The copper era and Morenci leader., 1917-05-04

 wise herein expressed, be in no wise limited or restricted by reference to, or inference from, the terms of any other clause or paragraph in these Articles of Incorporation, but each shall be deemed to be seperate ob- jects or powers, and each of them, shall be deemed to be in furtherance of, and not in limitation of the gen. eral powers conferred by the laws of the State of Arizona.
 This corporation shall have perpetu- al succession, may sue and be sued l in it's corporate name, shall have a common seal and may alter it at it's pleasure; may render the shares or | interests of it's stockholders transfer able and prescribe the mode of mak- ling such transfers; may establish by- laws and make all rules and regu- lations necessary or expedient for the management and control of its cor porate affairs; and in general to do each and everything necessary, suit able, or proper for the accomplish ment of any of the purposes, or the at- tainment of any one or more of the ob- jects herein enumerated, or which shall shall at any time appear con- ducive to or expedient for the protec- tion or benefit of this corporation.
 ARTICLE V.
 The authorized amount of the capital stock of this corporation shall be Two Million, Five Hundred Thousand and no-100 ($2,500, ,000 .00) Dollars, Divided Into Two Million, Five Hundred Thousand (2,500,000) shares of the par value of One ($1 .00) Dollar each.
 ,E -I,1 I,@ fr,kr this corporation immediately upon subscription therefor, either in cash services, or by the sale or transfer tC it for the purposes, use and benefit of the corporation, of property, real personal or mixed, or any of them and in payment for which, shares oi the capital stock of this corporation may be issued, and the stock so issu ed and when issued, shall thereupoI and thereby become fully paid up and non-assessable; and in the absence ot actual fraud, in the transaction, the judgment of the Board of Directors of this company as to value of the services rendered or of the property purchased, shall be conclusive.
 ARTICLE VI.
 The time of the commencement o this corporation shall be the date o the filing of the original Articles o Incorporation in the office of the Cor poration Commission of the State O. Arizona, and a certified copy thereof in the office of the County Recorder of the County of Greenlee, State o Arizona, and the termination thereof shall be twenty-five years thereafter with the privilege of renewal from time to time as provided by law. ARTICLE VII.
 The affairs of this corporation shall be conducted by a Board of not less than Five (5) nor more than Nine (9) Directors, and the following nam ed persons shall constitute the Board of Directors, until their successors are elected and qualified; viz: w. J. Riley, c. Henry Thompson, Neil Thom pson, M. O. Simms and E. c. Bun ker. Thereafter the Board of Direc' tors shall be elected from among the stockholders on the second Monday in January in each and every year. i The officers of this corporation shall be a President, President, Secre tary and Treasurer, and such uthS- officers as the Board of Directors may from time to time determine; provid. ed that, the President, Vice-President and Secretary shall be chosen from among the members of the Board of Directors. The Treasurer need not be a member of the Board of Direc tors, and that office may be filled and the duties thereof discharged by any other officer of the Company, if and when, the Board of Directors shall SC determine.
 The officers of this corporation and . Inn qualified, shall be as follows: c. Henry Thompson, President; W. J. Riley, Vice-President and Treasurer and Neil Thompson, Secretary.
 ARTICLE VIII.
 The highest amount of indebtedness or liability, direct or contingent, tc which this corporation is or shall, al any time, become subject, shall be One Million, Five Hundred Thousand ($1, 5OO, ,000. 0e) Dollars, which amount does not exceed two-thirds of the amount of the Capital Stock of this Company.
 ARTICLE TX.
 The private property of the stock holders of this corporation shall bt exempt from the corporate debts anG liabilities of any and every kind whatsoever. ...
 IN WITNESS WHEREOF, we have hereunto subscribed our names, this 17th day of March, A. D. 1917.
 c. HENRY THOMPSON
 W. J. RILEY
 NEIL THOMPSON
 M. O. SIMMS
 E. c. BUNKER.
 STATE OF ARIZONA
 COUNTY OF GREENLEE, ss
 This instrument was acknowledged