Arizona republican., 1907-07-19
ARTICLES OF INCORPORATION.
OF THE
ALSO OIL AND ASPHALTUM Co

corporation under the laws Of the Ter
ritory Of Arizona. and TO that end DO
make the following statement.
Article l. The names Of the incor-
porators are I. T. HOsey. l. II. lands
and p A Tharaldson.
Article III. The name OF the corpora
/ ton is the Also oil and Asphaisrm
/ Company.
Article III. The principal place %
| business Of the corporation Is Phoenix.
Arizona: and offices may be establish
ed and maintained al such other places
within or outside OF Arizona n the
board of directors may designate. ana
where meetings OF the stockholders
and directors may be held. and the or
/ binary business OF tia gOrporation
may be transacted; ana any meeting
of the board OF directors. by consent Of
majority OF the same, may be held
either in or outside OF the Territory
| of Arizona.
Article ". The general nature q the
business proposed to be transacted By
this corporation is as follows. to-uit:
Purchasing. owning ana operating
mining property: TO make contracts:
to purchase. lease. bond. locate or 9th
er wise acquire. own. exchange. sell Or
otherwise dispose OF. pledge. mortgage
hypothecate and deal in any and al
kinds of real and personal property.
including bonds ana shares Of ne
capital stock OF its own and other
corporations: mines. mining claims. OIL
lands. coal lands. mineral lands. o..
gas. coal. shale. asphaltum. petroleum.
asbestos salt. water. water rights and
machinery. and to work. mine. explore.
operate and develop the same. and 70
extricate any and all minerals. oils
and gas therefrom. and deal IN the
products and by-prOducts thereof. 10
purchase, lease or otherwise acquire.
| erect, own operate or sell
smelling and ore reduction WORKS. OH
refineries, saw mills and power
plants; to do a general real e.
tate, manufacturing and mercantile
business; to own. handle and control
letters patent and inventions and
shares of its own capital stock and
that of other corporations. and 10 vote
any stock owned by IL the same as n
natural person might do; 10 issue
bonds, notes. debentures and other
evidences of indebtedness. and To So
cure the payment Of the same BY
mortgage. deed OF trust. bonds. %
otherwise: TO act as agent. trustee.
broker or in any other fitu-
ciary capacity. and TO borrow and loan
money. and generally TO do and per-
form such acts and things ana -
transact such business not Inconsistent
with law in any part OF the world a
the board OF directors may deem 10
the advantage OF the corporation. the
same as a natural person might do
| Article V. The amount OF the an-
thoriZed capital stock OF this corpor-
alton is two hundred and fifty thous-
and dollars (s250.oeo) divided into two
hundred and fifty thousand Ce5aeool
shares of the par value Of one dol
lar (sD each. which shall be paid IN
at such time as the board OF directors
may designate in cash. real or per-
sonal property contracts. services or
any other valuable right or thing for
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
l and be full paid and ncn-assessabie
forever: and the Judgment OF the d.
rectors as to the value Of any prop
erty. right or thing acquired In ex-
change for capital stock shall be coa-
elusive.
Article VI. The time of the con-
mencement OF this corporation shall
be the cath day Of June. 1897. and the
termination thereof shall be the esth
day OF June. 1892. with privilege %
renewal as provided BY law.
Article VII. The first annual meet
ing of the stockholders for the cleo
ton of directors shall be held upon
the first Monday of MAY in the year
1905, and the first Monday in May 81
each year thereafter. At all stock
holders meetings stock may be voted
i'll person or by proxy.
Article VIII The affairs OF this Ger
poration shall BE- conducted by a board
OF five directors and the following
named persons shall constitute the
board of directors until the first an
nual meeting OF the stockholders q
the company on. the first Monday Of
May, 1908. and until their successors
are elected and qualified: /. T. HOsey.
L. II. Lands and p. n Tharaldscn-
OF Phoenix. Arizona; y. Sinclair. O,
Los Angeles. California and :. w
Higley of Phoenix. Arizona
The officers OF said corporation. un-
be: l. T. HOsey. president: l. n.
Lands. secretary; y. Sinclair. vice
president. and P. A Tharaldson. treas
urer.
Article IN The directors shall have
power to. adopt and amend bylaws 20
the government Of the corporation. O.
fill vacancies occurring in the board
from any cause
Article Y. The highest amount q:
Indebtedness or liability 10 which ths
corporation is at any time to subject
itself is one hundred and tweniy-fi
thousand dollars (s125.e0o)
Article NJ. The private property 81
the stockholders OF the corporation
shall be exempt from corporate debts
of any kind whatsoever.
In witness whereof We have hereun-
to affixed our signatures and SCAR
this oath day Of June. 1885,
: (SeaD l. T. HOSEY.
(SeaD l.. II. lands.
(SeaD T.. a. THARAi.DSON
. Territory Of Arizona. County % Maj
copa- IS.
Before me. o. E. Schupp. notars
public in and for the County % Mari
copa and Territory Of Arizona. o.