Bisbee daily review., 1909-02-07
ARTICLES OF INCORPORATION
 OF cANANEA MINING 6 DEVELOP MFNT CnMpAHN

1 KNOW ALL MEN BY THESE PRESENTS, that we, the undersigil- led. William Braeken and Edward QuirS, being citizens of the United States of America, have voluntarily associated ourselves for the purpose of forming a corporation under the laws of the Territory of Arizona, and We certify;
 FIRST: That the name of the said Icorporation shall be "CANANEA MINING & DEVELOPMENT COM PANY."
 SECOND: That the principal place lof transaction of business shall be City of Blsbee. Cochise County Ter ritory of Arizona, and such other branch offices as the Board of Di. rectors may from time to time es- I taolish.
 THIRD: The capital stock of said corporation shall be Two Million Five | Hundred Thousand Dollars ($2 ,500,- 000.00) divided into Five hundred | thousand shares (500,000) of the par value of Five Dollars (s5.00) each. l These shares when issued slall be l fully paid up and non-assesSable. Said capital stock or any part thereof may be sold for cash or may be issued in payment for 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 whom and the conditions upon which it Is tC be paid in shall be as prescribed by the Board of Directors.
 t FOURTH: That the general na- ture of the business to be transacted by the said corporation is; to locate lpurchase, lease. hold, work, develop tsel, mortgage and dispose of mines and mineral lands, mill sites, timber Hands and ranches; electric light plants, forndries and power plants water and water rights, ditches and aqueducts, wagon roads, railroads an( ltramways, sailing vessels and steam CTS, leading from it's principal workt Ito existing highways, railroads, navi gable streams, and seaports; fran chises, machinery and apparatus stamp mills, smelters, reineries anC processes, and to maintain, use, opeT ate the same for mining, extracting milling, reducing, refining and other wise treating, shipping, handling ana otherwise disposing of ores for th' recovery of gold, silver. copper anS other metals and mineral oils. AlsS to own, sell, purchase, mortgage ana ] otherwise to acquire and dispose O 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 itsel and custom. Also to deal in meT chandise, to create indebtedness an execute promissory notes and othe evidence of indebtedness. and to se cure the payment thereof and to pa the same in capital stock, or none. Tor otherwise, it being provided tha tthe highest amount of indebtedness and liability shall not at any tim
 exceed in the aggregate the sum O
 Five hundred Thousand Dollars ($500 l000.06l. and to do and perform an,
 and ali acts necessary to be done 10
 the purposes aforesaid wheBeve and wherever deemed advisable b,
 the Board of Directors Of said COT : poration within said Territory. with ! in the said United States and Reput 1 lie CT Mexico.
 FIFTH: The tine of commence ] mont of this corporation shall be o
 the date of the filing of a certjfe 5 copy of these articles of incorporatio
 in the office of the Territorial Audito 2 of the Territory of Arizona. and tn
 term of tae corporation and the tim
 for which 1t shall endure shall b twenty-five years from and after tn Edate of the filing of said copy of thes
 articles of incorporation in the offic lof said Territorial Auditor. at the es lpiration of which twenty-five year
 the corporation shall terminate an 9 end. unless renewed pursuant to tn
 Jaws of the Territory of Arizona
 SIXTH. The management and COT
 trol of the corporations business an affairs and property shall be veste in and conducted by a Board of D
 rectors. consisting of not less tha
 three (3) or not more than seven q
 directors who shall be selected eac
 year from the shareholders at tn
 regular annual meeting. which shal
 be on the last Monday in January C
 each year. They shall hold office fc
 one year until their successors ar lelected. The Board of Director
 shall at present consist of three pc
 sons. which number may be increase
 at any time by resolution of the Boar Iof Directors. and the Board of Direc
 nrs shall also appoint such addition. n directors until the next annual nee