Duncan Arizonian., 1912-07-03
Articles of Incorporation
of
Crescent Consolidated Oil
Company

KNOW ALL MEN BY THESE PRESENTS;
That wel whose names are affixed hereto, be-
ing desrous Of organizing corporation under the
laws of the State of Arizona, for the lawful en-
terprse business and occupation hereinafter
mentioned have this day associated ourselves to-
gether into body corporate and do hereby make
sign. acknowledge and adopt the following, Ar
ticles 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. Sorners
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 shall 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 III
| The time of the commencement of this Corpora
ton sh all be the date of the filing of a certified
copy of these articles of Incorporation in the Office
of the State Auditor of the State of Arizona. and
the recording thesame. The time of the termina-
ton of this corporation shall be twenty five years
and shall be renewed or extended for additional
periods of twenty five years each
ARTICLE "
| The general nature of the business proposed to
be transacted by this corporation is follows to-
wit: To purchase. locate, lease, bond 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
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 ditches 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
mortgage or trust deed upon any of the property
of this corporation, also to purchase acquire own
SELL pledge or otherwise dispose of stock of this
corporation as 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
| The authorized amount of capital stock of this
Corporation shall be Five Hundred Thousand (S50O-
O0000) Dollars, divided into five hundred thousand
shares 100000 of the par value of One ($l.OO
Dollar each. which stock may be issued in exchan-
ge for money, property services or the stock of
other corporations at such times and@pon such
terms and conditions as 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 (5) nor
more than nine (9) 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 on the second Monday of April in
each year hereafter, and they shall hold their of
fees until their successors are elected and qualif-
ed
ARTICLE VII
Any vacancy in the Board of Directors may
be filed by the remaining members of the said
Board by appointment from among the stockhold-
ers and such appointment shall be for the unex-
pred term for which the appointment is made
The Board of Directors shall have power to