Bisbee daily review., 1907-09-05
ARTICLES OF INCORPORATION
of the Texas Development Company.

We, the undersigned, do hereby vol untarily associate ourselves together for the purpose of forming a corpora ton under the laws Of Arizona. and the following Articles of IuCorDOra- tion are in pursuance of such purpose, executed and acknowledged:
 ARTICLE |.
 1. The names of the iCCOrpUratO.s are W. T. ODUnnelI F. J. Craig, and II. L. Aulls.
 ?. The name of the corporation is The Texas Development Company. 8. The general office and principal place of business in the Territory of Arizona is Bisbce. COchise County, Arizona, but branch offices may be established and maintained and bu-i- ness conducted in any other stat or territory or in the Republic of MoyIo2, as the board of directors my provide
 f. The officers O. the corporation shalt be: A board of directors. presi- dent, yiCe-pTesident, secretary and treasurer, and such other officers as the board of directors or stockholders may from time to time determine. 3. The board of directors shlI consist of five members. who shall be elected annually at the annual meeting of the stockholders. the da,e of such annual meeting to be the first ! Tuesday in March of each year. w. T. O'DOnnell E. J. Craig, H. l.. AIlls, | Walter ThurstOn and J. P. Hallihan shall constitute the board Of Directors to serve for one year, CT un,I their successors are elected and qualified. ARTICLE Ii.
 The duration of this corporation shall be for the period of twenty five l years, to commence from the date Of ! the filing of these articles as required ! by law with the county TecnrIer of Cochise County. Arizona, and in tine office of the territorial audito- ARTICLE III.
 The capital stock Of this corpora. 1 tion shall be five hundred JnOdsaCd dollars ($5OO,OOO), divided into one hundred thousand QOO,OOO) shares | the par value of five dollars eacn. The said capitalization may be increased : by vote of the stockholders as requir- | ed by law. The private property of l the stockholders of this corporation l shall be exempt for all liability for corporate debts, and the manner of issuing the capital stock and the time 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:
 1. 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
 2. The mining and reduction of ! minerals and metals and the acquisi- tion of all property necessary there 1 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 1 telephone lines, railways. tramways of every description, canals and ditch | es for irrigation or drainage; of cleo l tric light and power plants, and the use thereof in any manner that may , nf1 lEA-duA4SdUlE-n -HOdlA -Ol ] directors.
 5: This corporation may issue | bonds, prOmissory notes and other l evidences of indebtedness and may | secure the same by the issuance and execution of mortgages and every ! form of lien ill security thereof upon l the property of the company acquired or to be acquired, and may, and is ex- pressly given the power to, hold, own, l possess and deal in, assign, sell and 1 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 l 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 may 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 V.
 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