Bisbee daily review., 1902-03-02
ARTICLES OF INC0RPORATlOl;
The Nac0 Real Estate and Im-
 prOvemeut Company.

, KNOW ALL MEN BY THESE PRESENT: That the undersigned inccrporators have associated themselves together for the pur pose of becoming incorporated under the provisions of Chapter of Title XII of the Revised Statutes of the Territory of AriEonu and for said purpose do hereby make, adopt and aek nowledge the following Articles Of Incorporation:
 ARTICLEI
 The name and residence of the incorpora tors are: George s. Shibley, of Bisbee, Ar zona; John J. Newell, oi Naro, Arizona; Joi II Hughes, of Bisbee, Arizona; NJ. w. Wsm- baugh, of El Paso, Iexa,; and B. J. O'Reill. of taco, Arizora. The name Of the corr or n- ton shall be "The Naco Real Estate and h. proyemeut Company, |" and it's principal plaet of transacting business shall be u,t the tow h of Naco, in the county of Coct ise, rerritoI } Q: Arizona; with such other braneh 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- 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 transacted by the corpor atiou is to tuy, locate, sell, lease. bond and con yey, or otherwise to acquire. hold, improve and dispose Of any and all kinds of real ai d personal proper y: To buy. or otherwise acquire and lay out towbsitesiand additions. and to lay out, establish and dedicatesstreets alleys. avenues sidew walks and parks therein; {; to seI lease convey or otherwise dispose of ,uch towusites and additions. or of any lot. blocks, or other parts thereof or Inter- ests the ein: to buy, locate or otherwise to acquire VI water and water rights,-to buy, build lease or otherwise acquire and oper- ate water-works. ditohes, fiunies, wells. pipe lines and to furnish, distribute and sell, or otherwise dispose 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. or otherwise.acquire and 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 the cordoration, 10 secure the same, or to secure any debts' bonJs or notes ot the corporation; to take and reauire by purchase. exchange, or other layful meau. and to hold, sell, or other wise dispose of the capital stock and bonds of this and other corporations, or any other 10 deal in it's own GU pita stock and bonds of ali kinds; To hold, p"r- chase, or otherwise acquire, sell assign, transfer, mortgage, pledge, hypothecate, or otherwise dispose of, shares of other corpo- ratious bonds or other ' evidences o( indebt- edue.s created by any other corporation or curporations, and while holder ofs such bonds. to exercise all tn rights and privi- leges of ownership, including the right to vote the sarne to the same extent that natural person light do; to act as fully In all matters of business as natural persons nigh, or could do, and i,s any part oi the world,-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 expcdient or useful, or be deemed by the Board ot 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 to do and perform any and all acts not inconsistent with the laws of Arizona made and provided for the government of corporations
 ARTICLE h.
 The amount of capital stock authorized is Three Hundred Thousand Is0o,oool Dollars divided into Sixty Thousand shares at the par value of Five Dollars (s'.0o) each, which stock shall be paid in money or property, at or before the issue thereof, or at such times aud 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 iu the office of the County Recorder of Cochise county, aud shall ter minate at the expiration of Twenty-Five lZ5i years thereafter.
 ARTICLE
 The affairs of this corporation shall be cond ueted by Board of Directors, composed of five mem bers W ho shall be stockholders of this corporation; and any person ceaslng to be q stockholder shall thereupon cease to be a director. The Board of Directors shall be elected by the stockholders of the eorpo- ration at a meeting W hich shall be held Tor that purpose on the second Tuesday in Jam uary 1909. and ou the second Tuesday Tn each ear theI eaiter; and shall hold their o lice for the period of one year. and until their successors are elected. Any vacancy Tn the office of Director may be filled by the Directors. The company shall also have such other officers to cond uct its affairs as may be ap- 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 W which the corporation itse;f, or its Directors ca in any manner exercise, but the Board of Directors may re move such agent or attor- ney at any time.
 ARTICLE VL
 The total amount If indebtedness or Iia- biiities to which the said corporation may at any time subject itself to shall not exceed Ten Thousand Dollars (st0,Ooo.)
 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 By. Laws governing this corporation, not in com aict with these articles, and may alter or amend the same at any regular meeting, or any meeting called TOT that purpose.
 Witness our signatures this Iith day of January, A. D. 1902.
 IsEALl GEORGE ASHLEY,
 JOHN ,. NEWELL,
 JOHN HUGHES,
 NV wAMBoCGH,
 B.J VREILLY,
 THE STATE OF TEXAS,
 COUNTY OF EL PAso R.fore me Mark Miller, a Notary Public in