Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1918-11-26
Legal Advertising
ARTICLES OF INCORPORATION
THE COMMUNITY OIL & DEVELOP
MENT COMPANY.


THE COMMUNITY OIL & DEVELOP
MENT COMPANY.
KNOW ALL MEN BY THESE
That we, the undersigned,
have this day associated ourselves to-
gether for the purpose of forming a
under and pursuant to the
laws of the State of Arizona, and for
that purpose do hereby adopt ARTl-
Giles OF INCORPORATION AS FOL
LOWS:
ARTICLE I. The name OF this cor
poration shall be THE COMMUNITY
OIL & DEVELOPMENT COMPANY
ARTICLE II. The principa! 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
apolis, 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,
hypothecate, and deal in mines, mining
claims, minerals, mineral lands, coal
lands, oil lands, timber lands. real and
personal estate, water, water rights and
to work, explore, operate and develop
the same, and to extract any and all
minerals oils and gas therefrom, and
deal in the products and hy-products
thereof; to purchase, lease or other
wise acquire. erect, own, operate or sell
smelling and ore products works, oil
| refineries, saw mills and power plants,
| to do a general real estate, manufaC-
turing and mercantile business; to own,
handle and control letters, Datents and
| inventions and shares of its own cap1-
| tai stock and that of other corpora
lions, 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 sucf
acts and things and transact suct
business, not inconsistent with law, il
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 forty five THOUSAND
!, ($45,000) dollars, divided into nine hun
dred 5000 shares of the par value o
fifty $500 dollars each.
ARTICLE V. At such times as tn
Board of Directors may by resolution
direct, said capital stock shall be pai'
into this corporation, either in casl
| h,r he 10 FRO 1csfa n IL n
real or personal property, contracts
services or any other valuable RICH
or thing for the uses and purposes q
said corporation in payment for which
shares of the capital stock so issue
shall thereupon and thereby becom
? and be fully paid up and non assess
. able forever, and in the absence c
actual fraud in the transaction tn
judgment of the directors as to tn
. value of the property purchased sha
: be conclusive.
. ARTICLE VI. The time of the com
, mencement of this corporation shall /
: the date of the filing of certified cop
: of these Articles of Incorporation
the office of the Corporation Commits
t sion of Arizona. and the terminate
: thereof shall be twenty-five veal
thereafter. with the privilege of r.
newal as provided by law.
ARTICLE VII. The affairs of tn
/: corporation shall be conducted by
: Board of Directors, and such office
I as the directors may elect or appoin
and the following names shall const
; tute the Board of Directors until the
, successors arc elected and have quail
fled: John H. Morley, r. S. Brow
= f. X. Nordgren, Homer letters, Geori
n Roilke, F. J. Clifcorn and J. c. Germa
Thereafter the Board of Directors shf
$. be elected from among the stockholde
If at the annual stockholders meeting,
be held on the third Saturday of ia
uary of each year. The names of t
officers who shall have charge OF t
corporation affairs are: Presidel
- John H. Morley; Vice President r.
Brown; Secretary. F. K. Nordgre
Treasurer, Homer LETTERS.
- ARTICLE VIII. The Board of Dire
D tors shall have power to adopt a
e. amend bylaws for the government
IS. the corporation, to fill vacancies
If curing in the board from any eau
= and to appoint an Executive Commit
and vest said committee with su
powers as they may determine.
ARTICLE TX. The highest amoJ
of indebtedness or liability, direct
ne contingent. to which this corporate
Il shall be subject at any one time sh
L. be ten thousand 100000 dollars.
ARTICLE X. The private prope
- of the stockholders and officers of t
corporation shall be exempt from
49, corporate debts of any kind what!
ever.
ARTICLE HI The names. re
f. dences and postoffice addresses of
by corporators are:
n ]. c. German, Minneapolis, Mini
"a sofa, 6lS Boston Block.
.er Homer letters, Minneapolis, Min
OF sofa, 61S Boston Block.
r. F. X. Nordgren, Minneapolis, Min
lin sofa, SIS Boston Block.
av IN WITNESS WHEREOF, We HI
nv hereunto set our hands and seals
r. 18th day of June, 1918.
re ]. C. GERMAN (SeaD.
ed HOMER LETTERS (Sear
l. (SaoI