The History of the Standard Oil CompanyTarbell, Ida M. (Ida Minerva)
History
The History of the Standard Oil Company
Tarbell, Ida M. (Ida Minerva)
Petroleum industry and trade -- United States -- History; Standard Oil Company -- History
SEC. 2. That the stockholders of said company, by and with the
consent of the holders of not less than two-thirds of the shares of
stock, be and they are hereby authorised to change the name and
title of the said company and designate the location of its general
office, which changes shall be valid after the filing of a
certificate in the office of the secretary of the Commonwealth,
signed by the president, and attested by the seal of the said
company.
Approved the sixth day of May, 1871.
The Act incorporating the Pennsylvania Company, referred to above,
is the one that details the powers conferred on the incorporators.
An Act to incorporate the Pennsylvania Company:
SECTION 1. _Be it enacted by the Senate and House of Representatives
of the Commonwealth of Pennsylvania in General Assembly met, and it
is hereby enacted by the authority of the same_, That Andrew Howard,
J. S. Swartz, G. B. Edwards, J. D. Welsto, and J. P. Malin, their
associates, successors, and assigns, or a majority of them, be and
they are hereby authorised to form and be a body corporate, to be
known as the Pennsylvania Company, and by that name, style, and
title shall have perpetual succession, and all the privileges,
franchises and immunities incident to a corporation; may sue and be
sued, implead and be impleaded, complain and defend in all courts of
law and equity, of record and otherwise; may purchase, receive,
hold, and enjoy, to them, their successors, and assigns, all such
lands, tenements, leasehold estates and hereditaments, goods and
chattels, securities and estates, real, personal and mixed, of what
kind and quality soever, as may be necessary to erect depots, engine
houses, tracks, shops, and other purposes of the said corporation,
as hereafter defined by the second section of this act, and the same
from time to time may sell, convey, mortgage, encumber, charge,
pledge, grant, lease, sub-lease, alien, and dispose of, and also
make and have a common seal, and the same to alter and renew at
pleasure, and ordain, establish, and put in execution such by-laws
or ordinances, rules, and regulations as may be necessary or
convenient for the government of the said corporation, not being
contrary to the constitution and laws of this commonwealth, and
generally may do all and singular the matters and things which to
them shall appertain to do for the well-being of the said
corporation, and the management and ordering of the affairs and
business of the same:
_Provided_, That nothing herein contained shall be so construed as
to give to the said corporation any banking privileges or
franchises, or the privilege of issuing their obligations as money.
Public-domain text, read in full here on John Shaqi.
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