Bisbee daily review., 1902-03-06
ARTICLES OF iNCORPORATlDN
The Nac0 Real Estate and lm-
 prOvemeut Company.

KNOW ALL MEN BY THESE PRESENT:
 That the undersig gned incerporators have associated themselves together for the pur' po.e of becomiug incorporated under the provisions of Chapter 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
 The name and residence of the incorpora- tors are: George S. Shib,ey, of Bisbee, Ari. zona; John J. Newell. of Marc, Arizona; John Hughes. of Bisbee, Arizona; NJ W. wam- baugh, of kl Paso, rexa; and B. J. O'Rei.ly. of Naco, Arizo O. The name of the corr ora. ton shall be "The Naco Real Estate and I'm. provemeut Company" and its principal place of trapsacting business shall be at the. town of Aaco. iu the cou ty of Cocl ise, Territory o: Arizona; with such other braach offices in Arizona or in other States, Territories, Districts and Countries as the Board of pr rectors shall determine; and the business of said corporation is to be conducted in Ari- roma and ,p such other states. Territories, D stricts and Countries as the Board of Di- recoors shall determine
 ARTI LE II.
 The genera nature of the business pro- posed to be transatted by the corporation is to kuy, locate, sell, lease, bond and con vey, or otherwise to acquire, hold, imprnve and dispose of any and all kinds of real ar personal proper y; To boy. or otherw'se acquire and lay out townsites and coalitions, and to lay out, establish and dedicate streets alleys, avenues, sidewalks aud par ks therein; to SC T, lease, convey or otherwise dispose oi such townsite. and additions, or of any lots blocks. or other parts thereof or inter- ests the ein: to buy, locate or otherwise to acquire ater and water rights,-to buy. build lease or otherwise acqdire and oper- ate water-works. ditohes, tiumes wells, pipe lines, and to furnish, distribute and sell, or otherwise dispose o. water and water rights: to build or acq uire, conduct and ops 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 strnct. ures, or Improvements; to borrow money and execute mortgages or deeds Of trust of any and all property Of tn, cordoration. 10 secure the same, or to secure any debts' bonds or notes ot the corporationi to take
 
 law ful means. and to hold, sell, or other- wise dispose of the ca pitsl' stock end bonds of this and other corporation, or any other corporation and 10 deal in its own ca pita stock and bonds of all kinds; To hold, pur- chase, or otherwise acquire, sell. assign transfer, mort tgage, pedee, hypothece'e, or otherwise dispose of, shares of other corpo- rations. bonds, or other sidenres o( indebt- .lp Iy h rrn .yl corporations, and while holder of such bonds. to exercise all th rights and privi- leges of ownership, including the right to vote the same, to the same extent that a natural person m gh. do; to act as fully in all matters of business as natural persons might or could do, and l., any part of the world,-t do any ani everything necessary, suitable or proper for the accomplishment of sny of the pu poses. or the al ainmen of any one or more objects herein enumerated, or which at any tim- shall appear axp:dient or useful, or bc d. emed by the Board Of ii' rectors for the protection. advantage or benefit of this corporal on. nnd in general to do and transact any bdsiness deemed wise by the Board of Directors, and L. do and perform any and all acts not inconsistent wi-h the laws of Arizona made and provided for the government uf corporations.
 ARTICLE III.
 The amount of oapiral stock aurhorized Is Three Hundred Thousand lS 00,U2l Dollars, divided into sixty Thousand shares at the par value of Five Dollars 6 .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 ot Directors
 ARTICLE ".
 This corporation shall eomnence on the date of the filing of these articles of incorpo- ration for record in the ofdc ce of the Couafy Recorder of Cochise county, aud shall ter minate at the expiration Of Twenty-Five lE3i years thereafter.
 ARTICLEV
 The affairs of this corporation shaii be conducted by a Board of Directors. composed of five me embers who shzll be stockholders of this corporation; and any person ceasiDg to be q stockholder shnll 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 on the second Tuesday in Jan. uary. 1902. and on the second Tuesday In each year ther 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 conduct its affairs as may be app pointed by the Board of Directors. The Board of Directors may oppoint an agent or attorney of the 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 D in any manner exercise, but the Board of Directors may re move such agent or attor- ney at any time.
 ARTICLEyL
 The total amount If indebtedness or iia- bilities to which the said corporation may at any time subject itself to shall not exceed Ten Thousand Dollars (st0,0oo) ARTICLE VII.
 The stockholders of this corporation and their private property shall be exempt from corporate debts.
 ARTICLE VIII.
 The Board of Directors shall adopt Dy- Laws governing this corporation, not in CT h. dict with these artici.s, and may aiter or anne nd the same at any regular meeting, or any meeting called TOT that purpose. Witness our signatures this lith day of January, A. D. 1902.
 fsFAIl GEORGE L.SHlLBI, JOHNJ. NEWELL, JOHN HUGHES. NV. wAMBOUGH, BJ. OBEILLY. | THR STATPOF TEXASy