The copper era and Morenci leader., 1917-06-01

both 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 lthereupon and thereby become fully l paid up and non-assessable, and in the absence of actual fraud in the trans action, the judgment of the board of di- rectors of this ompany as to the value of the services rendered or the prop erty purchased shall be conclusive. ARTICLE VI. The time of the commencement of | this corporation shall be the date of the filing of the original Articles of
 Incorporation in the office of the Cor
 poration Commissin of the State of Ari
 zona, and a certified copy thereof in the office of the County Recorder of the County of Greenlee, State of 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.
 ARTICLE VII.
 The affairs of this corporation shall
 be conducted by board of not less
 than five nor more than nine direc-
 tors, and the following named per
 sons shall constitute the board of di-
 rectors, until their successors are
 elected and qualified; viz, D. E. An
 dress, Asa Miller, J. O. Phillips, M. o.
 Hardin, and B. B. Ownby. Thereafter
 the board of directors shall be elect
 ed from among the stockholders of
 the company on the second Monday
 in January in each and every year. The officers of this corporation shall be a president, vice-president, secre- tary and treasurer, and such other Lee kho h0o or1 Nf dirnnfnr1 m from time to time, determine, provided
 that, the president, vice president and
 secretary shall be chosen from among the members of the board of direc- tors. The treasurer need not be a director of the company, and that of , flee may be filled and the duties there
 of discharged by any other officer of
 the company if and when the board !, of directors shall so determine. The officers of this corporation and until their successors are elected and qualified shall be as follows: J. O.. Phillips, President; Asa Miller, Vice , President; D. E. Address, Secretary 1 and Treasurer.
 ARTICLE VIII. } The highest amount Of indebted . ness or liability, direct or contingent, to which this corporation is or shall at any IlluS D6COluc SuUJcCI, Shdu OC l Five Hundred Thousand and no-100 : (s5OO, ,OOO. .OO) Dollars, which amount ? does not exceed two-thirds of the amount of the capital stock of this 7 company.
 ARTICLE TX. The private property of the stock holders of this corporation shall be ex- empt from the corporate debts of this company of any and every kind what soever.
 In Witness Whereof, we have here
 unto subscribed our names this 9th day of May, A. D. 1917. l D. E. Address. Asa Miller
 : J. O. Phillips. NJ. Q. Hardin. B. B. Ownby. State of Arizona,
 County of Greenlee, ss. : The foregoing instrument was ac- knowledged before me this 9th day ] of May, A. D. 1917, by J. o. Phillips, ? Asa Miller, D. E. Address, M. o. Hardin and B. B. Ownby. (Notarial SeaD Clarence Clement; : Notary Public in and for the County of ? Greenlee, State of Arizona. My commission expires Feb. Is, : 1921.
 - Filed in the office of the Arizona g Corporation Commission this Il day ] of May A. D. 1917 at 10:00 A. M. at s request of H. A. Elliott, whose post r office address is Clifton, Arizona. l Arizona Corporation Commission. l By F. A. Jones, Chairman. t S745
 : ARTICLES OF INCORPORATION OF