Graham guardian., 1910-02-04
lat publication Jan 14-6t
ARTICLES OF INCORPORATION
OF THE
El Progreso Development
Company

KNOW ALL MEN BY THESE PRESENTS:
That we, the undersigned, have this day as
sociated ourselves for the purpose of formir z a
corporation under the laws of Arizona. ard ioI
that purpose do adopt the following Articles oi
interpretations:
The names Of the incorporators are: Chris.
tian Kern, Julius Kern both of Port Huron
and William Aikmsn, Jr., Charles W. Restrlck
and George F. Scheffer, OF the city of Detroit
Wayne tounty, State of Michigan. and the
kEsS fps Of e' sss Ss EL
ARTICLE II,
rhe principal place of business of this cor
poTation in the Territory of Arizona shsil be at
willcov, Cochise County, Arizona and the
principal place Of transacting business outside
Of arizona, shall be at Detroit, Michigan. al
and directors meetings may be held and all
corporate business may be transacted. Unless
otherwise hereafter determined by the stock
holders Of, 9t this company acting under the By
b. in the city of Detroit. Michigan
ARTICLE III.
The amount Of capita stock of this corpora
II n shall be Two Hgndred Thousand $500 600
Do lars, divided int shares of the par alue oi
ave dol ars $500 each. and said capital stock
such time as the Board of directors may desig.
Late, In money, property, labor, or any other
valuable right or thing, and in the senee OF
actual fraud in the transaction, the Judgment
of the Bosrd Of Directors as to the value thereof
shall be conclusive.
ARTICLE ~
The neral nature of the business in which
this corporation shat engage 10 as follows to.
wit; TO buy, locate lease, own, deve op, work.
transfer aud Sc Il mines and mining properties;
ito buy, own, assign, transfer aud Sc the
bonds, securities and csl itsl st ok of other cor.
porations; t. carry un the business of mining
mil ing, SINE ting, refining q and dea ing in ores
and minerals; to buy, erect, operate machinery,
water rights, pipe llnes, bitches and reservoirs:
TO buy. own. lease, improve and sell real and
personal property, and ~ do all other thing
necessary aid incidental to the foregoing mat
ters; engaging in any and all kinds Of business
that a natural person may or can
ARTICLE v.
The affairs of this corporation shall be con-
Quoted by Board Of d rectors consisting OF
six t6) membrrs, and the following named per
sons shall constitute said Board of Directors
until their successors, duly qualified shall be
William Aikman. Jr, Georye F. scheaer, Julius
Kern, Delos ID. Jayne. Thereafter the Board
of Directors shall be elected by and from the
stockho ders as The Bylaws of this corporation
shall provide
tn officers of this corporation, until their
successors shall be elected sha be harles W
Restrick, President; Christian Kern. Vice presi-
dent; William Aikman, Jr, Secretary; Julius
ARTI LIE VI.
The highest amount of liability that this cor
poration shall subject itself TO at any one time
sha not exceed One Hundred Thousand
Dollars.
his corporation is formed to endure for
Twenty-Five years after these Artic es are du y
executed, but its charter rights may be re.
newed before Its charter expires) froh time tn
time for periods not exceeding Twenty fve (25)
years at time perpetusly.
ARTICLE VIII.
The private property of the stockholders
shall be and is hereby made forever exempt
from all liability for the debts or Obligations of
said corporation.
In witness whereof We the undersigned,
have hereunto set our hands snd seals this
Seventh day of December, 1909.
CHSIsTI,H KERN, lSeaD
JULIUS KERN (SeaD
DELos d. JAYNE, lSea)
CHAs W. REsrRICK, (Seal
GEORGE +. SCHEFFER, tSeaD
WILLIAM AIKaAN, JR. (Seal
County of Wayne ss''
Before me, James 8. Goodrich. Notary Pub
lie in and for said County of Wavne tate OF
Michigan, on this day personally appeared
Aikman, Jr.. George +. Scheffer, Julius Kern.
Deios ID Jayne, known to me to be the persons
who subscribed the foregoi instrument, and
severally acknowledged to me that they exc
cuted the same for the purposes and consider
atiops therein expressed.
Given under my hand and seal of ONCE this
Fourteenth day of 'iecemb-r A. D., 1909.
Srall JAMES s. GO ID tlCH.
Notary Public Wayne County, Michigan.
commission expires the 9TH day OF jan