Bisbee daily review., 1905-07-12
PAGE TWELVE
ARTICLES OF INCORPORATION
Of tse Democrsta csnsnea, Sonora,
 Copper Company.

h-NON ALL -AA--N ID AA--@-7~
 PRESENTS.
 That, We, the undersigned. having
 this day voluntarily associated our
 selves together for the pun r0se of
 forming a corporation under the laws
 of the Territory of Arizona, do hereby
 certify as follows, tO-wlt:
 First-That the name of this corpo-
 ration shall be DEMOCRATA CANA
 NEA SONORA COPPER COMPANY.
 The principal place of business of
 said corporation within the TerriIory
 of Arizona is at Bis5ee, County of Co-
 ehise. Territory Of Arizona, and the
 principal place of business of said
 corporation outside of the Territory of
 Arizona shall be at Cincinnati, State
 of Ohio, at which place meetings or
 the Board of Directors may be held.
 Second-The general nature of the
 business to be transacted by this cor
 pcrstion, Is as follows. to-wit:
 To acquire by location, purchase,
 exchange or otherwise, mines Of cop per, gold. silver, lead and mineral and
 sI other lands cf any kind or descrip- uop whatsoever. and to explore, oper-
 ate, develop, lease or sell the same;
 and to erect and maintain mills, re-
 auction works, leacAing plants. con sentrators, concentrating works, con
 vertors and refining works, aud any and all kinds of mining ana mll-
 ing machinery and any and all other works, appliances and processes for the economical hand ling and reduction Of ores; 10 erect and maintain stores. boarding houses and hotels, and to do a general mer- chandise business; to acquire by pur- chase, location and in any other law ful manner, real estate, lands and all kinds of property, real, personal or mixed: to lay out, construct, acquire by purchase. or in any ether manner, wagon reads. nids, houses, anu 10 own all or any part of the capital stock or bonds of other corporations, chat tels, goods. wares, merchandise and choses in action 10 buy. manufacture, sell and deal in all kinds of property, real, personal or mixed; and 10 trans- act any and all business which may be transacted by a natural person; to hold, cultivate, prove up. use and en- joy same. and to alienate. sell, lease and demise and dispose of the same or any part thereof as well as any otIrer property this corporation pos sesses, be seized of or S<itled 10; 10 borrow money and contract to repay ! the same at such time or such times ] with such rate or rates of interest as | its board of directors may deem prop ! CT or see fit, and to execute. deliver | and hypothecate notes, bonds, mort ! Eages or. deeds of trust 70 secure the same, and to loan money al such time { and rate upon such securities as its ! Board of Directors may deem proper ! or see fit.
 Third-The authorizes amount Of ! capital stock of this corporation shall i be Three Million (S3.0600e6j Ieaars, | divided into S00,0O shares with f par value of s10 each.
 At such time as the Board of DiTec- | tors may by resolution direct the said [ capital stock shah be paid into this corporation. either in cash, or by the sale and transfer 10 it Of real and per sonal property. in payment of which ( shares of capital stock Of said corpora r tion may be issued, and the capital \ stock so issued shall thereupon and |, thereby become and be fully paid and It non-assessable, and in the absence of 1, actual fraud in the transaction, the judgment of the Directors as to the value of the property purchased shall !, be conclusive.
 Fourth-The time of commencement of this corporation shall be the day Of { the fling of these articles of record in the office Of the county recorder Uf ] the County Of Cochise, in the TeTTito- " of Ar.zona. and the termination thereof shall be twenty-five years I thereafter, nnless by Jaw further ex. [ tended by the company. II
 Fifth-The affairs of this corpora T ton shali be conducted by a Board [ cf Directors consisting of not less than three persons and rct more than seven persons; and Leo C. Cloud, Fl. H. lt Hoffman and A. Eldridge shall con Ia stitute the Board of Directors until l7 the annual stockholders meeting, which shall be held on the last Tues lay of May, 1905. d
 The successive Boards e Directors q shall hereafter be elected annually at ( Inc annual meeting of said corpora if ton, which shall be he'd at the hour it 2f two o'c!ok p. m. on the last Tues ,t day of May.
 The officers of said corporation shall consist of a president, viee-pres- il Ident, secretary, treasurer and gen . eral manager, which said officers shall if be elected at the annual meeting of 2 .he Board of Directors Of the compa- ry, which annual directors meeting shall be held annually immediately It the adjournment of the an- C 1ual stockholders meeting ss hereto { lore specified.
 Al directors and officers of this GOT poration shall hold office after being ' July elected and qualified until their shall be duly elected and qualified If any vacancies shall oc- 3ur in the office of director such va ,sney shall be filed by the remaining s -F ha