Bisbee daily review., 1907-09-04
ARTICLES OF INCORPORATION.
of the Texas Development Company.


 We, the undersigned, do hereby vol untarily associate ourselves together for the purpose of forming a corpora the following Articles of Incorpora- tiOn are in pursuance of such purpose, executed and acknowledged:
 ARTICLE |.
 1. The names of the ircOrroratoTs are W. T. O'Donnell, F. J. Craig. and H. L. Aulls.
 ?. The name of the corporation is The Texas Development Company.
 8. The general office and principal place of business in the Territory of Arizona is Bisbee, Cochise County, Arizona, out branch offices may be established and maintained and busi- ness conducted in any other stal4 or territory or in the Republic of MCXico, as the board of directors may provide
 1. The officers Oi 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 may from time to time determine
 ,. The board of directors snIII 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. Haliihan shall constitute. the board of Directors to serve for one year, CT uni iHelrI successors are elected and qualified
 ARTICLE II.
 
 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 recorIer of Cochise County, Arizona, ant in tine office of the territorial audit"-.
 ARTICLE IiI.
 The capital stock of this corpora tion shall be five hundred tnOusaCd dollars ($5OO,O00), divided into ere hundred thousand 0OO,OOO) 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 t1e tine 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:
 l. 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 for.
 3. The manufacturing, purchase of or otherwise acquiring of goods, 1 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 i 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.
 D: ms CUrpOTaIIUn may Issue i DUuGs, VrUHuissUry notes and other i 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 confided 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 sessing the same power in respect i 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 the sum of