Arizona republican., 1912-12-07

 and to treat. refine, transport and dispose of the same and to acquire, maintain and operate pipe lines, re- fincries and all properties, plants, works and materials that may be ne- cessary or convenient thereto.
 tD 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.
 (b 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 ef- 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 q 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- sessable
 SEVENTH: That the amount of the Capital Stock of said Corporation is s15,O00 and the number of shares into which it is divided is 75,00O of the par value of One Dollar (s1.OOl | each and said shares are to be paid for in cash or other property of 1 equivalent value upon the issuance l thereof.
 EIGHTH: That the number of Di- | rectOrs or Trustees of said Corpora l tion shall be five (5) and that the ! names and residences of the Direct orS or Trustees who are appointed Tor the first year or to serve until the election and qualification of
 such officers, are as follows, to-wlt: | Names Whose Residence is at BEN, F. WOOLNER Oakland. Cal. 1 II. E. SKINNER Oakland, Cal
 FRANK MITCHELL. Jr- Oakland. Cal.
 GEO. R. BARTLETT Oakland. Cal.
 A r. TAYLOR Oakland. Cal. 1 NINTH: That the affairs Of the l Corporation are to be conducted by 1 the said Board of five Directors to
 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 1 or indirect or contingent to Whic!,
 the said Corporation is at any time
 to be subject is the sum of Fifty Thousand Dollars ($50.0O0.00) l ELEVENTH: That the amount of ! the Capital Stock which has been ac-
 tually subscribed is the sum of Five
 Dollars (s5OO) and the following arc the names Of the persons by whom the same has been subscribed. to. wit: