Williams news., 1902-11-01
Articles of Incorporation
~Dsnnis DeMund Lumber Company"

Nnu-e names are nereuntO hmNGds dO ncreby 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 eOrpOrators are II. P. De Nund. J. M- Dennis. N. SAlzmAn and A. H. Dem ni-. 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 Rboades. 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 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- veiop 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 lumb ber and do a manufacturing business generally and all things incident thereto. to construct. operate and maintain railways. turnpikes. telegraph and telephone lines. to conduct a ranch or ranches. plantation plantations in the Ter ritory of Arizona: in the Republic of Mexico. 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 SSoOOoO divided into fifty thousand C5O.ooo) shares of the par vaIue of ten dollar CflOOo each At such time as the Board of Directors may by resolution direct. l 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 1 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 in the ofiee of the | Secretary of Arizona. and the termination | thereof shall be twenty-five years thereafter.
 FIFTH: The affairs of this corporation shall be con | uucteu oy n Doaru or three directors. To consist Il of three stoek-holders. which directors shall be | elected at the annual meeting of the stockhold- | CTS Co be held on the third Monday of January | of each year. Their term of office shall be for | one year or until their successors elected. l The following named persons shall constitute | the BoArd of Directors until their successors are elected: II. F. DeMund. J. N. Dennis and N- salzmAn-
 The highest amount of inbetedncss or liabil- ity. direct or contingent. to which this corpor- alton is At any time subject shall be two hum dred thousand CseoO.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 wftness whereof we have hereunto set our hands and seals. at Rhoades. Arizona this sth day of August. A. D. lssE2-
 IT. P. DEMUND. TSeaI1 1
 J. N. DENNIS. fSeali
 NJ. SALZMAN. iSeall
 A. II. DENNIS. lSeali TERRITORY OF ARIZONA.
 County of Coconino-
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