The copper era and Morenci leader., 1912-11-08
Articles of Incorporation of HE MORENCI IMPROVEMENT

Articles of Incorporation of THE MORENCI IMPROVEMENT COMPANY. We, the undersigned, hereby as- sociate ourselves together as incorpor- fators pursuant to the laws of the Ter ritory of Arizona, and hereby adopt these Articles of Incorporation
 Article |.
 The name of the corporation shall be The Morenci Improvement Com pany.
 Article II.
 The general nature of the business in which this corporation is author ized to engage, is the building, erect ing, buying and otherwise acquiring of houses and other structures for tho purpose of renting or selling same buying, selling and operating, farm ing or ranch lands and other real es- tate; laying out, building and main taining roadways, highways, or tram ways; erecting and maintaining places of indoor and outdoor amusements and entertainment; building, conduct ing and maintaining hotels, restaur- ants, opera houses, public halls an1 all accessories thereto; buying, acquir ing water rights; constructing ditches and dams for the purpose of irrigating it's own property; the erection and maintainence of an electric plant and the purchase of power for the use oe same, the generation, transmission. and sale of power, for electric light ing and operation of machinery; erect ing, equipping, and operating steam laundrieS.
 Article III.
 The names of the incorporators ar1 c. E. Mills, H. s. Van Gorder and Gordon Mclean, L. D. Ricketts ani Walter DOuqlaS
 Article w.
 The capital stock of said corpora ton shall be One Hundred Thousand Dollars, which shall be divided into one thousand shares of the par value each of One hundred dollars. Said shares shall be non-assessable.
 Article V.
 The officers of said corporation shall be President, Vice-President, Secre- tary and Treasurer. The office of Secretary and Treasurer may be filled by the same person until it shall be otherwise determined by resolution of a majority of the Directors.
 The officers of the corporation sha be elected at the first meeting of the Directors following the annual meet ing of the shareholders, and shall hold office for one year, and until their successors shall be elected.
 The business of the corporation shall be conducted by the Board of Directors which Board shall consist of three shareholders, who shall meet together immediately after their cleo tion at the annual meeting of. share and organize by electing one of their members as President of the Board, and such person shall be the President of the corporation. Until an annual meeting of the shareholders shall have been held, and Board of Directors shall have been duly elect ed, the following named persons-C E. Mills, H. S. Van Gorder and Cor don Mclean, shall constitute the Board of Directors of said corporation and they shall meet and ogranize i'm m mediately after these Articles have been signed and acknowledged by the within named incorporators, and at said first meeting of said Board is en- powered to elect the Treasurer and Secretary and Vice-President of the who shall hold office un- til the first annual meeting of tho and until their success ors shall have been elected. The Board of Directors is authoriz- ed and empowered to adopt corpor- ate seal, as the seal of the corpora tion and it shall appoint general manager or superintendent and fix h.s compensation, and it shall adopt suit able Bylaws for the government and control of the corporation and it's busi- ness, which Bylaws shall provide for the manner of their amendment.
 Article VI.
 The annual meeting of the Shar.: holders shall be held on the frs! Tuesday after the first Mnocay of. March Tn each year at the office of he 
 rfi>Ia NIT
 The general place of business of the shall be at the toMn of Morenti, in the County ot Graham, Arizona.
 Article VIII.
 The private property Of the mem bers CT the corporation shall be e&- eDlpt from liability for o:porars debts.
 Article I<.
 The highest amount Of indebtedness which the corporation is authorized to subject itself to at any one time is limited to twenty-five per cent of it's capital stock, and said corporation shall have power to mortgage or sell it's real or personal property in the conduct of it's business pursuits, and is authorized to make and deliver all necessary bonds and promisory notes for the transaction of it's said bus.- ness.
 Article X.
 The duration of said corporation shall be twenty-five years and the c9 pital stock of said corporation may be increased by a three fourth vote of all of the shareholders at an annual meeting of the shareholders upon such notice as the Bylaws or reso- lution adopted by the Board of Direct ors shall provide.
 IN WITNESS WHEREOF, we the incorporators have hefe- into set their hands and seal on this 9th day of August in the year Nne-