The copper era and Morenci leader., 1917-05-25
in the absence of actual fraud, be con-

ArtiCle TOUT. 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 Five.
 The affairs of the Corporation shall be conducted by a board of not less than three nor more than seven di- rectors by whom a President ana 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 M6xlCO.
 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 a 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 l or liability, direct or contingent, to r which this corporation may be sub !, ject at any one time shall be Three l hundred thousand dollars (s300, ,000.00) which amount does not exceed two } thirds of the amount of the capital stock.
 Article Eight.
 hC PlOPC1Iy OL IhC oCOSh-
 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 a 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. COUCH, (Seal.) , STATE OF ARIZONA,
 County of Greenlee, ss. This instrument was acknowledged before me this 27th day of December, , IA. D. 1916 by HENRY HILL, R. R. r WEBSTER and DAVE COUCH who
 acknowledged to me that they exc r cuted the same for the purpose and l, consideration therein expressed. \ (NOTARIAL SEAL.)
 B JAS. H. KERRY, |, Notary Public. + My Commission expires May 18th. r 1920.
 ! Filed in the office of the Arizona ' Corpora tion Commission this 29 day |, of March, A. D., 1917 at 10:00 A. M., :. at the request of J. H. Kerby, whose 5 post office address is Clifton, Arizona. | Arizona Corporation Commission. By F. A. JONES, ! Chairman. l. RECORDERS OFFICE o Greenlee County, Arizona. S Filed for record the g day of April