The copper era and Morenci leader., 1920-06-04
ARTICLES OF INCORPORATION OF
 ARIZONA PURCHASING AND DENEI .OPMENT COMPANY

ARIZONA PURCHASING AND
 DEVELOPMENT COMPANY
 We, the undersigned, in order to form a corporation for the purposes hereinafter stated, under and pursu- ant to the provisions of Title g of the Revised Statutes of Arizona, A. D. 1913 and acts and laws supplemental and amendatory thereto, do hereby certify as follows:-
 The name of the corporation is l Arizona Purchasing and Development Company"
 The names, residence, and post of i fee addresses of the corporators are as follows:
 F. M Farrell, whose residence and post office address is Clifton, Arizona; F E. Farrell, whose residence and post office address is Clifton, Arizona
 Irene Farrell, whose residence and post office address is Clifton, Arizona. | III
 The principal place of business of the corporation is Clifton, Arizona, at which place is the location of it's prin- cipal place of business in the State of i Arizona; but the corporation is author ! ized to maintain offices and places of business at other places within the State of Arizona, or in any other State or in foreign countries. The name of the agent of. the corporation, upon whom all notices and processes, in cluding service of summons, may be served, is F. M. Farrell, whose resi- dence and post office address is Cliff ton, Arizona.
 
 The total authorized cauital stock of the corporation is one million dollars, | divided into one hundred million shares of stock of the par value of one | cent each. Stock may be paid for in cash. services, or property. and the de termination of the board of Directors as to the value of any strvices or prop erty taken and accepted in payment for stock shall be conclusive and final. All stock when issued shall thereupon . he and become fully paid and non- assessable.
 ! The corporation shall commence up on the date of the filing of these arti cles in the office of the County Record CT of the County of Greenlee. Arizona , and shall terminate twenty-five years from and after said date; but the cor , poration may be renewed from time tC time for periods not exceeding twenty five years, when three-fourths of the votes cast at any stockholders meeting duly called and held for that purpose shall be in favor of such renewal. VI
 The highest amount of indebtedness or liability, direct or contingent. tC which the corporation is at any time , to subject itself, is five hundred thous and dollars: the private property oi [, the stockholders shall be exempt from , the debts of the corporation. VII
 :, The affairs of the corporation shal i be conducted by board of directors { consisting of not less than three nol f more than seven members, and pres ] ident, vice president, and a secretary [, treasurer. chosen by the board of di 1 rectors from their members. The , board of directors shall be elected b! # the stockholders at each regular annu 4 al meeting of the stockholders, whicl / meeting shall be held the first Monda! : in January of each year. Until thel
 successors are elected and shall qual o ify the following shall constitute th' ', board of directors and officers of th' ~ corporation. F. M. Farrell, directo < and president: F. F. Farrell. directo .s s and vice-president; Irene Farrell, di u rector and secretary-treasurer.
 VIII
 The general nature of the bushes
 proposed to be transacted by the col
 PoratiOn is as follows:
 To acquire, CTn, lease, occupy, us z. or develop lands containing copper r. iron, gold, silver lead, stone, coal pc
 troleum, oil, naptha, asphaltum, ma
 ural gas. or other minerals or ores.
 To own, acquire, use lease, operat "a and maintain machinery, tools, dr1l
 ing rigs, and appliances of every kin n and character. for the mining, deye Ie oping, and production of any ores mil If erals, oils, or other mineral product : and for the maintaining of mine! f' quarries, wells, factories, mills, sme :, ters, necessary for the production =. treatment, transportation, reduction ,, or manufacture of the same. q To mine, extract, remove, develol 3 transport, store. deal in, purchase, sel ,, hypothecate, and otherwise traffic il 7l copper, iron, gold, silver, lead, ston Io coal, petroleum, oil, naptha, asphaltun IS natural gas and any of the product 13 thereof, and any article consisting ( pr partly consisting thereof. m To acquire. own, construct, leas 5. use, occupy, manage, deal in. or in an Ia manner control. stores, mills, smel ed CTS. reduction plants, railroads, or ot ee CT means of transportation, wharve to ferries, pipe lines, buildings of evel re character gas works, refinerie 9i 'r- ducts, canals, acqueducts, elevator he water works, docks, elevators, wate
 ways, engines, cars, boats, ships, ar
 any other instrumentaiity for the pr