Bisbee daily review., 1909-02-09
ARTICLES OF INCORPORATION
 OF cANANEA MINING 6 DEVELOP. MENT COMPANY.

KNOW ALL MEN BY THESE PRESENTS. that we. the undersigu- ed, William Bracken and Edward Quirk, being citizens of the United States of America, have voluntarils associated ourselves for the purpose of forming corporation under the laws of the Territory of Arizona. and We certify;
 FIRST: That the name of the said corporation shall be "CANANEA MINING & DEVELOPMENT COM PANY."
 SECOND; That the principal place Of transaction of business shall be City of Bisbee, Cochise County, Ter ritory of Arizona, and such other branch offices as the Board of Di- rectors may from time to time es- taolish.
 THIRD: The capital stock of said corporation shall be Two Million Five Hundred Thousand Dollars (s2,500.- 100000 divided into Five hundred thousand shares (500,000) of the par value of Five Dollars (s5.00) each. These shares when issued shall be fully paid up and non-assessable. Said capital stock or any part thereof may be sold for cash or may be issued in payment fo- property, services, rights or interests purchased or otherwise acquired by said corporation, upon such terms as the Board of Directors may determine, and the time when and the conditions upon which it is to be paid in shall be as prescribed by the Board of Directors.
 FOURTH. That the general na- ture of the business to be transacted by the said corporation is; to locate, purchase, lease. hold, work. develop, sell, mortgage and dispose of mines and mineral lands, mill sites. timber. lands and ranches: electric light plants, foundries and power plants. water and water rights, ditches and aqueducts, wagon roads, railroads and tramways, sailing vessels and steam CTS, leading from its principal works to existing highways, railroads, navi- gable streams, and seaports; fran chises. machinery and apparatus, stamp mills, smelters, refineries and processes, and to maintain, use, oper- ate the same for mining, extracting, milling, reducing, refining and other wise treating. shipping. handling and otherwise disposing of ores for the recovery of gold, silver, copper and other metals and mineral oils. Also to own, sell, purchase, mortgage and otherwise to acquire and dispose of ! real estate and other property includ ! ing townsites, and to mine, extract, | reduce and smelt, refine and treat | ship and handle ores and oil for itseli and custom. Also to deal in mer- chandise, to create indebtedness and execute promissory notes and other evidence of indebtedne ss. and to SC cure the payment thereof and to pay the same in capital stock or money or otherwise, it being provided that l the highest amount of indebtedness and liability shall not at any time exceed in the aggregate the sum oi Five hundred Thousand Dollars (s50G. 000.00l. and to do and perform any
 and all acts necessary to be done fol the purposes aforesaid. whenever and wherever deemed advisable by the Board of Directors of said cor pOration within said Territory. with in the said United States and Repub lie of Mexico.
 FIFTH: The time of commence ment of this corporation shall be or
 the date of the filing of a certified l copy of these articles Of incorporation
 in the office of the Territorial Auditor of the Territory of Arizona, and the
 term of the corporation and the time
 for which it shall endure shall bt twenty-five years from and after the
 date of the filing of said copy of these articles of incorporation in the office
 of said Territorial Auditor. at the ex ipiration of which twenty-five years the corporation shall terminate ana end. unless renewed pursuant to the laws Of the Territory of Arizona.
 l SIXTH. The management and con trol of the corporations business ana affairs and property shall be vested In and conducted by a Board of Di rectors. consisting of not less thar three (3) or not more than seven e,
 directors who shall be selected eaci
 year from the shareholders at tns irregular annual meeting. which shal
 be on the last Monday in January O each yeaE They shall hold office foI lone year until their successors ar, lelected. The Board of Directors
 shall at present consist of three per
 sons. which number may be increased
 at any time by resolution of the Boar of Directors. and the Board of Direct
 ors shall also appoint such additIona directors until the next annual meet ing of stockholders thereafter. Tn. l following zaall constitute tho Direct