Arizona republican., 1918-11-24
ARTICLES OF INCORPORATION
 OF THE COMMUNITY OIL LAND COMPANY


 KNOW ALL MEN BY THESE PRESENTS, That we, the undersigned, have this day associated ourselves ro- 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 ARTI- GILES OF INCORPORATION as fol- lows:
 ARTICLE I. The name of this cor poration shall be THE COMMUNITY OIL LAND COMPANY.
 ARTICLE H. The principal place oi business of 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 Minne- 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 transacted is to make contracts; to purchase, lease, option, locate, or otherwise ac- quire, own, exchange, sell, otherwise dispose of pledge mortgage hypothe- cate and oeal in mines mining claims, minerals, mineral lands, coal lands, oil | lands, timber lands, real and personal estate, water, water rights, and to worh , explore, operate and develope the same and to extract any and all minerals, oils and gas therefrom, and deal in the products and by-products thereof; to purchase, lease or otherwise acquire, erect, own, operate or sell Smelting and ore reduction works, oil refineries, saw mills and power plants; to do general | ,frx cantile business; to own, handle and control letters patent and inventions and shares of it's own capital stock and that of other corporations, and to cancel and reissue shares of it's own | capital stock; to issue bonds, notes, debentures and other evidences of in | debtedneSS and to secure the payment of the same by mortgage, deed of trust, | or otherwise; to act as agent, trustee 3, l broker or in any other flduciary ca pacity; 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 cor poration.
 | ARTICLE ". The authorized amount of capital stock of this cor l pOTallOn SIldll De lOfly-llNt liouodHu | ($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, serv- l ices, or any other valuable right or thing for the uses and purposes of said corporation, in payment for which shares of the capital stock of said cor poration may be issued, and the capital stock so issued shall thereupon and therSby become and be fully paid UT and non -assessable forever, and in the absence of actual fraud in the trans action the judgment of the directors as to the value of the property pur- chased shall be conclusive.
 ARTICLE VI. The time of the com mencement of this corporation shall be
 the date of the filing of a certified
 copy of these Articles of Incorporation
 in the office of the Corporation Com
 mission of Arizona and the tcrrlina