Bisbee daily review., 1905-08-12
ARTICLES OF INCORPORATION of the coehise Development Company


 nave this day voluntarily associated ourselves together for the purpose of forming corporation under the laws Of the Territory of Arizona and have for that purpose adopted the following articles of incorporation:
 Article [.
 The names of the incorpoTators are: Joseph M. Muheim. c. l.. Jones and Charles B. Watts.
 Article n.
 The name of this corporation shall be the COchise Development Company
 Article ill.
 The general nature of the business proprosed to be transacted is as fol. lows; To carry on the business of mining. refining. smelling and redue- ing any and all kinds of ores, minerals and metals; to purchase and become the owner of, by license. bond. option. concession, grant. or otherwise, all lands. mines. mining or mineral rights CT concessions. possession, rights or privileges, buildings. machinery, water rights. or other property or effects which the company may think proper from time to time to acquire for any of it's purposes; to prospect and search for ores and minerals; to develop mines, and grant licenses for mining In and over lands which may be ac- quired by this corporation and to sell and otherwise dispose of lands, mines and other property. franchises or priv heges of this company; to buy. sell and deal in minerals. plants. machin- cry. implements. conveniences. pro visions. property and things capable of being used in connection with min ing operations, or required by work men or others employed by the com pany: to subscribe for. buy. sell or otherwise dispose of the cap ital stock or shares of the capital stock of this or any other corporation. and generally to do any and aii acts and things and to do and transact any or all business incidental to the pur- poses aforesaid. and not contrary to the laws of the Territory of Arizona
 Article w
 The amount of the capital stock of this corporation shall be one million dollars ($1000.0 .00O), divided into one hundred thousand 100000 shares of the par value of ten dollars (s10) each. NN OC PSAlA dt ouLAA lAulCS anu III SUCH manner as the board of directors shall from time to time determine.
 Article V.
 The time of the commencement of this corporation shall be the date of the filing in the office of the Auditor of the Territory of Arizona, of a certi fled copy of these articles of incor- poration, and the termination thereof shall be twenty-five (25) years there after.
 Article VI.
 The affairs of this corporation shall he conducted by a hoard of directors, consisting of five members, who shall be stockholders of the company. The first directors shall be L. c. SSattuck. Joseph Nj. Muheim. C. L. Jones. Char les Forcado and Charles B. Watts. and shall hold office until their sue cessors are chosen and qualified. Thereafter the directors shall be elect ed annually. at the stockholders meet ing to be held at the office of the com pany, at Bisbee, Arizona, on the sec ond Tuesday in January of each year The board of directors shall have the power to adopt bylaws for the gov Ol luC anu amend or alter the same as they shall deem best. The officers of this cor poration shall be president, vice-presi- dent, secretary and treasurer, and such other officers as the board of directors may from time to time deem necessary, and shall hold their off ces until their successors shall be chosen and qualified.
 Article VII.
 The highest amount of indebtedness or liability to which this corporation is at any time to subject itself shall in no case exceed the sum of five hundred thousand dollars ($500. .000) except upon the written consent of the holders of more than one-half of the capital stock outstanding at the time the obligation is incurred. and at no time shall an indebtedness be incurred to an amount exceeding two thirds of the outstanding capital stock Of this corporation.
 Article VlII.
 The private property of the stock holders of this corporation shall be exempt from any and all liability for the corporate debts and liabilities of this corporation.
 IN WITNESS WHEREOF. we have hereunto set our hands this 24th day Of July, A. D. 1905.
 JOSEPH NJ. MUHEIM.
 c. L. JONES.
 c. B. WATTS. Territory of Arizona, County of CO cbise, Es. Before me, M E. Cassidy. notary public in and for the County of Co .chise, Territory of Arizona, on this day personally appeared Joseph M. Muheim, C. l.. Jones and Charles B. Watts, known to me to be the per sons whose names are subscribed to the foregoing instrument. and each of them acknowledged to me that he executed the same for the purpose and consideration therein expressed.
 Givn under my hand and seal Of office this 24th day of July. 1905.
 My commission expires January II. 1908.
 (seall Nj. E. CASSIDY.
 Notary Public. Recorders Office. Tombstone. Go. chise County. Arizona.
 Fflad and recorded at request Of