Bisbee daily review., 1902-03-01
ARTICLES OF INCORPORATlON
The Nac0 Real Estate and Im-
 prOyemeut Company.

That the undersig ned inccrporators have associated themselves together for the pur- pose of becoming incorporated under the provisions of Chapter 2 of Title XII of the Revised Statutes of the Territory of Arizona and for said purpose do hereby make, adopt and ack nowledge the following Articles of Incorporation:
 ARTICLE l.
 The naue and residence of the incorporE- tors are: George s. Shibley, of Bisbee. Ari- zona; John ]. Newell, of Na"o, Arizona; John Hughes, of Bisbee, Arizona; M. w. Wan baugh, of El Paso, Texas; and B. ]. O'Reilly of aco, Arizona. The name of the corLorn- ton shall be "The Naco Real Estate and In . provement Company" and its principal place of transactins business shall be at the town of Naco, iu the county of Cochise, Territory D: Arizona; with such other branch offices in Arizona, or in other States, Territories, Districts and Countries as the Board of Di' rectors shall determine and the business of said corporation is to be conducted in Arl- kona and m such other States. Territories, Districts and Countries as the Board of Di- recoors shall determine.
 ARTICLE H.
 The general nature of the business pro- posed to be transaeted by the corporation is to buy, locate, sell. lease, bond and con yey, or otherwise to acquire, hold, improve and dispose of any aud all kinds of real ai personal property: To buy. or otherwise acquire aud lay out townsitesyand additions, and to lay out, establish and dedicate1streets alleys avenues sidew alks and park therein; to sell, lease, convey or otherwise dispose of such townsites and additions, or of any lots blocks, or other parts thereof or inter- ests therein: to buy, locate or otherwise to acquire water and water rights,-to buy, build lease or otherwise acquire and oper- ate water-works, ditohes, humes, wells. pipe lines and to furnish, distribute and sell. or otherwise dispose of water and water rights: to build or acauire. conduct and op- crate electric, gss, or other lighting works and systems, sewers, ice factories, telephone and telegraph systems, hotels and street railways; to buy, build or otherwise.acquire and to own, hold, sell. lease and convey, or otherwise dispose of houses or other struct- ures or improvements; to borrow money and execute mortgages or deeds of trust of any and all property of the conformation, 10 secure the Same, or to secure any debts, bonds or notes ot the corporation; to take and seauire by purchase. exchange, or other law ul means and to hold, sell, or other- wise dispose of the capital stock and bonds of this and other corporations, or any other corporation, and to deal in its own ca pita stock and bonds of all kinds; To hold, pnr- chase, or otherwise acquire, sell, assign, transfer, mortgage, pledge, hypothecate, or otherwise dispose of, shares of other corpo- rations, bonds, or ot her sidenees o( indebt- edness, created by any other corporation, or corporations, and while holder of such bonds to exercise all tn rights and privi- leges of ownership, including the right to vote the same, 10 the same extent that @ natural erson m might do; to act as fully In all matters of business as natural persons might or could do, and i,, any part Of the world, ito do any and everything necessary, suitable or proper for the accomplishment of any of the purposes, or the Q attainment of any one or more objects herein enumerated, or which at any time shall appear expcdient or useful or be deemed by the Board of Di' rectors for the protection. advantage or benefit of this corporation. and fin general to do and transact any business deemed wise by the Board of Directors, and to do and perform any and all acts not inconsistent with the laws of Arizona made and provided for the government of corporations.
 ARTICLE Ill.
 The amount of capital stock authorized is Three Hundred Thousand ls soO,Oool Dollars, divided into Sixty Thousand shares at the par value of Five Dollars (s5.00) each, which stock shall be paid iu money or property, at or before the Issue thereof, or at such times and upon such conditions as may hereafter be prescribed by the Roard of Directors
 ARTICLEIy.
 This corporation shall commence on the date of the filing of these articles of incorpo- ration for record in the office of the County Recorder of Cochise county, and shall ter minate at the expiration of Twenty-Five l25l years thereafter.
 ARTICLE
 The affairs of this corporation shall be conducted by Board of Directors. composed of Ave members who shall be stockholders of this corporation; and any person ceasing to be a stockholder shall thereupon cease 10 be a director. The Board of Directors shall be elected by the stockholders of the corpo- ration at a meeting which shall be held for that purpose ou the second Tuesday in Jan- uary. Is02, and on the second Tuesday Tn each year thereafter; and shall hold their office for the period of one year, and until their successors are elected. Any vacancy in the office of Director may be filled by the remaining Directors.
 The company shall also have such other officers to cond uct its affairs may be ap- pointed by the Board of Directors The Board of Directors may oppoint an agent oT attorney of the company, and may authorize him to Convey any and all property of the company, and to exercise any other bowel which the corpor ation itself, or its Direct ors can in any manner exercise, but the Board of Directors may emo ye such agent or attor' ney at any time.
 ARTICLE
 The total amount If indebtedness or Iia- bilities to which the said corporation may al any time subject itself to shall not exceed Ten Thousand Dollars tsi0,0Oo.)
 ARTICLE VII.
 | The stockholders of this corporation and their private property shall be exempt iron corporate debts.
 ARTICLE VIII.
 | The Board of Directors shall adopt By Laws governing this corporation, not in con 8ict with these articIes, and may alter o amend the same at any regular meeting, o any meeting called tor that purpose. l Witness our signatures this 1lth day O January, A. D. 1902.
 fsEAIl GEORGE L.SHlLBY,
 JOHN ]. NEWELL, JOHN HUGHES. NV. wAMBoUGH, B.. OREILLY. THE STATE OF TEXAS, ' COUNTY OF kL PAso | Before me, Mark Miller. @ Notary Public Il and for Fl Paso county, Texas. on this da. personally appeared N, W. Wambough