The copper era and Morenci leader., 1917-08-03
ARTICLES OF INCORPORATION
 of the AZTEC CONSOLIDATED PLACER


 MINES
 KNOW ALL MEN BY THESE PRESENTS: That we, the under signed, having associated ourselves together for the purpose of forming corporation under the laws of the State of Arizona, hereby adopt the fol- lowing Articles of Incorporation:
 ARTICLE I.
 The name of the corporation shall be AZTEC CONSOLIDATED PLACER MINES, and its principal place of business shall be Morenci Arizona, and maintained within or outside of Arizona at such places as the Board of Directors may designate, where meetings of the stockholders and directors may be held and any and all corporate business transacted. ARTICLE II.
 The general nature of the business proposed to be transacted is as follows to-wit: To purchase, locate, own, lease, and operate placer minse; to bore, drill, prospect and mine for gold, silver, copper, lead, zinc, brass, iron, steel, antimony, tin, asbestos and all kinds of ores, metals, minerals and precious stones, oils, gas and coal, and to mill, convert. prepare for mar ket and otherwise produce and deal in the same and in the products and by-products thereof; to purchase or otherwise acquire, own, exchange, sell, or otherwise dispose of, mortgage, hypothecate and deal in mines and mineral lands of all kinds, oil, coal, and timber lands, real and personal estate, water and water rights, and to work. explore, operate and develop the same, and carry on the business of mining in all it's branches; to pur- of ase or ati,rwise acquire, erect. own, operate and dispose of smelting and ore reduction works, oil refin- cries, saw mills and power plants: to do a general manufacturing and mer- cantile business; to own, handle and control letters patent and inventions and shares of it's own capital stock and that of other corporations, and to vote any shares of stock of other corporations owned by it the same as naturel person might do; to bor row money and to issue bonds, notes, debentures and other evidences of in- debtedness and secure the payment of the same by mortgage, deed of trust or otherwise: to act as agent, trustee,
 
 city; and in general to do and per form such acts and things and trans act such business in connection with the foregoing objects, not inconsist- ent with law. in any part of the world, as the board of directors may deem to the advantage of the corpora tion.
 ARTICLE III
 pifol ctnoE nf tho cnrnnra- tion shall be one million five hundred thousand dollars (S1 300 0,000), divided into one million five hundred thou sand 0.50O.OOO) shares of the par val ue of one dollar ($D each, which shall be paid in. at such time as the, Board of nrrectors may designate. in cash, req! or DetsGnsl T;'tlerty, se s. iesse, option to purchase, or any ",h-r valuable right or thing, for the uses and purposes of the corporation, and all shares of capital stock when issued in exchange therefor shall thereupon aud thereby become and be full-paid the same as though paid for in cash at par, and shall be non-assessable forever, and the judgment of the di- rectors as to the value of any prop erty, right, or thing acquired in eX- change for capital stock shall be con- elusive.
 ARTICLE ".
 The commencement of the corpora tion shall be the day these articles are filed in accordance with law, and it shall endure for the full term of twenty-five years thereafter. with privilege of perpetual succession as provided by statute.
 ARTICLE V.