The Winslow mail., 1918-08-30
ARTICLES OF INCORPORATION
OF WINSLOW OIL COMPANY.

purpose OF forming corporation un-
der the laws of the State of Arizona,
and to that end adopt the following
Article Of Incorporation:
ARTICLE /.
The name of the corporation is
WINSLOW OIL COMPANY, and it's
principal place of business in Arizona
is Winslow.
Offices may be established, business
transacted, and meetings of stockhold
ers and directors held at such places
within or outside the State of Arizona,
as the bylaws Of the company shall
provide.
ARTICLE II.
The general nature of the business
proposed to be transacted is to make
contracts; to purchase, lease, option,
locate, or otherwise acquire, own, eX-
change, sell or otherwise dispose of,
pledge, mortgage, hypothecate and
deal in mines, mining claims, mineral
lands, oil claims, oil lands, oil wells,
water and water rights, and other
property, both real and personal, and
to work, explore, operate and develop
the same, and to deal in the products
and by-products thereof; to purchase,
lease, or otherwise acquire, erect, own,
Operate and sell oil refineries, rail-
roads and tramways to lead from the
Company's principal works; to engage
in and generally to carry on the bust
ness of mining and the development
of mines and oil wells, and to bore for
and produce, refine, manufacture,
pipe, store, buy and sell petroleum,
naptha, gas, and all other minerals
and mineral. products; to buy, sell,
own, hold, lease, mortgage, and gen
orally to deal in real estate of every
KIND and character; to own, handle
and control letters patent and inven-
tons; to do general manufacturing
and mercantile business; to own, hold,
buy, sell, and generally to deal in
pipe lines and pipe line corporations:
to own, cancel and reissue shares of
it's own capital stock and to own and
vote shares of other corporations: to
issue bonds, notes, 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 fidu-,
clary capacity, and to borrow and loan
money; to do and perform such acts
and things and transact such business
not inconsistent with law, in any part
OF the world, as to the Board of Direc-
TORS may seem fit and for the advant-
age of the corporation.
ARTICLE III.
The amount of the authorized cap-
1tal stock OF the corporation is one
hundred and fifty thousand ($15O,0OO)
Dollars, divided into one and a half
million q ,5Q0,000) shares of stock of
Cne par value OF ten cents each, which
snail be paid in at such time as the
Board of Directors may designate, in
cash, real or personal property, serv-
Ice, lease, option to purchase, or any
other valuable right or thing, for the
uses OF the corporation, and all shares
OF capital stock, when issued in ex-
change therefor, shall thereupon and
thereby become and be fully paid the
same as though paid for in cash at
par, and shall be worcestershire for
ever, and the judgment of the Direc-
tors as to the value of any property,
right or thing acquired in exchange
for capital stock shall be conclusive
ARTICLE ".
The time of the commencement of
the corporation shall be the day these
Articles are filed in accordance with
law, and the termination thereof shall
be twenty-five years thereafter, with
privilege of renewal and right of per-
petual succession as now provided by
law. .ls
ARTICLE V.
The affairs of this corporation shall
be administered by a Board of not less
than three nor more than seven Di-
rectors, by whom a President and
Vice-President shall be elected, and
Secretary and Treasurer appointed.
The Directors shall be elected by and
from among the stockholders at the
annual meeting of the stockholders,
which shall be held on the second Mon
day in July of each year.
Until their successors are elected
and qualified, the following named
persons shall be the Directors:
w. G. Kelly of Winslow, Arizona;
H. L. Pershing of Winslow, Ari-
IONA;
Walter Lyons of Winslow, Arizona.
ARTICLE vi.
The Directors shall adopt bylaws
for the government of the corporation
and may amend the same. They shall
have full power to fill vacancies oc-
curing in the Board from any cause,
and to appoint from among their num-
ber an Executive Committee which, to
the extent provided by resolutions or
by the said bylaws, shall have and
exercise the powers granted the Di-
rectors by these Articles.
ARTICLE VII.
The highest amount of liability to
which the corporation may become
subject shall not exceed two thirds of
the capitalization.
ARTICLE VIII.
The private property of the stock
holders of the corporation shall be for
ever exempt from liability for cor
porate debts of any kind whatsoever.
IN WITNESS WHEREOF, we have
hereunto set our hands and seals this
18th day of August, 1918.
TT r, PERSHTNG