The oasis., 1908-01-25
ARTICLES OF INCORPORATION
 --OF THE MORALES CoNSOLIDATED COPPER
 COMPANY.

KNow ALL MEN BY THESE PRESENTS, That we, whose hands are hereunto affixed, do hereby associate ourselves together for the purpose of forming corporation under the laws of the Territory of Arizona and to that end make the following statement:
 FIRST: The names of the corporators are Anton Proto, Louis J. F. lager, c. T. Jones, Louis Proto, and the name of the Corporation shall be the MORALES CONSOLIDATED COPPER COMPANY The principal place within the Territory of Arizona in which the business of said Corporation is to be transacted is Nogales, Santa Cruz County, Ari- zona, and the Corporation may establish branch offices either within or without the Territory of Arizona where meetings of 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:
 general mining and reduction business with full powers to buy and sell shares in the capital stock of this and other corporations, and to make contracts; to purchase, lease bond locate or otherwise acquire, own, exchange, sell or otherwise dispose of, pledge, mortgage, hypothecate and deal in real estate and any and all kinds of personal property; mines, inning claims oil lands, coal lands mineral lands oil, gas, coal, shale, asphaltum, petro- leum, asbestos, salt, water and water rights and machinery, and to work, mine, explore, operate and develop the same; and in general to do all things necessary to the proper con duet of the business of this Corporation in the Territory and elsewhere, not inconsistent with the laws of the United States and the
 
 and State of sonora.
 THIRD: The authorized amount of capital stock of this Corporation shall be Five Hundred Thousand Dollars $500 O0O) divided into Five Hundred Thousand shares of the par value of One Dollar (Sl00) each. At such times the Board of Directors may by resolution direct, said capital stock shall be paid into this Corporation, either in cash or by the sale and transfer to 1t, of real or personal property for the uses and purposes of said Cor poratlon, in payment for which shares of the capital stock of said corporation may be issued, and the capital stock so issued shall thereupon and thereby become and be fully paid up and non-assessable, and in the absence of actual fraud in the transaction the judgment of the Directors as to the value of the property purchased shall be conclusive.
 FOURTH: The time of the commencement of this Corporation shall be the date of the filing of d certified copy of these Articles of Incor poraton in the office of the territorial auditor and of the recorder of Santa Cruz County, and the termination thereof shall be twenty-five years thereafter.
 FIFTH: The affairs of this corporation shall be conducted by board of Eleven Directors and the following named shall constitute the Board of Directors until their successors are elected :: Epes Randolph, L. J. F. lager, C.. T. Jones, Louis Proto, NJ. B. Ketchum, Anton Proto, w. A. McGovern, F. J. 0'Brien, c. A. Schrader, C. I. Roberts. W. c. Bowman. Thereafter the Board of Directors shall be elected from among the stockholders on the first Monday in April of each year. The officers of said Cor pOration until their successors are elected shall be: EpeS Randolph, President; l.. J. F. lager, First Vice-President; NJ. B. Ketchum, Second Vice President: F. J. O'Brien, Secre- tary Anton Proto, Treasurer.
 SIXTH: The highest amount of indebtedness or liability, direct or contingent, to which this Corporation is at any time subject shall be Two Hundred Thousand Dollars, (s200, 900. .0O), , which amount does not exceed two-thirds the amount of capital stock.
 SEVENTH: The private property of the stockholders of this Corporation shall be exempt from corporate debts of any kind whatsoever.
 IN WITNESS WHEREOF, We have hereunto set our hands and seals this sixteenth day of December, 19J7.
 ANTON PRoTo, [SEALl.
 l.. J. F. LAGER, [SEALl.
 c. T. JONES TSEAL1