The Winslow mail., 1918-09-27
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 its
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 byproducts 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 busi-
ness of mining and the development
of mines and oil wells, and to bore fo1
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-
tions; to do a general manufacturing
and mercantile business; to own, hold
buy, sell, and generally to deal il
pipe lines and pipe line corporations;
to own, cancel and reissue shares of
its 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-
c1ary 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 Dlreo
tors may seem fit and for the advant
age of the corporation
ARTICLE III.
The amount of the authorized can.
ital stock Of the corporation is on,
hundred and fifty thousand (S15O,
Dollars, divided into one and half
million G,500,000) shares of stock of
the par value of ten cents each, which
shall 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 al
oar, and shall be worcestershire for
ever, and the judgment of the Direc-
,ors as to the value of any property.
light or thing acquired in exchange
sor capital stock shall be conclusive.
ARTICLE w.
The time of the commencement of
he corporation shall be the day these
articles are filed in accordance with
aw, and the termination thereof shall
twenty-five years thereafter, with
rivilege of renewal and right of per-
etual succession as now provided by
lW.
ARTICLE V.
The affairs of this corporation shall
administered by Board of not less
IAN three nor more than seven Di-
ectors, by whom a President and
'ice-President shall be elected, and a
ecretary and Treasurer appointed
he Directors shall be elected by and
rom among the stockholders at the
nnual meeting of the stockholders,
7hieh shall be held on the second Mon
ay in July of each year.
Until their successors are elected
nd qualified, the following named
ersons shall be the Directors:
w. G. Kelly of Winslow, Arizona
Fl. L. Pershing of Winslow, Ari.
,ona;
Walter Lyons of Winslow, Arizona.
AN lOLEI vi.
The Directors shall adopt bylaws
or the government of the corporation
nd may amend the same. They shall
ave full power to fill vacancies oc-
urring in the Board from any cause
nd to appoint from among their mum
er an Executive Committee which, to
lie extent provided by resolutions OF
Y the said bylaws, shall have and
Ierclse the powers granted the Di-
sctors by these Articles.
ARTICLE VII.
The highest amount of liability to
hich the corporation may become
inject shall not exceed two-thirds OF
le capitalization.
ARTICLE VIII.
The private property of the stock
olders of the corporation shall be for
YER exempt from liability for cor
orate debts of any kind whatsoever
Y WITNESS WHEREOF, we have
ereunto set our hands and seals this
5th day of August, 1918.
H. L. PERSHING,