Bisbee daily review., 1907-08-28
ARTICLE |.

ARTICLE |.
 l. The names of the incorporato?s are w. T. ODonnell, E. J. Craig, and H. z. Aulls.
 2. The name of the corporation is The Texas Development Company.
 3. The general office and principal place of business in the Territory of Arizona is Bisbee, Cochise County, Arizona, but branch offices may be established and maintained and busi- ness conducted in any other state or territory or in the Republic of Mexico, as the board of directors may provide { f. The officers of the corporation shall be: A board of directors, presi- dent vice-president, secretary and treasurer, and such other officers as the board of directors or stockholders may from time to time determine
 5. The board of directors shlI consist of five members. who shau be elected annually at the annual meeting of the stockholders, the daJe of such annual meeting to be the first Tuesday in March of each year. W. T. ODonnell, E. J. Craig, H. L. Aulls, Walter Thurston and J. P. HalIihau shall constitute the board of Directors to serve, for one year, CT until their successors are elected and qualified.
 ARTICLE II.
 The duration of this corporation shall be for the period of twenty-five years, to commence from the date of the filing of these articles as required by law with the county recorder of Cochise County, Arizona, and in I1e office of the territorial auditor.
 ARTICLE III.
 The capital stock of this corpora tion shall be five hundred thousand dollars (s500,000), divided into one hundred thousand (1OOO0O) shares the par value of five dollars eacn. The said capitalization may be increased by vote of tine stockholders as reauir- ed by law. The private property of the stockholders of this corporation shall be exempt for all liability for corporate debts. and the manner of issuing the capital stock and the tiGle when and conditions upon which pay ment therefor shall be made. shall De as provided by the board of directors.
 ARTICLE w.
 The general nature Of the business to be transacted by this corporation is as follows:
 l. The acquiring of mines, mill sites, shelter sites, water rights, oil and gas wells, stone, timber and agri- cultural lands, and renting, selling and dealing in the same and the prod ucts thereof.
 ?. The mining and reduction of minerals and metals and the acquisi- tion of all property necessary there for
 3. The manufacturing purchase of or otherwise acquiring of goods, wares and merchandise of every de- scription and buying, selling, dealing in and disposing of the same.
 4. The acquiring, by purchase, con- struction. or otherwise, of telegraph or telephone lines, railways, tramways of every description, canals and ditch es for irrigation or drainage; of cleo tric light and power plants, and the use thereof in any manner that may be deemed advisable by the board of directors.
 5: This corporation may issue bonds, promissory notes and other evidences of indebtedness and may secure the same by the issuance and execution of mortgages and every form of lien in security thereof upon the property of the company acquired or to be acquired, and may, and is ex- pressly given the power to, hold, own, possess and deal in, assign, sell and transfer, mortgage. pledge or other wise dispose of, bonds, debentures, or other evidences of indebtedness, and the shares of the capital stock of companies and corporations of every character, and to vote such shares, ! and for this purpose the funds and as- sets of the company are hereby ex- pressly confided to the board of di- rectors to be used in such manner as they deem expedient.
 6. To acquire and transfer prop erty. real, personal, or mixed. pos sessing the same power in respect thereto as private individuals enjoy ARTICLE ". The highest amount of indebted ness and liability, direct or contin- gent, to which the company shall be liable, shall never exceed the sum of one hundred thousand dollars.
 ID witness whereof, the parties hereto have hereunto subscribed their names this 23 day of August, 1907.