Williams news., 1902-11-29
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 IT. P. De- Mund. J. N. Dennis. NJ. salzman and A. II. Den- his. and the name of the corporation shall be DENNIs-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. in the State of California. such other place as the Board of Directors by reso- lution direct
 The general nature of the business proposed to be transacted by this corporation is fol- lows. to-wit: Topurchase. 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. 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 minerals. 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 execute bonds. mortgages or deeds of 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. turnpikes- telegraph and telephone lines. to conduct . ranch or ranches. plantation or plantations In the Ter rttory Of Arizona: in the Republic of Mexico. or elsewhere. and to do all things incident and necessary to the proper conduct of the business of this corporation in the Territory of Arizona and elsewhere. not inconsistent with the laws of the United States the Ter rity of Arizona
 The authorized amount of capital stock of this corporation shall be ssoo.ooo divided into fifty thousand CsO.oooD shares of the par value of Board of Directors may by resolution direct. said capital stock shall be paid into this cor poration either fin cash or by sale and transfer to it of real. personal mixed property for the uses and purposes of said corporation. fin pay ment for which shares of capital stock of said corporation may be issued. and the capital stock SO issued shall thereuPOn and thereby become and be fully paid and non-assessable-
 FOURTH:
 The time of the commencement of this cor I porAtion shall be the date of the filing of these | Articles of Incorporation in 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- ducted by a board of three directors. to consist of three stockholders. which directors shall be elected at the annual meeting of the stockhold- CTS to be held on the third Monday of January of each year. Their term of office shall be for one year until their successors elected The following named persons shall constitute the Board of Directors until their successors are elected: H. P. DeMund, J. NJ. Dennis and M- salzman-
 The highest amount of inbetedness liabil- ity. direct contingent. to which this corpor- alton Is at any time subject shall be two hum dred thousand Cs2oo.ooo 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-
 H. F. DKMUND. [Seall
 J. M- DENNIS, fSeali
 NJ. SALZMAN. Seali
 A. H. DENNIS, seAli TERRITORY or AEIIoSA. County of Coconfno.