and thereby become and be fully paid up and non-aSSeSSable, and in the absence of actual 1 fraud in the transaction, the judgment of the directors as to the value Of the property pur- chased shall be conclusive.
 ARTICLEIv.
 The time Of commencement of this corpo- ration shall be the date of filing these articles of incorporation in the office of the auditor of Arizona, and the termination of the said corporation shall by twenty-five years thereafter.
 ARTICLE Y. The affairs of this corporation shall be man. aged by a board of directors composed of five stockholders who shall be elected annually on the second Monday in January of each year, and until Snch election the following named stock holders shall serve as directors of this corpora ticn for the ensuing year until the second Mon day in January, 1905, and the election of their successors, to-wlt: Frank P. Sadlcr, William D. Schmidt and Grant Orr
 ARTICLES VI.
 The highest amount of indebtedness or liabfl- ity. direct or contingent, to which this corpora tion shall at any time subject itself shall be twenty-five hundred dollars, which amount does not exceed two-thirds of the capital stock of this corporation.
 ARTICLES VII
 The private property of the stockholders of this corporation shall be exempt from liability for corporate debts of any kind whatsoever, In witness whereof we have hereuuto set our hands and seals this 11th day of June, 1904.
 Grant Orr, [Seall
 William D. Schmidt, [Seall
 Frank P. Sadler. [SealI State of Illinois, i.
 County of Cook,
 Before me, James C,G'Brien, notary public in and for the state of Illinois and county of Cook, dnly commissioned and sworn and resid- ing therein, on this day personally appeared Grant Orr, William D. Schmidt and Frank P. Sadler known to me to be the persons de- scribed in, whose names are subscribed to, and who executed the foregoing instrument, and they acknowledged to me that they executed the same for the purposes and considerations expressed. Given under my hand and seal Of office, this flth day of June, A. D. l90i at my office in the said county and state.
 James c. O'Brien, ISeal Notary Public. My commisson expires April l2, 1908.
 June 22 1904-6t