The Coconino sun., 1912-08-16
Articles of Incorporation of the Ari. zona Electrolitic Copper
 Company

KNOW ALL MEN BY THESE PRES. ENTs, that we the undersigned having associated ourselves for the purpose of forming corporation under Chap. ter two (2) of Title thirteen (l3) Re. vised Statutes of Arizona 1901 and the acts amendatory thereof and sup. plemental thereto hereby adopt the following Articles of Incorporation:
 Article I.
 The name of the corporation shall be The Arizona Electrolitic Copper Com. pany and its principal place of busi. ness shall be Flagstaff, Arizona. but other offices may be established and maintained within and outside of the state of Arizona at such places as the board of directors may designate where meetings of stockholders and directors may be held and the busi- ness of the corporation transacted.
 Article II.
 The general nature of the business proposed to be transacted is mining, milling, preparing for market and otherwise producing and dealing in gold, silver, copper, lead, zinc, iron, steel and all kinds of ores, metals and minerals, oils, gas and coal and the products thereof. To purchase or otherwise acquire, own, exchange, sell or otherwise dispose of, mortgage, hypothecate and deal in mines and mineral lands of all kinds, oil, coal and timber lands; real and personal estate; ater and water rights; and to work, explore, operate and develop the same; to purchase or otherwise acquire, erect, own, operate and dis pose of smelting and ore reduction works, saw mills aud power plants; to own shares of its own capital stock and that of other corporations, and to vote any shares of stock owned by it the same as natural person might do; to issue bonds, notes and other evidences of indebtedness and secure the payment of the same by mortgage, deed of trust or otherwise when au- thorized by majority of the common stock of the company; to do and per form such acts and things and trans- act such business in connection with the foregoing objects not inconsistent with law in any part of the world as the board of directors may deem to be of advantage to the corporation.
 Article III.
 The capital stock of the corporation shall be two millions of dollars (S2, QUO, 900 00) divided into two hundred thousand shares of the par value of (Sl0.00) each, of which one hundred and fifty thousand shares shall be common stock and fifty thousand shares shall be preferred stock, all preferred stock to be sub ject to retirement and cancellation upon payment of par value with accu- mulated dividends thereon. All stock to be paid for at such times and in such manner as the board of direc- tors may designate. All or any DOT tion of the capital stock may be issued in payment for real estate or per sonal property or both. Services or any other right or thing of value for the uses and purposes of the corpora ton and when so issued shall become and be full paid the same as though paid for in cash at par and the direc- tors shall be the sole judges of the value of any property, right or thing acquired in exchange for capital stock. No shares of capital stock shall be issued until fully paid for and when paid for and issued shall be nonassessable.