The oasis., 1907-06-08
ARTICLES OF INCORPORATION
OF THE FL DURAZNo GOLD MINING COMPANY.

KNOW ALL MEN BY THESE PRESENTS: That we, whose hands are hereunto affixed, do hereby associate ourselves together for the purpose of forming a corporation under the laws of the Territory of Arizona, and to that end make the following statement:
 FIRST: The names of the corporators are q. W Phillips, Frank Irvine, $. M. Welch and E. L. Griswold, and the name of the Corpora tion shall be FL DURAZNO GOLD MIN ING COMPANY. The principal place within the Territory of Arizona in which the business of said Corporation is to be transacted 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
 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 claims, oil lands, coal lands, mineral lands, oil, gus, coal, shale, asphaltum, petro- leum, asbestos salt water and water rights and machinery, and to work, mine, explore, operate and develop the same; and in general to do all things necessary to the proper con duct of the business of this Cooperation in the Territory and elsewhere, not inconsistent with the laws of the United States and the Territory of Arizona.
 THIRD: The authorized amount of capital stock of this Corporation shall be Five Hundred Thousand Dollars (Sj0000O) divided into Five Hundred Thousand shares of the par value Of One Dollar (Sl00) each. At such times as the Board Of Directors may by resolution direct, said capital stock shall be paid into this Cor p0ration. either in cash or by the sale and transfer to 1t, of 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 so issned shall thereupon and thereby become and be fully paid up and non-assessable, and in the absence of actual fraud in the transaction the judgment of the Directors as to the value of the property purchased shall be conclusive.
 FOURTH The time of the commencement of this Corporation shall be the date of the filing of a 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 not less than three nor more than seven directors and the follow ing named shall constitute the Board of Directors until their successors are elected :: .C. W. Phillips, Frank Irvine, s. M. Welch, Frank \. Cox, and E. l.. Griswold. There after the Board of Directors shall be elected from among the stockholders on the first Monday in March of each year. The officers of said Corporation until their sue cessors are elected shall be: C. w. Phillips. President; Frank Irvine, Vice.President; $. M. Welch, Secretary; E. l.. Griswold, Treasurer.
 SIXTH: The highest amount of indebtedness or liability, direct or contingent, to which this Corporation is at any time subject shall be One Hundred Thousand Dollars (SlOOO0O.OO, which amount does not exceed two-thirds the amount of capital stock.
 SEVENTH: The private property of the stockholders of this Corporation shall be exempt from corporate debts of any kind whatsoever.
 our hands and seals this second day Of May, l9J7.