Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1907-07-17
ARTICLES OF INCORPORATION.
OF THE
ALSO OIL AND ASPHALTUM CO

Know all men by these presents.
That we. whose hands are nereunto
affixed. do hereby associate ourselves
together for the purpose OF forming 4
corporation under the laws % the Ter
ritory OF Arizona. and TO that end do
make the following statement.
Article l. The names % the ineor-
porators are |. T. HOsey. l. IT, Lands
and P. A TharaldsOn-
Article IL The name OF the corpora
ton is the Also OIL and Asphaltam
Company.
Article I'LL The principal place %
business OF the corporation IL Phoenix.
Arizona; and offices may be establish
ed and maintained at such other pl4ces
within or outside OF Arizona as TIE
board OF directors may designate. aal
where meetings OF the stockholders
and directors may Be held. and the or
binary business OF ths corporation
may be transacted; ana any meeting
OF the board OF directors. BY consent %
majority OF the same. may be held
either in or outside OF the Territory
OF Arizona
Article ". The genera, nature % the
business proposed 10 be transacted ~
this corporation is as follows. to-Ni;,
Purchasing. owning and operating
mining property; TO make contracts.
TO purchase. lease. bond. locate or 9th
er wise acquire. own. exchange. sell o.
otherwise dispose OF. pledge. morsxage.
hypOthecate and deal in any and all
kinds OF real and personal propersy.
| including bonds aud shares OF The
capital stock Of its own and otnes
corporations; mines. mining claims. oil
lands. coal LANDS. mineral lands. "a
gas. coal. shale. asphaltum. petroleum
asbestos. salt. water water righas and
machinery. and TO work. mine. sxplore.
operate and develop the Sarns. and %
extricate any and all minerals. Oils
and gas therefrOm. and deal in The
| products and by-prOducts thsreof- %
purchase. lease or otherwise acquire.
erect. own. operate or sell
smelling and ore reduction works. Oil
refineries. saw mills and power
plants; 10 do 4 general real e.
tate. manufacturing and mercantile
/ business: TO own. handle and csutroS
letters patent and inventions an
shares of its own capital stock and
that Of other corporations and 20 vote
any stock owned by II The same a. a
/ natural person might do; 20 issue
bonds. notes. debentures and Oth-r
evidences OF indebtedness. and 20 So
cure the payment Of the sane by
\ mortgage deed Of trust. bonds g
otherwise; 70 aSi as agent. trustee.
/ brother or in any other fisf1-
ciary capacity. and TO borrow and ia@a
money. and generally TO do and per
4 T..
/ transact such business not incOnSistra.
with Law in snS part Of the WORLD a.
\ the board % directors may deem 70
the advantage OF the corporation. The
same as a natural persJn might do
\ Article V. The amount OF the an
thOrized capital stock OF this corpor-
alton is two hundred and fifty tho1s-
and dollars Cs250.Oc0) divided into tao
hundred and fifty thousand t-se.e--al
shares Of the par value % one dol
lar 0D each. which shall be pai1 in
at such time as the board % directors
may designate in cash. real OF pei
I sonal property. contracts. services or
any other valuable right or thing tlr
the use and purposes Of the corpora
ton. and all shares Of the capital
stock so issued in exchange therefor
shall thereupon and thereby become
and be full paid and non-aS>-ssSabie
forever; and the Judgment % the di-
rectOrs as to the value % any prup-
erty, right or thing acquired IN sN-
change for capital stock shall oe Goa
elusive.
Article VI. The time Of the COM
mencement OF this cOrpOration SHALL
be the 2ith day Of June. 1897. and the
termination thereof shall be The -tth
/ day OF June. 1882. with privilege q
renewal as provided b. law
Article VII. The first annual meet
ing of the stockholders for the elec-
ton Of directors shall b. held upon
the first Monday OF MAY IN the year
1908. and the first Monday in Nav %
each year thereafter. At al stock
holders meetings stock may be voted
ia person or by proxy.
Article VIII The affairs OF tbs CO..
poratiOn shall be conducted b. a boari
of five directors and the foiioNins
named persons shah constitute the
board of directors until the first an
nual meeting Of the Stockholders q
the company on the first MOntay %
May. 1908. and until their SUCCESSES
are elected and qualified. l. T Hosey.
l. III. Lands and p. a Tharald-on-
of Phoenix. Arizona; " sinclair, -
Los Angeles. California. and : ".
Higley of Phoenix. Arizona
The officers OF said corporation IN
til their successors are elected shall
be: |. T. HOsey. president. L n
Lands. secretary; y sinclair. Vie
president. and 2. A Tharaldsoa. treas
urer.
Article IN. The directors shall have
power 10 adopt and amend bylaws 70
the government Of the corT,oratfor- O
fill vacancies occurring in the board
from any cause
Article y. The highest amount 20
! indebtedness or liability 20 NhicS tn-
corporation i at any time 10 sCo1ccS
itself is one hundred and tWenty-fls E
thousand dollars Csl2s.ooel-
Article NJ. The private property %
the stockholders OF the corporatson
shall be exemps from eOrpOrate ceots
OF any kind Whatsoever
In witness whereof We have hcrsun .
to affixed ous signatures ana s-ais
this oath day ct June. 1885,
(SeaD I. 7. HOSEY.
(SeaD l. ~. LANDS
| (SeaD 2. a. THARALDSON.
Territory OF Arizona. County OF Mar