The copper era and Morenci leader., 1917-09-07

Arizona. or in any other part of the United States or the Dominion of Canada or in any other part of the world or Mexico; and to explore, work, develop and turn to account the same; and acquire by appropri- ation, purchase, lease, or otherwise, and to own and use water and water rights, incident to the business of mining and for domestic and all proper use; to buy, use, sell, manu facture and deal in minerals, plant, machinery, mills, smelters, imple- ments, provisions and things used in or in connection with the mining op- erations of the company; to extract, treat, reduce and prepare for market, ore. metal and minerals of all kinds and to construct and own pipe lines, telegraph and telephone lines, and to do anything else which may seem con ducive to the company's interests; and to construct, operate or aid any railroad, tramway, turnpike, bridges, or canals, which lead from the company's works, mines and proper ty. to any navigable stream, or some existing railroad, turnpike or public highway; to own, handle and control
 
 shares of it's own capital stock and that of other corporations, and to vote any shares of other corporations owned by it the same as a natural person might do; to borrow money and issue bonds, notes, debentures and other evidences of indebtedness and to secure the payment of the same by mortgage, deed of trust or otherwise; to act as agent, trustee, broker, or in any other fiduciary ca pacity; 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 the law, in any part of the world, as the board of directors may deem to the advantage of the cor poration. fs ARTICLE IT, The capital stock of the corporation shall be Three Mil lion Dollars (s3,00O,000. .OO) divided into Three Million (3,000,000) shares of the par value of One Dollar ($1 .00) each, which shall be paid in, at such time as the board of directors may property, services, lease, option to purchase, or any other valuable right or thing, for the use and purposes
 
 capital stock, when issued in ex- change therefor, shall thereupon and thereby become and be full-paid the same as though paid for in cash at par, and shall be non-assessable for ever, and the judgment of the direc- tors as to the value of any property, right or thing acquired in exchange for capital stock shall be conclusive.
 ARTICLE ". The commencement of the corporation shall be the date of the issuance to it of certificate of incorporation by the Arizona Cor poration Commission, 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 a Board of Directors and such officers as the said directors may elect or appoint. The number of directors shall be designated by the bylaws ard shall be elected from among the stockholders at their annual meeting to be held on the 1st day of March of each year. Until the first annual meeting of the stockholders and until their successors have been elected and have qualified, the following named persons shall be the officers and directors: Charles M. Gibson and George F. Reed.
 i ARTICLE VI. The directors shall have power to adopt, amend and re- scind bylaws, to fill vacancies oc- curing in the board from any cause, and to appoint from their own num- | Der an executive committee and vest said committee with all the powers granted the directors by these ar 1 ticles.
 ARTICLE VII. The highest amount of indebtedness or liability to which the corporation may at any one time subject itself is Two Million Dollars ! ($2,000 ,000. .00.)
 ARTICLE VIII. The private prop erty of the stockholders of the cor pcration shall be forever exempt from it's debts or obligations.
 ARTICLE TX. The corporation does hereby appoint J. F. Niccolls of Clifton, Greenlee County, Arizona who has been bona fide resident oi Arizona for at least three years, its lawful agent in and for the State o Arizona for and in behalf of .sai( company, to accept and acknowledge service of, and upon whom may be ! served, all necessary process CT pro cesses in any action, suit or proceed ing that may be had or brought against said company in any of the courts of said State of Arizona, suct service of process or notice, or tht acceptance thereof by said agent en dcrsed thereon, to have the same force and effect as if served upon th' president and secretary of said com pany.
 II IN WITNESS WHEREOF, we here unto affiX our signatures and seal: this 9th day of March, A. D. 1917. ! CHARLES NJ. GIBSON, Seal , GEORGE F. REED, Seal
 State of Texas,
 County of Fl Paso, Ss.