The copper era and Morenci leader., 1920-05-14

Amos A. Betts, Chairman. Attest: A. B. 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 flee 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
 1uo pldC0 Ol UuSlutSS Ol the corporation is Clifton, Arizona, al 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 CT 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 O the corporation is one million dollars 1 divided into one hundred million shares of stock of the par value of one | cent each Stock may be paid for ir 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 phymen for stock shall be conclusive and final All stock when issued shall thereupol be and become fully paid and non aSseSSable. .-s-a-r
 The corporation shall commence ur on the date of the filing of these art cles in the office of the County Recort CT of the County of Greenlee, Arizona and shall terminate twenty-five year from and after said date; but the col 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 shall be in favor of such renewal. VI
 The highest amount of indebtedness or liability, direct or contingent, t which the corporation is at any tim to subject itself, is five hundred thous and dollars; the private property O the stockholders shall be exempt iron the debts of the corporation. VII
 The affairs of the corporation shal be conducted by a board of director consisting of not less than three no more than seven members, and pres ident, vice president, and secretary treasurer, chosen by the board of d rectors from their members. Tn board of directors shall be elected b the stockholders at each regular annu al meeting of the stockholders, whicl meeting shall be held the first Monda in January of each year. Until thei successors are elected and shall qua, ify the following shall constitute tn board of directors and officers of tn corporation F. M. Farrell, directo and president; F. E. Farrell, directo and vice-president; Irene Farrell, di rector and secretary treasurer.
 VIII
 The general nature of the bushes proposed to be transacted by the COT poration is as follows:
 To acquire, own, lease, occupy, us or develop lands containing cooper iron, gold, silver lead, stone, coal, pc troleum, oil naptha, asphaltum, na , ilral gas, or other minerals or ores.
 To own, acquire, use lease, operat and maintain machinery, tools, drill ing rigs, and appliances of every kim and character, for the mining, devel ! l,,n .F ~fr