The oasis., 1908-02-08
ARTICLES OF INCORPORATION
OF THE INDUSTRIAL MINING COMPANY.

KNOW ALL MEN BY THESE PRESENTS: That we, whose hands are hereunto affixed do hereby associate ourselves together for the I 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 W. D. Schellinger, W. T. Lake, Allen T. Bird. J. M. Ritz, and D. L. Reeder. and the name of the Corporation shall be THE INDUSTRIAL MINING COMPANY. The principal place the business of said Corporation is to be transacted is Nogales, Santa Cruz County, Ari- zona, and the Corporation may establish 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, towit:
 To transact a general mining and reduction business, with full power to buy and sell stock in this and other companies and 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, min ing claims, oil lands coal lands mineral lands oil, gas, coal, shale, asphaltum, petroleum asbestos, salt, water and water rights and ma chineTy, and to work mine, explore operate and develop 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 of the United States and the Territory of Arizona, or the Republic of Mexico and State o5 Sonora.
 THIRD: The authorized amount of capital stock of this Corporation shall be Five Hun dred Thousand dollars ($5O00O0) divided into Five Hundred Thousand (5O0O00) shares of the par value of one dollar (S1.0O) each. At such time 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 tne uses and purposes of said Cor poration, in payment for which shares of the capital stock of said corporation may be issued, and the capital stock so issued shall thereuDOn 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 pur- chased shall be conclusive.
 FOURTH The time of the commencement of this corporation shall be the date of the filing of certified copy of these Articles of Incor- poraton in the office of the territorial auditor. and of the recorder of Santa Cruz County and the termination thereof shall be twenty y-fve years thereafter.
 FIFTH: The affairs of this corporation shall be conducted by board of five (5) directors and the following named shall constitute the Board of Directors until their successors are elected: J. Y. Baskin, J. NJ Ritz. W. D. Schellinger, D. l.. Reeder and Allen T. Bird Thereafter the Board of Directors shall be elected from among the stockholders on the first Monday in January of each year. The officers of said Corporation until their suc- cessors are elected shall be: J. Y. Baskin President; J. NJ. Ritz, Vice President; Allen T. Bird, Secretary; W. D. Schellinger, Treasurer SIXTH: The highest amount of indebtedness or liability, direct or contingent to which this Corporation is at any time subject shall be Twenty-Five Thousand Dollars ($25 000), 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 twenty-seventh day of January. 1908.
 w. T. LAKE, [SEALl.
 w. D. SCHELLIHGER, [SEAL1
 J. NJ. RITZ. SEAL
 D. l.. REEDER, [SEALl
 ALLEN T. BIRD, fSEALl