The copper era and Morenci leader., 1912-03-15
ARTICLES OF INCORPORATION '''7- OF THE GREENLEE INVESTMENT
 COMPANY

G. n. V. vidson, J. A. Scott and A. H. David son, residents of the State of Arizona, have associated ourselves together for the purpose of forming Corpora ton under the laws of the State of Arizona, and in accordance herewith execute and adopt the following as the articles of the incorporation of said Corporation.
 ARTICLE
 The name of this corporation shall be "Greenlee Improvement Company and it's principal place of business and office shall be in the town of Moren- ci, County of Greenlee, State of Ari- zona, with branch offices elsewhere, either within or without the State of Arizona, as may be designated and established by the board of directors, hereinafter provided for.
 ARTICLE II.
 The general nature of the busi- ,moted and carried on is to do any and all of the things mentioned herein as fully and to the same extent as natur- al persons might do. To undertake and carry on any business transaction or operation commonly undertaken and carried on by capitalists, financier and investors, enter into, carry on, assist, promote or participate in fin ancial, commercial, industrial or oth- CT business undertakings and opera tions; to hold in trust, make advan- ces' upon, sell or dispose of any of the undertakings or resulting invest ments, aforesaid. To obtain the quire any concession; to build, ac- quire, own lease, and sell houses of all kinds, or any other personal pro- perty or real-estate.
 ARTICLE III.
 To make contracts, to purchase, lease, bond, locate or otherwise ac- quire, own, exchange, sell, or other wise dispose of, pledge, mortgage, and deal in any and all kinds of real and personal property, including bonds and shares of the capital stock of it's own and other corporations; to borrow money and execute notes, mortgages, or deeds of trust to secure thereof, and of all shares of capital stock and other securities and obliga- tions and all rights, powers and priv ileges of individual owners, and in general to do all things necessary to the proper conduct of the business of this corporation.
 ARTICLE ".
 The authorized amount of capital stock of this corporation shall be Fifty thousand (s50,000.00) dollars, di- vided into Five Thousand (5,000) shares of the par value of Ten ($10.- OO) Dollars each. A tsuch time as 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 it of real or personal property for the use and pur- poses of said Corporation, in payment for which shares of capital stock of said corporation may be issued, and the capital stock so issued shall there upon and thereby become and be full ly paid and non-assessable, and in the absence of actual fraud in the tran saction the judgment of the Direc- tors as to the value of property pur- chased 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 State Auditor, and the termina- tion thereof shall be twenty-five (25) years thereafter, with the privilege of renewal for a like period as provided by law.
 ARTICLE VI.
 The affairs of this Corporation shall be conducted by board of five (5) directors who shall be elected among the stockholders of the corporation at the annual meeting thereof which shall be held at the principal office of the Company at Morenci, Greenlee County State of Arizona, on the first Monday of January each year. Said Directors when so elected shall hold office for a period of one CD year, or until their successors are elected and qualified Said Board of Directors shall have power to establish bylaws and make all rules and regulations of the affairs of the corporation, not 1n- consistent with the laws of these Ar ticles of Incorporation. Said Board of Directors shall have power to fill vacancies arising in it's membership. Until the first annual meeting of the stockholders or until their successors have been elected and qualified, the