Bisbee daily review., 1902-02-26
ARTICLES OF INCORPORATION
The kaco Real Estate and I'm
 pr0vemeut Company.


  KNOW ALL MEN BY THESE PRESENT: That the undersigned inccrporators have associated themselves together for the pur pose of becoming incorporated under th' provisions of Chapter of Title XII of tb, Revised Statutes of the Territory of Arizona and for said purpose do hereby make, adop; and acknowledge the following Articles oi Incorporation:
 ARTICLE
 The name and residence of the incorpora- tors are: George S. Shibey, of Bisbee. Ari- zona; John J. Newell. of Naro, Arizona; John Hughes, of Bisbee. Arizona; M. W. Wam- baugh, of El Paso. Texas; and B. J. O'Reiily. of N Naco. Arixopa. The name of the corr ora ton shall be "The Naco Real Estate and Inn provement Company" and its principal place of transacting business shall be at the town of Naco, in the county of Cochise, Territory 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- 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- posed to be transaeted by the corporation is to buy, locate, sell, lease, bond and con vey. or otherwise to acquire. hold, improve and dispose of any and ali kinds of reak ar d personal property: To bny. or otherwise acquire and lay out townsitesland additions. and to lay out, establish and dedicateo ostree's alleys, avenues, sidewalks and park therein; ; to sell, lease, convey or otherwise dispose of such townsites and additions. or of an, lots blocks, or other parts thereof or inter- ests therein: to buy, locate or otherwise to acquire water and water rigbts,-to buy, build lease or otherwise acquire and oper- ate water-works, ditohes, hnmes, wells, pipe lines and to furnish, distribute and sell, or otherwise dispose of water and water rights: to build or aeq uire. conduct and op- crate electric, gss, or other lighting works 1 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, improvements; to borrow money and execute mortgages or deeds of trust of any and all property of tn, eordor ation, 10 secure the same, or to secure any debts, | bonds or notes of the corporation; to take and require by purchase, exchange, or other | lawful 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 10 deal in its own capi ia 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- rstions, bonds, or other evidences ot indebt- | 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 6 natural person might do; to act as fully in all matters of business natural persons might or could do, and ii, any part of the world,-t do any and everything necessary, suitable or proper for the accomplishment of any of the purposes, or the attainment of any one or more objects herein enumerated, or which at any time shall appear expedient or useful, or be deemed by the Board of Di. rectors for the protection, advantage or benefit of this corporation. and in general to do and transact any business deemed wise by the Board of Directors. and f. do and perform any and all acts not inconsisten mt with the laws of Arizona made and provided 1 for the government of corporations. ARTICLE III.
 | The amount of capital stock authorized is Three Hundred Thousand GssO0, 0,ooal Dollars. divided int O Sixty Thousand shares a. the par value of Five Dollars (s5.0O) each, ~hich stock shall be paid iu money or property, at l 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 Couniy y Recorder of Cochise county, aud shall ter minate at the expiration of Twenty-Five [e5l years thereafter.
 ARTICLEv,
 The affairs of this corporation shall be conducted by Board of Directors, com posed of Ave members who shall be st ckholders of this corporation; and any person eeasit 6 to be stockholder shall thereupon cease 10 be director. The Board of Directors shail be elected by the stockho'de rs of the eorpo- ration at a meeting which shall be held foI 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 oface of Director may be filled by the remaining Directors.
 The company shall also have such etbeI officers to conduct it's affairs as may be ap- pointed by the Board of Directors. The Board of Directors may oppoint agent or attorney of the company. and may authorize him to convey any and all property of the company, and to exercise any other powel which the corporation itself, or its Director can in any manner exercise, but the Board of Directors may remove such agent or attor ney at any time.
 ARTfCLEyI.
 The total amount of indebtedness or Iia- biiities to which the said corporation may s any time subject itself to shall not exceed Ten Thousand Dollars (si0,O0o) ARTICLE VII.
 The stockholders of this corporation ana 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 dict with these articles, and may alter o amend the same at any regular meeting, o any meeting called tor that purpose. Witness our signatures this 18th day o . January, A. D. 1902.
 [sEALl GEORGE l.. L.SHILBY, JOHNJ J. NEWELL,
 JOHN HUGHES, M W. wAMBoUGH,
 BJ O'REILLy,
 THE STATE OF TEXAS, ', COUNTY or EL PAso Before me, Mark Miller. a Notary Public ii and for Fl Paso county, Texas. on this da. personally appeared N, w. wambough knowu to me to be the person whose nam,