The oasis., 1907-08-03

tofpofatoh shall tt YAQpI cFNfHAt DEVELOPMENT COMPANY The principal ,"es sh1n T9Ia ,.s .,n... s. Territory ..d 1.,s. 1t" tioh is Co be transacted is Nogales santa Cruz County. Arizona, and the Corporation may establish branch offices either within or with- out the Territory of Arizona where meetings Of the Board pf Directors may be held.
 SECOND. The general nature of the business proposed Co be transacted by this Corporation Is as follows, to.wit.
 disng Company with full power t0 make con. tracts. Co purchase, lease, bond. locate or otherwise acquire, own, exchange sell or otherwise dispose of, pledge, mortgage, hypothecate ard deal in real estate and any and all kinds of personal property; including shares in this and other corporations; 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 do all things necessary Co the proper conduct of the business of this Corporation in the Ter ritory or elsewhere, not inconsistent with the laws of the United States and the Territory of Arizona, the Republic of Mexico, and State of sonora.
 THIRD: The authorized amount of capital stock of this corporation shall be Five Hundred Thousand Dollars ($500 900. .O0) divided into five hundred thousand shares (1000OO) of the par value of One Dollar (Sl00) each. At such times as the Board of Directors may by resolu- ton direct, said capital stock shall be paid into this Corporation, either in cash or by sale and transfer to it. of real estate or personal proper ty for the uses and purposes of said Corpora tion, in payment for which shares of the capital stock of said Corporation may be issued, and the capital stock so issued shall thereupon ana thereby become and be fnlly paid up and non assessable, and in the absence of actual fraud in the transaction, the judg- ment of the Directors as to the value of the property purchased shall be conclusive.
 FOURTH: The time of the eompencment of h.af q of certified copy of these Articles of Incor- poration ill the office of the territorial auditor and of the Recorder Of santa Cruz County and the termination thereof shall be twenty-five years thereafter.
 FIFTH: The affairs of this Corporation shall be conducted by board of seven directors and the following named shall constitute the Board of Directors until their successors are elected: Who shall have power to increase their number, and their successors shall have like power: NJ. P. Wright, Allen T. Bird, J F. Donnel, K. 5. England, 5 T. Waggener, .. C. England, F. X Recent. Thereafter the Board of Directors shall be elected from among the stock holders on the First Monday in July cf each year. The officers of sa q Corporation until their successors are elected shall be: :. T. Waggener, President; R. $. England Vice President c. C. England, Secretary; J. F. Donnell, Treasurer.
 SIXTH: The highest amount of indebtedness or liabil ty. direct or contingent, to which this Corporation is at any time subject shall be Two Hundred Thousand Dollars (s200, 900. .0O), which amount does not exceed two-thirds the amount of capital stock.
 SEVENTH: The private property of the stock holders of this Corporation shall be exempt from corporate debts of any kind whatsoever. IN WITNESS WHEREOF We have hereunto set our hands and seals this l6th day of July, 1907.
 N. F. WRIGHT. [SEAL1.
 ALLEN T. BIRD, [SEALl
 J. F DoNNELL, [sEALl.
 k. $. ENGLAND, lSEAL1
 & T. WAGGENER, 1SEALL
 c. C. ENGLAND. fSEAL1
 F. K REEcHT, [sEALl..