Bisbee daily review., 1906-02-25
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 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 |.
 The names of the incorporators of this company are F. J. Hart, Joseph Collie and A. R. Glenn.
 Article IL.
 The name of the Corporation is and shall be "ARIZONA-SONOR DEVEL- OPMENT COMPANY" and it's prin- cinal 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:
 1. The acquiring and development of mines, mill sites, water locations and privileges. stone, timber. agricul- tural and other lands. and renting, selling, operating and dealing in same and products thereof
 2, The mining and reduction of ores, minerals and metals and the ac- quisition of all necessary machinery. mills, appliances, buildings and prop erty therefor.
 3. The manufacturing, purchasing. or otherwise acquiring of goods, wares and merchandise and personal prop 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 ".
 The corporation shall commence at the time of the filing for record of it's 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 shall endure for twenty-four years there after. Article V.
 1. The highest amount of indebt- edness or liability, direct or contin- gent to which this corporation shall at any time subject itself shall in no case exceed the sum of Two Hundred and Fifty Dollars.
 The stockholders and their pri- vate property shall be exempt from the corporate debts of this incorporation. Article VI.
 The capital stock of this corporation shall be the sum of Five Hundred Thousand (s500,000) Dollars divided into fifty thousand shares of the par value of ten dollars (s10) each. The shares of the stock of this com. pany may be issued for property or cash payable either in full or in in stallments, as the directors may deter. mine, or for labor or services, and in ! the absence of actual fraud in the | transaction, the judgment Of the di. | rectors as to the value of the property, labor or services shall be conclusive. 1 Article VII.
 l. The affairs of this corporation shall be controlled and conducted by board of ten directors elected by and from among the stockholders. The annual meeting of the stockholders shall be held on the 12th day of Octo. Der of each year, or if that fall on . holiday on the next day. Stockholders shall have the right to cast one vote for each share of stock In person or by proxy in writing.
 2. The directors shall have power to i'll any vacancies in the board of directors, that may occur during the year.
 5. The officers of this corporation shall be president, vice-president, sec retary, assistant secretary, treasurer. general manager. who shall be elected by the stockholders, and whose duties shall be prescribed by the Bylaws. 1. Until the first annual election Of directors. and until their successors are elected and qualified. the following named persons shall be directors of said corporation: F. J. Hart, Joseph Collie. James T Mcdonald, M. P. Spear. Joseph Gibson, A. R. Glenn. George Glenn. F. J., Harvey, c. E. Neff and John Smith The officers until the first annual meeting of stock holders and until their successors are elected shall be president. F. J. Hart: vice-president. Joseph Collie; secre- tary. M. P. Spear; assistant secretary. A. R. Glenn; treasurer Joseph Gibson; general manager. James T. Mcdonald. In witness whereof. we have here srto set cur hands and seais this