Bisbee daily review., 1903-06-07

ated ourselves together for the pur- pose of forming a corporation under the laws of the territory of Arizona, and we hereby certify, acknowledge and adopt the following Articles of In corporation:
 ARTICLE I.
 The name of this corporation shall be and is the Higgins Development company.
 ARTICLE II.
 The principal place of business of ttis corporation shall be in the city of Bisbee, Cochise county, Arizona territory. It shall have an office at Houghton, Michigan, and shall have branch offices at such other places as it's board of directors may from time to time select.
 ARTICLE III.
 The general nature of the business pursuit and enterprise proposed to be transacted by this corporation is as follows:
 (a) To purchase or otherwise ac- qrire. own. hold, sell. bond rent, lease, mine and work mines and min. eIal lands and the products thereof.
 (b) To purchase or otherwise ac. quire. own. hold. sell, bond, rent, lease. and sub-let water. water rights, ma. chinery. supplies, materials and other articles necessary or convenient for use in connection with and in the car rying on of the business herein men. toned. or any part thereof.
 (c.) To purchase or other wise ac. quire. own. hold, sell, bond, rent, lease, sublet, maintain. manage or construct pipe lines, tracks, reservoirs, roads tramways, fumes, ditches, canals, em. bankments, telephone or telegraph lines, railroads and other works, prop erty or appliances, that may be incl dent or auxiliary to the main business Of this corporation. as set forth in sub division (a) herein above or that ma, be deemed necessary, expedient or useful or convenient to said main bus iress by the board of directors of thi; corporation.
 (d) To sell. convey, bond. lease mortgage or otherwise dispose of any and all of it's property of every char acter whatsoever.
 ARTICLE ".
 The amount of the capital stock O this corporation shall be Five Hundret Dc twenty-five years thereafter. Thousand dollars (S5OO, ,000.00) dividet into fifty thousand shares of the pa value of Ten Dollars (s1O.OO) each and the time when and the condition upon which said capital stock is to b. paid in shall be regulated and provid ed for by the board of directors.
 ARTICLE V. | The time of the commencement 0 this corporation shall be the date o the filing in the office of the audito Of the territory of Arizona, certifiei copy of these Articles of Incorpora ton, and the termination thereof shal
 ARTICLE VI. | The affairs of this corporation shal be conducted by board of directors consisting of not less than five per sons who shall be shareholders. Tn fir st directors shall be Nathan F. Leo opld. of Chicago. Illinois, John H. Rice of Houghton, Michigan, w. G. Rice, o Houghton, Michigan and Frank H Hereford and Seth E. Hazard, o Tucson, Arizona, who shall hold offic until the third Monday in May. 1905 and until their successors are eIecte, and qualify. Thereafter the director aI nually, at a stockholders meetini to be held at the office of the com pany on the third Monday of May, a ten o'clock, q. m., in each year, shal be elected and qualify for the term o office commencing on the third Mon day of May in each year. The boar