Daily Arizona silver belt., 1907-03-22

citizens of the United States of Amer ics, have this day voluntarily associated ourselves together for the purpose of forming a corporation under the laws of the Territory of Arizona, and we hereby certify, acknowledge and adopt the following Articles of Incorpora- ton:
 ARTICLE |.
 The name of this company shall be Turnbull Development Company.
 ARTICLE II.
 The principal place of business of this corporation shall be in the City of Globe, Gila County, Arizona Territory.
 ARTICLE III.
 The general nature of business, pur, suit and enterprise proposed to be tran saeted by this corporation is as fol. lows:
 (a) To purchase or otherwise ae- quire, own, hold, sell, bond, rent, lease, mine and work mines and mineral lands and the products thereof.
 (b) To purchase or otherwise ae- quire, own, hold, sell, bond, rent, lease and sublet water, water rights, maehiu, cry, supplies, materials and other arti- cles necessary or convenient for use in connection with and in the carrying on of the business herein mentioned or any part thereof.
 (e) To purchase or otherwise ac. quire, own, hold, sell, bond. rent, lease, sublet, maintain, manage or construct pipe lines, tracks, reservoirs. roads, tramways, fumes, canals, ditches, em- bankments, telephone or telegraph lines, railroads and other works, smelting and refining plants, property or appliances that may be incident or auxiliary to the main business of this corporation, as set forth in subdivision (a) hereinabove, or that may be deemed necessary. expedi, ent, useful or convenient to said main business by the Board of Directors of this corporation.
 (d) To sell, convey, bond, lease, mortgage or otherwise dispose of any and all of its property of every charac ter whatsoever.
 ARTICLE ".
 The amount of capital stock of this corporation shall be Five Hundred Thousand (s5OOOOO) Dollars, divided into Five Hundred Thousand shares of the par value of One Dollar (Sl.OO) each and the time when and the conditions upon which said Capital stock is to be paid in shall be regulated and provided for by the Board of Di. reetOrs.
 ARTICLE V.
 The time of the commencement of this corporation shall be the date of the filing in the office of the Secretary of the Territory of Arizona, of a eer- tifed copy of these Articles of Incor- poration, and the termination shall be twenty-five years thereafter.
 ARTICLE VI.
 The affairs of this corporation shall he conducted by Board of Directors consisting of not less than three per sons, who shall be shareholders. A ma jority of said Board shall constitute a quorum for the transaction of business. and the first directors shall be: Wm. " VpA''f iis 4Ns HNdNiDt, VI. W JOntS anu Geo. K. Hill, Lyman Woods and J. H. Thompson, who shall hold office until 10 Q clock A. NJ. of the first Monday of May, 1908, and until their successors are elected and qualified.
 Thereafter, the directors annually. at a stockholders meeting to be held at the office of the company at Globe, Ari. zona, on the first Monday in May. at ten o o'cloek, A. M., in each year, shall he elected and qualified for the term of office commencing on the first Mon day in May in each year.
 The Board of Directors shall have power at any time to fill vacancie. therein.
 ARTICLE VII.
 The officers of this corporation shall be President, Vice President, Secretary. Treasurer and such minor offices as the Board of Directors may, from time to time, deem it wise and expedient to have. The President, Vice President. Secretary and Treasurer shall be elected annually by the Board of Directors from their own number at the first meeting of the Board following the an. nual election of the said Directors. The offices of Secretary and Treasurer may, in the discretion of the Board of Direct prs, be held by one person.
 ARTICLE VIII.
 The highest amount of indebtedness or liability to which this corporation IS at any time to subject itself, shall in no case exceed One Hundred Thou sand (sl00,0OO) Dollars.
 ARTICLE K.
 The Board of Directors shall adopt Bylaws for this corporation which may be altered, repealed or amended by said Board
 ARTICLE x.
 The private property of the stoekhold CTS of this corporation shall be exempt from any and all liability for the cor porate debts of this corporation.
 lp Witness Whereof, we have here unto set our hands and seals this 18th day of March, A. D. 1907.
 VIM. WOOLSEY (SeaD
 H. N. RASCOE (Seal)
 G. w. JONES (SeaD
 GEO. R. Hill