Arizona republican., 1910-05-24
ARTICLES OF INCORPORATION
 OF THE. UNION OIL AND GASOLINE
 COMPANY.

PRESENTS: That the undersigned do | hereby associate ourselves together for the purpose of forming q corporation under the laws of Arizona and to that end do hereby certify and declare: FIRST: The names of the incor- porators are. c. w. Sanborn. George M. Williams. and E. G. Strdub. the name of the corporation shall be the Union oil and Gasoline Company. The principal place of business of the cor poration in Arizona shall be Phoenix, and an office of the company may also be in the City and County of Denver. State Of Colorado. and the corporation may have such other offices, principal or branch, either within or without the territory of Arizona, as may be estab- lished by the Board of Directors. at which offices meetings of the Board of Directors may be held
 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 Directors. either in any of the states, Territories or possessions of the United States of America. or ;n ans foreign State. States, Country, or in the Co lonial possessions or any foreign 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 is as folloys, to-wit: To make con- tracts, to purchase, to lease. bond, To- cate, or otherwise acquire, own, eN- 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 velOp the same, to buy and sell min ing stocks. oil stocks, to build pipe lines. oil refineries. storage tanks. gas tanks, to lay gas mains. and also tO bond same to loan finance, and to in- corporate other companies. and in gem eraI do all things necessary to the proper conduct of the business of this corporation. not inconsistent with the laws of the United States and the Ter ritory of Arizona.
 THIRD: The capital stock shall be One Million Dollars 5000. .00000) di- yidcd into One Million shares of the par value of ore Dollar sl00) 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- rectors as to the value thereof shall be conclusive
 FOURTH: The time of the com mencement of this corporation shall be tine 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 be twenty-five years hereafter. with privi lege of renewal as provided by law.
 FIFTH: The affairs of the corporal ton shall be conducted by the Board of Directors consisting of not less than five persons. and not more than nine persons. and C, W. Sanb0rn. George M. Williams, Edward G. Straub, B. 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 claws as they may deem necessary for the management of this corpora tion. to fill vacancies occurring in the Board and to appoint an Eaecutive committee with such powers as they may confer. 7Tt
 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 (s250,- 000) which amount does not exceed two thirds of the capital stock.
 SEVENTH: The private property of the stockholders of this corporation shall he exempt from it's corporate debts of any kind whatsoever.
 EIGHTH: The annual IT other stockholders meeting may he held at the office or offices of the corpora ton outside of Arizona. as may be pro- vided by the Bylaws of the corpora ton, 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 2Oth day of April, 1910.
 C. w. SANBORN.
 GEORGE M. WILLIAMS.