The copper era and Morenci leader. [volume] (Clifton, Ariz.) 1911-1929, 1916-09-01

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
iii the corporate name, may have its
common seal and alter it 1t it's pleas
ure, may render the shares or inter-
ests OF it's stockholders transferable
and prescribe the mode of making
such transfers, Lay make Contracts
acquire and tlansfer property of every
nature and description, possessing the
same powers in all respects as phi
vate individuals now have and enjoy;
it may establish bylaws and make all
rules and regulations necessary, con-
venient or expedient for the manager
ment and control of its affairs.
Ill
The authorized amount of the cap
ital stock of this corporation shall be
Five Hundred Thousand ($50O,000. 00)
Dollars, divided into Five Hundred
Thousand (500,000) shares of the par
value of One Dollar each. Said cap
ital stock shall be paid into this cor
poration 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 worcestershire, 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-
Sive.
".
The time of the commencement of
this corporation shall be the date of
1.-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-
IONA, and the termination thereof
| shall be twenty-five years thereafter,
with the privilege of renewal from
time to time as provided by law.
| V.
! The affairs of this corporation shall
! be conducted by a board of seven CD
Directors, and the following named
persons shall constitute the Board of
Directors until their successors are
elected and qualified, to wit: Walter
Doudna, P. F. Crowley, H. w. ia
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
such offices as the Board of Directors
may, from time to time, determine
provided that the President, Vice
President and Secretary shall be chos
en- from among the members of the
Board of Directors, and the Treasurer
need not be a director of the company
and the office of Treasurer may be
filled and the duties thereof discharg
ed by any other officer of the company
if and when the Board of Directors
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
a majority vote Of the entire Board o.
Directors, shall have the power to sell
J all or any portion of the property o.
this Corporation, at any time and a.
or upon such prices and upon sucl
terms as they shall from time to time