The copper era and Morenci leader., 1917-09-14

l . Canada or in any other part of the i world or Mexico; and to explore, !! work, develop and turn to account i 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- fracture and deal in minerals, plant, machinery, mills, smelters, imple- ments, provisions and things used in or in connection with tlIe 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 cornpany's works, mines and proper ty. to any navigable 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 fiduciary 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 poration.
 ARTICLE III. The capital stock
 of the corporation shall be Three Mil lion Dollars ($3, ,000, ,000. .00) divided
 into Three Million (3,O0o, ,o0o) shares 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
 property, services, lease, option to
 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 II 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 l for capital stock shall be conclusive. H ARTICLE ". The commencement l of the corporation shall be the date | of the issuance to it of certificate | of incorporation by the Arizona Cor | poration Commission, and it shall endure for the full term of twenty | five years thereafter, with privilege | Of perpetual succession as provided | by statute.
 ARTICLE V. The affairs of the | corporation shall be conducted by g | Board of Directors and such officers as the said directors may elect ol appoint. The number of directors shall be designated by the bylaws ard Shall be elected from among the | stockholders at their annual meeting | to be held on the 1st day of Marcf | Of each year Until the first annua | meeting of the stockholders and unti | their successors have been elected and have qualified, the followin. and directors: Charles NJ. Gibso1 | 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 Der an executive committee and yes said committee with all the powers granted the directors by these ar
 ticles.
 | ARTICLE VII. The highest amour
 of indebtedness or liability to whicl
 the corporation may at any one tim,
 subject itself is Two Million Dollars
 ($2, 2,OO0,O00. .00.)
 ARTICLE VIII. The private prop
 erty of the stockholders of the COT
 pcration shall be forever eXemp y from its debts or obligations. \ ;, - ARTICLE TX. The corporation 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, it.
 lawful agent in and for the State o
 Arizona for and in behalf of sai, S. company, to accept and acknowledg, D. service of, and upon whom may b, n- served, all necessary process or pro
 cesses in any action, suit or proceed
 ing that may be had or brough R against said company in any of tn,
 courts of said State of Arizona, sucl i'd service of process or notice, or thu n acceptance thereof by said agent en ', dCrsed thereon, to have the sam, d force and effect as if served upon tht
 president and secretary of said com Ia pany.
 r. IN WITNESS WHEREOF, we here I'd unto affiX our signatures and seal. 1t this 9th day of March, A. D. 1917. is CHARLES NJ: GIBSON, Seal GEORGE F. REED, Seal
 (Notary SeaD