Arizona republican., 1910-05-23

I SECOND: The business of the cor ! poration is to be transacted in the ter ritory of Arizona and elsewhere. as may be determined by the Board of l Directors. either in any of the states. | Territories or possessions of the United [ States of America. or in any- 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 l or power. and the general nature Of ! the business proposed tO be tranSaCted ! is as fOlloys, tO-wit: To make con- ! tracts. to purchase. to lease. bond, To- l cate. or otherwise acquire. own. eX- change. sell or otherwise dispose of. i pledge. mortgage. hypothecatc and deal ] in real estate, and any and all kinds of personal property. mines. mining claims. oil lands. nil, gas. asphaltum. petroleum. asbestos. salt. water and | water rights and machinery, and to work mines. explore. operate and de velpp the same. to buy and sell min ing stocks, "il stocks. to build pipe | lines. oil rcfnCrics. storage tanks. gas tanks. tO lay gas mains, and also to bond same, tn loan finance. and to in- corporate other companies. and in gen eral du ail things necessary tu the proper conduct of tho business of this corporation. not inconsistent with the laws of the United states and the Ter ritnry of Arizona
 THIRD: The capital stock shall he One Million Dollars t51. .N00. .n0Ou1) di- vidcd into One Million shares of the par value of orc Dollar H10W each. and that said stock shall he issued full paid. non aSsesSahle. at such time as the Board of Directors may designate in exchange for cash, property. ser vices ar other valuable right or thing and the judgment of the Board of Di- rcCtorS as to the value thereof shall be conclusive
 FOURTH: The time of the com mencement of this corporation shall he the date of the filling 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 lcGe of renewal as provided bV law.
 FIFTH: The affairs of the corporal tion shall be 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. E. D. Sanborn, w. J. Barker shall constitute the Board of Directors. until the annu- al stockholders meeting which shall be held on the 2nd day of May com mencing in 1910. The Directors are empowered to make such prudential n 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 tingent. to which this corporation is at any time subject shall he Two Hund- red and Fifty Thousand Dollars (S25G, 000) 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 IF other stockholders meeting may be held at the office or offices of the corpora ton 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 goth 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. Deputy Clerk i District Court in and for the City i, and County of Denver. State of Colo 1 rado. do hereby sertify that C. w. San born, George M. Williams and Edwird