Deming graphic. (Deming, N.M.) 1903-1948, 1919-05-27
ARTICLES OF INCORPORATION or
THE CITIZENS OIL n GAS COM
PANY.


ARTICLE !. The name OF this cor
poration shall be the Citizens on &
ARTICLE 2. The names OF the in
corporators are q. r. Garnett. L. |. Gar
nett. Frank r. Everett. n. +. Chap
man and Sadie l.. Everett
ARTICLE g. This company shall
keep It's principal office at Deming
New Mexico land may keep other
Offices and places OF business at such
other places as the board OF directors
may designate). and the agent therein
and In charge thereof and upon whom
process may be served against the cor
poration is ~ +. Chapman.
ARTICLE 4. The amount of the cap
ltal stock OF this corporation shall be
two hundred thousand dollars (S20O,-
000.OO divided into two hundred thou
sand shares Of the par value Of one
dollar Gl) each, and said capital stock
shall be paid up at the date OF issu-
ance or at such time rs the board OF
directors may designate. I'm money,
property labor or any other valuable
right or hing and the judgment OF
the board OF directors as TO the value
thereof shall be conclusive The cap
ital stock so Issued shall he fully paid
and worcestershire. The amount Of
capital stock which with which II shall
he authorized to commence business is
two thousand dollars tS2.000.00). sub
scribed for rs follows: g. T. Garnett.
500 shares: l.. |. Garnett. 500 shares.
Frank Il. Everett. 500 shares. Sadie l..
Everett 500 shares. all of said share
holders or subscribers living AT Indian
OLA In Sunnower county, Mississippi,
and n. f. Chapman, 10 shares The
said n. +. Chapman living at Deming.
New Mexico.
ARTICLE 8. The general nature of
the business TO be transacted by this
corporation is ms follows: To pur-
chase, lease bond, locate or otherwise
acquire. own, exchange. develop, oper-
ate sell or otherwise dispose OF any
and all kinds of lands including oil.
gas. asphaltum. petroleum, coal. iron.
gold, silver, gypsum, copper, lead and
zinc properties, water and water
rights. IN this or any other state; To
buy. sell and to own stock In other
corporations: TO do n general real
estate and mercantile business: to con-
tract, equip, operate. own or lease tele-
phone and telegraph lines: TO CON
struct. maintain. own and operate pipe
lines: to construct and maintain wood
or iron tram ways or wagon roads In
cidental to its general business; To
erect, own, acquire, maintain and oper-
ate smelters. mills. refincrics, and man
ufactories OF any kind: to borrow
money ana execute mortgages or deeds
of trust TO secure the payment OF the
same; 10 make contracts acquire and
transfer property. possessing the same
powers In this respect as private indi-
viduals now enjoy; TO sue and be sued
by the corporate name, plead and be
implicated, appear answer or To pros
ecute In any and all courts OF Justice.
here and elsewhere. and In general to
do all things necessary to the proper
conduct OF the business OF this corpor-
alton In the state OF New Mexico and
elsewhere.
ARTICLE 6. The time OF the COM
mcncement of this corporation shall
be the date OF filing these articles of
Incorporation In the office Of the Cor
poration Commission at santa Re,
copy In the office Of the county
recorder OF Luna county. state Of New
Mexico. The term for which this cor
poration shall exist Is twenty-five
years from the date of its incorpora-
ton, with the privilege OF renewal as
provided by law.
ARTICLE Z. The Affairs OF this cor
poration shall be conducted by n
Board OF Directors, consisting OF not
less than three nor more than five
members. each OF whom shall be
stakeholder. and whenever director
ceases to be stakeholder. he shall nj
the same time cease to be director.
The directors shall be elected annually /
by the stockholders at their regular
annual meeting. which shall be held on
the third Tuesday OF June OF each
year, or on the next legal day there
after II said third Tuesday be n dies
non. as the bylaws shall provide,
which bylaws. when adopted by the
directors, may he altered. modified.
amended. changed or repealed, pro-
vided such alteration. modification.
amendment change or repeal be not
Inconsistent with the laws OF the
United States and OF the state OF New
Mexico, subject to the action OF the
stockholders thereon from time to time.
In accordance with law.
ARTICLE 3. The following named
persons shall constitute the first Board
OF Directors TO serve during the first
three months following the filing
hereof or until such prior time as
their SUCCESSORS are duly elected and
qualified, and shall serve as the officers
OF this company until their successors
shall be elected: @. T. Garnctt. l.. !.
Garnett. Frank T.. Everett and s l..
Everett All residents OF 1ndianola,
Sunfiower county Mississippi and ~
+. Chapman OF DeminE New Mexico.
Any vacancy occurring In the Board
OF Directors by death. resignation or
otherwise shall be filled by appoint
ment by the Board OF Directors and
when so filled he or they shall hold
office until their successor OF success
ors shall have been duly elected and
qualified. and a majority OF the Board
OF Directors shall constitute a quorum