Arizona republican., 1906-01-23
ARTICLES OF INCORPORATION OF THE HERRADURA BANANA
 PLANTATION COMPANY.

We, whose hands are hereunto affixed, hereby associate ourselves together for the purpose of forming a corporation under the laws of the Territory of rizona. First; The names of the incOrporators Truman. and the na1ae of the cor corpora tion shall be La Eerradura Banana Plan within the Territory of Arizona in which the business Of said corporation is 10 be transacted is Phoenix, and the principal place outside of said Territory Is Tam pico, State Of Mexico. where business ma ype tfdnsacteu and where IneeJlhgS held, and the directors may establish such other branch offices as they may
 Second: The general nature of the business proposed to be transacted is: To engage in the banana industry in the State of Mexico and other countries; to raise bananas and other deciduoUs and citrus fruits, and to handle, marker, sell and dispose of the same.
 To buy and sell and otherwise acquire and dispose of real estate. to farm large tracts of land, cultiva-e the same and plant the same to banana trees and trees of all other varieties of fruits; to sub divide large tracts of real estate and dis pose of the same in lots or small parcels.
 To pUrchose, acquire, contract for, take mortgage and dispose of any and all kinds of real property; wood lands. tim Der lands. water and water rights. and to work develop and operate the same.
 To own, operate and control fruit ranches, canals, reservoirs. fumes, ditches and any and all ether things that the corporation may consider 4ppurte- nant to advantageous 1n the owner ship or, or the working. operation ana control, or that may be necessary or ac- quired in the successful raising of ba- nanas and other fruits.
 To make contracts purchase. lease. bond, locate or otherwise acquire or dis pose Of, to pl dge, mortgsge. hypothecate and deal in any and all kinds of per sonal property.
 T5 Borrow money and execute notes bonds and mortgages or deeds of trust to secure the same and tO exercise in re- spect thereof and of all shares Of capi-
  TTiy-flec-es of individ-,al owners. inciudinc inc right to vote any share of stock held by it to the same extent Toat a natural person might or could do. and in general conduct of the business of this corpora tion.
 Third: The authorized amount of cap ital stock shall be seyentY-ilVe thousand (S75C30) dollars divided into one thOus3nI llVVD sLlares, or the par NeIue oL seN tIIiits as the board of directors may by resoiu- tion direct, said capital stock shall be paid tn. either in cash or by the sale an transfer of real or persoral property to the said corporation for is uses and pur- poses in payment Tor when the shareS of the capital stock may be issued. ana the stock SO issued shall thereupon and thereby become and be fully paid up and assessable; and the judgment of the directors as to the value of the property purchaaed shall be conclusive.
 Fourth: The time of the commence ment or this corpCra ton shall be the frs- day of December. 1905. and the termina- tion thereof shall be twenty-liVe years thereafter.
 Fifth The affairs of this corporation shall be conducted by board of five di- rectors and the following named shall constitute the board of directors until their successors ere elected: w w. Trigg. Chas. Stanley, I. J. Truman. Chas- M. Harrison and Wm. M. Rhodes. There after the board of directors shall be elected from among the stockholders or the first Monday in December of. each year.
 Sixth: The highesr amount of indebt- edness or liability to which this corpo- ration Is at any time subject shall he twenty-five thousand CS25,00O collars, which amount does not exceed twO-thirdS of the amount of the capital stock. Seventh: The private property of the l stockholders of this corporation shall be l exempt from corporate debts of any kind whatsoever.
 Tn witness whereof. We have hereunto set our hands and seals this 2Sth day of ! rxnveT1bpr 1905