The copper era and Morenci leader., 1920-03-05

and in carrying on it's business, or for the purpose of attaining or furthering any of it's objects, to do any and all other acts and things, and to exercise any and all other powers which a CO., partnership or natural person could do or exercise, and which now, or here after may be authorized by law " The total authorized capital stock of the corporation is two hundred thousand dollars ($20O,00O) divided in- to two hundred thousand shares of par value of one dollar ($1.0O) each. Said stock when issued shall be full ly paid and non-assessable the di- rectors are authorized to receive and accept money or property in payment for stock so issued, and the judgment of said directors as to the value of any such property received in payment therefor shall be final
 V The duration of this corporation shall be twenty-five years, but the same may be renewed from time to time as provided by law; said corpor- ation shall commence on the date when these articles are filed and re- corded in the office of the County Re- corder of Greenlee County, Arizona, and shall terminate twenty-five years thereafter unless renewed as herein provided.
 The names, residences and post of flee addresses of the corporators are:
 Robert J. Mace, whose residence and post office address is Morenci, Ariz.
 Jesse J. Rascoe, whose residence and post office address is Morenci, Arizona
 Albert B. Williams, whose residence and post office address is Morenci, Arizona.
 Thomas B. Davis, whose residence and post office address is Morenci, Arizona.
 VII
 The affairs of this corporation shah be conducted by board of directors consisting of five members; the of ficers of the corporation shall be a president, first vice president, second vice president, and secretary-treasur CT; until their successors are elected and shall qualify the following per sons shall constitute the board of di rectors and officers
 Robert J. Nace-Director
 Jesse J. Rascoe- Director
 Albert B Williams-Director
 Thomas B. Davis-Director
 Maud Crist-Director Robert J. Nace-President Thomas B. Davis-1st Vice Presi dent.
 Jesse J. Rascoe-2nd Vice Presi dent.
 Albert B Williams Secretary Treasurer.
 The annual meeting of the stool holders shall be held on the first Mon day of January of each year, at whicl time the officers and directors of sai ;, corporation shall be elected. K The highest amount of indebtedness , or liability, direct or contingent t - which the corporation shall at an time subject itself is the sum of on
 hundred thousand dollars. The pr vate property of the stockholder shall be exempt from corporate debts J. In witness whereof, we have here I unto set our hands the 18th day ( January, A. D. 1920. t ROBERT J. MAGE JESSE J. RASCOE ALBERT B. WILLIAMS
 THOMAS B. DAVIS J. STATE OF ARIZONA, COUNTY O. o GREENLEE-SS. Before me, K. D. Fisk, notary pull lie in and for the County of Greenle' Il State of Arizona, on this day pc e sonally appeared Robert J. Mace, Je > Sc J. Rascoe, Albert Williams, an l. Thomas B Davis, known to me } be the persons whose names are sul y scribed to the foregoing instrumer and acknowledged to me that they e, Il ecuted the same for the purpose an L. consideration therein contained. Given under my hand and seal ( j. office this 12 day of January, A.
 1920.
 s K. D. Fisk, Notary Public. 0 (Notarial SeaD
 s My commission expires April 2 t 1923
 IS Filed in the office of the Arizon Corporation Commission this 16 da