Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1918-11-29
ARTICLES OF INCORPORATION


ARTICLES OF INCORPORATION
OF
THE COMMUNITY 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 for
that purpose do hereby adopt ART1-
Giles OF INCORPORATION AS FOL-
LOWS:
ARTICLE I. The name of this cor
poration shall be THE COMMUNITY
OIL & DEVELOPMENT COMPANY.
ARTICLE II. The principal place of
business # 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 ana
to work. explore, operate and develop
the same, and to extract any and all
minerals oils and gas therefrom, and
dn0l il, h.
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, patents and
inventions and shares of its own capl-
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 forty five thousand
($45,000) dollars, divided into nine hun
dred 5000 shares of the par value OF
fifty $500 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 casl
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 ol
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 O.
actual fraud in the transaction tn,
judgment of the directors as to tn,
value of the property purchased shall
! be conclusive.
ARTICLE VI. The time of the com
mencement of this corporation shall b.
the date of the filing of certified copy
of these Articles of Incorporation il
the office of the Corporation Commits
sion of Arizona, and the termination
thereof shall be twenty-five year:
thereafter, with the privilege of re
newal as provided by law.
ARTICLE VII. The affairs of thi
corporation shall be conducted by ;
Board of Directors, and such officer
as the directors may elect or appoint
and the following names shall constl
tute the Board of Directors until thel
successors are elected and have quail
fled: John H. Morley, r. S. Brown
i. X. Nordgren, Homer LETTERS, Georg
Roilke, F. ]. Clifcorn and ]. G. German
| Thereafter the Board of Directors shall
be elected from among the stakeholder
at the annual stockholders meeting, L
be held on the third Saturday of Jan
uary of each year. The names of tn
officers who shall have charge OF tn
corporation affairs are: President
John H Morley; Vice President, R.
Brown; Secretary. F. K. Nordgren
! Treasurer, Homer LETTERS.
ARTICLE VIII. The Board of Direc
tors shall have power to adopt an
amend bylaws for the government 0
the corporation, to fill vacancies oc
curing in the board from any caus,
and to appoint an Executive Committe
and vest said committee with sue
powers as they may determine.
ARTICLE IN. The highest amour
of Indebtedness or liability, direct o
contingent, to which this corporatio
shall be subject at any one time sha
be ten thousand 100000 dollars.
| ARTICLE X. The private propert
of the stockholders and officers of TIL
corporation shall be exempt from a
corporate debts of any kind whatso
ever.
ARTICLE XI. The names. resi-
dences and postoffice addresses of tn
corporators are:
j.. C. German, Minneapolis, Mime
sofa, 618 Boston Block.
Homer LETTERS, Minneapolis, Mime
sofa, 6lS Boston Block
F. X. Nordgren. Minneapolis. Mime
sofa. 6lS Boston Block
| IN WITNESS WHEREOF. We hav
hereunto set our hands and seals tn,
18th day of June, 1918.
J. c. GERMAN (SeaD.
HOMER JEFFERS (SeaD.
F. K. NORDGREN (SeaO.
STATE OF MINNESOTA, COUNT
OF HENNEPIN, IS:
Before me. Chester G.. Rogers,