Bisbee daily review., 1908-05-31
Fully equipped to do anything in the Banking line

James s. Douglas, w. H. Brophy, NJ. J. Cunningham, Nj. J. Brophy and George H. Neale.
 ARTICLE IT.
 The name of such corporation shall be COCHISE COUNTY ELEC- TRIC RAILROAD COMPANY.
 ARTICLE III.
 The principal place of transacting business of said corporation shall be the City of Bisbee, Cochise County, Territory of Arizona, and such other branch offices as the Board of Di- rectors may from time to time esr tablish.
 ARTICLE ".
 The general nature of the business proposed to be transacted by sad corporation is the constructing, own ing, maintaining and operating a railroad between the City of Bisbee and the City of Douglas in Cochise County, Territory of Arizona, the same to be operated by means of steam, electricity, gasoline or any other motive power; to take huIu and acquire in any and every way real estate for Right of Way, stations, depots, yards, tanks, sidetracks, turn outs, turntables, warehouses, wosk- shops, necessary or convenient in the transaction of it's business. To take hold and acquire any and all per sonal property necessary or conV "n- tent in the construction, operation and maintenance of the said railroad. To construct, maintain and operate telephone and telegraph lines in con nection with the said railroad. To take, transport and convey persons and property on said railroad and generally to have all power as maS be necessary to enable it to exercise and enjoy fully and completely, the powers as are usually conferred upon. required and exercised by railroad corporations.
 ARTICLE V.
 The time of the commencement of said corporation shall be upon the filing of these Articles in the office of the Territorial Auditor of the Ter ritory of Arizona, and the same shall continue for fifty (50) years there after.
 ARTICLE VI.
 The amount of the capital stock of said corporation shall be Five Hun dred Thousand ($500, ,000) Dollars, di- vided into five thousand (5000) shares of. the par value of $100.00 each which said sum of $500, 900 is the actual contemplated cost of con structipg said road, together with the cost of Right of Way, motive pow CT ana every other appurtenance and thing for the completion of and run ming said road as nearly as can be estimated by competent engineers. That said capital stock shall be paid in, in such manner and at such times and under such conditions as may DC prescribed by the Board of Directors. ARTICLE VII The affairs of this corporation shall be managed by a Board of five Direc- tors and the names of the Directors who shall manage the affairs of the Company until their successors are elected, as shall be provided by the Bylaws of the Company, and who have been elected as Directors from among the subscribers, are: James s. Douglas, w. H. Brophy, M. J. Gun ningham, M. J. Brophy and George H. Neale; that an annual meeting of the stockholders of said Company shall be held on the first Saturday in April of each year at which meeting such Directors shall be elected.
 ARTICLE VIII.
 That the highest amount of indebt- edness or liability to which said cor nratiou is at any time to subject it. self, is Three Hundred and Thirty three Thousand ($333, ,000) Dollars. ARTICLE TX.
 That the place from and to which said proposed road is to be construct ed is from the City of Bisbee to the City of Douglas, in Cochise County, Territory of Arizona, being the county through which it Is intended to pass and its length as nearly as may be estimated, is twenty-five miles.
 ARTICLE X.
 That private property of stock holders is to be exempt from corpor- ate debts.
 IN WITNESS WHEREOF, we have hereunto set our names and places of residence and number of shares of 'tocB taken by us respectively in such company, this 11th day of April, 1908.
 ]. s. DOUGLS, residing at Bisbee,
 Arizona, 260 shares.
 W. H. BROPHY, residing at Bisbee,
 Arizona, Ten sha.'es.
 NJ J. CUNNINGHAM, residing at
 Bisbee. Arizona, Ten shares. M J. RROPHY. residing at Bisbee,
 Arizona, Ten shares.
 GEORGE H. NEALE residing at Bis