The copper era and Morenci leader., 1912-11-01


 clock a. m, as provided by law.
 (SEAL)
 In Testimony Whereof, The Arizona Corporation Commission, by it's Chair man, has hereunto set it's hand and affixed it's Official Seal. Done at the city of Phoenix, the Capitol, this 5th day of October, A. D. 1912.
 ARIZONA CORPORATION CON-
 W. P. GEARY, Chairman Attest:
 CHAs. W. SMITH, Secretary.
 KNOW ALL MEN BY THESE PRES
 ENTS:
 That we, whose names are affixed hereto, being desirous of organizing corporation under the laws of the State of Arizona, for the lawful en- terprise, business and occupation hereinafter mentioned, have this day associated ourselves together into q corporate body, and do hereby make, sign, acknowledge and adopt the fol- lowing Articles of Incorporation. Article l.
 The name Of the incorporators are Henry Hill, Sam Abraham, w. J. Riley, Harry Wright, O. J. Cotey, Geo. Reitzer and George Webster, all of the town of Clifton, in the County of Greenlee, State of Arizona; and the name of this corporation and by which it shall be authorized to trans act business, is and shall be, ''CLIF- TON LUMBER AND IMP. COM PANY.''
 Article II.
 The principal place of transacting business of this corporation shall be in the town of Clifton, County Of Greenlee, State of Arizona, but branch offices may be kept and maintained at such other places in the United States of America as the Board of Directors may determine.
 ARTICLE III.
 The time of the commencement of this corporation shall be the date of tf,e issuance to it of certificate of incorporation by the Arizona Corpora ton Commission of the State of Ari- zona, and the recording the same. The time of the termination of this corporation shall be twenty-five years but may be renewed or extended fo, additional periods of twenty-five years each. Article "
 The general nature of the busi.I-:. I,rcposed to be transacted by t;.is L'r- I,oration and which it is aut1o::. .d | and empowered to transact iS: to
 Se contracts: to purchase, lease, |
 6-, or otherwise acquire, own, OK c-lhge, sell or otherwise dispose of, | mortgage, hypothecate and deal in | timber lands, water and water rights and other property both real and per | sonal, and to work, operate and de- | velope the same, and to deal in the | products and by-products thereof; to buy, and sell lumber and all other | building materials of every class, na- ture and kind; to buy, sell, own and operate saw mills, blaming mills and l any other machinery; to own, lease, buy and sell real estate in the State oT Arizona and elsewhere; to do . eeiis.sl contracting, manufacturing and mercantile business; to take and give mortcases: to borrow and loan money and to conduct any and all business ap.surtenant or auxillery to any Of the r--rnoses herein named; to owI, C.n~eil and reissue shares nf is own caI.,al stock and to own a-. vote st-.cres of other corporations.t u i-;- -.s an1 o-2c:' q i;' lc-: .. i.6ehtcc cs:- ~.i to sec''r- [ ra~ Irert of tte sanae by mortgage. daed of trust or otherwise: to act as gent, trustee, brower or in any other fidu- ciary capacity, and in general to d3 and perform such acts and things aud transact such other business not in- consistent with law as the Board of Directors may deem to the advantage of the corporation, and to do and per- form all things that a natural person might do.
 Article V.
 Yhe authorized amount of capital stUAk of this coporation shall be Twenty-Five Thousand ($25,000.O0) Dollars, divided into Five Thousand (5,000) Shares of the par value of Five ($5.00) Dollars each, which stock may be issued in exchange for money, property, services or the stock of oth. af o,,1 | on such terms and conditions as the Board of Directors may determine, and the capital stock when so issuai shall thereupon and thereby be 2n|: become fully paid and non-assessable. and the judgement of the Board of Directors, as to the value of the prop erty purchased and the services shall be conclusive
 Article VI
 The business affairs of this co-por ation shall be under the mana agement and control of Board of Directors. consisting of not less than five (5) n0T more than nine (9) members, each of whom shall be a stockholder in said corporation. Said Directors shall be elected annually at the an nual meeting of the stockholders of this corporation, which shall be held on the first Wednesday after the first ginning in the year 1914, and each year thereafter, and they shall hold their offices until their successors are elected and qualified. Article VII. Any vacancy in the Board of Direct DTS may be filled by the remaining members of the said Board by appoint ment from among the stockholders, and such appointment shall be for the