Arizona republican., 1910-05-22

1 SECOND: The business of the cor { poration is to be transacted in the ter ritory of Arizona and elsewhere, as may he determined by the Board of ! Directors. either in any of the States. 1 Territories or possessions of the United 1 States of America or in ans foreign | State. States, Country. or in the Co ! lonal possessions or any foreign l State, states. Country. or in the Co., | lonial possessions or any foreign State ] or power. and the general nature of the business proposed to be transacted i is as follOys, to-wit: To make con tracts. to purchase. to lease, bond, To- ] cate, or otherwise acquire. own. eX- change, sell or otherwise dispose of. | pledge. mortgage. hypOthecate and deal ] in real estate. and any and all kinds of personal property, mines. mining claims. oil lands, oil. gas. asphaltum. petroleum. asbestos. salt. water and water rights and machinery. and to , work mines. explore. operate and de- vclop the same, to buy and sell min ing stocks. oil stocks. tn build pipe lines. oil refneries. storage tanks. gas tanks, t0 lay gas mains. and also to bond same, to loan finance. and to in- corporate other companies. and in gen eral do all things necessary to the proper conduct of the business of this corporation. not inconsiSten; with the laws of the United states and the Ter ritory of Arizona.
 THIRD: The capital stock shall be One Million Dollars s1.0OO. .0o0.oo) di- vidcd into one Million shares of the par value of one Dollar (s1oW each and that said stock shall be issued full paid. non -assessable. at such time as the Board of Directors may designate in exchange for cash. property. ser vices or other valuable right or thing. and the judgment of the Board of Di- rcctors as tc the value thereof shall be conclusive
 FOURTH: The time of tho com mcnccment of this corporation shall he the date of the filing of certified copy of these Articles of incorporation in the office of the Auditor of Arizona. and the termination thereof shall he twenty-five years hereafter, with privi lege of renewal as provided by law.
 FIFTH: The affairs of the corpora tion shall he conducted by the Board of Directors consisting of not less than five persons. and not more than nine persons. and C, W. Sanborn. George NJ. Williams. Edward C. Straub. B. D. Sanboru. w I Barker shall constitute the Board of Directors. until the annu- al stockholders meeting which shall be held on the 2nd day of May com menciug in 1910. The Directors arc empowered to make such prudential Bylaws as they may deem necessary for the management of this corpora ton. to fill vacancies occurring in the Board and to appoint an Executive committee with such powers as they may confer.
 SIXTH: The highest amount of in- debtedness or liability. direct or con 1 tingent to which this corpora ton is at any time subject. shall he Two Hund- red and Fifty Thousand Dollars s250,- 1 OOoD which amount does not exceed | two thirds of the capital stock.
 SEVENTH: The private property of | the stockholders of this corporation | shall be exempt from it's corporate | debts of any kind whatsoever.
 EIGHTH: The annual )r other | stockholders meeting may be held at | the office or offices of the corpora tion outside of Arizona. as may be pro- vided by the Bylaws of the corpora tion. and at all stockholders meetings | votes may be cast in person or by ! proxy.
 IN WITNESS WHEREOF. We have hereunto set our hands and seals this 20th day of April. 1910.
 C. w SANBORN.
 GEORGE NJ. WILLIAMS.
 EDWARD G. STRAUB.
 State of Colorado, County of Boul- der, ss.
 I. J. G. Archibald. a Deputy Clerk District Court in and for the City and County of Denver. State of Colo rado. do hereby sertify that c. w. San born, George Nj. Williams and Edward