The oasis., 1907-03-02
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ARTICLES OF INCORPORATION
 -OF THE FL DURAZNO MINES COMPANY.

KNOW ALL MEN BY THESE PREsENTs That we, whose hands are hereunto affixed, do hereby associate ourselves together for the purpose Of forming corporation under the laws of the Territory of Arizona, and to that end make the following statement:
 FIRST: The names of the corporatOrs are Myron H. McCord, Frank Irvine, c. w.. Philips; ana the name of the MINES COMPANY. The principal place within the Territory of Arizona in which the business of said Corporation is to be trans acted is Nogales, Santa Cruz County, Arizona and the Corporation may establish branch offices either within or without the Territory of Arizona where meetings of the Board of Directors may be held.
 SECOND: The general nature of the business proposed to be transacted by this Corporation is as follows, to-Wit: To make contracts to purchase, lease, bond, locate or otherwise acquire, own, exchange, sell or otherwise dispose of, pledge, mortgage, hypOthecate and deal in real estate and any and all kinds of | personal property; mines, mining clain oil lands coal lands, mineral lands, oil, gas, coal, shale, asphaltum, petroleum, asbestos salt, water and water rights and machinery, and to work, mine explore operate and de- velop the same; and in general to do all things necessary to the proper conduct of the business of this Corporation in the Territory and elsewhere, not inconsistent with the laws Gf the United States and the Territory of Arizona or the Republic of Mex leo and State of sonora.
 THIRD: The authorized amount of capital stock of this Cooperation shall be One Hundred i Thousand Dollars ($l00,00Ol, divided into One Hundred Thousand shares ot the par value of One Dollar ($LOO) each At such times as the Board of Directors may by resolu- 1 tion direct, said capital stock shall be paid into this Corporation, either in cash or by the sale ana transfer to It, ot real or personal property for the uses and purposes of said corporation, in payment for which shares of the capital stock of said corporation may be issued, and the capital stock SC issued shall ara1 paid up and non-assessable, ard in the absence of actual fraud Tn the transaction the judg- ment of the Directors as to the value of the property purchased shall be conclusive. i FOURTH: The time of the commencement of this Corporation shall be the date of the filing of d certified copy of these Articles of lncor- poration in 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 Directors and the following named shall con. stitute the Board of Directors until their successors are elected: Bracey Curtis, Frank N. Cox, Myron H. McCord, after the Board of Directors shall be elected from among the stockholders on the Second Monday in March of each year. The officers of said Corporation until their successors are elected shall be: Myron Fl. McCord, Presi- dent and Treasurer; Frank Irvine, Vice-Presi- dent; c. w. Phillips, Secretary
 SIXTH. The highest amount of indebted ness or liability, direct or contingent, to which this Corporation is at any time subject shall be Fifty Thousand Dollars ($50O00) 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 Fourth day of Jan uary, 1907.
 MYRoN H. MCCoRD, [SEAL.1
 CHARLES w. PHILLIPS, fSEAL.l
 FRANK IRVINE, fSEAL.l