Bisbee daily review., 1910-07-27
ARTICLES OF INCORPORATION OF
PITTS ROYALTY COMPANY


, gether for the purpose Of forming a
/ corporation under the laws of the
Territory of Arizona. and in accord
ance Herewith. do hereby adopt.
sign and acknowledge the following
as the Articles of such corporation:
ARTICLE I.
The names Of the corporations are
John w. Pitts, Leonard f. Mont
sgomery and Jay c. Raub; the name
OF the corporation shall be PITTS
ROYALTY COMPANY; and its
principal office and place OF trans
acting business shall be in the City
i 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 designated and es-
tablished from time to time by the
Board of Directors Of the company.
hereinafter provided for.
ARTICLE u.
The general nature of the business
, proposed to be transacted by. and
the objects and purposes Of the for.
nation Of said corporation. are %
[ follows:
(a) To apply for. obtain. register.
! purchase. lease. or otherwise to ac-
ouire 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 inter
/ est therein. used in connection with.
I or secured under letters patent of
I the United States. or any foreign
( country, or otherwise. and to use
/ exercise, develop, grant licenses in
respect of. pay. or collect royalties
upon or otherwise to turn to account.
: any such trade marks. trade names.
I patents. inventions. licenses, pro
eesses and the like, or any such
/ property or rights.
/ (b) To construct, or, otherwise &C
I quire. buildings. factories, machinery,
ships. boats, engines. cars and other
equipment. railroads. docks. elevators.
I 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 10 dispose
thereof or to maintain and operate
! the same. except that in the case of
railroads. .tramways. turnpikes or
canals, 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 manufac-
aturing. mining. construction or
transportation business of any kind
or character whatsoever. and to that
end, to acquire, hold. own and dis
pose Of any and all property. assets.
stocks, bonds and rights Of any and
every kind
/ Id To manufacture. purchase OF
otherwise acquire mechanical devices
and machinery of every kind ard
character. and goods, wares. mer-
ehandise and personal property of
every class and description, and to
hold. own, mortgage, sell. or other
wise dispose of. trade. deal in and
deal with the same.
l (e) 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 other
wise.
I 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.
I q To borrow money and secure
the payment of same by the issue
of debentures or debenture stock. or
in such other manner as the cor
poration shall think fit.
4 {h) To draw, make, accept. en-
dorse, discount, execute and issue
,promissory notes. bills OF exchange,
warrants, bonds, debentures. and 9TH
er negotiable or transferable in
struments.
! () To conduct business i'm any
of the states, territories, colonies OF
dependencies of the United States.
in the District of Columbia. and any
and all foreign contries. 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.
ID To remunerate any person
or corporation for services rendered
or to be rendered. in placing. or as
sisting to place. OF guaranteeing the
bplacing Of any of the shares Of stock
of the corporation. or any debentures
sor other securities OF the corpora
ton, or in or about the formation OF
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