The copper era and Morenci leader., 1917-08-17
ARTICLES OF INCORPORATION
 of the AZTEC CONSOLIDATED PLACER

of the
 AZTEC CONSOLIDATED PLACER
 MINES
 KNOW ALL MEN BY THESE PRESENTS: That we, the under signed, having associated ourselves together for the purpose of forming corporation under the laws of the State of Arizona, hereby adopt the fol lowing Articles of Incorporation:
 ARTICLE l.
 The name of the corporation shall be AZTEC CONSOLIDATED PLACER MINES, and it's principal place of business shall be Morenci, Arizona, but other offices may be established and maintained within or outside of Arizona at such places as the Board of Directors may designate, where meetings of the stockholders and directors may be held and any and all corporate business transacted. ARTICLE II.
 The general nature of the business proposed to be transacted is as follows to-wit: To purchase, locate, own, lease, and operate placer minse; to bore, drill, prospect and mine for gold, silver, copper, lead, zinc, brass, iron, steel, antimony, tin, asbestos and all kinds of ores, metals, minerals and precious stones. oils, gas and cOal, and to mill, convert, prepare for mar ket and otherwise produce and deal in the same and in the products and by-products thereof; to purchase or otherwise acquire, own, exchange, sell, or otherwise dispose of, mortgage, hypothecate and deal in mines and mineral lands Of all kinds. oil, coal, and timber lands, real and personal r;1 %o work. explore, operate and develop the same. and carry on the business of mining in all it's branches; to pur- CT lse or :ot; t;rrwise acquire, erect, own, operate and dispose of smelling and ore reduction works, oil refin- cries, saw mills and power plants; to do general manufacturing and mer- cantile business; 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 stock of other corporal tions owned by it the same as ia naturel person might do; to bor- row money and to issue bonds, notes, debentures and other evidences of in debtedness and secure the payment of the same by mortgage, deed of trust or otherwise; to act as agent, trustee, broker or in any other ffduciary capa- city; 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 law, in any part of the world, as the board of directors may deem to the advantage of the corpora tion.
 ARTICLE III
 TIL s&ol tion shall be one million five hundred thousand dollars ($1 1,500,000), divided into one million five hundred thou sand G,500.000) shares of the par val ue of one dollar ($1) each, which shall be paid in, at such time as the Board of p'rectors may. designate, in cash, req! or personal r'trerty, se' ,>, s. cease, option to purchase, or any '.,h-r valuable right or thing, for the uses and purposes of the corporation, and all shares of capital stock when issued in exchange therefor shall thereupon aud thereby become and be full-paid the same as though paid for in cash at par, and shall be non-assessa ble forever, and the judgment of the di- rectors as to the value of any prop erty, right, or thing acquired in eX- change for capital stock shall be con- elusive.
 ARTICLE ".
 The commencement of the corpora tion shall be the day these articles are filed in accordance with law, 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 Board of Directors and such officers as the said directors may elect or appoint. The number of directors shall be designated by the i3y-Laws and shall be elected from among the stockholders at their an- nual meeting to be held on the second Tuesday in May of each year. Until the first annual meeting of the stock holders, and until their successors have been elected and have qualified, the following named persons shall he the directors: P B. JOHNSTON, WALTER M. CAMPBELL, WILLIAM c. BROOKS, E. M. MASSEY and R. A. KIRKPATRICK, all of Los Angeles, California.
 | ARTICLE VI. 1 2 ne directors shall have EoWer to adopt, amend and rescind By-L1ws, to ! flll vacancies occurring in the Board ! from any cause, and to appoint from their own number an Executive COm- mittee and vest said committes with all the powers granted the directors by these Articles
 ARTICLE VII
 The highest amount of indebted ness or liability to which the corpora tion may at any time subject itself is the sum of one hundred thousand dol lars (s100,00OD
 | ARTICLE VIII.
 1 The private property of the stock holders of the corporation shall be forever exempt from it's debts or ob- ligatiops.