Williams news., 1902-11-22
Articles of Incorporation
" Dennis DeMund Lumber Company"

Know All Men by These Presents: That we. whose names are hereunto affixed. do hereby associate ourselves together for the purpose of forming a corporation under the laws of the Territory of Arizona. and to that end make the following statement=
 FIRST:
 The names of the corporators are H. P. De- Mund. J. N. Dennis. N. salzmAn and A. H. Dem his. and the name of the corporation shall be DESSIS-DEMUND LUMBER COMPANY The principal place of business of said corporation within the Territory of Arizona, is Rhoades. Coconino County. Arizona. and the principal place of business of said corporation outside of the Territory of Arizona shall be the City of Los Angeles. fin the State of California. such other place the Board of Directors by reso- lufion direct
 The general nature of the business proposed to be transacted by this corporation is as fol- lows. to-wit= To purchase. direct. own. operate. exchange. sell or otherwise dispose of. pledge mortgage or hypothecate real estate, lands and personal property in the Republic of Mexico. the Territory of Arizona. or elsewhere. to buy and sell ores. metals. oil. coal and mineral rights. water and water rights. to explore. de- velop and mine oil. coal. ores. metals and other minerais- and to do a general real estate and mercantile business. to buy. sell. build and operate electric and steam plants. water pipe lines and irrigating plants. to buy. sell. build and operate power plants. to borrow money and uGEtkakts UT atear ol trust to secure the same. to hold stocks in other com panies. and in general to buy. deal in and sell timber and to manufacture and sell lumber and do a manufacturing business generally and all things incident thereto. to construct. operate and maintain railways. turnpfkes. telegraph and telephone lines. to conduct a ranch or ranches. plantation plantations in the Ter ritory of Arizona; in the Republic of Mexico. or elsewhere. and to do all things incident and necessary to the proper conduct of the
 
 of Arizona and elsewhere. not inconsistent with the laws of the United States the Ter rity of Arizona
 THIRD:
 The authorized amount of capital stock of this corporation shall be S5oo.ooo divided into fifty thousand C5Oooo) shares of the par value of ten doIlzrs (SlOOO) each At such time the Board of Directors may by resolution direct, said capital stock shall be paid into this cor poration either in cash or by sale and transfer to it of real. personal or mixed property for the uses and purposes of said corporation. in pay ment for which shares of capital stock of said corporation may be issued, and the capital stock issued shall thereuPon and thereby become and be fully paid and non-assessable-
 FOURTH: The time of the commencement of this cor poration shall be the date of the filing of these Articles of Incorporation fin the office of the Secretary of Arizona. and the termination thereof shall be twenty-five years thereafter
 FIFTH:
 The affairs of this corporation shall be con- ducfed by board of three directors. to consist | of three stockholders, which directors shall be elected the annual meeting of the stockhold- | be held on the third Monday of January l of each year. Their term of office shall be for | one year until their successors are elected l The following named persons shall constitute | the Board of Directors until their successors are elected: II. P. DeMund. J. N. Dennis and M- salzmAn- The highest amount of inbetedness or Habil- | fty. direct contingent. to which this corpor- | alton is at any time subject shall be two hun | dred thousand Cs2oooo0 dollars.
 SEVENTH: The private property of both the stock holders | and directors of this corporation shall be ex- | empt from corporate debts of any kind whatso- | ever. In witness whereof we have hereunto set our | hands and seals at Rhoades. Arizona, this sth | day of August, AID. 1sO2-
 IT. P. DEMUND, fSeall
 J. M- DENNIS. fSeai1
 NJ. SAIZMAN. lSeal1 |
 A. H. DENNIS. tSeall TERRITORY or ARIIoSA. a. County of Coconino- Before me. P. B. Champagne. a notary public |