Arizona republican., 1909-02-28
ARTICLES OF INCORPORATIO
 Of the AMERICAN ORE REDUCTION
 COMPANY.

Know All Men By These Presents: That we, the undersigned, have this day associated ourselves to- gether for the purpose of forming a corporation under and pursuant to the laws of the Territory of Arizona, and for that purpose do hereby adopt Articles of Incorporation as follows:
 ARTICLE l.
 The name of the corporation shall be the AMERICAN ORE REDUC- TION COMPANY, and the names of the incorqorators are Manton M. Ferguson and George ". Hartley. ARTICLE IL
 The principal office of the corpora tion in Arizona shall be at Phoenix, and the principal place of business of said corporation outside of said Territory shall be the City of Des Moines, in the State of Iowa, at which said place all incorpOrators', stockholders and directors meetings may be held and all corporate busi- ness may be transacted.
 ARTICLE ILL
 The general nature of the business proposed to be transacted is to make contracts; to purchase, lease, option, locate, or otherwise acquire, own, exchange, sell, or otherwise dis pose of, pledge, mortgage, hypothe- cate and deal in mines, mining claims, mineral lands, coal lands, oil lands, timber lands, real estate, wa ter and water rights. and to work, explore, operate and develop the same, and to extract any and all minerals, oils and gas therefrom, and Ideal in the products and by-prOducts; to purchase, lease, or otherwise ac- quire, erect, own, operate or sell smelting and ore reduction works, oil refineries, saw-mills and power plants; to do a general real-estate, manufacturing and mercantile busi- ness; to own, handle and control letters patent and inventions and shares of it's own capital stock and that of other corporations, and to vote any stock owned by it the same as a natural person might do; to is sue bonds, notes, debentures and other evidences of indebtedness, and secure the payment of the same by mortgage, deed of trust, or other wise; to act as agent, trustee, brok CT, or in any other fiduciary capac- ity; and to borrow and loan money; and in general to do such acts and things and transact such business, not inconsistent with law, in any part of the world, as the Board of Directors may deem to the advantage of the corporation.
 ARTICLE ".
 The authorized amount of capital stock shall be one hundred thousand shares, with a par value of one Dol lar each; twenty shares of said stock to be sold to place the sum of Ten Thousand Dollars in the treasury and on which stock divi- dend of Ten Thousand Dollars shall be paid before the remainder of said capital stock shall participate in the earnings of the corporation. At such time as the Board of Directors by resolution may direct, said capital stock shall be paid into this cor poration, either in cash or by the sale and transfer to it of real or personal property. contracts, services. or any other valuable right or thing, for the uses and purposes of said corporation, in payment for which shares of the capital stock of said corporation may be issued; and the capital stock so issued shall there upon and thereby become and be fully paid up and forever non-asses- sable; and in the absence of actual fraud in the transaction, the judg- ment of the Directors as to the value of the property purchased shall be conclusive.
 ARTICLE V.
 The time of the commencement of this corporation shall be the date of the filing of a certified copy of these Articles of Incorporation in the office of the Auditor of the Ter ritory of Arizona; and the terminal tion of said corporation shall be twenty-five years thereafter, with the privilege of renewal as provided by law.
 ARTICLE VI
 The affairs of the corporation shall be conducted by a Board of Directors consisting of not less than three and