The copper era and Morenci leader., 1917-04-27

in the absence of actual fraud, be con- elusive.
 Article Four. The time of the commencement of the corporation shall be the day these Articles Of Incorporation are filed in accordance with law, and the termi- nation thereof shall be twenty-five years thereafter with the privilege of renewal and the right of perpetual succession now provided by law. Article Hive. The affairs of the Corporation shall be conducted by board of not less than three nor more than seven di- rectors by whom President and Vice-President and a Secretary and Treasurer shall be elected from among their number. The offices of Secre- tary and Treasurer may be combined in one person at the discretion of the Board of Directors. The Directors shall be elected by the stockholders at the regular annual meeting of the stockholders of the company which shall be held on the first Monday in the month of July of each year. Un- til their successors are elected and have qualified, the following named persons shall be the directors: Henry Hill, whose address is Clifton. Arizona; R. R. Webster, whose ad- dress is Clifton, Arizona; David Cough whose address is Steeple Rock, New Mexico.
 The Board of Directors shall have full power to make, adopt, alter, re- scind and change Bylaws for the corporation. The Board of Directors shall have full and complete power to do all and everything necessary in the carrying on and conducting of the affairs of the corporation, and every thing incident thereto, and to the same extent as if specially authorized to do so by vote of majority of the stock outstanding. Other officers may be provided for in the Bylaws as deemed necessary by the Board of Di- rectors.
 Article Six.
 The directors shall adopt bylaws for the government of the corporation and may amend the same. They shall have power to fill vacancies ap- bearing in the board from any cause.
 Article Seven.
 The highest amount of indebtedness or liability, direct or contingent, to which this corporation may be sub- ject at any one time shall be Three hundred thousand dollars (S3OO, ,OOO. .O0) which amount does not exceed two thirds of the amount of the capital stock.
 Article Eight.
 The private property of the stock holders and officers of this corpora tion shall be exempt from all corpor- ate debts of any kind whatsoever.
 Article Nine.
 These Articles may be amended by the affirmative vote of majority of the outstanding stock at any regular or special meeting called therefor.
 IN WITNESS WHEREOF, we have hereunto set our hands and seals this the 27th day of December, A. D. 1916.
 HENRY HILL, (Seal.)
 R. R. WEBSTER, (Seal. D. COUGH, i(Seal.) lSTATE OF ARIZONA, s County of Greenlee, ss. | This instrument was acknowledged before me this 27th day of December, A. D. 1916 by HENRY HILL, R. R. WEBSTER and DAVE COUGH who acknowledged to me that they exc cuted the same for the purpose and consideration therein expressed. (NOTARIAL SEAL.) | JAS. H. KERRY, Notary Public. | MY SOlHAIlSSIOu cAplT0S May ZSIQ, 1920.
 Filed in the office of the Arizona Corporation Commission this 29 day of March, A. D., 1917 at 10:00 A. M., at the request of J. H. Kerby, whose post office address is Clifton, Arizona.
 Arizona Corporation Commission. By F. A. JONES, Chairman. RECORDER'S OFFICE
 Greenlee County, Arizona.
 Filed for record the day of April, 1917 at o'clock A. M., and recorded in book No. l, Interpretations, on page 209-214, at the request of Jas. H Kerby.
 ] RODNEY ELLIS,
 County Recorder
 By L. N. CALLICOTTE, | Deputy Recorder First publication April 27, 1917 Last publication June 1, 1917.