The oasis., 1907-07-27
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ARTICLES OF INCORPORATION
 --oF THE YAQUI CENTRAL DEVELOPMENT
 COMPANY.

KNow ALL MEs 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 NJ. P. Wright, +. :. England F. Donnell :. T. Waggener, C. C. England, F. K Recent and Corporation shall be YAQUI CENTRAL DEVELOPMENT COMPANY. The principal place within the Territory of Arizona in which the business of said Corpora tion is to be transacted is Nogales santa Cruz County. Arizona, and the Corporation may establish branch offices either within with out the tory ot 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:
 X general Mining, Reduction and Merchan- dising Company with full power to make con- tracts to purchase, lease, bond. locate or otherwise acquire, own, exchange, sell or otherwise dispose of, pledge. mortgage hypothecate ard deal in real estate and any and all kinds of personal property including shares iu this and other corporations; mines, mining claims, oil lands. coal lands mineral lands oil gas, coal shale, asphaltum. petrO- leum, asbestos, salt, water and water rights and machinery, ana tO work, mine, explore. operate and develop the same and in general do al things necessary to the proper conduct of the business of this Corporation Ill the Ter ritOry or elsewhere not inconsistent with the ! laws of the United states and the Territory of Arizona, the Republic of Mexico, and State Of sonora.
 THIRD: The authorized amount of capital l stock of this corporation shall be Five Hundre l Thousand Dollars ($500,0O000) divided into five 1 hundred thousand shares (i00000) of the par ] value of One Dollar (Sl.00) each At such | times as the Board of Directors may by resolu- tion direct, said capital stock shall be paid into | this Corporation, either in cash or By sale and transfer to it. of real estate or personal proper ] fr bp said | ton. in payment for which shares of the capital stock of said Corporation may be issued and the capital stock so issued shall thereupon and thereby become and be fnlly paid up and non assesSable, and in the absence | of actual fraud in the transaction, the judg- ment of the Directors as to the value ot the property purchased shall be conclusive,
 FOURTH: The time ot the commencement of | this Corporation shall be the date of the filing of a certified copy of these Articles of lncor- poration i'll 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 1 be conducted by board of seven directors | and the following named shall constitute the Board of Directors until their successors are eected Who shall have power to increase their number, and their successors shall have like power: NJ. P. Wright, Allen T. Bird, J. F. Donnell, R. s. England, s. T. Waggener, C. |. England, F. X. Recent. Thereafter the Board of Directors shall be elected from among the ! stockholders on the First Monday i'll July Ct each year. The officers of sa Corporation until their successors are elected, shall be-
 $. T. Waggener President. R. $. England, Vice President; c. c, England, Secretary; J. F. Donnell, Treasurer.
 SIXTH The highest amount of indebtedness or labil ty, direct or contingent, to which this Corporation is at any time subject shall be Two Hundred Thousand Dollars (s20l0o000) which amount dces 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 10th day of July, 1907.
 N. P. WRIGHT SEAL.
 ALLEN T. BIRD, SEAL
 J. F. DONNELL, lSEAL}
 E. S ENGLAND, lSEALl.
 g. T. WAGGENER, lSEALl