The copper era and Morenci leader., 1917-09-21

ing claims and rights and land in
 Arizona, or in any other part of the
 United States or the Dominion of
 Canada or in any other part of the
 world or Mexico; and to explore,
 work, develop and turn to account
 the same;- and acquire by appropri-
 atiOn, purchase, lease, or otherwise,
 and to own and use water and water
 rights, incident to the business of
 mining and for domestic and all
 proper use; to buy, use, sell, manu-
 facture and deal in minerals, plant,
 machinery, mills, smelters, imple-
 merts, provisions and things used in
 or in connection with tie mining op-
 erations of the company; to extract,
 treat, reduce and prepare for market,
 ore metal and minerals of all kinds \ and to construct and own pipe lines,
 telegraph and telephone lines, and to
 do anything else which may seem con
 ducive to the company's interests;
 and to construct, operate or aid any
 railroad, tramway, turnpike, bridges, or canals, which lead from the
 companys works, mines and proper ty. to any nayigable stream, or some
 existing railroad, turnpike or public highway; 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 other corporations owned by it the same as a. natural | person might do; to borrow money | and issue bonds, notes, debentures and other evidences of indebtedness [ and to secure the payment of the
 same by mortgage, deed of trust or otherwise; to act as agent, trustee, | broker, or in any other flduciary ca pacity; 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 the law, in any part of the | world, as the board of directors may
 deem to the advantage of the cor Il poration.
 II ARTICLE III. The capital stock
 of the corporation shall be Three Mil
 lion Dollars ($3,000,000 .0O) divided
 of the par value of One Dollar ($1. .00)
 each, which shall be paid in, at such
 time as the board of directors may
 designate, in cash, real or personal II property, services, lease, option to II purchase, or any other valuable right
 or thing, for the use and purposes
 Of the corporation, and all shares of
 capital stock, when issued in ex-
 change therefor, shall thereupon and
 thereby become and be full-paid the
 same as though paid for in cash at
 par, and shall be non-assessable for
 ever, and the judgment of the direc- tors as to the value of any property, right or thing acquired in exchange Il for capital stock shall be conclusive. H ARTICLE ". The commencement | of the corporation shall be the date | of the issuance to it of certificate II of hu tho ri1 | poration Commission, and it shall endure for the full term of twenty i five years thereafter, with privilege | of perpetual succession as provided | by statute.
 + ARTICLE V. The affairs of the | corporation shall 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 bylaws I ard shall be elected from among the ! stockholders at their annual meeting I to be held on the 1st day of March Of each year. Until the first annual | meeting of the stockholders and until tteir successors have been elected I and have qualified. the followins named persons shall be the officers | and directors: Charles NJ. Gibson Il and George F. Reed.
 ARTICLE VI. The directors shal have power to adopt, amend and re scind bylaws, to fill vacancies oc | curing in the board from any cause and to appoint from their own mum II ber an executive committee and vest Il said committee with all the powers granted the directors by these ar ticles.
 | ARTICLE VII. The highest amount of indebtedness or liability to which tho corporation may at any one time subject itself is Two Million Dollars | (S2,000, ,000. .00.)
 | ARTICLE VIII. The private prop | erty of the stockholders of the cor | pcration shall be forever exempt y from it's debts or obligations.
 ARTICLE TX: The corpora tior = does hereby appoint J. F. Niccolls
 of Clifton, Greenlee County, Arizona
 who has been a bona fide resident O
 Arizona for at least three years, its
 lawful agent in and for the State o
 Arizona for and in behalf of saiC S. company, to accept and acknowledge T. service of, and upon whom may be T. served, all necessary process or pro
 cesses in any action, suit or proceed
 ing that may be had or brought
 courts of said State of Arizona, such q service of process or notice or the n acceptance thereof by said agent en dCrsed thereon, to have the same d force and effect as if served upon the
 president and secretary of said com a pany.