Graham guardian., 1905-09-15
First Publication Sept. Sc Weeks
ARTICLES OF INCORPORATION
Of the
Arizona Oil Company.

KNOW ALL MEN BY THESE PRESENTS;
That we whose names are heereunto sub
scribed, do hereby associate ourselves together
for the purpose OF forming a Corporation under
the laws Of the Territory of Arizona, and TO that
end dc adopt the following ARTICLES OF
INCORPORATION:
Article 1.-The names OF the Ineorporators are
Henry Hill, Peter Anderson, Geo, A. Olney, u. O,
Prina and A. T. Cotton, and the name of the
Corporation shall be Arizona Oil Company. and
the principal place In which the business of
said Corporation is to be transacted Is Stafford,
Graham County, Arixona Territory, but the
Board OF Directors may establish branch Offices
al any other place in the Territory Of Arizona
or in any other State or Territory of the United
States or the Republic of Mexico as they may
deem best for the business of the Corporation.
Article 1.-THE general nature of the business
proposed to be transacted by this corporation is
as follows To own, lease, rent, bond and ac-
quire oil, coal and gas lands, and drill and bore
for oil gas, and water, to develop and prospect
for oil, asphaltum, petroleum, and develop ar
tesian water and acquire water rights, to con-
struct, own and acquire franchises for supplying
towns and communities with water for domes
tic and other purposes, 10 own and construct
reservoirs for impOunding water, to own and
construct pipe lines, TO convey water, OIL gas,
asphaltum and petroleum, to construct, own
and maintain power for generating electricity
for lighting and power purposes, to own and
operate all kinds of mines and to own and
operate the necessary machinery for success
fully operating the same, buy, sell, own and
control real estate and personal property and to
do all things necessary for the successful con-
duct of the business Of this corporation,
Article III-The authorized amount of capital
stock OF this corporation shall be one million
of the par value Of (sl.oOD each. Az 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 sale and trans
fer OF real or personal property for the uses and
purposes of said corporation, in payment of
which shares of capital stock Of said corpora
non-assessable, and in the absence of actual
fraud in the transactions the Judgment OF the
Board Of Directors as TO value Of the property
purchased shall be conclusive.
Article IV-The time Of the commencement
of this corporation shall be the date of the A.
ing of these Articles of lncOrpol alton in the Of
fce of the county Recorder and the Auditor Of
Arizona and the termination thereof shall be
twenty-five years thereafter.
Article V-The affairs of this corporation
shall be conducted by board Of FIVE directors
and the following named persons shall con-
stitute the board of directors until their sue
cessors are duly elected Henry Hill, Peter
Anderson, Geo A, Olney y. Q. Prlna and A. I,
Cotton; and thereafter the Board of Directors
shall be elected from the stockholders on the
first Monday Of August of each succeeding
year. The officers Of said corporation shall be
Henry Hill, president; Geo. A. Olney, vice
president; A. II, Cotton, secretary; q. G, Prina,
treasurer; who shall hold Office until their sue
cessors are elected.
Article Y1-The highest amount of indebted
ness or liability, direct or contingent, to which
this corporation is ut any time subject shall be
six hundred thousand dollars, which does not
exceed two thirds Of the amount of the capital
stock
Article YII-The private property of the
stock holders Of this corporation shall be ex-
empt from corporate debts ofany and all kind
whatever.
In witness whereof we have hereunto set our
hands and seals this the oath day of August,
1905,
Henry Hill,
Peter Anderson,
Geo. A. Olney,
q. G. Prina,
Albert I. Cotton.