Arizona republican., 1912-12-03

own, sell, lease, deal in, develop and operate oil claims, lands and wells and to treat, refine, transport and dispose of the same and to acquire, maintain and operate pipe lines. fineries and all properties, plants, works and materials that may be ne- cessary or convenient thereto.
 CD To acquire buy, own sell lease construct, manage and operate roads and lines for the transmission of electrical energy and all other public and private improvements.
 (tD To do any act or thing nec- essary or appertainng to the trans action of any or all of the said bus mess and to carry on and transact any and all other kinds of business to the same extent, purpose and eff feet as the same or any part thereof could be done by a natural person. THIRD: That said corporation is to commence on the date of the is | suance to it of a certifiate of incor- poration by the Arizona Corporation Commission and to terminate 25. years from said date, subject to be renewed from time to time for d period not exceeding twenty five years upon each renewal or such other period as may be hereinafter l fixed by the laws of the State of Arizona in the manner provided by said laws.
 1 FOURTH: That the principal place of transacting business of said l Corporation shall be the City of | Phoenix, County of Mariopa, State of ] Arizona, and the principal place of business of said corporation in the State of California, shall be the City
 of Oakland, County of Alameda, State
 of California, and all meetings of
 the Board of Directors and Stock
 holders of said Corporation shall be had in said City of Oakland, County
 of Alameda, State of California. FIFTH: Private property of
 stockholders shall be exempt from cor
 porate debts and the Stockholders
 the Corporation.
 l SIXTH: The shares of the Capi-
 tai Stock shall be forever non-as- sessable
 SEVENTH: That the amount of
 the Capital Stock of said Corporation
 is $75,00O and the number of shares
 into which it is divided is 75,OOO of
 the par value of One Dollar ($1.0O)
 each and said shares are to be paid
 for in cash or other property of
 equivalent value upon the issuance 1 thereof.
 EIGHTH: That the number of Di- rectors or Trustees of said Corpora
 tion shall be five (5) and that the names and residences of the Direct , ors or Trustees who are appointed ; for the first year or to serve until the election and qualification of such officers are as follows, wit: 5 Names Whose Residence is at BEN, F. WOOLNER Oakland, Cal. 9 H. E. SKINNER Oakland. Cal. FRANK MITCHELL, Jr Oakland, Cal 9 GEO. R. BARTLETT Oakland. Cal . A F. TAYLOR Oakland, Cal NINTH: That the affairs of the : Corporation are to be conducted by ] the said Board of five Directors to 2 be elected annually on the first Mon day after the first Monday in June . of each year.
 TENTH: That the highest amount
 of indebtedness and liabilities, direct
 or indirect or contingent to which
 the said Corporation is at any time
 to be subject is the sum Of Fifty
 Thousand Dollars ($50,000.0O.
 ELEVENTH: That the amount Of
 the Capital Stock which has been ac-
 tualIy subscribed is the sum of Five
 Dollars (s5.O0) and the following are = 1 the names of the persons by whom the same has been subscribed, to- 2 wit: