The oasis., 1906-07-07
ARTICLE gf INCORPORATION
 sop Iilf pAN.ANNRicAN DEVELOPMENT COMPANY

WV. samuel F |ruhus Paul y seymour and Harry Austin Ciapp. each ui whom Is citizen 0i the United states oi America, being desif0us ol forming H corporation under the laws of the Territory of Arizona. have this day voluntarily associated ourselves together into body cor. porate, and do hereby make. sign and ackuoWi- edge. each for himself. and to adopt these Articles of incorporation, and do hereby eer- tify.
 FiRST Tie name of this corporation and bv which it shall be authorized tO act is THE PAN.AMERlCAN DEN FLO MENT CON- PANI.h
 SECOND. The names of the inecrporators are samuel B. Grubbs, Paul H. seymour and Harry Austin Clapp and the principal office, or place 0T transactng Of busi- ness 0f this corporation shall be in the town Of Negales. 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 Boars of Directors may. from time to time determine al any of which ofii- 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 000. 0U0l divided into Five Million shares (a,O0o0ool ol the par value Of One Dollar fslN0) each.
 At such times and under such conditions as the Board of Directors may direct such capi- tal stock shail be paid into the Corporation either m cash or by the sale and transfer fo it use and purposes of said ccrp0rati9n ip payment Of which shares of the capital stock small AE Issued. ana ShEn Nt0ek When issued shall be fully paid and non-assessable. 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 hen issued; but in case of the increase of the capital stock each shareholder shall have tine privilege of subscribing for such number of shares of the proposed increase as lie may be entitled to according 10 the number ot shares held by him before the stock x in creased
 FOURTH The time of the commencement 0f < this corporation shall be the day of the iling 0f its Articles of incorporation in ihe office uf the caunsy Recorder W santa Cruz C0unfv,an ' the Territory oi Ariz9na, and the tarmination thereof shall be twenty five years thereafter
 FIFTH. The business affairs ofthis corporation shall be conducted by q Beard of Directors consisting Of not less than three nor more than five members. each of whom shall be a stoekh0lder and whenever d director ceases to be stoekholder he shall aE the same time cease to pe < director.
 They shall be elected annually by the stock halders at their annual meeting which shall be held on the first Monday in August hundred and six l9a1) said meeting t0 be held in any 0f the rIceS 0f the e0mpanN. ana they shall hold their offices until their successors are duly elected and qualified
 Amy vacancy in the Board ef Directors may he filled by the remaining members 0f the b04Id ny appointment from among the stock
 
 nnexpired term for which he appointment is made.
 The first Board of Directors shall consist ai the following persons, tO-Wit, samuel E. Grabbs, Pat + seymour and Harry Austin Clapp and TWO others to be named by these fhfee
 A majority of the Board ci Directors shall constitute quorum for the transaction 0f all business.
 SIXTH. The highest amount of indebtedness or liability, ether direct or contingent, O fEt .tsf jeat itself. shall not exceed the sum ui Two Million Dollars {Sl p9U, ,tN0l0) and the private property of fhe stockholders of this corpora ton shall De exempt from the payment of its corporate debts SEVENTH. The general nature of the business proposed to be transacted by this corporation IS to locate, buts bond acquire hold VI. lease, possess operate or sell or otherwise dis pose Of mines and mining claims or prospects { oi gold, silver CT copper and all other minerals and all kinds of mineral lands or properties: .p buy, lease. CT otherwise acquire, t0 hold and Jwn, manage operate, improve, mortgage. .ell, or convey Or otherwise dispose of any de ,eiopea lallitsf concessions, franchises mining .isins, sal wells and any and all ether real ~ engage in the building uf stamp mills smeitsrs and other mills anu the operating 0f ' i1gglngs dEII1pgr tunnellng and exploring for q producing refining, treating piping, hanaIingt t0ring, dealing ln, buying and selling gold, silYeT copper eoal, ir.4ii- 0il lead, zine salt,
 
 yitaminous rock and other minerals and ( lydr0-earb0n substances and for such purposes 0 0uy, contract for lease or otherwise acquire, q loid. own manage, operate, mortgage CT sell 1 lr otherwise convey refineries, pipe lines, ' ank cars, manufactures, machinery, and I lthef works. property and appliances and ] lights cf way that may be necessary or con 'cnient or appurtenant for the purposes of < aid corporation; t0 manufacture electricity, 1 DtAin rights af way, erect poles string wires, nd Duy Ur sell electricity, to carry OH and : ontrUl q general merchandise, forwarding [ commission anl storage business and to that q nd to deal in any and all commodities of [ very kind conducive to the successful conduct a said business; to buy, procure hold. own | ell, construct, equip, mortgage. maintain and i perate railroads, steam ships ferries, tram s 'ays, stage lines automobiles and any and ali t ther kinds of transportatien, including { q qlipments thereof and therefor for mining q ? transp9rlHtlag. or for other lawful use or | lsiness. to own, handle or control letters q Atent and lnveatons Co purchase or other s lse acquire. hold uNn pledge, nyp3thecate. ei 2r otberNse dispose of the capital stock of q operations and also bonds, deneltuFes, .