The Coconino sun., 1912-07-26
Articles of Incorporation of the Ari- zona Electrolitic Copper
 Company

hSi h"O kG} VI lilS kIOJ NG- 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; V 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 and 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 a 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, ,010,- | 900 00) divided into two hundred l 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 ton 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 tion 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 
 Article ".
 The commencement of the corpora liOll DC llC ud1 lHCsG dTblCltS are filed in accordance with law and \ the termination thereof shall be twenty-five years thereafter with priv llege of renewal as provided by statute.
 Article V.
 The affairs of the corporation shall II be conducted by board of five direc- II tors elected by the owners of the issued common stock of the corpora ton as shown by the books of the at their annual meeting H to be held on the first Wednesday of Il June of each year at the company's II office in Flagstaff, Arizona. Until the first annual meeting of stock holders, and until their successors have been elected and have qualified, II the following named persons shall be directors: E.. T. Merritt, Alexan- der Marshall, T. A. Merritt, H. K. Spencer, w. w. Sanford.
 Article VI.
 The directors shall have power to adopt, amend and rescind bylaws until the first annual meeting of stockholders when the power to adopt and amend bylaws shall vest in the owners of the corporations common stock
 The board of directors shall have the power to fill vacancies occurring in the board of di- rectOrs from any cause
 Article VII.
 The highest amount of indebtedness or lia- bility to which the corporation is at any time to subject itself is one million of dollars (si ,OO0 O0O.OO)
 Article VIII.
 The private property Of the stockholders of this corporation shall be forever exempt from its debts or obligations.
 IN WITNESS WHEREOF we herunto affix our signatures this 10th day Of July, 1912.
 J. W. FRANCIS (Seal)
 THos. A. RICKEL, (Seal) ,
 GEORGE W. BLACK, JR., (Seal) State Of Arizona
 County of Coconino
 Before me, Robert J. Kidd, q notary public in and for the County and State aforesaid, per- sonally appeared. J W. Francis and T, A. Rickel and Geo. w Black, Jr., known to me to be the persons who signed the foregoing instrument and acknowledged to me that they executed the same for the uses and purposes therein mentioned. Given under my hand and .l,f. I,,1,.