The border vidette., 1903-07-11
ARTICLES OF INCORPORATION
''MAGDALENA EXPLORATION AND DE
 VELOPMENT COMPANY"
OE THE

KNOWN ALL MEN BY THESE PRE- SENTS:-That We, William Schuck mann, F. M. Hummel, P. H. Cornell, and A. M. Carter, all of Nogales, Santa Cruz County, Arizona Territory, whose names are hereuntO subscribed, have this day associated ourselves together for the purpose of forming a corpor- atiOn under the laws of the Territory of Arizona, and to that end we hereby certify.
 First-That the name of this corpor- ation shall be: ''MAGDALENA FIX PLORATION AND DEVELOPMENT COMPANY. ''
 Second-That it's principal place of business shall be at the Town of Noga- les, Santa Cruz County, Arizona Terri tory, with branch offices at such other places as the Board of Directors may from time to time determine.
 Third-The amount of the authorized capital stock of this corporation shall be the sum of Seven Hundred and Fifty Thousand Dollars, (S750, GOO .O0,) di- vided into One Hundred and Fifty Thousand (150,000) shares. of the par value of Five Dollars (S5 00) each. to be fully paid up at the time of issuing thecertificate thereof, and shall be nonassessable.
 Fourth The time of the commence ment of this corporation shall be the date of the filing of these Articles of Incorporation in the office of fhe Auditor for the Territory of Arizona, and its termination shall be twenty-five t25l years thereafter from said date.
 Fifth-The affairs of this corporation shall be conducted by Board of Three (3) Directors, or more, at the option of the stock holders, and shall be elected a mn Il1 meeting. Each director shall be stockhOlder, and whenever any director ceases to be a stock holder, he shall at the same time cease to be director. The directors shall hold office until their successors are elected and qualified. The first annual meeting of stockhold CTS shall take place on the First Thurs day in June, 1904, and until such first annual meeting, the incorpOratorG here- of shall constitute the Board of Direc- tors of this corporation. Annual meet lngs thereafter shall be held on the First Thursday of June in each year.
 Sixth-The officers of this corpor- alton shall be president, a vice-presi- dent, secretary, treasurer, and gen. eral manager, and the president and vice. president shall be stock holders; All officers shall be elected by the Board of Directors. and two offices may be
 
 of Directors shall have the power to fill any vacancy on said board.
 SeVenth-The general nature of the business to be transacted by this cor poration is:
 The acquiring of title to mines and mining properties, mills, real estate, personal property, and all other prop erty of whatsoever nature, req uisite and necessary to the transaction of its business; to work, dispose of, and deal in the same, and in the products there of; to carry on a general merchandise business, and to that end to deal in any and all commodities of every kind conducive to the successful conduct of said business; to purchase, own. hold, control, and deal in the shares and pro- perties of other companies and corpor- ations; and generally to do all things necessary, requisite, and lawful in and about the prosecution of all the busi- ness aforementioned
 Eighth-The highest amount of in- debtedness or liability to which this is at any time to subject itself, either direct or contingent, shall,