Arizona republican., 1916-11-20
ARTICLES OF INCORPORATION
 RAY COPPER COMPANY

and to that end adopt the following ARTICLES OF INCORPORATION"
 ARTICLE I.
 The names and post office address es of the Incorporators are:
 R. ID. STARR, and LOUIS l.. WAL LACE, both of Oatman, Mohave County, Arizona.
 The name of the corporation shall be RAY COPPER COMPANY"
 Its principal place of business with in the State of Arizona, shall bs Phoenix, Maricopa County, State of Arizona. but other offices may be established and maintained within or outside of Arizona at such places as the Board of Directors may desig nate, where meetings of stockholders and directors may be held and any and all corporate business transacted
 ARTICLE II.
 The general nature of business pro- posed to be transacted by this cor poration is as follows, to-wit
 To carry on a general mining. mill ing, smelting and reduction business 10 make contracts; to purchase lease. option, locate, or otherwise ac- quire, own, exchange, sell CT other wise dispose of, pledge. mortgage hypothecate and deal in mines and mining claims, both lode and placer mineral lands, coal lands. oil lands timber lands, agricultural lands, water and water rights, dam sites and any other property both real and per socal. and to prospect for. work. ex- plore, operate, maintain and develop the same, and to deal in the prod ucts and by-products thereof: to pur- chase. plat, subdividc. sell and con- trol lands and townsites; to purchase lease. or otherwise acquire, erect own, operate and sell mining, smelt- ing and other ore reduction works oil refineries, power plants, water works, railroads and tramWays to lead from the company's principal works to establish. acquire build, construct own, operate, exchange, sell and dis pose of hotels, restaurants, stores houses, and any and all other buildings and structures oi kind or nature; to do a general manufacturing, mercantile and agricultural business; to own. handle sell and control letters patent and inventions: to own. cancel and re- issue shares of it's own capital stock and to purchase or otherwise acquire and to hold, own, sell, assign. mort
 
 shares, bonds, debentures, or other evidences of indebtedness of other corporations, and while the holder thereof, to exercise all the rights and privileges of ownership, including the right to vote thereon. to issue bond B notes. and other evidences of indebt- edness, and to secure the payment of same hy mortgage, deed of trust, os otherwise; to act as agent, trustee, broker. or in any other fiduciary capacity, and to borrow and to loan and in general to do and perform such acts and things and transact such business in connection with the foregoing objects. not in- consistent with law. in any part oi the world, as the Board of Directors may deem to the advantage of the 
 ARTICLE III.
 The capital stock of this corpora . ton shall be THREE MILLION DOL LARS (s3,000, ,0OO.0O) divided into THREE MILLION (5.O00. .0O0) shares of the par value of ONE DOLLAR 'S1.00) each; such capital stock may he issued, at such times. as the Board of Directors may designate either for cash, or real or personal property. or services. or lease or oo- ton 10 purchase, or any other valu- able right or thing for the uses and purposes of the corporation, and an shares of capital stock so issued S all .hereupon and thereby become full paid the same as though paid for in cash at par, and shall be non-assess- able forever, and the judgment of the directors as to the value of any rt ferf.4 exchange for capital stock shall he in the absence of actual fraud in the transa ction.
 ARTICLE ".
 The time O. the commencement: If issuance to it of a certificate of by the ARIZONA COR PORATION COMMISSION. and il shall endure for the full term of twenty-five years thereafter. with privilege of perpetual succession as provided by law.
 ARTICLE V.
 The affairs Of the corporation shall be conducted by a Board of Directors of not less than three (3) nor more than seven CD directors by whom q President, a Vice Presi- dent, d Secretary and a Treasurer shall be elected from among the stockholders, provided that the of flee of Treasurer may be held by the same person holding any of the other above named offices. The Board of Directors may from time to time appoint such other officers ano agents as to them may seem meet and proper The Directors shall be elected by and from among the stOckiO elders at their annual meeting to be held on the third "Wednesday in October in each year, and shal hold office for ONE YEAR and unti their successors have been elected ant have qualified. Until the first an. nual meeting of the stockholders arf until their successors have beer elected and have qualified, the fol lowing named persons saall te tht officers and Directors as stated:
 LOUIS l.. WALLACE, Presiden and Director.
 JOHN H. ROBINSON, Vice. Presi dent and Director.
 FRED BLAIR TOWNSEND, Secre tary-Treasurer and Director.
 w. B. TWITCHFLL. Director.
 VIC FANNY, Director.
 ARTICLE VI.
 The Directors shall have powe to adopt, amend and rescind by laws. to fill vacancies occurring il the Board from any cause, and L appoint from their own number al executive committee and vest sai, committee with all the powers grant ed the directors by these Articles.
 ARTICLE VII
 The highest amount of indebted ness or liability to which the corpor ation may at any one time subjec itself is TWO MILLION DOLLAR. ($2,000, ,000.00)
 ARTICLE VIII
 The private property of the stock holders of the corporation shall b forever exempt from the debts o obligations of the corporation.
 ARTICI, ,E JX