The Coconino sun., 1912-08-23
Articles of Incorporation of the Ari- zona Electrolitic Copper
 Company

ENTS. that we the undersigned having associated ourselves for the purpose of forming corporation under Chap ter two (2l of Title thirteen Q3) 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 anne of the corporation shall be The Arizona Electrolitic Copper Com pany and it's 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 tie 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 and power plants; to own shares of it's 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 he of advantage to the corporation.
 Article III.
 The capital stock of the corporation shall be two millions of dollars (S2, ,000,- 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 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 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.
 Article ".
 The commencement of the corpora tion shall be the day these articles 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 be conducted by board of five direc- tors elected by the owners of the issued common stock of the corpora tion as shown by the books of the corporation, at their annual meeting to be held on the first Wednesday of June of each year at the company's office in Flagstaff, Arizona. Until the first annual meeting of stock holders, and until their successors have been elected and have qualified, 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 reseind 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- oility to which the corporation is at any time to subject itself is one million of dollars lSl, GOO OOoOO).
 Article VIII
 The private property Of the stockholders of this corporation shall be forever exempt from i It's debts or obligations.
 IN WITNESS WHEREOF, we herunto affix our signatures this 10th day Of July 1919.
 J. W. FRANCIS, (Seal)
 THos. A. RICKEL (Seal) , |
 GEORGE W. BLACK, JR., (Seal) State Of Arizona
 County of Coconno
 Before me, Robert J. Kidd, notary public | n and for the County and State aforesaid per- 'onally appeared, J W. Francis and T. A. | 2ickel and Geo. W Black, Jr., known to me ,o be the persons who signed the foregoing