Arizona republican., 1903-03-12
ARTICLES OF INCORPORATION
 OF THE SINALOA-CHIHUA RAIL- WAY AND SIMPLIFYING
 COMPANY

KNOW ALL MEN BY THESE PRESENTS: That we, whose hands are hereunto affixed, do hereby asso- ciate ourselves together for the purpose of forming a corporation under the laws of the Territory of Arizona, and to that end mako She following statement:
 FIRST: The names of the corpora tors are: R. J. HARTMAN. L. A. NEW. P. B. WARNER, I. N CO., VAULT. and the name Of the corpora tion shall be. THE SINALOA-CHf- HUAHUA RAILWAY AND SMELT- ING COMPANY. The pricipal place in which the business of said corpora tion within the Territory of Arizona is to be transacted is Phoenix, Maricopa Coun- ty, Arizona, and the principal place of business of said corporation outside the Territory of Arizona, shall be New York City, in the State of New York at which meetings of the Board of Di- rectors may be held, and the corpora ton may have such branch offices either within or without the Territory of Ari- Zona as may be established by the Board of Directors.
 SECOND: The general nature of the business proposed to be transacted by this corporation is as follows, to-wit:
 To purchase. lease, bond, locate or otherwise acquire. own, exchange. se,i or otherwise dispose of, pledge. mort gage, hypothecate and deal in real estate and any and all kinds of personal property, mines, mining claims, oi! lands, mineral lands, oil. gas, asphal- tum, petroleum, water and water rights and machinery, and to work, mine, ex- plore, operate and develop the same to do a general real estate, manufac- turing and mercantile business; to own handle and control letters patent and inventions, and shares of capital stock Of other corporations, to borrow money and to execute notes. bonds, mortgages, or deeds of trust to secure the same and to exercise in respect of all such bonds, mortgages, notes, shares of cap ital stock and other securities and ob- legations any and all rights, powers and privileges of individual owners thereof, ! including the right to vote upon any shares of stock held by it to the same extent that a natural person might or could do; and in general to do all things necessary to the proper conduct of the i business of this corporation in the Ter ritory and elsewhere, not inconsistent with the laws Of the United States and the Territory of Arizona.
 1 THIRD: The authorized amount Of
 capital stock of this corporation shall be SEVEN MILLION FIVE HUN DRIED THOUSAND DOLLARS. G7.-
 300, ,OOO.OO) to be divided into SEVENTY
 FIVE THOUSAND (75.OOO) shares of | Ing nf GTn I11n
 each G1OO.GO), at such time as the 1 Board of Directors may by resolution
 direct, said capital stock shall be paid 1 into this corporation either in cash or 1 by the sale and transfer to it of real or personal property, for the uses and pur-
 poses of said corporation, in payment
 for which shares of the capital stock
 Of said corporation may be issued, ana
 the capital stock so issued shall there-
 upon and thereby become and be fully paid up and non-assessable, and in the
 absence of actual fraud in the transac-
 ton the judgment of the Directors as to the value of the property purchased | shall be conclusive.
 FOURTH: The time of the com mencement of this corporation shall De
 the date of the filing of these Articles | of Incorporation in the office of the
 Secretary of Arizona, and the terminal tion thereof shall be twenty-five years thereafter.
 FIFTH: The affairs of this corpora ton shall be conducted by Board ol Fifteen 05) Directors. and the follow ing named shall constitute the Board oI Directors until their successors art ! elected: ELLIS BARTHOLOMEW, R S TININ, I. N. COVAULT, k. J I HARTMAN. l.. A. ATtMBRUS STER, r. II B. WARNER
 The remaining members of the Boarf of Directors to be elected at the frs meeting of the stockholders or at any adjourned meeting.