Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1918-11-27
ARTICLES OF Incorporation
OF
THE COMMUNITY OIL & DEVELOP.
MENT COMPANY

The COMM UNITY OIL & DEVELOP
MENT COMPANY.
KNOW ALL MEN BY THESE
PRESENTS, That we, the undersigned,
have this day associated ourselves to-
gether for the purpose of forming a
corporation under and pursuant to the
laws of the State of Arizona, and fol-
that purpose do hereby adopt ARTI-
Giles OF INCORPORATION AS FOL-
LOWS:
ARTICLE 1. The name of this cor
poration shall be THE COMMUNITY
OIL & DEVELOPMENT COMPANY.
ARTICLE II. The principal place OF
business f this corporation within the
State of Arizona, shall be at Phoenix,
in Maricopa County, Arizona, and the
principal place of transacting business
outside of Arizona, shall be at Mime
apo1s, Minnesota, and such other
places as the Board of Directors may
determine, where meetings of Directors
may be held and all business trans
acted.
ARTICLE III. The general nature
of the business proposed to be trans
acted is to make contracts; to pur-
chase, lease, option, locate, or other
wise acquire, own, exchange, sell, or
otherwise dispose of, pledge, mortgage,
claims, minerals, mineral lands, coal
lands, oil lands, timber lands. real and
personal estate, water, water rights ana
to work, explore, operate and develop
the same. and to extract any and all
1 minerals oils and gas therefrom, and
deal in the products and by-products
| thereof; to purchase, lease or other
wise acquire, erect, own, operate or sell
smelling and ore products works, oil
refiDeries, saw mills and power plants;
to do a general real estate, manufac-
turing and mercantile business; to own,
handle and control letters, patents and
| inventions and shares of its own capt.
tai stock and that of other corpora
tons, and to cancel and reissue shares
of its own capital stock: to issue bonds,
| notes, debentures and other evidences
of Indebtedness, and to secure the pay
ment of the same by mortgage, deed
of trust or otherwise; to act as agent,
trustee, broker or in any other fiduciary
capacity; to borrow and loan money;
and in general to do and perform such
acts and things and transact such
| business, not inconsistent with law, in
any part of the world as the Board of
Directors may deem to the advantage
of the corporation.
! ARTICLE ". The authorized
| amount of capital stock of this cor
poration shall be torty-five thousand
| ($45,000) dollars, divided into nine hun
dred (900) shares of the par value OF
fifty (s50) dollars each.
| ARTICLE V. AT such times as the
Board of Directors may by resolution
direct, said capital stock shall be paid
into this corporation, either in cash
or by the sale and transfer to it OF
real or personal property, contracts
| services, or any other valuable right
or thing for the uses and purposes OF
said corporation in payment for which
shares of the capital stock so issued
shall thereupon and thereby become
and be fully paid up and non assess
able forever, and in the absence oil
actual fraud in the transaction the
| judgment of the directors as to the
value of the property purchased shall
| be conclusive.
ARTICLE VI. The time of the com
mencement of this corporation shall be
the date of the filing of certified copy
of these Articles of Incorporation III
the office of the Corporation Commits
sion of Arizona, and the termination
thereof shall be twenty-five years
thereafter. with the privilege of re-
newal as provided by law.
ARTICLE VII. The affairs of this
corporation shall be conducted by 4
Board of Directors. and such officers
as the directors may elect or appoint
and the following names shall conSti-
tute the Board of Directors until then
successors are elected and have quail
fled: John II. Morley, r S. Brown
+. X. Nordgren, Homer letters, George
Roilke, +. J. Clifcorn and J. c. German
Thereafter the Board of Directors shall
be elected from among the stockholder'
at the annual stockholders meeting, t.
be held on the third Saturday of Jan.
uary of each year. Tie names of thu
officers who shall have charge Of tn,
corporation affairs are: President
John H. Morley; Vice President R.
Brown; Secretary. +. K. Nordgren
Treasurer, Homer LETTERS.
ARTICLE VIII. The Board of Direc
tors shall have power to adopt ant
amend bylaws for the government o
the corporation, to fill vacancies oc
curing in the board from any Gauss
and to appoint an Executive Committe
and vest said committee with sucl
; powers as they may determine.
ARTICLE X. The highest amour
of Indebtedness or liability, direct o
contingent, to which this corporation
shall be subject at any one time shall
be ten thousand (s10,000l dollars.
ARTICLE Y. The private propert
of he stockholders and officers of TIL
corporation shall be exempt from al