The copper era and Morenci leader., 1919-07-11

,porations and to vote any shares of stock of other corporations owned Dy it the same as a natural person might ll.do; to borrow money and issue bonds notes, debentures and other evidence 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 fidu- ciary capacity, and in general to do and perform such acts and things and transact such business in con- Jnection with the foregoing obligations not inconsistent with the law in any part of the world, as the Board of Directors may deem to the advantage of the corporation.
 Article 8. The capital stock of the corporation shall be Twenty-Five Thousand ($25, ,OOO.OO Dollars divided into Two Hundred Fifty shares of the par value of One Hundred ($1OO.OO) Dollars each, which shall be paid in at such times as the Board of Direct ors may designate. in cash, real or personal property, services, lease, op- tion to purchase or any other valu- able right or thing for the uses and purposes of the corporation and all shares of capital stock, when issued in exchange therefor, shall thereupon and thereby become and be fully paid the same as those paid for by cash at par. and shall be non-assessable for ever, and the judgment of the direct ors as to the value of any property, right or thing acquired in exchange for capital stock shall be conclusive.
 Article 4. The commencement of
 the corporation shall be the date of
 the issuancee to it of a certificate oi Incorporation by the Arizona Corpora
 tion Commission. and shall endure for the full term of twenty-five years thereafter, with the privilege of per petual succession as provided by sta
 ute
 ! Article 5. The affairs of the Cor . poration shall be conducted by tho Board of Directors and such officers , point. The number of directors shall be as the said directors may elect or ap
 designated by the bylaws and shal be elected from among the stockhold
 CTS at their annual meeting to bt
 held the first Monday in June of eacf
 year. Until the first annual meet
 kng of the stockholders and until their successors have been elected Aand Have qualified. ltha Following
 named persons shah be the officers
 and directors: T. H. Jordan, w. A
 E. Hult, E. N. Little, Louis A. Kuehne
 and w. E. Ferguson.
 Article 6. The directors shall have
 power to adopt, amend and rescind Bylaws, to fill vacancies occurring in
 the Board from any cause and to ap
 point from their own number an exc
 cutive committee and vest said com
 mittee with all the powers granted the directors by these articles. Article z The highest amount of in
 debtedness or liability to which the
 corporation may at any time subject itself is Ten Thousand ($1O,OOO.OO) Dollars.
 , Article 8. The private property o the stockholders of the corporation
 shall be forever exempt from it's debts
 or obligations.
 Article g. This corporation doe.
 hereby appoint w. E. Ferguson O
 Hdlbrook, Arizona, who has been {,
 bona fide resident of Arizona for a
 least three years, its lawful agent il :: and for the State of Arizona for an, J. in behalf of said company, to accep f and acknowledge service of and upol S whom may be served, all necessar l. process or processes in any actiol
 suit or proceeding that may be ha {: or brought against the said compan |. in any of the Courts in said state 0 t. Arizona, such service of process o l. notice, or the acceptance thereof b l. said agent endorsed thereon, to hay
 the same force and effect as if serve n upon the President and Secretary c s said Company.
 a In witness whereof, we hereto diff IT our signatures and seals this 18th da T. of June. A. D., 1919:
 e T. H. Jordan, (Seal)
 d W. A. E. Hult, (SeaD. e E. N. Little, (SeaD.
 d Louis A. Kuehne, (SeaD. IS W. E. Ferguson. (SeaD.
 State of Arizona
 ,f County of Ss t. Before me, J. Y. Ainsa. a notar
 public in and for the county and stat e aforesaid, on this day personally al