Bisbee daily review., 1914-04-22

| | Chairman. ARTICLES OF INCORPORATION WILSON-MCLEOD DRILL EXTRAC'
 TOR Company KNOW ALL MEN BY THESE PRESENTS: That we, whose hands are hereunto affixed. do hereby asso- ciate ourselves together for the pur- pose of forming a Corporation under the laws of the State of Arizona, and to that end the following statement; | FIRST
 The names of the corporators are; i John J. Hill, Edward Wilson, VII liam A. Mcleod. J. E. Clark and J. s. Williams. whose residence and post office address are. Bisbee, Arizona and the name of the Corporation shall be:
 VII, IL,SON-MCLEOD DRILL EXTRAC- TOR COMPANY.
 The principal place within the State of Arizona in which the business Of said Corporation is to be transacted Is Bisbee, Cochise County, Arizona and the Corporation may establish branch offices either within or with nut the State of Arizona, or fin foreign countries. where meetings of the stock lholders and the Board of Directors may be held.
 SECOND
 The general nature of the business proposed to be transacted by this corporation. is as follows. to-wit;
 To make contracts concerning, to purchase, lease. bond. sell. or other wise dispose of, to manufacture pledge. mortgage. hypothecate and deal in. DRILL EXTRACTOts' DRILLS. ROCK DRILLING MA rttINFs. TO OPERATE AND M DROVE THE SAME. and in general to do all things necessary to the proper conduct of the business or thls corporation in this State and else where, not inconsistent with the laws of the United States and the State oi Arizona.
 THIRD The authorized amount of the cap lital stock of this Corporation shall pc SEVENTY THOUSAND H70'OOO.OOl lpOILARS. divided into SEVENTY THOUSAND (70000) shares or the nar value of ONE (S1O0) DOLLAR leach. At such time as the Board ol Directors may by resolution direct said capital stock shall be paid lhto lthis Corporation, either in cash or by the sale and transfer 10 it Of req Tor Iersonal property, or rights ana ln terests in real or personal property fnr inc uses and purposes Of saio Corporation, in payment Of whici shares of the capital stock of sait Corporation may be issued ana u' lcnpital stock SO issued shall there pnon and thereby become and be fully paid up and non-assessable, ana II inc absence of actual fraud in th' transaction the judgment of the D. { rectors as to the value of the prop !. crty purchased shall be conclusive e FOURTH $ The time of the commencement O D tnis .Cnrporation, shall be the date o $ the filing of a certified copy ot thes' e Articles of Incorporation according t' -- Iaw and the termination thereof. shal }. he twenty five years thereafter. |. FIFTH
 The affairs of this Corporation shal |, he conducted by Board of five Di rectors. and the following named per sons shall constitute the Board o |. Directors until their successors arr elected and qualified;
 John J. Hill. Edward Wilson WI r. liam A. Mcleod, J. E. Clark and Williams. Thereafter the Beard O Directors shall be elected from amoni inc stockholders on the first Monda! in January Of each year
 SIXTH
 The highest amount of indebtedness or liability, direct or contingent U which this Corporation is at any tim tsubject. shall not exceed two-third B. (2-3) of the amount of it's capita l- stock
 s- SEVENTH
 The officers uof said Corporation luntil their successors are elected an
 qualified. shall be: John J. Hill, Pres y ident, Edward Wilson, Vice President
 J. E. Clark, Secretary William 1 Id Mcleod. Treasurer.
 m EIGHTH it The private property of the stocl