Arizona republican., 1912-12-10

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, re- fineries and all properties, plants, works and materials that may be nc- 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.
 (kO To do any act or thing nee essary or appertaining 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 certfiate 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
 period not exceeding twenty-five
 years upon each renewal or such
 other period as may be hereinafter
 fixed by the laws of the State of
 Arizona in the manner provided by
 said laws.
 FOURTH: That the principal
 place of transacting business of said
 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 shall not be liable for the debts of the Corporation.
 SIXTH: The shares of the Capi- tai Stock shall be forever non-as- l sessabIe
 SEVENTH: That the amount of 1 the Capital Stock of said Corporation | is $75,00O and the number of shares into which it is divided is 75,000 of the par value of One Dollar (s1.0o) 1 each and said shares are to be paid for in cash or other property of | equivalent value upon the issuance thereof.
 EIGHTH: That the number of Di- ! rectors or Trustees of said Corpora i ton shall be five (5) and that the names and residences of the Direct i Ors or Trustees who are appointed i for the first year or to serve until l the election and qualification of l such officers, are as follows, to-wit: i Names Whose Residence is at
 BEN. F. WOOLNER Oakland, Cal. i H. E. SKINNER Oakland, Cal. | FRANK MITCHELL. Jr. Oakland, Cal. 1 GEO. R. BARTLETT Oakland, Cal. i A. F. TAYLOR Oakland, Cal. 1 NINTH: That the affairs of the 1 Corporation are to be conducted by ] the said Board of five Directors to | be elected annually on the first Mon 1 day after the first Monday in June l 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 l to be subject is the sum of Fifty | Thousand Dollars ($50.000.00). l ELEVENTH: That the amount of 1 the Capital Stock which has been ac- tually subscribed is the sum of Five l Dollars ($5.00) and the following are 1 the names of the persons by whom i the same has been subscribed, to- 1 wit: