The copper era and Morenci leader., 1912-10-25
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 on of such works.
 10. .iI To acquire, hold, and exercise any patent. or other right or priviledge, and to grant licenses to others to use and exercise the same. "a <. 'i
 II. To acquire, hold, manage, sell, and realize CD any property or effect of the nature of real estate, mines, and mining claims in the Territory or State of Arizona or New Mexico, or in any Territory or State adjoin- ing either of them; 4(2) shares or stocks, bonds or debentures, of any in corporation or company incorporated under or in accordance with the laws of any of the States or Territories of the United States of America, or of Great Britain, and (3) personal prop erty or chattels in Arizona or any other part tiiof North America. Also to acquire, hold manage, sell, and realize heritable property in the United Kingdom. 12 To take and hold any real estate, mines,or mining claims, shares or stocks, bonds or de bentures, and other personal property or chattels, whether acquired absolu- tely or in security, either in name os the Company itself or in the names of Trustees, who may be either individu- als fBritish or foreign subjects) or corporation incorporated under or in accordance with the laws of Great Britain, or of any of the States or Ter ritorieS of the United States of Ameri- ca, or of any other State or Province in North America; and the title of the Trustees may or may not disclose that they hold in trust.
 13. To lend any sum or sums of money upon the security of real es- tate, mines and mining claims in the Territory of Arizona, or upon the Se- curfty of stocks or shares, ,or the bonds or debentures of any incorporation or company incorporated under or in ac- cordance with the laws of any state or Territory in North America; and to advance money by way of loan or oth- erwiSe, with or without security to any company, society, or individual with whom the company may have busi- ness relations, and to allow time for the repayment of any such loan. 14 To receive and take money on depos- it at interest or otherwise. -15 To bor- row any sum or sums of money upon bonds, ,debenture, mortgage, bill,promi- sorry note, or receipt; and to grant se- curity for all or any of such sums, and by way. of such security to dis pone, mortgage, pledge, or charge the whole or any part of the property, as- sets, or revenues of the Company (1n- cluding uncalled capitaD, or to dis pone, transfer, or convey the same ab- solutely in trust, and to give to creditors powers of sale and other usu- al and necessary powers, and also to raise money by the issue of debenture or preference stock. ;16 To, sell all or any part of the property or effects of the Company. IT Te draw ac- cept, make, indorse, and execute,an Co discount and sell promisoryS noteSsbHls of exchange, and other negotiable in- struments. IS TO buy or acquire the business, property, or undertaking of any other company or partnership carrying on any business which the company may legally. carry on, and to pay for such business, property, or undertaking in cash,or in shares, stock, or debentures of the Company, or partly in each of such nodes 19 To sell, dispose of, or transfer the busi- ness, property, ,and undertaking of the Company, ,or any branch or part there of, in consideration of payment in cash, or in shares or stock, ,or in deben- lures or other securities of any other company, or partly in each of such modes of payment, or for such other consideration as may be deemed proper. 20. To acquire, hold, and dispose of shares, stock,or debentures, of the Arizona Trust and Mortgage Com pany Limited, and deferred shares or deferred stock of the company it. self 21 To enter into partnership or into any arrangement for sharing profits or interests with any person or company carrying on, or about tc carry on, any business which the com pany may legally carry on, or any business or transaction capable of being conducted so as directly or in directly to benefit the company. 22 To amalgamate with any other company in Great Britain or North America os- II :-I c. -l,s -s,~ I< %1 ~f those for which the company is estab- lished; and to acquire, hold, and dis pose of the shares, stock, or deben- lures of any such company 23. To increase the capital of the company, and to determine what preference or priority, if any, the holders of new shares, or any of them, are to have over existing shareholders, or what preference or priority, if any, holders of existing shares are to have over new shares; and also to reduce tho capital "A. To do all other things as are incidental or conducive to the attainment of the above objects, or any of them.
 " The liability of the members is limited
 V The capital of the Company is Seven hundred and fifty-five thousand pounds, divided into 16O,0O0 A prefer ence Shares Of 5S. each, 2O,OOO pounds Preference Stock, and 1,5S0,000 Ordin- ary Shares of 5s. each.
 We the several persons whose names and addresses are subscribed are desirous of being form ed into company in pur suance of this Memorandum oi Association and we respectively agree, to take the number of shares in the Capital of the Company set opposite our respective names. Names Addresses and Des-