Bisbee daily review., 1907-08-29
OF INCORPORATION
of the Texas Development Company.


 We, the undersigned. do hereby vol untaTiiy associate ourselves together for the purpose of forming corpora ton under the laws of Arizona, and the following Articles of Incorpora- uon are in pursuance of such purpose, executed and acknowledged:
 ARTICLE 1.
 1. The names of the incorpcratoTs are VI. T. O'Donnell, E. J. Craig, and H. l.. Aulls.
 ?. The nams rf the corporation is The Texas Development Company.
 5. 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 4. The officers of the corporation shall be: A board of directors, piesi- dent. vice-president, secretary and treasurer, and such other officers as the board of directors UT stockholders may from time to time determine.
 5. The board of directors shal consist of five members, who shall be elected annually at the annual meeting of the stockholders, the daIe 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 until tneir successors are elected and qualified.
 ARTICLE II.
 The duration of this corporation shall be for the period of twenty-fivc 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 tbe office of the territorial auditor.
 ARTICLE III.
 The capital stock of this corpora ton shall be five hundred thousand dollars (s50O,000J, divided Into ere hundred thousand 100O00l 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 corporate debts, and the manner of issuing the capital stock and the 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, smelter 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- ton of all property necessary there 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 telephone lines, railways, tramways of every description, canals and ditch es for irrigation or drainage; of cleo tric light and power plants, and the use thereof in any manner that may be deemed advisable by the board of directors.
 5: This corporation may issue bonds. promissory notes and other evidences of indebtedness and may secure the same by the issuance and execution of mortgages and every form of lien in security thereof upon the property of the company acquired or to be acquired, and may, and is ex- pressly given the power to, hold, own, possess and deal in, assign, sell and 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 character. and to vote such shares, and for this purpose the funds and as- sets of the company are hereby ex- pressly eonfided to the board of di- rectors to be used in such manner as they may deem expedient.
 6. To acquire and transfer prop eTty. real. personal, or mixed, pos sessiDg 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 tho sum of one hundred thousand dollars.
 In witness whereof, the parties hereto have hereunto subscribed their names this 23 day of August, 1907.
 ". T. oDoNNELL.