Bisbee daily review., 1902-02-27
ARTICLES OF RECOMMENDATION
OF The NacO Real Estate and lm- proyemeUt Company.

KNOW ALL MEN BY THESE PRESENT:
 That the undersig ned iuecrporators hay associated themselves together for the pu, pose of becoming incorporated under tn provisions of Chapter 2 of Title XII of tn Revised Statutes of the Territory of Arizon and for said purpose do hereby make, adop and acknowledge the following Articles O Interpretations:
 ARTICLE
 The name and residence of the incorpor l. tors are: George S. Shibey, of Bisbee, Ari zona; John J. Newell, of Na-o, Arizona; Joi | Hughes, of Bisbee, Arizona; NJ. W. Wan baugh, of El Paso, Texas; and B. J. O'Reily of Naco, Arizona- The name of the corr or a tion shall be "The Naco Real Estate and h.! provement Company" and its principal pls C, of transacting business shall be at the tow [ of Naeo, in the county of Cockise, Territory O: Arizona; with such other branch offices in Arizona, or in other States, Territories Districts and Countries ss the Board of Di rectors shall determine; and the business of said corporation is to be conducted in Ari- zona and m such other States, Territories, Districts and Countries as the Board of Di- recoors shall determine.
 ARTICLE II.
 The general nature of the business pro- 1 posed to be transacted by the corpora atiou | Is to huy, locate, sell, lease. bond and con. vey. or otherwise to acquire, hold, improve and dispose of any and all kinds of real a, d personal property: To bay. or otherwise acquire and lay out townsitessand additions, and to lay out, establish and dedicateSstrse alleys, avenues, sidewalks and park therein; to sell, lease, convey or otherwise dispose of such townsites and additions. or of any lnta sL< sL. 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, fumes, wells. pipe, lines. and to furnish. distribute and sell, or otherwise disTose of water and water rights: to build or acq uire. conduct and op. crate electric, gss, or other lighting works and systems, sewers, ice factories, telephone and telegraph systems, hotels and street railways; 10 buy, build. ov otherwise. acquire and to own, hold, sell, lease and convey, or otherwise dispose of houses or other struct- urcs, or Improvements; to borrow money and execute mortgages or deeds of trust of any and all property of the cordoration, 10 secure the same, or to secure any debts, l bonds or notes of the corporation: to take ! and acquire by purchase, exchange, or other ! lawful means, and to hold, sell or other wise dispose of the capital stock end bonds | of this and other "orporations, $, or apy other | corporat on, and to deal in its own ca pita | stock and bonds of all kinds: To hold, pur- chase, or otherwise acquire, sell. assign, transfer, mortgage, pledge, hypothecate, or dispose of shares of other corpo- rations, bonds, or other wider nces o( indebt- edness, created by any other corpor ation, or corporations, and while holder of such bonds, to exercise all tn rights and privi- leges of ownership, including the right to vote the same, to the same extent that a natural person might do; to act as fully in all matters of business as natural persons might or could do, and i,s any part of the worid,-to do any and everything necessary, suitable Or proper for the accomplis shment of any of the pu poses or the attainment of any one or more objects herein enumerated 1r which at any time shall appear expedieut 'r useful, or be deemed by the Board of Di. 'ectors for the protection, advantage or benefit of this corporation, and in general o do and transact any business deemed wise by the Board of Directors, and to do md perform any and all acts not incon sistent with the laws of Arizona made and provided or the government of corporations.
 ARTICLE III. The amount of capital stock authorized is Three Hundred Thousand l$ 2OO. O.OOOl Dollars, liyided into Sixty Thousand shares at the 'ar value of Five Dollars Cs5.0O) each, W which tock shall be paid iu money or property, at T before the Issue thereof, or at such times ! nd upon such conditions as may hereafter e prescribed by the Roard of Directors.
 ARTICLEIv. This corporation shall commence on the T ate of the filing of these articles of incorpo- t ation for record in the office of the County [ ,ecorder of Cochise county, and shall ter ' innate at the expiration of Twenty five [z5l ears thereafter. a
 ARTICLEv t The affairs of this corporation shall be F onducted by a Board of Directors, composed I five members who shall be stockholders c f this corporation; and any person ceasIng } be stockholder shall thereupon cease to J e a director. The Board of Directors shall 6 elected by the stockholders of the corpo- F ation at a meeting which shall be held for ,at purpose ou the second Tuesday in Jan ary. 1902. and on the second Tuesday in ach year thereafter; and shall hold their lice for the period of one year, and until reir successors are elected. Any vacancy in J ie office of Director may be filled by the ,maining Directors.
 The company shall also have such other hcers to conduct it's affairs as may be ap- - 'inted by the Board of Directors The C bard of Directors may oppoint an agent or . torney of the company, and may authorize m to convey any and all property of the mpany, and to exercise any other power hich the corporation itself, or its Directors n in any ma amer exercise, but the Board Directors may re move such agent or attor- ' y at any time.
 ARTiCLEyI c The total amount If indebtedness or Iia- lities to which the said corporation may at y time subject itself to shall not exceed n Thousand Dollars (si0,0Oo.)
 ARTICLE VII
 The stockholders of this corporation and cir private property shall be exempt from H' rporate debts. m
 ARTICLE VIII
 The Board of Directors shall adopt By. TVS governing this cor poration, not in ccn- ct with these articles, and may alter or nend the same at any regular meeting, or y meeting called tor that purpose. Witness our signatures this l4th day of nuary, A. D. 1902. r [sEALl GEORGE ASHLEY,
 JOHN J. NEWELL,
 JOHN HUGHES, 4,
 N W. WAMBoUGH
 B.J. oREILLY,
 THE STATE OF TEXAS, r
 COUNTY OF EL PAso