The copper era and Morenci leader., 1916-09-15

Arizona, as fully, freely, and complete ly, as a natural person might or could do.
 This corporation shall have perpet- ual succession, may sue and be sued Hi the corporate name, may have it's common seal and alter it It it's pleas Ure. u6y render the shares or inter- rsts of it's stockholders transferable 4nd prescribe the mode Of making such transfers, lLay make c.;;.iracts, d"qulTr al.d :ItIseer property If 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- -enient or expedient for the manage ment and control of it's 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,OOO) shares of the par value of One Dollar each. Said cap- ital stock shall be paid into this cor lporation immediately upon subscrip- tion 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 non-asSessable, and in thy 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- siye.
 i W.
 The time of the commencement of this corporation shall be the date of the filing of these articles in the of flee of the Corporation Commission of the State of Arizona, and certified copy thereof in the office of the Coun- ty Recorder of Greenlee County, Ari- zona, and the termination thereof shall be twenty-five years thereafter, with the privilege of renewal from time to time as provided by law. i V.
 I he affairs of this corporation shall Ae conducted by a board of seven CD directors, and the following named .Jersons shall constitute the Board of Directors until their successors are elected and qualified, to wit: Walter Doudna, P. F. Crowley, H. W. Ja- cobs, Dave w. Ling, l.. J. Morris, G. A. Hallenschied, and S. G. Lambert.
 Thereafter, the Board of Directors 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, and may, from time to time, determine, President and Secretary shall be chos- en from among the members of the Board of Directors, and the Treasurer need not be director of the company, and the office of Treasurer may be ed by any other officer of the company shall so determine.
 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 of Directors, shall have the power to sell all or any portion of the property of this Corporation, at any time and at or upon such prices and upon such terms as they shG,,! from time to time determine and deem advisable and for