Duncan Arizonian., 1912-05-22
Articles of Incorporation
of
Crescent Consolidated Oil
Company

mentioned, have this day associated ourselves to-
gether into body corporate and do hereby make,
sign, acknowledge and adopt the following, Ar
tieles of Incorporation.
ARTICLEI
The names of the Incorporators are R. C. Bond
John Grimes. W. R. Hutchins Henry Hill, G. A.
Hesse, Jas. H Kerby, H. C. Mix, VIM. Somers
and C. Wigmore, of the town of Clifton, in the
County of Greenlee, State of Aaizona; and the
name of this corporation. and by which it shall be
authorized to transact business, is and hall be-
Crescent Consolidated Oil Company
ARTICLE II
The principal place of transacting the business
of this corporation shall be in the town of Clifton
County of Greenlee, State of Arizona but branch
offices may be kept and maintained at such other
places either in the United States of America or
in the Republic of Mexico, as the Board of Direct
ors may determine.
ARTICLE Ill
The time of the commencement of this Corpora
ton sh all be the date of the filing of certified
copy of these articles of incorporation in the Office
of the State Auditor of the State of Arizona, and
| the recording the same. The time of the termina-
tion of this corporation shall be twenty five years
periods of twenty-five years each.
| ARTICLE w
| The general nature of the business proposed to
be transacted by this corporation is as follows to-
wit: To purchase locate lease, bond or otherwise
| acquire own, exchange sell, mortgage, lease or
otherwise dispose of oil lands timber lands. real
estate mineral lands mines and coal lands, and to
work. explore, operate mine and develop the same;
to purchase, lease. construct own and operate oil
refneries. and all other kind of mills and plants
| for the manufacture and refining of OIL petroleum,
asphaltum and all products and biproducts there
of; to purchase construct, own and operate stamp
mills, smelters and all kinds of reduction works;
| to buy, sell and deal in oil, petroleum, COAL ores
and all kinds of goods and merchandise; to con-
struct buy, own conduct and lease supply houses,
warehouses, stores, restaurants and boarding
| houses and to do general mercantile, manufac-
turing and mining business to buy, construct,
\ own maintain lease and operate oil rigs, machine
shops, canals, roads. bitches, fumes, pipelines
\ tanks, reservoirs, telegraph and telephone lines
\ and machinery for the manufacture and transmits
sion of electricity to borrow money and give notes
and bonds therefor. and to secure the same by
i mortgage or trust deed upon any of the property
of this corporation; also to purchase acquire own
SELL pledge otherwise dispose of stock of this
corporation, well the stock and bonds of other
corporations and to do and perform all things ne
cessary carry out the objects and business afore
said within and without the State of Arizona that
a natural person might do.
ARTICLE v
The authorized amount of capital stock of this
Corporation shall be Five Hundred Thousand ($500-
00O.00) Dollars, divided into five hundred thousand
4 shares 100000 of the par value of One CSl.00)
4 Dollar EACH which stock may be issued in exchan-
ge for money, property services or the stock of
other corporations, at such times and upon such
4 terms and conditions the Board of Directors
\ may determine. and the capital stock when SO is
sued shall thereupon and thereby be and become
\ fully paid and nonasSessable, and the Judgment
of the Board of Directors, as to the value of the
property purchased and the services shall be con-
elusive.
ARTICLE vi
The business affairs of this corporation shall be
under the management and control of Board of
Directors, consisting of not less than five % nor
more than nine 90 members, each of whom shall
be stockholder in said corporation. Said Direct
ors shall be elected annually at the annual meet
ing of the stockholders of this corporation, which
shall be held the second Monday of April in
each year hereafter, and they shall hold their of
fees until their successors are elected and quaf-
ed.
ARTICLE VII
Any vacancy in the Board of Directors may
be filled by the remaining members of the said
Board by appointment from among the stockhold-
ers, and such appointment shall be for the
pired term for which the appointment is made
The Board of Directors shall have power to
adopt bylaws and amend and repeal the same;
to define the duties of the officers, agents and
clerks of this corporation, and to make all rules
and regulations deemed necessary and proper for
the management of the affairs and of the business
of this corporation.
The following persons shall constitute the first
Board of Directors of this corporations R. C. Bond
John Grimes, W. R. Hutchins, Henry HILL JAS H.
Kerby, H. G. Mix, Wm Somers, G. A. Hesse and
c. Wigmore, and they shall hold their offices until
the annual meeting of the Stockholders of this
corporation, to be held on the second Monday of
April A. D. 1915.
A majority of the Board of Directors shall con-
stitute quorum for the transaction of business
at any OF their meetings. and said Directors may
hold their first meeting at any time after the
mencement of this corporation
The officers of this corporation shall be Presi-
dent, Vice-President, Secretary and Treasurer,
and such other officers as the Board of Directors
shall from time to time determine upon and such
officers may be elected by the Board of Directors
at their first meeting to serve for the ensuing year.
the offices of Secretary and Treasurer may be held
by one and the same person as the Board af Di-
rectors may dertimine
ARTICLE VIII
The highest amount of Indebtedness or liability,
direct or contingent, to which this corporation
shall at any time be subject shall be three hun
dred thousand ($3OO,OOO Dollars.
ARTICLE TX
The private property of the stockholders of this
corporation shall be forever exempt from it's cor
porate debts of every nature whatsoever
ARTICLE
These Articles OF Incorporation may be changed |
amended at any regular meeting of the Stock |
holders or any special meeting thereof called for
that purpose, by an affirmative vote of majority |
of the stock then issued
IN WITNESS WHEREOF, We have hereunto
set our hands and seals this OK dav of AnriI n |