Bisbee daily review., 1907-09-01
ARTICLES OF INCORPORATION,
of the Texas Development Company.

We, the undersigned, do hereby vol untarfly associate ourselves together for the purpose of forming a corpora tion under the laws of Arizona, and the following Articles of Incorpora- tiOn are in pursuance of such purpose, executed and acknowledged:
 ARTICLE I.
 l. The names of the incorpuratoTs are VI. T. O'Donnell, E. J. Craig, and H. L. Aulls
 2. The name of the corporation is The Texas Development Company.
 3. 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 CT territory or in the Republic of Mexico, as the board of directors nay provide
 4. The officers Of the corporation shall be: A board of directors, presi- dent, yice-president, secretary and treasurer, and such other officers as the board of directors or stockholders may from time to time determine.
 5. The board of directors shI.I consist of five members, who shall be elected annually at the annual meeting of the stockholders, the daJe 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 t5eir successors are elected and qualified.
 ARTICLE n.
 The duration of this corporation 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 recorder of Cochise County, Arizona, and in tine office of the territorial auditor.
 ARTICLE III.
 The capital stock of this corpora. tion shall be five hundred thodsard dollars (S500.000), divided into ore hundred thousand (100,00O) shares the par value of five dollars eacn. The said capitalization may be increased by vote of the stockholders as Tequir. ed by law. The private property of . tha- -ztnnkhnldaEs- -nf -this enumeration shall be exempt for all liability for corporate debts, and the manner of issuing the capital stock and tSe tiGte 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, 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 uets thereof.
 2. The mining and reduction of minerals and metals and the acquisi tion of all property necessary there for.
 8. The manufacturing purchase oi or otherwise acquiring of goods wares and merchandise of every de seriptti0n and buying, selling, dealing in and disposing of the same. 1. The acquiring, by purchase, con struction. or otherwise, Of telegraph ol telephone lines, railways, tramway: of every description, canals and ditch es for irrigation or drainage; of cleo tric light and power plants, and tht use thereof in any manner that may be deemed advisable by the board O directors.
 5: This corporation may issue bonds, promissory notes and othe ! evidences of indebtedness and ma! secure the same by the issuance ant execution of mortgages and ever. form of lien in security thereof upor the property of the company acquires or to be acquired, and may, and is ex | pressly given the power to, hold, own possess and deal in, assign, sell ant transfer, mortgage. pledge or other wise dispose of. bonds, debentures or other evidences Of indebtedness and the shares of the capital stock O companies and corporations of ever. character. and to vote such shares and for this purpose she funds and as sets of the company are hereby e1 pressly confided to the board of al rectors to be used. in such name as they may deem expedielt
 6. To acquire and transfer proI ersy. real, personal. or mixed, pos sessing the same power in respec thereto as private individuals enjoj
 ARTICLE V.
 The highest amount of indebted ness and liability, direct or contir gent, to which the company shah b liable, shall never exceed the sum C one hundred thousand dollars.