Arizona republican., 1902-03-05
ARTICLES OF INCORPORATION

A UT | KNOW ALL MEN BY THESE, PRESENTS, That we. Siglnund E. Abeles and H. A. Kimball, both of Min neapols Minnesota, are desirous of forming corporation under and pur- suant to the laws of the Territory of Arizona, and to that end, we do make and execute these articles of incorpo- ration.
 The name of this corporation is and
 shall be the OREGON DEVELOP
 MENT COMPANY. H. It's principal office and place of busi- ness within the Territory of Arizona. shall be at Phoenix. Arizona. It shall also have and maintain an office and place of business at Minneapolis, Min nesota, where all meetings may, in the / discretion of the Board of Directors. be held, and all necessary or convenient business transacted. III. The time of the commencement of
 this corporation shaH be the date of the
 filing and recording of these articles as by law required. The corporation shall endure for the period of twenty-five (25) years, with privilege of renewal and extension of corporate franchise ffoan time to time thereafter as by law provided.
 This company may engage in and carry on mining, mercantile, trading manufacturing or transportation busi- ness, or may buy, sell and deal in real estate, water rights and franchises, and in addition thereto may engage In each and every business for which d corporation may be formed under the laws of the Territory of Arizona, and it shall have power to do and perform each and every thing suitable, neces- sary or convenient to the execution of the foregoing powers, and in addition thereto shall have all the powers granted by law to such corporation. "
 The capital stock of this corporation shall be one million fi-e hundred thou sand dollars ($1.500, 000), divided into 1.50O, 900 shares of the par value of one dollar ($10) each. All stock shall be | issued fully paid up and non assess able. The stockholders of this corpora l ton and their private property snail
 be exempt from all liability for or on 1 account of all debts or liability of this i corporation.
 |
 The highest amount of indebtedness or liability. direct or contingent, to
 which this corporation is at any time i to be subject shall not exceed the sum
 of two hundred fifty thousand dollars | ($25o, ,000),
 The management of this corporation i and its business shall be vested in a | Board of Five Directors, and in such agents, officers or committees as may | be by such directors chosen or appoint | ed, and said directors shall have power i to select from their own number an
 executive committee of three, to which l executive committee the Board of Di- 1 rectors may. in their discretion, con- init the management of the affairs or ! the corporation, and all things neces- ] sarv or convenient to be done when the 1 Board of Directors is not Tn session. i Directors shall be elected each year by i the stockholders at the annual meet ] ing. and shall hold office until their i successors are elected and qualified 1 The following shall act as directors un- l til the first annual meeting of this cor
 poration to-wit: Sigmund E. Abeles,
 A. S. Strauss, H A. Kimball, Everett 1 Brown. and Lee s. Ovitt. ! VIII.
 l The annual meeting and all special 1 meetings of stockholders of this corpo-
 ration shall be held at such time and place, and such notice thereof given,
 as may be by tho Board of Directors
 deemed proper.
 The Board of Dire tors shall have
 power to make and amend bylaws. These articles may be amended at any of he members. by the
 affirmative vote of majority of the stockholders.
 WITNESS OUR HANDS AND SEALS this 21st day of February, 1902 SIGMUND B. ABELES. (Seal)
 H. A. KIMBALL. (Seal) Signed in the presence of
 J. D. BRADFORD.
 G. F. MEIER.
 State of Minnesota.
 County of Hennepin, ss.
 Before me. d Notary Public within
 and for the County of Hennepin and State of Minnesota. on this day per
 sonally appeared Sigmund B. Abeles
 and H. A I[imball, known to me to be
 the persons whose names are sub scribed to the foregoing instrument.
 and acknowledged to me that they and
 each of them executed the foregoing in-
 strument for the purposes and consid-
 clations therein expressed, and ac-
 knowledged the same to be their free
 act and deed. and the free act and dced of each uf them.
 Given under my hand and seal of office this Fist day of February, 1902 (Seal) w. A. KERR, Notary Public. Hennepin County, Minnesota. My commission expires January 15,