The copper era and Morenci leader., 1912-10-25

and premises for the development, storing and conveying thereof, and for a right of way to construct and main tain its dams, reservoirs, canals, waterways, fumes, pipe lines and other necessary constructures and ap- pirtenances in carrying and convey | ing water and also the sale of water and the use thereof for the purposes aforesaid, and for the protection from fire in, and in the vicinity of the town of Clifton, Graham County, Arizona, and generally in the copper mining district of said county; also to engage in the acquisition and ownership of water and water rights and the sale or lease of same to parties or cor porationS for power to generate or oD- tain electric light, power and heat, and to lease or sell the same for the purpose of maintaining and operating electric light plants in the town of Clifton and vicinity thereof; also to engage in the acquisition and owner ship of water and water rights, and for the use and sale of the same for the manufacture of ice, and for the use and sale in the operation and maintenance of ice plants.
 III.
 The amount of capital stock of this corporation shall be Two Hundred Thousand (s200,00O00) Dollars, di- vided into two hundred thousand (200,000) shares of the par value of One ($1.00) Dollar each, to be paid in at such times and in such manner as the Board of Directors shall, from time to time, by resolution direct, and for such prices as shall, to the said Board of Directors, seem best, and Said stock may be issued and sold for money or exchanged for services to the corporation, or exchanged for property acquired or purchased by the corporation, and when so issued, shall be fully paid up, and the stock in this corporation shall be forever non-assessable.
 The corporate existence of this cor poration shall commence on the day of the filing of these Articles of Incor- poration in the office of the County Recorder of Graham County, Territory of Arizona, and a certified copy of the same with the Secretary of the Terri 1 tory of Arizona, and the termination thereof shall be twenty-five (25) years thereafter.
 The business Of this corporation | shall be conducted by a Board of Di- | rectors consisting of five (5) stock | holders, who shall be elected annually | by the stockholders on the first Mon day in March of each year, said cleo tion to take place at the principal place of business mentioned in these Articles; notice of the time and place of holding said annual meeting to be i given as the Bylaws of this corpor- | ation shall provide; said Directors | shall hold their office for a term of one CD year from the date of their election, and until their successors shall have been elected and qualified. The following named persons, who are subscribers to the capital stock of this corporation whose names and places of residence is as follows:
 w. J. Davis, Morenci, Arizona
 Gordon Mclean, Morenci, Arizona.
 M. E. Thorpe, Morenci, Arizona.
 H. B. Rice, Morenci, Arizona.
 A. G. Smith, Clifton, Arizona shall constitute the Board of Direct DTS of this corporation until the first in March, A. D. 1903, and un- til their successors shall have been duly elected and qualified Vacan- cies in. the Board of Directors shall be filled by the remaining members of the Board for the unexpired term. A majority of such members shall con stitute quorum, and any meeting of ] such Board of Directors at which a luorum is present shall be deemed a egal meeting, and shall have the same authority as a full Board
 VI.
 The officers of this corporation shall be a President, Vice-President, Secretary and Treasurer The Presi- lent, Vice-President, Secretary and Treasurer shall be elected annually 2 y the Board of Directors from among ( heir members, and such other off, ! CTS from among the stockholders of his corporation as the Board of Di- ectors may deem necessary to carry 2 n the business of this corporation. a The Board of Directors shall have [ lower to remove any officer at any ! ime, and to fill all vacancies caused ' y removal or otherwise. The follow \ ng named persons shall constitute S he officers of this corporation until c he first annual meeting of the Board d f Directors on the first Monday iii r Iarch, 1903, unless sooner vacated c nder some of the provisions of these Articles. s Gordon Mclean, President. | w. J. Davis, Vice-President. d A. G. Smith, Treasurer. f A. G. Smith, Secretary. r
 VII. t The highest amount of indebtedness t irect or contingent, to which said p ompany shall at any time subject l sself shall not exceed the amount of r fty thousand ($5O,OOO.OO) Dollars. P
 VIII.
 The private property of the stock ( olders in this corporation shall be t xempt from all debts of this corpor- I tion. F The Board of Directors of this cor | oration shall have power to establish c Bylaws and to make any and all need s ul rules and regulations for the management of the affairs of the cor $ ,oration not inconsistent with the I amS of inc United States or the laws l