The copper era and Morenci leader., 1917-06-22

mestic purposes.
 To construct and own telegraph 1 and telephone lines, and wireless sta I tions, and operate same as provided i 6y 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 navigable stream, or to some eX- istine railroad, high way or turnpike.
 To own, handle and control letters ratc ct and inventions and shares of it's 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 by mortgage, deed of trust, or otherwise;
 To act as agent, trustee, broker, or in any other fiduciary capacity; and in general to do, perform such acts and things and transact such busi- ness in connection with the foregoing objects, not inconsistent with law, in any part of the world, as the Board of Directors may deem to the advan tdSe or the cOTpOTdtlOn
 ARTICLE V.
 | The authorized amount of the capi- tai stock of this corporation shall be one hundred fifty thousand and no-100 dollars. ($150,O0 0O), divided into one hundred fifty thousand shares of the par value of one dollar ($1 00) each. Said capital stock shall be paid at such time as the Board of Directors may designate, in cash, real or personal 7 property, services, lease, option to pur chase or any other valuable right or thing, for the uses and purposes of the corporation, and all shares of capital stock, when issued in exchange there 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.
 ARTICLE VI.
 The time of the commencement of this corporation shall be the date of the filing of the original Articles of In- corporation in the office of the Cor poration Commission of the State of Arizona, and 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
 ARTICLE VII
 The affairs of this corporation shall be conducted by a board of directors and such officers as the said board of annnint Tho number of the directors shall be de signated by the bylaws, and shall be elected from among the stock hold i 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 consti- 1 tute the board of directors, viz: O. J . Cotey, Frank H. Springer, Rodney FL lis, E. NJ. Williams, Dell M. Potter, Sam Abraham, Ben F. Spriggs, and Richard Stephens.
 | The officers of this corporation shall | be president, vice-president, secre \ tary and treasurer, and such other \ officers as the board of directors may
 from time to time, determine, pro | vided that, the president, vice presi I dent and secretary shall be choser
 from among the members of tht
 board of directors. The treasurer need not be director of the com | pany. and that office may be flllei r and the duties thereof discharged b. | any other officer of the company i | and when the board of director | shall so determine.
 | The officers of this corporation ant | until their successors are elected ant qualified shall be as follows; O. ] | Cotey, President; Frank H. Springer | e-fresident; Rodney Ellis, Secre | tary and Treasurer.
 ARTICLE VIII
 !, The highest amount of the indebt edness or liability, direct or contir gent to which this corporation is O shall at any one time become subject shall be one hundred thousand do ,j lars ($100000 00), which amour does not exceed two-thirds of tn - amount of the capital stock of thi
 company.
 > ARTICLE TX.
 r. The private property of the stoc T holders of this corporation shall be ez d empt from the corporate debts of thi s company of any and every kint
 whatsoever.
 IN WITNESS WHEREOF, we hav S hereunto subscribed our names thi l. 25th day of May, A. D. 1917.
 O. J. COTEY
 SDDINHEP