The oasis., 1907-06-22
ARTICLES OF INCORPORATION
OF THE FL DURAZNO GOLD MINING COMPANY

KNOW ALL MEN BY THESE PREsENTs That we, whose hands are hereunto affixed, do hereby associate ourselves together for the purpose of forming corporation under the laws of the Territory of Arizona, and to that end make the following statement.
 FIRST: The names ot the corporators are 10. w. Phillips, Frank Irvine, S. M. Welch and l'E, |. Griswold. and the name of the Corpora ton shalls be FL DURAZNO GOLD MIN ING sCOMtsANY. The principal place lNithin the TerriioTy,o Arizona in which the business of said Corporation is to be transacted is Nogales, Santa Cruz County, Arizona, and the Corporation may establish branch offices either within or without the Territory of Arizona where meetings of the Board of Directors may
 SECOND: The general nature of the business proposed to be transacted by this Corporation is as follows, to-wit:
 To make contracts; to purchase, lease, bond, locate or otherwise acquire, own, exchange, sell or otherwise dispose of, pledge mortgage, hypotheeate and deal in real estate and any and all kinds of personal property; mines {; mining claims, oil lands, coal lands, mineral lands, oil, gas, coal, shale, asphaltum, petro- leum, asbestos salt water and water rights and machinery, and to work, mine, explore, operate and develop the same; and in general to do all things necessary to the proper con- duct of the business of this Corporation in the Territory and elsewhere, not inconsistent with the laws of the United States and the Territory of Arizona.
 THIRD: The authorized amount of capital stock of this Corporation shall be Five Hundred Thousand Dollars ($500, ,000) divided into Five Hundred Thousand shares of the par value of One Dollar ($1.00) each. At such times as the Board of Directors may by resolution direct, said capital stock shall be paid into this Cor poration. either in cash or by the sale and transfer to it, of real or personal property for the uses and purposes of said Corporation, in payment for which shares of the capital stock of said corporation may be issued, and the capital stock so issued shall thereupOn and thereby become and be fully paid up and non n-assessable, and in the absence of actual fraud in the transaction the judgment of the Directors as to the value of the property purchased shall be conclusive,
 E0URTH The time of the commencement of this Corporation shall be the date of the filing of certified copy of these Articles of Incor, poratipn in the office .ofthe territorial auditor and 'oI the recorder ofSantR Cruz County, and the termination thereof shah be twenty five years thereafter.
 FIFTH The affairs of this corporation shall be conducted by board of not less than three nor more than seven directors and the follow ing named shall constitute the Board Of Directors until their successors are elected: l: c. W. Phillips, Frank Irvine, s. NJ. Welch, Frank N. Cox, and E. L. Griswold. There after the Board of Directors shall be elected from among the stockholders on the first Monday in March of each year. The officers of said Corporation until their sue cess0rs are elected shall be: c. W. Phillips, President; Frank Irvine, Vice President; s. M. Welch, Secretary; E. L. Griswold, Treasurer.
 SIXTH The highest amount of indebtedness CT liability, direct or contingent. to which this Corporation IS at any time subject shall be One Hundred Thousand Dollars (s100. 0.00), which amount does not exceed two-thirds the amount of capital stock
 SEVENTH: The private property of the stockholders of this Corporation shall be exempt from corporate debts of any kind
 IN WITNESS WHEREOF. We have hereuuto set our hands and seals this second day of May, l9J7.
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