The copper era and Morenci leader., 1920-06-18
STATE OF ARIZONA

office of said Arizona Corporation Commission on the 18th, day of May A. D. 1920, at 10:00 o'clock a. m., as provided by law
 In testimony whereof, The Arizona Corporation Confusion, by it's Chair man, has hereunto set it's hand and affixed it's official seal Done at the City of Phoenix, the Capital, this 18th day of May A. D. 1920.
 (SEAL)
 ARIZONA CORPORATION CON-
 MISSION
 Amos A. Betts,, Chairman Attest: A. E. Stelzer, Secretary ARTICLES OF INCORPORATION OF
 THE MORENCI OIL COMPANY
 Know all men by these presents, That we, the undersigned, have this day associated ourselves together 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 Articles of Incorpo- ration as follows:
 Article
 The name of this Corporation shal be THE MORENCI OIL COMPANY.
 Article II
 The principal place of business of this Corporation within the State of Arizona, shall be at Morenci, Greenlee County. and the principal place of transacting business outside of Ari zona shall be at Toyah State of Tex ! as, and at such other places as the Board of Directors may determine, where meetings of Directors riay be held and all business transacted. Article III
 The general nature of the business i proposed to be transacted is to ec- 1 quire by purchase or iease or other wise lands in the Reeves County oil | field of Texas, or any other locality for the purpose of prospecting for, and obtaining oil, gas, salt, sulphur or other minerals; and to that end to | drill, or cause to be drilled, oil wells, | or sink, or cause to be sunk, shafts for mining, and to buy, lease or other wise acquire drilling rigs or other machinery or apparatus necessary to 1 fully accomplish said purposes; and l if oil or other minerals are found, then to market the same to the best advantage. -.~, i4sr.f1 .> v 1-.' To engage in the transportation of oil, gas, salt, sulphur, or other min erals. either produced by this corpo- rauon or other persons or corpora tions, by means of pipe. lines, tram ways, railroads, boats, barges or other | conveyances or to lease or sublease all or any part thereof to other per sons or corporations for like purpose, ami, | older to fully carry ut said objects anu purposes, to puro ase, lease, or otherwise acquire, pipe lines, tramways, railroads, boats, barges tank cars, locomotives, pumping sta tions, steam plants, air-plants and all other machinery, apparatus and l ara- | phenalia necessary or incidental there to.
 To build. construct, lease, purchase or otherwise acquire buildings, machin cry and other apparatus for refining, smelling, manufacturing or otherwise working up the products of mineral lands, either produced by this corpor- l ation or other persons or corporations, and to refine. smelt manufacture or 1 otherwise work up the by-products of said minerals and to operate the said plant and market the products or by products as manufactured to the best advantage.
 To engage in a general oil or miner al brokerage business by buying, sell. i ing or otherwise trading in mineral lands or the products or by-products of mineral lands.
 To carry on such other business pre-. taining to oil. gas, sulphur or other minerals as may be found necessary or desirable or such as is generally en. gagged in by corporation of this kind.
 Article "
 The authorized amount of capital stock of this Corporation shall be Twenty Five Thousand ($25, 100000 Dollars, divided into One Thousand Q.000) shares of a par value of Twen- ty five (S25.00) Dollars each. At such times as the Board of Directors may by resolution direct, said capital stock shall be paid into this Corpora tion, either in cash or by the sale and transfer to it of real or personal prop erty, contracts, services, or any other valuable right or thing, for the use and purposes of said Corporation, in payment for which, shares of the cap- ital stock of said Corporation may be issued, and the cauital stock so issued shall thereupon and thereby become and be fully paid up and non-assess- able forever, in the absence of actual fraud in the transaction the judgment of the Directors as to the value of the property purchased shall be conclusive.
 Article V
 The time of the commencement of this Corporation shall be the date of the filing of certified copy of these Articles of Incorporation in the office of the Corporation Commission of Ari- zona, and the terminatiin thereof shall be twenty five years thereafter.