The news-herald., 1903-04-11
ARTICLES OF incorporation
OF THE
TUXTEPEC DEVELOPMENT COMPANY

t.. KNOW ALL MEN BY THESE PRESENTS,
that we, whose hands are hereunto affixed, do
hereby associate ourselves together for the
purpose of forming q corporation under the
laws of the Territory OF Arizona, and to that
end make the following statement:
First-The names Of the corporators are:
Geo. j. Markley, ]. T. Dougherty, 4. NJ Nc
Carty, VIM. II. Zoliinger, W. l.. Stolzenbach,
Jas. F. Clark, and the name of the corporation
shall be the Tuxtepec Development Company.
The principal place in which the business OF
said corporation within the Territory OF Ari-
zona is to be transacted is Phoenix, Maricopa
County, Arizona, and the principal place OF
business of said corporation outside the Terri
tory Of Arizona shall be the City OF Columbus,
in the State Of Ohio, at which meetings Of the
Board Of Directors may be held, and the cor
poration may have such branch Offices either
within or without the Territory Of Arizona 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 purchase, lease, bond, locate
or otherwise acquire, own, exchange, sell, or
otherwise dispose Of, pledge, mortgage, hy-
pothecate and deal in real estate, and any and
all kinds of personal property, mines, mining
claims oil lands, mineral lands, oil, gas,
asphaltum, petroleum. water and water rights
and machinery, and to work, mine, explore
and develop the same; to do a general real
estate, manufacturing and mercantile busi-
ness; to own, handle and control letters patent
and inventions and shares OF capital stock OF
other corporations to borrow money and exc
cute notes bonds, mortgages or deeds Of trust
to secure the same, and to exercise in respect
,c1,c
ital stock and other securities and obligations
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 natural person might
or could co; to issue plantation certificates Or
other evidences Of interest in real or personal
property, to engage in the raising of sugar cane,
rubber and all other agricultural products, to
manufacture the same, to build and construct,
lease and operate electric and steam railways,
to acquire, own, lease and operate boat lines
and other means of water transportation as
fully as can be done by an individual, and in
general to do all things necessary to 4 proper
conduct OF the business Of this corporation in
the Territory and elsewhere not inconsistent
with the laws Of the United States and the
Territory of Arizona.
stock OF this corporation shall be Forty Thou
sand Dollars ($40,000 00), divided into Four
Hundred shares OF the par value of One Hun
dred Dollars ($1COOO each. At such time as
the Board OF Directors may by resolution direct,
said capital stock shall be paid into this cor
poration either in cash or by the sale and
transfer to it Of real or personal property for
the uses and purposes OF said corporation, in
,,1,, /
of said corporation may be issued, and the
capital stock so issued shall thereupon and
thereby become ana be fully paid up and non
assessable, and in the absence of actual fraud
in the transaction the judgment of the Direc-
tors as to the value of the property purchased
shall be conclusive.
Fourth-The time of the commencement of
this corporation shall be the date of the filing
OF these Articles OF Incorporation in the Office
OF the Secretary of Arizona, and the termna-
ton thereof shall be twenty-five years there
after.
Fiftl-ThC affairs OF the corporation shall be
conducted by Board OF seven Directors and
the following named shall constitute the Board
of Directors until their successors are elected:
Geo. j. Markley, j. f. Dougherty, A. NJ Me
Carty, VIM. r. Zollinger, w. L. Stolzenbach,
James Z. Clark and Il. 3. Stewart Thereafter
the Board of Directors shall be elected from
among the stockholders as the bylaws OF the
corporation may provide.
SiXth-The highest amount Of Indebtedness
or liability, direct contingent, to which this
corporation is subject shall be Fifty Thousand
Dollars ($5O,00000).
Seventh-The private property of.the stock
holders OF this corporation shall be exempt
from corporate debts of any kind whatsoever.
IN WITNESS WHEREOF we have hereunto
set our hands and seals this 14th day OF Febru-
airy. 1903