The copper era and Morenci leader., 1917-06-29

uSDltttuSSS, anu IO execute ulOFISdSSS and deeds of trust to secure the pay ment of the same;
 To loan or advance money to indi- viduals, firms or corporations on open account, or in personal or corporate notes of such individuals, firms or cor pOTatiOnS, with or without security. To acquire and own any and all real estate that may be necessary or useful i in carrying out any one or all of the objects for which this corporation is | formed as herein set forth.
 | To buy, own, hold or otherwise ac Guire, pledge, sell or otherwise dispose
 Of shares of the capital stock or bonds of this corporation, and also of ether
 corporations including the right to deal in bonds or obligations of any munici- i pality, state or government.
 l To enter into contracts of all kinds
 with firms, individuals, corporations.
 and civil, municipal state or govern
 mental authorities, whenever the same shall be authorized by the directors of 1 this organization, or by the bylaws of l this company, and consistent with the
 purposes, objects and powers for
 which this corporation is formed.
 To merge or consolidate this con- pany with any other corporation or
 corporations, to sell, lease, exchange, surrender, or otherwise deal with the
 whole of the undertaking and property
 and rights of this corporation, or any
 part thereof. for such consideration as
 the board of directors may think fit,
 and in particular for any shares i (whether credited as partly or fully
 paid up or otherwise), debentures or
 securities of any other company and
 to divide such part or parts as may l be determined by the board of direc-
 tors of the purchase moneys, whether : in cash, shares or other equivalent,
 which may at any time be received by
 this corporation on a sale of, or other
 dealing with the whole or part of the
 property, estate, effects, and rights of
 the corporation, amongst it's stockhold-
 CTS by way of dividends or bonus in
 proportion to their shares,o otherwise
 deal with the same as the board of
 directors may determine; provided however, that such merger, consolida-
 tion, sale, lease, exchange, surrender
 or other disposition of the property
 and rights of this corporation, shall
 be either authorized in the premises
 or, subsequently ratified by, the vote
 or written consent or assent of ma
 jority of the outstanding and issued
 stock of this company.
 
 this article shall, except where other
 wise herein expressed, be in no wise i 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 separate ob-
 jects or powers, and each of them in furtherance of, and not in limitation
 of the general powers conferred by the
 laws of the State of Arizona.
 This corporation shall have the per
 petual succession, may sue and be sued
 in it's corporate name, shall have a
 common seal, and may alter it at it's
 Lleasure; may render the shares or in terests of it's stockholders transfera-
 ble and prescribe the mode of making such transfers; may establish bylaws and make all rules and regulations necessary or eXpedient for the manage ment and control of it's corporate af fairs; and in general to do each and everything necessary, suitable or prop
 CT for the accomplishment of any of the purposes, or the attainment of any one or more of the objects herein emu merated. or which shall at any time ap pear conducive to or eXpedient for the protection or benefit of this corpora- tiUn.
 ARTICLE V.
 The authorized amount of the capi- tai stock of this corporation shall be One Million and no-100 ($1 900, ,000.00) Dollars, divided into one million shares of the par value of One ($1.OO) Dollar each. Said capital stock shall be paid into this corporation immediately upon subscription therefor either in cash, services. or by sale and transfer to it : f<>, fI,<Nr nf thG aticn. of real or personal property, or
 both Of them, and in payment for
 which, shares of the capital stock of this corporation may be issued and the stock so issued and when issued, shall thereupon and thereby become fully paid up and non-assessable. and in the absence of actual fraud in the trans action, the judgment of the board of di- rectors Of this ompany as to the value of the services rendered or the prop erty 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 Incorporation in the office of the Cor poration Commissin of the State of Ari zona, and a certified copy thereof in the office of the County Recorder of the County of Greenlee, State of Ari-
 zona, and the termination thereof shall be twenty-five years thereafter with tho privilege of renewal from time to time as provided by law. ARTICLE VII
 The affairs Of this corporation shall be conducted by board of not less than five nor more than nine direc tors, and the following named per sons shall constitute the board of di- rectors, until their successors are elected and qualified; viz, D. F. An dress, Asa Miller, J. o. Phillips, M. Q. Hardin, and B. B. Ownby. Thereafter the board of directors shall be elect
 ed from among the stockholders of the company on the second Monday in January in each and every year.