The copper era and Morenci leader., 1917-09-28

world or Mexico; and to explore, l work, develop and turn to account l 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, ma chinery, mills, smelters, imple- ments, provisions and things used in or in connection with the 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, l telegraph and telephone lines, and to do anything else which may seem con 1 ducive to the company's interests; and to construct, operate or aid any railroad, tramway, turnpike, bridges, or canals, which lead from the company'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 i 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,O00, ,000. .O0) divided
 into Three Million (3,000,000) shares
 of the par value of One Dollar ($1. 00) leach, 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
 thereby become and be full-paid the
 same as though paid for in casE 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 for capital stock shall be conclusive. ARTICLE ". The commencement
 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 " 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
 ard shall be elected from among the
 stockholders at their annual meeting to be held on the 1st day of March I of each year. Until the first annual
 meeting of the stockholders and until their successors have been elected
 and have qualified, the following
 named persons shall be the officers | and directors: Charles NJ. Gibson I and George F. Reed.
 \ ARTICLE VI. The directors shall
 have power to adopt, amend and re- | scind bylaws, to fill vacancies oc- I curing in the board from any cause
 and to appoint from their own mum. ! Der an executive committee and vest | said committee with all the powers
 granted the directors by these ar. ticles.
 | ARTICLE VII. The highest amount
 of indebtedness or liability to which ' the corporation may at any one time ! subject itself is Two Million Dollars 1: (s2 2,000. .000. .00.)
 : ARTICLE VIII: The private prop. E erty of the stockholders of the cor. : peration. shall be forever exempt J from it's debts or obligations. ARTICLE K. The corporation : does hereby appoint J. F. Niccolls
 of Clifton, Greenlee County. Arizona
 who has been bona f1de resident of % Arizona for at least three years, it's lawful agent in and for the State of Arizona for and in behalf of said . company. to accept and. acknowledge rserTiee:-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 against said company in any of the
 courts of said. State of Arizona, such service of process or notice, or the dcceptduce tnereot p- Sdiu dSeue eu- dGrsed thereon, to have the same force and effect as if served upon the
 president and secretary of said com- pany.
 i IN WITNESS WHEREOF, we here
 unto affiX our signatures and seals this 9th day of March, A. D. 1917.
 .. CHARLES NJ GIBSON, Seal . GEORGE F. REED, Seal
 Notary .SeaD