The oasis., 1908-05-16
ARTICLES OF INCORPORATION
 -oF THE INTERNATIONAL DEVELOPMENT & BROKERAGE COMPANY.


 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 incorporators are J. H. Cathey, Mads Sorensen, W. E. Robertson and the nsme Gf the e%TP9T@aion shall be THE BRACE 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 be held.
 SECOND: The general nature of the business proposed to be transacted by this corporation is as follows, to-wit: To buy and sell shares in the capital stock in this and other corporations, and real estate and all other kinds of proper ty, either as principal or agent; to promote projects of all kinds; to make con- tracts; 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, gas, coal, shale. asphaltum, petro- eum, asbestos salt, water and water rights ard machinery, and to work, mine, explore, operate and develop the same; and in general to do all things necessary to the proper conduct ol the business of this Corporation in the Ter rltory and elsewhere, not inconsistent with the laws of the United States and the Territory of Arizona, or any foreign state or country in which this company may operate
 THIRD: The authorized amount of the capital stock of this Corporation shall be ONE HUNDRED THOUSAND DOLLARS, (SlOO OOO) divided into One Hundred Thousand QO0OO0) shares of the par value of One Dollar ($l.OO) each. At such times as the Board of Directors may by resolution direct, said capital stock shall be paid into this Corporation, either in cash, or by the sale and transfer to it, of real or personal property for tue uses and purposes of said CDrDOraLlOn. in lt for which gharac of the capital stock of said corporation may be issued, and the capital stock so issued shall thereupOn and thereby become and be fully paid up and non-assessabl ble; and in the absence of actual fraud ill the transaction, the judg- ment 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 da:e of the filing of a certified copy of these Articles of Incor- poration ill the office of the Territorial Audi tor, 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 Three Directors, and the following named shall constitute the Board of Directors until their successors are elected: J. H. Cathey, Mads SorensOn, w k. Robertson. Thereafter the Board of Directors shall be elected from among the stockholders on the second Monday in January of each year. The officers of said Corporation until their successors are elected shall be: J. H. Cathey, President; Mads Sorenson. Vice PresldenJ ana general Manager; w. k. Rob- ertson, Secretary and Treasurer.
 SIXTH: The highest amount of indebtedness or liability, direct or contingent to which this Corporation is at any time subject shall be Fifty Thousand Dollars ($50,00000), which amount does net 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 4th day of April, A. D. 1908.
 J. H. CATHEY, (SEAL)
 MADs. SoRENsoN, (SEAL).
 w. E. ROBERTSON, (SEAL).