The copper era and Morenci leader., 1917-07-20
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- CT Ase or at, .'rwise acquire, erect. own, operate and dispose of smelting and ore reduction works, oil Tefin- cries, saw mills and power plants; to do general manufacturing and mer- cant1le 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 corpora tions 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, i broker or in any other fiduciary capa- i city: and in general to do and per l J., act such business in connection with | the foregoing objects. not inconsist- 1 ent with law in any part of the world, as the board of directors may deem to the advantage of the corpora tion.
 1 ARTICLE III
 : The capital stock of the corpora tion shall be one million five hundred ] thousand dollars ($1 ,500.000), divided into one million five hundred thou sand q ,500,000) shares of the par val ue of one dollar ($D each, which shall be paid in, at such time as the Board Of Irrectors may designate, in cash, real or Dei sGnal r't rerty, se' -'>, g.. iease, option to purchase, or any "iHtr valuable right or thing, for the uses and purposes of the corporation, and all shares of capital stock when issued il exchange therefor shall thereupon 2lid thereby become and be full-paid the same as though paid for in cash at par, and shall be non-assessa ble 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 ".
 no nf 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.
 i The affairs of the corporation shall i be conducted by a Board of Directors and such officers as the said directors may elect or appoint. The number of directors shall be designated by the ] i5y-Laws and shall be elected from among the stockholders at their an ! nual meeting to be held on the second i Tuesday in May of each year. Until | the first annual meeting of the stock :. holders, and until their successors have been elected and have qualified, the following named persons shall he ! the directors. r. b. JOT1NO l otN, WALTER NJ CAMPBELL, WILLIAM c. BROOKS, F. M. MASSEY and R. l A KIRKPATRICK, all of Los Angeles, California.
 l ARTICLE VI.
 T ne directors shall have power 10 adopt amend and rescind By-I-ows, to ] fiji vacancies occurring in the Board ] from any cause, and to appoint from their own number an Executive ConI- mittee and vest said committee with all the powers granted the directors : by these Articles. 1 ARTICLE VII
 i The highest amount of indebted ness or liability to which the corpora tion may at any time subject itself is the sum of one hundred thousand dol lars ($100,000.) 1 ARTICLE VIII.
 The private property of the stock holders of the corporation shall be 1 forever exempt from its debts or ob- legations.
 IN WITNESS WHEREOF, we here to affix our signatures and seals. this the 22nd day of May. 1917.
 P B. JOHNSON. (SeaD
 WALTER M. CAMPBELL (SeaD
 WILLIAM C. BROOKS (SeaD