The copper era and Morenci leader., 1920-05-07

Amos A. Belts, Chairman. Attest: A. E. Stelzer, Secretary. 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 amendatory thereto, do hereby certify as follows:-
 The name of the corporation is Arizona Purchasing and Development Company"
 The names, residence, and post of 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 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 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 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 year' from and after said date; but the cor poration may be renewed from time tt time for periods not exceeding twent. five years, when three-fourths of th' votes cast at any stockholders meetin. duly called and held for that purpos' shall be in favor of such renewal.
 VI
 The highest amount of indebtedness: or liability, direct or contingent. tt which the corporation is at any time to subject itself, is five hundred thous and dollars: the private property O 1 the stockholders shall be exempt iron i the debts of the corporation.
 VII
 The affairs of the corporation shal be conducted by board of director: consisting of not less than three nol ! more than seven members, and a pres | ident, vice president, and secretary ! treasurer, chosen by the board of di rectors from their members. The board of directors shall be elected b! the stockholders at each regular annu | al meeting of the stockholders, whict meeting shall be held the first Monda! in January of each year. Until theil 1 successors are elected and shall qual ify the following shall constitute the i board. of directors and officers of the 1 corporation F. M. Farrell, director and president: F. E. Farrell. director and vice-president; Irene Farrell, al rector and secretary-treasurer. The general nature of the bushes: proposed to be transacted by the cor poration is as follows:
 To acquire, own, lease, occupy, ust or develop lands containing copper iron. gold, silver, lead. stone. coal, pc troleum, oil, naptha, asphaltum, nat ural gas. or other minerals or ores.
 To own, acquire, use lease. operatt and maintain machinery, tools, drill ing rigs, and appliances of every kinC and character for the mining, deyel opfne. and production of any ores min erals. oils. or other mineral products and for the maintaining of mines