The copper era and Morenci leader., 1916-09-08

OF them, ana In any and all their
branches, to buy, own, acquire, handle,
control, lease, sell and deal in, letters
patent and inventions Of every nature
whatsoever, to borrow money, to issue
notes and bonds and other evidences
of Indebtedness, and. to execute mort
cages and deeds of trust to secure the
payment of the same; to buy, sell, use,
own, handle, maintain, operate, dis
pose of, and deal in any and all kinds
of property whatsoever, real, personal
and mixed, wheresoever situate, in
Guiding the stocks, bonds, debentures
and evidence of indebtedness or own
ership of this company, as well as the
stocks, bonds, debentures and evil
dences of Indebtedness or ownership
of other corporations, associations,
partnerships and individuals, and In
general to do any and all things nee
essary, convenient or expedient to the
proper conduct of the business of this
corporation, in this State and else
where, not inconsistent with the laws
of the United States or of the State of
Arizona, as fully, freely, and complete
ly, as natural person might or could
do.
This corporation shall have perpet-
ual succession, may sue and be sued
in the corporate name, may have it's
common seal and alter it at its pleas
ure, may render the shares or inter-
ests of it's stockholders transferable
and prescribe the mode of making
such transfers, Ilay make contracts,
acquire and t1snsfer property of every
nature and description, possessing the
same powers in all respects as pri-
vate individuals now have and enjoy;
it may establish bylaws and make all
rules and regulations necessary, con-
venient or expedient for the manage
ment and control of its affairs.
III.
The authorized amount of the cap
ital stock of this corporation shall be
Five Hundred Thousand ($500,000 .00)
Dollars, divided into Five Hundred
Thousand (50O,000) shares of the par
value of One Dollar each. Said cap
ital stock shall be paid into this cor
poration Immediately upon subscrip-
ton therefor, either in cash, services,
or by sale and transfer to it for the
purposes and use of the corporation,
of real or personal property. or either
of them, and in payment for which,
shares of the capital stock of this
corporation may be issued and the
stock so issued, and when issued, shall
thereupon and. thereby become fully
paid up and worcestershire, and in thF
absence of actual fraud in the trans
action, the judgment Of the Board Of
Directors of this Company as to the
value of the services rendered or the
property purchased shall be conclu
sive.
W.
The time of the commencement Of
this corporation shall be the date OF
l. the filing of these articles in the of
flee of the Corporation Commission Of
the State of Arizona, and a certified
copy thereof in the office of the Coun
ty Recorder of Greenlee County, Arr
iona, and the termination thereo
shall be twenty-five years thereafter
with the privilege of renewal from
time to time as provided by law.
4 v.
The affairs of this corporation shall
be conducted by a board of seven e.
Directors, and the following named
persons shall constitute the Board o
Directors until their successors arr
elected and qualified, to wit: Waite
IDoudna, P. F. Crowley, H. W. ia
Icobs, Dave W. Ling, L. j. Morris, G
"A. f1dl16uSCul0u, anu AdAAUO1t
Thereafter, the Board of Director
shall be elected from among the stock
holders on the second Monday of Jan
uary of each and every year.
The officers of this corporation
shall be a President and Vice-Presi
dent, Secretary and Treasurer, an,
such offices as the Board of Director
may, from time to time, determine
provided that the President, Vice
President and Secretary shall be chos
en- from among the members of thu
Board of Directors, and the Treasure
need not be director of the company
and the office of Treasurer may bt
filled and the duties thereof discharg
ed by any other officer of the compan!
if and when the Board of Director:
shall so determine.
The first officers of this corporation
and until their successors are elected
and qualified, shall be as follows:
Dave W. Ling, President.
Walter Doudna, Vice-President.
S. G. Lambert, Secretary.
H. w. Jacobs, Treasurer.
The Directors of this company, BY
majority vote of the entire Board O
Directors, shall have the power to sci
all or any portion of the property O
this Corporation, at any time and
or upon such prices and upon sucl
terms as they shall from time to time
determine and deem advisable and TO
the best interests of the Corporation
and without obtaining or securing an.
previous authority from the stockhold
ers so to do, and any and all transfer
of property so sold under such author
ity shall pass to and vest in the pull
chaser thereof the full title thereto
and without the previous authorize
ton or subsequent ratification thereo
My the stockholders of such sale.
The highest amount of Indebtedness
or liability, direct or contingent, t
, which this Corporation is or shall a
any time become subject, shall b
, Three Hundred Thousand 100000
: Dollars, which amount does not 81