The copper era and Morenci leader., 1920-04-30


 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 amendatory thereto, do hereby certify as follows :- -s,
 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:
 F. M. Farrell, whose residence and post office address is Clifton, Arizona,;
 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- cipa1 place of business in the State of Arizona; but the corporation is author ized to maintain offices and places of
 
 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.
 "
 %.l e,Sr 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' 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 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. /
 VI
 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. VII
 The affairs of the corporation shall be conducted by board of directors consisting of not less than three nor more than seven members, and 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 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- ify the following shall constitute the board of directors and officers of the corporation. F. M. Farrell, director and president; F. E. Farrell, director and vice1president; 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 ownI 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 min erals, oils, or other mineral products