Daily Arizona silver belt., 1907-06-18
ARTICLES OF INCORPORATION
 OF THE VALENCIA MINING & DEvELOPE- MENT COMPANY

Know All Men by These Presents:
 That we, the undersigned persons, J. [. Houston, R. M Coffee, Geo. Lee, F. g. Peltzel and B. F. Reynolds, all citi- zens of the United States and residents if the County of Gila, Territory of Arizona, have this 22nd day of May 1907 associated ourselves together to form a corporation under the laws of the Territory of Arizona, and, in com pIiance with the provisions of the said laws, we do hereby make, sign, and cer- tify these our ARTICLES OF INCOR- PORATION of the said company as fol lows, to wit:
 ARTICLE I.
 The name of this company shall be and is The VALENCIA MINING AND DEVELOPMENT COMPANY.
 ARTICLE II.
 The objects for which this corporation is formed are, to acquire by purchase, location, leases, options, bonds and other instruments of writing, mines and min eral lands and all products pertaining thereto. To operate, mine and extract ore therefrom. To erect and maintain all necessary machinery and equipment for the economical development of the same. To acquire by purchase or other l lawful means, roads, tracks, tramways, railroads, telegraph and telephone lines; ditches or fumes for economical trans portation or transmission, and to erect and construct the same.
 To erect, maintain and operate reduc. tion works for concentration, smelting and refining of ores, and the preparation of all company products for sale and profit. To erect and maintain buildings, stores, and boarding-houses and to do 2 general merchandising business To acquire by purchase or other lawful means, real estate, land, and personal property, and to acquire and locate town-sites. To use and enjoy, hold, and operate franchises from the County of Gila, the Territory of Arizona, or any other State or Territory of the United States, or from any municipal or private corporation. To acquire stock, bonds, roads, mills, factories and real or per sonal property incident to such fran ehises, corporations, or townsites. To acquire, maintain and operate all and every property which the Board of Directors may consider necessary for the economical conduct of the general business of mining heretofore enumer- ated and described.
 To sell, alienate, lease, demise, and dispose of any and all property real and personal belonging to this com pany. To borrow money and to con tract to repay the same at such time or times as the Board of Directors may deem necessary or expedient; and to hypothecate, mortgage or pledge the property of the company in whole or in part to secure the payment of the same; provided, however that, the highest or total amount of indebtedness to which this corporation shall, at any time, subject itself shall not exceed the sum of Five Hundred Thousand Dollars.
 ARTICLE III.
 The amount of the capital stock of this corporation shall be One Million Dollars, divided into one million shares of the par value of one dollar each, and the time when and the conditions under which the said capital stock shall be issued and paid in, in cash, property, or other valuable consideration, shall be determined and regulated by the Board of Directors.
 ARTICLE W. M
 The principal place of business of this corporation shall be in the City of Globe, County of Gila, Territory of Ari- zona; and such other or branch offices as may be deemed necessary or advis- able shall be designated and adopted from time to time as the Board of Di- rectors may determine,
 ARTICLE V.
 The capital stock of this corporation and each and every share of the same shall be and is hereby made for ever non -assessable, and shall be paid for in full when subscription is made therefor
 ARTICLE VI.
 The time of the commencement of this corporation shall be the date of the filing of these Articles for record in the office of the Recorder of the County of Gila, and certified copy of the same with the Secretary of the Territory of Arizona; and the period of existence of the corporation shall be the term of twenty-five years from the date of the said filing.
 ARTICLE VII.
 The affairs of this corporation shall