The oasis., 1906-08-04
ARTICLES oF INCORPORATION
 auF tura PAN.AMEmCAN DEVELOPMENT COMPANY

of forming corporation under the laws of the
 Territory uf Arizona, have this day voluntarily
 associated ourselves together into body cor
 pQrate, and do hereby make, sign and acknowl-
 edge. each for himself, and do adopt these
 ufy:
 FiRsr The name of this corporation and by
 Phich it shall be authorized to act is 1.-THE wAN.AMERlCAN DEVELOPMENT COM
 sEcoxp. The names of the incorporators are
 samuel 5. Grubbs Paul II. seymour and
 Harry Austin Clapp and the principal
 office, or place of transacting of busi-
 ness Of this corporation shall be in the
 town of Nogales santa Cruz County, Territory
 of Arizona, but branch offices may be kept and
 maintained at such other place or places either
 in the United states of America or foreign
 countries, as the Board of Directors may from
 time to time determine, atany of which off ces meetings of the stockholders and directors may be held and all business transacted.
 THIRD. The amount of the capital stock of this corporation shall be Five Million Dollars (S5,0O0 0U0) divided into Five Million shares (5,o0O,OoO) of the par value Of One Dollar (Sl0O each.
 At such times and under such conditions as the Board of Directors may direct, such capi- tai stock shall be paid into the Corporation either in cash or by the sale and transfer to it of real or personal property or services for the use and purposes of said corporation in payment of which shares of the capital stock shall be issued, and such stock when issued shall be fully paid and non-assessahle, and the judgment of the Board of Directors as to the value of the property purchased or services rendered shall be conclusive
 The capital stock may be increased or de- creased by the affirmative vote of the majority of the stock then issued; but in case of the increase of the capital stock each shareholder shall have the privilege of subscribing for such number of shares of the proposed increase as he may be entitled to according to the number of shares held by him before the stock is in- creased.
 FOURTH The time of the commencement of this corporation shall be the day of the filing of its Articles of Incorporation in the office of the Counsy Recorder of santa Cruz County,and a certified copy iM the office of the Auditor for the Territory of Arizona and the termination thereof shall be twenty five years thereafter.
 FIFTH. The business affairs of this corporation shall be conducted by Board of Directors consisting of noi less than three nor more than five members, each of whom shall be a stockholder and whenever a director ceases to be stockholder he shall at the same time cease to De director.
 They shall be elected annually by the stock holders at their annual meeting which shall be held on the first Monday in August of each year, after the year one thousand nine hundred and six Q9o6) said meeting to be held in any of the offices of the company ! and they shall hold their offices until their successors are duly elected and qualified.
 Any vacancy in the Board of Directors may be filled by the remaining members of the ! board by appointment from among the stock ! holders, and such appointment shall be for the unexpired term for which the appointment is made
 The first Board of Directors shall consist of the following persons, tO-wit: samuel B. ! Grubbs, Paul H. Seymour and Harry Austin | Clapp and two others to be named by these three.
 majority of the Board of Directors shall constitute a quorum for the transaction of all business. or liability, either direct or contingent, to which this corporation is to at any time sub 1 ject itself shall not exceed the sum Of Two Million Dollars (S2,UO0VOOOO) and the private ] property of the stockholders of this corpora | ton shall be exempt from the payment of its corporate debts.
 proposed to be transacted by this corporation is to locate, buy, bond acquire, hold own, lease, possess operate or sell or otherwise dis | pose of mines and mining claims, or prospects . of gold silver or copper and ali other minerals f and all kinds of mineral lands or properties to buy lease CT otherwise acquire, to hold and f own, manage, operate, improve, mortgage sell, or convey or otherwise dispose of any de velOped lands concessions, franchises, mining . claims, oil wells and any and all ether real . estate and interests in any of said properties; Co engage in the building of stamp mills . smelters and other mills and the operating of the same extracting precious metals, boring digging, drilling, tunnelng and exploring for producing, refining. treating, piping, handling | storing, dealing in, buylng, and selling gold silver, copper, coal, iron, oil, lead, zine, salt petroleum, mineral gas, asphaltum, bitumen, bltuminons rock and other minerals and | hydro-carb0n substances and for sucb purposes f to buy, contract for, lease or otherwise acquire, hold, own, manage, operate, mortgage or sell . or otherwise convey rehneries, pipe lines, tank cars, manufaetories, machinery, and other works, property and appliances and . rights Of way that may be necessary or con venient or appurtenant for the purposes of said corporation; to manufacture electricity, obtain rights of way erect poles, string wires, and buy or sell electricity, to (arry on and control general merchandise, forwarding, commission and storage business and to that end 10 deal in any and all commodities of every kind conducive to the successful conduct of said business; to buy, procure, hold own, sell, construct, equip, mortgage, maintain and operate railroads, steam ships, ferries tram ways, stage lines. automobiles and any and all other kinds of transportation, including equipments thereof and therefor for mining or trausportating, or for other lawful use or business: to own, handle or control letters patent and inventons to purchase or other wise acquire, hold, own, pledge, llypothecate, sell or otherwise dispose of the capital stock of other corporations, and also bonds debeatures, bills, promisory notes, mortgages and pledges of other partnerships, corporations and per sons 10 borrow money and execute bonds