Bisbee daily review., 1907-08-30
ARTICLES OF INCORPORATION
of the Texas Development Company.

of the Texas Development Company. We, the undersigned, do hereby vol untarily associate ourselves together for the purpose Of forming a corpora tion under the laws of Arizona, and the following Articles of Incorpora- ton are in pursuance of such purpose, executed and acknowledged:
 ARTICLE l.
 1. The names of the incorporators are w. T. O'Donnell, E. J. Craig, and H. L. Aulls.
 ?. 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 A. 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
 
 5. The board of directors snll consist of five members, who shall be elected annually at the annual meeting of the stockholders, the date of such annual meeting to be the first Tuesday in March of each year. w. T. O'Donnell. E. J. Craig, H. L. Aulls, Walter Thurston and J. P. Hallihan shall constitute the board of directors to serve for one year, or untn tneis 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 the office of the territorial auditor.
 ARTICLE III.
 The capital stock of this corpora ton shall be five hundred thousand dollars ($500,000), divided Into ore hundred thousand (100,000) 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 the stockholders of this corporation shall be exempt for all liability For coTporate ds5cs.-and ths manner of issuing the capital stock and t5e tiGIe 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 i for.
 3. The manufacturing, purchase o or otherwise acquiring of goods { wares and merchandise of every de scTiptiun and buying, selling, dealing in and disposing of the same. | f. The acquiring, by purchase, con struction, or otherwise, of telegraph O ! telephone lines, railways, tramwayt of every description, canals and ditch es for irrigation or drainage; of cleo tric light and power plants, and tht use thereof In any manner that ma! be deemed advisable by the board 0 directors.
 5: This corporation may issur | bonds. promissory notes and othe 1 evidences of indebtedness and ma, secure the same by the issuance ani execution of mortgages and ever, form of Hen in security thereof upoi the property of the company acquires or to be acquired, and may. and is eN pressly given the power to, hold, own possess and deal in, assign. sell ant transfer, mortgage, pledge or other wise dispose of. bonds, debentures or other evidences of indebtedness and the shares of the capital stock 0 companies and corporations of ever character. and 10 vote such shares and for this purpose .hs funds and as sets of the company are hereby e, pressly confided 10 the board of d ! rectors 10 be used in such name as they may deem expedient l G. To acquire and transfer proI erty. real. personal, or mixed. pol sessing the same power in regpeg thereto as private individuals enjoi
 ARTICLE V.
 The highest amount of indebted ness and liability. direct or eOntiI gent. 10 which the company shall h liable. shall never exceed the sum ( one hundred thousand dollars.
 IP witness whereof. the partle hereto have hereunto subscribe their nzmes this % day Of Angus 1s07
 W. q. ODONNEI.L,
 E. J. CRAIG,
 H. L. AuLLS
 State Of TexaH. County Of El Paao, a
 Before me. c. A KiHne. a H0taI public in and flr El Pasu county. Te as. ca this day personally appesre