Bisbee daily review., 1906-03-01
ARTICLES OF INCORPORATION
Of Arizona-sonora Development Go.


 KNOW ALL MEN BY THESE PRESENTS, that we, the undersigned have associated, and do hereby assO ciate ourselves together for the pur. pose of forming a corporation, and be coming incorporated under the laws of the Territory of Arizona, and in pursuance of said purpose do hereby make, adopt, sign and acknowledge these Articles of Incorporation.
 Article l.
 The names of the incorporators of this company are F. J. Hart, Joseph Collie and A. R. Glenn.
 Article II.
 The name of the Corporation is and shall be "ARIZONA-SONO DEvEL- OPMENT COMPANY" and its prin- cipal place of transacting business shall be the City of Bisbee, Cochise County, Territory of Arizona, but may have branch offices at any other place or places. and may have it's works and property and do and transact business at such places as they may from time to time designate, either within or without the Territory of Arizona.
 Article III.
 The general nature of the business proposed to be transacted by said cor poration is as follows:
 l. The acquiring and development of mines, mill sites, water locations and privileges. stone. timber, agricul- turaI and other lands. and renting, selling, operating and dealing in same and products thereof
 2. The mining and reduction of Cres, minerals and metals and the ac- quisition of all necessary machinery. mills. appliances, buildings and prop erty therefor.
 ,. The manufacturing purchasing, yr otherwise acquiring of goods, wares erty, and the buying, selling, dealing in and disposing of the same.
 4. To make contracts and acquire and transfer property, and generally to possess in all respects the same powers as private individuals now en- joy.
 Article W.
 The corporation shall commence a' the time of the filing for record of its Articles of Incorporation in the office of the recorder of said Cochise Coun. ty and the filing of certified copy thereof with the Territorial Auditor of the Territory of Arizona, and shal' endure for rwenty-four years there after.
 Article V.
 1. The highest amount of indebt edness or liability, direct or contir gent to which this corporation shall at any time subject itself shall in n case exceed the sum of Two Hundred and Fifty Dollars.
 2 The stockholders and their pr vate property shall be exempt from tn corporate debts of this incorporation
 Article VI.
 The capital stock of this corporatio shall be the sum of Five Hundre5 Thousand (s500,000) Dollars divide into fifty thousand shares of the pa value of ten dollars (sIO) each.
 The shares of the stock of this con pany may be issued for property o cash payable either in full or in il stallments, as the directors may dete: mine, or for labor or services, and i the absence of actual fraud in tn transaction, the judgment of the q rectors as to the value of the propert. labor or services shall be conclusive
 Article Vii.
 1. The affairs of this corporatio shall be controlled and conducted b a board of ten directors elected b and from among the stockholders. Tb annual meeting of the stockholder, shall be held on the 18th day of Octc Der of each year, or if that fall on holiday on the next day. Stockholders