Bisbee daily review., 1910-07-31
ARTICLES OF INCORPORATION
PITTS ROYALTY COMPANY

i Montgomery and Jay C.. Raub, al
J, residents OF the County OF Cochise
/, Territory OF Arizona. have assoc. ate,
} and do hereby associate ourselves to
gether for the purpose OF forming /,
, corporation under the laws OF the
Territory OF Arizona and in accord
ance Herewith do hereby adopt
sign and acknowledge the followin.
as the articles Of such corporation.
ARTICLE
The names of the corporators are
John W. Pitts Leonard E. Mont
gomery and Jay c. Raub; the name
Of the corporation shall be PITTS
ROYALTY COMPANY; and is
principal office and place of trans
acting business shall be in the City
OF Bisbee County of Cochise, Ter
ritory of Arizona with branch offices
and places OF business at any Other
place or places in any Of the states
territories colonies or dependencies
Of the United States, in the District
OF Columbia, or in any foreign coun
try as may be des. grated and es-
tablished from time to time by the
Board OF Directors of the company
hereinafter provided for.
ARTICLE
The general nature of the business
proposed to be transacted by and
the objects and purposes OF the for
nation of said corporation are as
follows:
(a) To apply for obtain register,
purchase lease or otherwise to &C
quire and hold use own, operate.
Introduce sell assign, or otherwise
to dispose Of any trade marks, trade
names patents inventions, improve
ments and processes, or any interest
therin used in connection with, or
secured under letters patent Of the
United States, or any foreign coun-
try or otherwise and to use, exer-
else develop. grant licenses in re-
speet OF pay or collect royalties up
on or otherwise turn TO account any
such trade marks. trade names pat
ents. inventions. licenses processes
and the like or any such property or
rights.
Oh To construct or otherwise &C
quire buildings factories machinery.
ships boats, cars engines and other
equipment, railroads. docks elevators,
water works, gas works electric
works viaducts aqueducts canals
and other water ways. and any other
means of transportation and to sell
the same, or otherwise to dispose
thereof or to maintain and operate
the same, except that in the case Of
railroads, tramways turnpikes or ca
nails, this corporation shall only have
power to construct and operate the
same from its principal works or
place of business TO some navigable
stream or to some existing railroad
turnpike or public highway.
(c) To engage in any manufae-
turing, mining, construction or
transportation business of any kind
or character whatsoever and to that
end to acquire. hold own and dispose
Of any and all property. assets stocks
bonds and rights Of any and every
kind.
otherwise acquire mechanical devices
and machinery of every kind and
character, and goods wares mer-
chandise and personal property of
every class and description and 10
hold own mortgage, sell brother
wise dispose of trade deal in and
deal with the same.
fe) To acquire the good will prop
erty, rights franchises and assets
OF every kind and the liabilities Of
any person firm. association or cor
poration, either wholly or partly. and
to pay for the same in cash stock
or bonds of this corporation or 9TH
erwise
90 To enter into make perform
and carry out contracts of every
kind. and for any lawful purpose
with any person firm, association or
corporation.
(g) To borrow money, and secure /
the payment of same by the issue of
debentures or debenture stock or in |
such other manner as the corporation I
shall think fit.
CHI To draw make accept en-
dorse, discount, execute and issue
promissory notes bills OF exchange |
warrants bonds debentures, and 9TH
er negotiable or transferable instru- /
ments.
CD To cGldEci business In any of I
the states territories colonies or
dependeucies of the ITnited States Il
In the District Of Columbia, and any /
and all foreign CENTRES, and to have |
one or more officers therein. and TO |
hold, purchase. mortgage and convey |
real and personal property without
limit as to the amount therein, but |
always subject to the laws thereof.
Cd To remunerate any person |
or corporation for services rendered !
or to be rendered, In placing, or as
sisting to place. or guaranteeing the |
placing Of any Of the shares Of stock |
Of the corporation. or any debentures !
or other securities OF the corpora
ton, or in or about the formation or
promotion Of the corporation. or In
the conduct Of its business.
(k) Subject to the provisions OF
law. to purchase, hold, sell and re-
issue the shares of capital stock Of
this or any other corporation.
The foregoing clauses, (a) to (k), |
inclusive, shall be construed both as
objects and powers.
In general. to carry on any other