The copper era and Morenci leader., 1917-06-22

| debtedneSs, and to execute mortgages and deeds of trust to secure the pay ment of the same;
 To loan or advance money to indi- vidualS, firms or corporations on open account, or in personal or corporate notes of such individuals, firms or cor porations, with or without security. To acquire and own any and all real estate that may be necessary or useful in carrying out any one or all of the objects for which this corporation is formed as herein set forth.
 To tuy, own, hold or otherwise ac- Guire, pledge, sell or otherwise dispose of shares of the capital stock or bonds Of this corporation, and also of ether corporations including the right to deal ill bonds or obligations of any munich pality, state or government.
 To enter into contracts of all kinds with firms, individuals, corporations, and civil, municipal state or govern mental authorities, whenever the same shall be authorized by the directors of this organization, or by, the bylaws of this company, and consistent with the purposes, objects and powers for which this corporation is formed. To merge or consolidate this con- pany with any other corporation or corporations, to sell, lease, exchange, surrender, or otherwise deal with the whole of the undertaking and property and rights of this corporation, or any part thereof for such consideration as the board of directors may think fit, and in particular for any shares (whether credited as partly or fully paid up or otherwise), debentures or securities of any other company and to divide such part or parts as may be determined by the board of direc- tors of the purchase moneys. whether in cash, shares or other equivalent, which may at any time be received by this corporation on sale of, or other dealing with the whole or part of the property, estate, effects, and rights of the corporation, amongst it's stockhold- CTS by way of dividends or bonus in proportion to their shares, or otherwise deal with the same as the board of directors may determine; provided however, that such merger, consolida- | tion. sale, lease, exchange, surrender or other disposition of the property and rights of this corporation, shall be either authorized in the premises or, subsequently, ratified by, the vote or written consent or assent of a ma iority of the outstanding and issued i SIOCh Ol tnlS COlu pdlH.
 The objects and powers specified in this article shall. except where other wise herein expressed, be in no wise limited or restricted by reference to, or inference from, the terms of any other clause or paragraph in these Articles of incorporation; but each shall be deemed to be separate ob- iects or powers, and each of them in furtherance of, and not in limitation of the general powers conferred by the laws of the State of Arizona.
 This corporation shall have the per petual succession, may sue and be sued
 in it's corporate name. shall have common seal, and may alter it at it's Eleasure; may render the shares or in- terests of it's stockholders transfera- ble and prescribe the mode of making such transfers; may establish bylaws aud make all rules and regulations necessary or eXpedient for the manage ment and control of its corporate af- fairs: and in general to do each and everything necessary, suitable or prop CT for the accomplishment of any of the purposes, or the attainment of any one or more of the objects herein emu merated, or which shall at any time ap pear conducive to or eXpedient for the protection or benefit of this corpora tiUn.
 ARTICLE V.
 The authorized amount of the capi- tai stock of this corporation shall be One Million and no-100 ($1 900 ,000.00) Dollars, divided into one million shares of the par value of One tS1.00) Dollar each. Said capital stock shall be paid into this corporation immediately upon subscription therefor either in cash, services or by sale and transfer to 1t for the purpose and use of the corpor- atiCn, of real or personal property, or 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 thereupon and thereby become fully paid up and non-assessab1e, and in the absence of actual fraud in the trans action, the judgment of the board of di- rectors of this ompanX 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 ill the office of the Cor poration Commissin of the State of Ari zona, and certified copy thereof i'll 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 a board of not less thon five nor more than nine dirPc- tors, and the following named per sons shall constitute the board of di- rectors, until their successors are elected and qualified: viz, D. F.. An dress, Asa Miller. J. o. Phillips, M. Q. Hardin and R B OWnhY Thereafter