The copper era and Morenci leader., 1920-05-28
ARTICLES OF INCORPORATION OF
 ARIZONA PURCHASING AND

ARTICLES OF INCORPORATION OF ARIZONA PURCHASING AND
 DEVELOPMENT COMPANY
 We, the undersigned, in order to form 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 l amendatory thereto, do hereby certify as follows:-
 1 The name of the corporation is Arizona Purchasing and Development | Company"
 The names, residence, and post of flee addresses of the corporators are as follows: A
 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 T 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 oi !; 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 thereupor - be 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 Ol Iue SOuHly Ol SISShlOC, Al lHoho
 and shall terminate twenty-five year 7. from and after said date; but the co1 r poration may be renewed from time t,
 time for periods not exceeding twent,
 five years, when three-fourths of tn
 votes cast at any stockholders meetin
 duly called and held for that purpos e shall be in favor of such renewal. e VI
 }, Tho biohnSf aO1OnOt Of in0p bt PQQ6S h or liability, direct or contingent, tt f which the corporation is at any tim' n to subject itself, is five hundred thous e and dollars; the private property O n the stockholders shall be exempt iron r the debts of the corporation. n VII
 s- The affairs of the corporation shal
 be conducted by a board of directOr y consisting of not less than three no ). more than seven members, and pres e ident. vice president, and a secretary u treasurer. chosen by the board of d d rectors from their members. Th l. board of directors shall be elected b. ). the stockholders at each regular annu l. al meeting of the stockholders, whicl i- meeting shall be held the first Monda. d in January of each year. Until thei r, successors are elected and shall qua It ify the following shall constitute tn If board of directors and officers of tn l. corporation F. M. Farrell, directo n and president: F. E. Farrell, directo e and vice-president; Irene Farrell, d
 rector and secretary-treasurer. q VIII
 il The general nature of the bushes n. proposed to be transacted by the co e poration is as follows:
 IT To acquire, own, lease, occupy. us Il or develop lands containing copper
 iron, gold, silver, lead, stone, coal, pt " troleum, oil, naptha, asphaltum, ma n- ural gas, or other minerals or ores. d To own, acquire, use lease, operat 1t and maintain machinery, tools, dril e ing rigs, and appliances of every kin V, onJ ba for tho mi dova