The oasis., 1905-09-02
ARTICLES OF INCORPORATION
NT INI1Lo VT INNJNI JFNA HUN
 --OF THE sONORENsE PROSPECTING X DEVELOP ING COMPANY.

NNow ALL MEN BY THESE PRESENTS:
 That we, whose hands are bereunto affixed do hereby associate ourselves together for the purpose of forming corporation under the laws Of the Territory of Arizona, and to that end make the following statements:
 FIRST: The names of the corporators are L. C. Friend, John M. Woodrum NJ. E. Hop wood and Allen T. Bird and the name of the corporation shall be THE sONORFNsE PROS. PECTING te DEVELOPING COMPANY. The principal place within the Territory of Ari- zona in which the business of this corporation js to De transacted ls Nogalcs, santa Cruz county, Arizona and the corporation may es. tablish branch offices either within or without the Territory Of Arizona, where meetings of the board of directors may be held.
 SECOND. The general nature Of the business proposed to be transacted by this corporation is us follows to wit: general denounc ing, locating, prospecting developing. and mining business, in the State Of Seno- ra, Republic Of Mexico, with power to make contracts; to purchase, lease. bond locate or otherwise acquire, own, exchange sell or otherwise dispose of, pledge. norteaee hypothecate and deal in real estate and any and all kinds of personal property; mines mining claims, oil lands, coal lands, mineral lands, oil, gas, coal, shaie, asphaltum petroe uln, asbestos, salt water and water rights and machinery, and to work, mine explore, oper. afe and develop the same; and in general to do all things necessary to the proper conduct of tile business Of this corporation in the terri tory and elsewhere, D0f inconsistent with the laws oi the United States and the Territory of Arizona, or the State oi Sonora and Re- public of Mexico
 THIRD. The authorized amount Of the capital stock of this corporation shall be One Million dollars $l,009Oe0l divided into Two Hundred Thousand (200,@90l shares of the par value of Five dollars ($5) each At such times as the board of directors may by resolution direct, said capital stock hall be paid into this cor p0ration, either in cash or by the sale and transfer to it, Of real Of personal property for the uses and purposes Of said eorporation in payment for which shares Of the capital stock of said corporation shall be issued. and the capital stock so issued shall tAereup8n and thereby become and De fully paid upand non assessable, and n the absence ef aetnal fraud in the transaction the Judgment af the direc- tors aS 70 the value ol the property purchased shall De conclusive.
 FouRTH The time of the commencement Of this corporation shall be thedate U3 tue filing VI a eeriiHedeppy VI these Articles Hf Inearp0f- Ation n fne otiise 0t the territorial auditor and nl ths recorder ei Snnta Cruz county, and the terminaticn thereof shall Dc tWenfyfve years thereafter.
 FIErH The affairs of thiseorporatien shaII De conducted by board Of live directors and the following named shall constitute he hoard of directors nntil their saeeeesofs are elected. |. q. Friend, John Af Nuedrum NJ E.. H8p2aoa AIlen f. Bird and Ned l Parker Thereafter the board ef directors shall be elected from among the stock holders on the first Monday iH AnsnSt ef each year. The fiicers of said corporation until their successors are elected shall be-: Allen T, 23tt 1ANNtoNtit, tA M, GfteitNs 4F1Atf&i llAHA-tF and Yiee president; N. '. 4epwond, eeeretary; John ~. Wr1drun, treasurer.
 SIXTH lhe highest amount nf indebtedness ur liability. direct ar contingent ta which this corporation is at any fime subject shal be Twenty-Five Thousand aullurs t$25.n9Al which amount does not exceed two-thirds the amount of capital stock
 SEVENTH: The private property af the stock holders cf this corporation shall be exempt from corporate debts of any kind whatsoever, lN WITNESS WHEREOF We have heTeunta set our hands and seals this fifteenth day of August, A. D. 1905. |. c. FRIEND tsEALl
 ]. NJ WooDgU8 sEALl
 Nj. E. HopwooD TsEAL1
 ALLEN [ BIRD sEALl