Williams news., 1921-06-17

transportation of oil, gas or any
 minerals of any character or
 kind, either produced by this
 corporation or by other persons
 or corporations, by means of pipelines, tramways, railroads,
 boats, bargeS or other convey
 ances, and in order to fully car ry out said objects and purpos-
 es, to purchase, build, lease or otherwise acquire pipelines, tramways, railroads, boats, barges, tank cars, locomotives, pumping stations, steam plants, air plants, and all other ma chlnery, apparatus and para phernalia necessary or inciden- tai thereto.
 Third: To build, construct, lease, purchase or otherwise ac- quire, buildings, machinery, real estate and other apparatus for refining, smelting, manufac- turing or otherwise working up the products of mineral lands either produced by this corpor- ation or other persons or cor poratiOns, and to refine, smelt, manufacture or otherwise work upthe products and by-products of said oils or other minerals, and to operate the said plant or plants and market the pro- ducts or by-products as manu- factured to the best advantage.
 Fourth: To engage in gen. eral oil or mineral brokerage business by buying, selling or otherwise trading in oil lands, or by-products of oil or mineral lands.
 Fifth: To carry on such oth- CT business pertaining to oil, gas, or any other minerals of any kind or character, as may be found necessary or desirable or incidental to the foregoing.
 Sixth: To acquire by pur- chase or otherwise, to hold and to dispose of, the stocks, bonds, notes or evidence of indebted ness of any person or corporat- ion, including this corporation.
 Seventh: To do any and all things that a natural person could do that are in any wise connected with or incidental to any of the foregoing enumer- ated powers.
 ARTICLE W
 The capital stock of this cor poration is hereby fixed at Two Hundred Fifty Thousand (S25O,O0OO Dollars, divided in- to Two Thousand Five Hun dred shares of the par value of One Hundred ($1OO.OO) Dol lars each. At such times as the Board of Directors may by reso- lution 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 property, contracts, services, or any other value, | right or thing, for the use and purposes of said corporation, iA payment for which shares of | the capital stock of this corpor- ation may be issued, and the capital stock so issued shall | thereupon become and be fully paid up and nonassessable for ever, and in the absence of ac- tual fraud in the transa ction, the judgment of the Directors as to the value of the property purchased shall be conclusive.
 ARTICLE V
 The time of the commence ment of this corporation shall be the date of the filing of these Articles of Incorporation in the office of the Corporation Commission of Arizona, and the termination thereof shall be twenty-five years thereafter, with tke privilege of renewal as provided by law.
 ARTICLE VI
 The affairs of this corpora tion shall be conducted, by Board of Directors consisting of not less than three nor more than nine directors, and such officers as the directors may elect or appoint, and until oth- erwise changed by bylaws to be adopted, there shall be five directors, and the following named shall constitute the