The copper era., 1904-07-14


 KNOW ALI ME> BY rHr-r PRi-tSr.. That We the undersigned have thi, day asso- ciated ourselves together for thc purpose Of organizing corporation. under aud 10, yirtuc of the laws of thc Territory of Arizona. nni in accordance herewith do hereby adopt. sign and acknow ledge these present., a. its Articles of Incorporation to-wit
 Article i. The name of the corporation i~ and shall be. clifton Investment Company The names of the incorporniors of this corpor- ation arc A r. Williams. ! 1T. kcfhy. r B. Inglis Phoebus FrcudcnthHl Chns. solomon and ]. A. Merrill. The location of its principal place of business in this Territory shall bc at Clifton. Graham County. Arizona. with an of flee at solomonville, in said county and terri tory.
 Article II. The general nAturc'of the husi- ! ness proposed to be transacted by this corpora | ton in the Territory of Arizona and elsewhere. | shall be. to purchase. sell. build, own. main. | tain, hold and convey houses on leased lands or | 'e8t -h0us~s n1i csYii~~t rental therefor; also io subscribe for. buy and sell all kinds of stocks. bonds and mortgages Of other industrial corporations in the Territory Of Arizona and elsewhere.
 Article III The amount of capital stock of | this corporation shall be twenty five thousand (s21OoO) dollars divided into twenty five tnouShnu SnhfcS or the par value Dt One Dpl. lar each, to be paid in sucn manner and at such times the Board of Director, shall deter mine until the par value Of said stock shall have been paid in f,Ill
 Article ". The corporate existence of thi. corporation shall commence on the day of thr filing of these Articles of Incorporation in the office of the County Recorder of Graham County, Arizonn and the filing of 2 certified copy thereof in the office Of the Territorial Auditor. and shall continue from thc ,lnte of such filing for the period of twenty five ycars
 Article V. The corporate power of this cor | poration and the conduct of affairs thereof shall be vested in board of director com. posed Of five persons Who shall be stock khoIder. in this corporation. and A. F wllinms ! II | Kerby, T. +. Ingli-, Ph0cbus FrcudenthnI and Chas. r. Solomon, shall be the dircrtors of this corporation until the second Saturday in June 1905. or until their successors shall bc elected and qualified. The officers of this corporation shall be a President. Vice President. Secretary and Treasurer who shall Toe elected by the board Of directors from among their own mum Der and such other officers as the I,osrd of directors shall elect or appoint \ meeting of the board of directors shall bc held at Solomonvillc, Graham County. Arizona on the 2Sth day Of May 1901, for the purpose Of elect ing the officers of this corporation. and there after the officers of this corporation shall b. elected annually by the board of directors at the first meeting Of the said board following the annual election of such drcctor-
 Article VI. Tho highest amount Of iudcbt edness and liability. direct or contingent. to which this corporation shall at any one time. be subject shall ip no ease exceed two-thirds of the amount of the capital stock
 Article VII. The bylaw. ot this corporation shall be adopted at q meeting of the siockhoId CTS, to be held on the 2sth day of May. Ipoi. b, the vote of n majority of the stock issued nnd and said By laws may be amended at any time in the same manner The priva,. property of the stockholders shall be exe,ntt from all corporate debts
 In witness whereof, we and each of us have nereunto set our hands and seals this 2.th day Df May A D 1904