The copper era and Morenci leader., 1917-06-29
meStic purposes

meSttc purposes.
 To construct and own telegraph ! and telephone lines. and wireless sta !! tions, and operate same as provided i By law.
 To construct. operate or aid any railroad. tramway, highway. or turn pike, bridges or canals. which lead from the property of the company to some naviga ble stream, or to some eN- istine railroad, high way CT turnpike. To own. handle and control letters rat -': and inventions and shares Of its own capital stock and that of other corporations and to vote any shares of stock of other corporations owned by it the same as a natural person might or could do;
 To borrow money and issue bonds, notes, debentures and other evidences Of indebtedness and secure the pay ment of the same hy mortgage, deed ] of trust, or otherwise;
 ! To act as agent, trustee, broker, or 1 in any other fduciary capacity; and
 in general to do, perform such acts and things and transact such busi- ness ir connection with tho foregoing objects. not inconsistent with law, in
 any part of the world, as tHe Board : Of Directors may deem Co the advan
 tage O. the corporation.
 ARTICLE V.
 The authorized amount oS the capi- tai stock Of this corporation shall be
 one hundred fifty thousand and no-1O0 dollars. tS15O.G10. 0Ol. divided into one hundred fifty thousand shares of the
 par value of one dollar (Sl O0l each.
 Said capital stock shall be paid at such
 time as the Board of Directors may [ designate. in cash. real or personal property. services, lease, option to pur chase. or any other valuable right or thing. for the uses and purposes of the i corporation. and all shares of capital stock. when issued in exchange there i for. shall thereupon and thereby be- come and be fully paid up and non asseSsable. the same as though paid
 for in cash at par. and in the absence
 of actual fraud in the transaction, the
 judgment of the board of directors of this company as to the value of the services rendered or the property purchased shall be conclusive. i ARTICLE VI.
 The time of the commencement of this corporation shall he the date of the
 filing of the original Articles of In- corporation in the office or the Cor 1 poration Commission of the State of Arizona, and a certified copy thereof
 in the office of the County Recorder
 of the County of Greenlee, State of ! Arizona, and the termination thereof shall be twenty-five years thereafter
 with the privilege of renewal from time to time as provided by law. i ARTICLE VII
 The affairs of this corporation shall i Oe conducted by a board of directors and such officers as the said board of directors may elect or appoint. The -h.r l~ .a sisnated by the bylaws, and shall be elected from among the stock hold CTS at their annual meeting. Until
 the first annual meeting Of the stock
 holders. and until their successors have been elected and qualified, the following named persons shall constf ute the board of directors, viz; O. J. Cotey, Frank H. Springer, Rodney Ei-
 lis. F.. Nj. Williams, Dell NJ. Potter, Sam Abraham. Ben F. Spriggs, and
 Richard Stephens.
 The officers Of this corporation shall
 be a president. vice-preSident, secre- tary and treasurer. and such other
 officers as the board of directors may, from time to time, determine, pro !, yided that. tue president, vice preSi- dent and secretary shall he chosen from emonE the members of the : board ot directors. The treasurer need not be director of the com pany. and that office may he filled and the duties thereof disv charged by | any other officer ot the company Ii and when the board ot directors !, shall so determine.
 i The officers ot this corporation and ! until their successors are elected and [ qualified shall he as follows, O. T, | Cotey. President; Frank II, Springer, \ Nice-PCcsident; Rodney Ellis, Secre- \ ,ary and Treasurer.
 N ARTICLE VIII
 The highest amount of the indebt . edness or liability, direct or contin
 gent to which this corporation Is or
 shall at any one time become subject
 shall be one hundred thousand dol , lars t$lUU. .OGC OOl, which amount does not exceed two-thirds of the . amount oT the capital stock ol this
 company.
 ARTICLE IN.
 The private property of the stock holders of this corporation shall be eN' empt from the corporate debts of this company of any and every kind
 whatsoever.
 IN WITNESS WHEREOF, We have
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