The copper era and Morenci leader., 1917-10-05

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 i mining and for domestic and all proper use; to buy, use, sell, manu- lecture and deal in minerals, plant, machinery, mills, smelters, imple- merts, provisions and things used in | or in connection with the mining op- erations of the company; to extract | treat. reduce and prepare for market, 1 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 1 ducive to the company's interests; l and to construct, operate or aid any | railroad, tramway, turnpike, bridges, | or canals, which lead from the | company's works, mines and proper l ty. to any navigable stream, or some existing railroad, turnpike or public highway; to own, handle and control letters patent and inventions and shares of its 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.
 ARTICLE III. The capital stock of the corporation shall be Three Mill lion Dollars (s3.OOO, ,OOO .OO divided into Three Million (3,000,000) shares of the par value of One Dollar (s1 .00) each, which shall be paid in, at such time as the board of directors may
 designate, in cash, real or personal
 property, services, lease, option to
 purchase, or any other valuable right
 or thing, for the use and purposes
 of the corporation, and all shares of N capital stock, when issued in eX- II 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 a certificate | of incorporation by the Arizona Cor. | poration Commission, and it shall | endure for the full term of twenty
 
 | 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 oI appoint. The number of directors shall be designated by the bylaws | ard shall be- elected from among the | stockholders at their annual meetins to be held on the 1st day of Marct of each year. Until the first annua meeting of the stockholders and unti
 their successors have been elected
 and have qualified, the followin,
 named persons shall be the officer!
 and directors: Charles NJ. Gibso1
 and George F. Reed.
 ARTICLE VI. The directors shal
 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 mum
 Der an executive committee and yes
 said committee with all the power
 granted the directors by these ar
 tiGles.
 ARTICLE VII. The highest amour
 of indebtedness or liability to whicl
 the corporation may at any one tim
 subject itself is Two Million Dollars HE S2,000,0 ,000. .0O.)
 HE ARTICLE VIII. The private proI HI erty of the stockholders of the col ll pcration shall be forever exemp y from it's debts or obligations.
 ARTICLE TX. The corporatio - does hereby appoint J. F. Niccolls
 of Clifton, Greenlee County, Arizons
 who has been a bona fide resident c
 Arizona for at least three years, it
 lawful agent in and for the State c
 Arizona for and in behalf of sai is- company. to accept and 'acknowledg IT, service of, and upon whom may b H. served, all necessary process or pro
 cesses in any action. suit or proceed
 ing that may be had or brough R against said company in any. of tn
 courts of said State of Arizona, suc id service of process or notice, or tn ,n acceptance thereof by said agent CT ', dCrsed thereon, to have the sam ed force and effect as if served upon tn
 president and secretary of said con na pany.
 ir- IN WITNESS WHEREOF, we here nd unto aftiX our signatures and seal at this 9th day of March, A. D. 1917. is CHARLES NJ. GIBSON, Seal
 GEORGE F. REED, Seal