The copper era and Morenci leader., 1920-05-21
ARTICLES OF INCORPORATION OF
 ARIZONA PURCHASING AND

ARTICLES OF INCORPORATION OF
 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 of the Revised Statutes ef Arizona, A. D. 1913 and acts and laws supplemental and amendatery thereto, do hereby certify as feliews:- it ~,.e IL a
 The name of the corporation is Arizona Purchasing and Development Company" sl s<.g. gry The names, residence, and post of flee addresses Of the c6rporat6rs 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 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 be and become fully paid and non- assessable.
 The corporation shall commence up on the date of the filing of these arti-
 
 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 to 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.
 V\
 The highest amount of indebtedness or liability, direct or contingent, to which the corporation is at any time to subject itself, is five hundred thous- and dollars; the private property of the stockholders shall be exempt from the debts of the corporation. .---r e VII -'
 srThe affairs of the corporation shall be conducted by board of directors consisting of not less than three nor more than seven members, andta pres ident, vice president, and secretary treasurer, chosen by the board of di- rectors from their members. The board of directors shall be elected by E the stockholders at each regular annu- | al meeting of the stockholders, which meeting shall be held the first Monday in January of each year. Until their successors are elected and shall qual- fly the following shall constitute the board of directors and officers of the corporation F. M Farrell, director and president: F. E. Farrell, director and vice-president; Irene Farrell, di-., rector and secretary-treasurer. VIII
 The general nature of the business proposed to be transacted by the cor poration is as follows:
 To acquire, own, lease, occupy, use or develop lands containing copper, iron, gold, silver, lead, stone, coal, pe- troleum, oil, naptha, asphaltum, nat 'ural gas, or other minerals or ores.
 To own, acquire, use lease, operate and maintain machinery, tools, drill ing rigs, and appliances of every kind and character, for the mining, devel- oping, and production of any ores mn erals, oils, or other mineral products and for the maintaining of mines, quarries, wells, factories, mills, smell ters, necessary for the production, treatment, transportation, reduction. | or manufacture of the same.
 To mine, extract, remove, develop. transport, store, deal in, purchase, sell, hypothecate, and otherwise traffic ln copper, iron, gold. silver, lead, stone, | coal, petroleum, oil, naptha, asphaltum. natural gas, and any of the products thereof, and any article consisting or | partly consisting thereof.
 To acquire, own, construct, lease, use, occupy, manage, deal in, or in any manner control, stores, mills, smelt- CTS. reduction plants, railroads, or oth- CT means of transportation, wharves, ferries, pipe lines, buildings of every character gas, works 9refineries yias ducts, canals, acqueducts, elevators, water works, docks, elevators, water