Bisbee daily review., 1902-03-09
ARTICLES OF RECONCILIATION
The Naco Real Estate and Im-
 prOyemeut Company.

| KNOW ALL MEN BY THESE PRESENT: | That the undersig ned incerporators hav associated the emselves together for the pur pose of becoming incorporated under th provisions of Chapter 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 Incorporation:
 ARTICLE
 1 The name and residence of the incorpora | tors are; George s. Shibley, of Bisbee, Ari Bona; John J. Newell. of Na"o, Arizona; Johi Hughes, of Bisbee, Arizona; M W. Wam baugh, of Bl Paso, Texa.; and B. J. O'Reilly | of Naeo, ArizoDa. The name of the corr ora | tion shall be The Naco Real Estate and Im provement Company" and its principal plac< of transacting business shall be at the towr of Naco, in the coupty of CocEise. Territory | 0: Arizona; with such other braach office, in Arizona, or in other States, Territories Districts and Countries as the Board of Di | rectors shall determine; and the business oi said corporation is to be conducted in Ari zona and m such other states, Territories D stricts and Countries as the Board of Di. recoors all determine.
 ARTICLE H.
 The general nature of the business pro- posed to be transacted by the corpor ation is to buy, locate, sell, lease, bond and con- vey, or otherwise to acquire. hold, improve and dispose of any and all kinds of real a' personal proper y; To boy. or otherwise acquire and lay nut townsites and additions. and to lay out, establish and dedicate streets alleys, avenues. sidewalks aud parks therein; ; to sell, lease, convey or otherwise dispose of such to~nsites and additions, or of any lots blocks. or other parts thereof or inter- ests ther ein to buy, locate or otherwise to acquire W ater 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 dispose of water and water rights: to build or aca uire. 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 acqu uire aud 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 tho conformation, to secure the same, or to secure any debts, 
 and acquire by purchase, exchange. or other lawful me ans, 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 ea pita stock and bonds of all kinds; To hold, pur- chase, or otherwise acquire, sell, assign, transfer, mortgage, pledge, hypothecate, or otherwise dispose of. shares of other corpo- .l. har yiI nf iu1Ahf. 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, to the same extent that a natural pc rson might do; to act ss fully in all matters of business as natural persons might or could do, and il. any part of the worid,-to do any and everything necessary, suitable or proper for the accomplishment of any of the pu poses. or the attainment of any one or more objects herein enumerated, or which at any time shall appear expedisnt or useful, or Do deemed by the Board of pi- rectors for the protection. advantage or benefit of this corporation, and in general to do and transact any basiness deemed wise by the Board of Directors. and tv do and perform any and all acts not inconsistent Wltn the ldNb Oi hTlEcud iuuut hho for the government of corpor rations.
 ARTICLE Ill.
 The amount of capital stock authorized is Three Hundred Thousand I$ 00,OcGl Dollars, divided into Sixty Thousand shares at the par value of Five Dollars e .00) each, which stock shall be paid in 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.
 ARTICLE
 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, aud shall ter mipate at the expiration of Twenty five l.5l years thereafter.
 ARTICLE
 The affairs of this corporation shall be conducted by Board of Directors. composed of Ave members who shall be st rckholders of this corporation; and any person ceasing to be 6 stockholder shall thereupon cease 10 be Q director. The Board of Directors shall be elected by the stock kho' 'ders of the corpo ration at a meeting which shall be held for that purpose on the second Tuesday in Jan. uary. 1902, and on the second Tuesday In each year thereafter; and shall hold their office for the period of one year, and until their successors are elected. Any vacancy in the ofice of Director may be filled by the remaining Directors.
 The company shall also have such other officers to conduct its affairs as may be ap- pointed by the Board of Directors. The Board of Directors may oppoint an agent or attorney ofthe company, and may authorize him to convey any and all property of the company, and to exercise any other power which the corporation itself, or its Directors ca iu any manner exercise, but the Board of Directors may re move such agent or attor- ney st any time.
 ARTiCLRvL
 The total amount ,f indebtedness or lia- btlities to which the said corporation may at my time subject itself. to shall not exceed Ten Thousand Dollars (si0,0oo.)
 ARTICLE VII.
 The stock holders of this corporation and their private property shall be exempt from corporate debts.
 ARTICLE VIII.
 The Board of Directors. shall adopt Bly, Laws governing this corporation, not in con- aict with these articles, and .may alter or amend the same at any regular meeting, or any meeting called for that purpose.
 Witness our signatures this 14th day Of Jsnuary. A. D. 1902.
 lsrAIl GEORGE L. SHELBY,
 JOHNJ. NEWELL,
 JOHN HUGHsS,
 Mw. wAMBOUGH,
 B.J. O'REILLY.
 THE STATE OF TEXAS,
 COUNTY OF EL PAso Before me. Mark Miller. a Notary Public in