Williams news., 1909-02-20
} ARTICLES OF INCORPORATION
The Pacific Italian Marble
 Company

KNOW ALL MEN BY THESE PRESENTS:
 That we, whose hands are hereunto affixed, do hereby associate ourselves together for the purpose of forming a corporation under the laws of the Territory of Arizona, and. for that purpose, do adopt the following charter
 First-The name of the corporation shall be THE PACIFIC ITALIAN MARBLE COMPANY. Second-The names of the incorporators are H. P. Durrell, E. P. Dargin and Alfred R. White. Third-The place in which the business of the corporation within the Territory of Ari- zona is to be transacted is Flagstaff, Coconino County, Arizona, and the principal places of business outside of the Territory of Arizona are Cincinnati State of Ohio; and Los Angeles State of California, and in such other places and in such states as the board of directors may establish, at which place places all incor. porators, stockholders and directors meetings lklnay be held and all corporate business trans cted; and the corporation may have such branch offices in the Territory of Arizona and in such other states and territories and in Amer. ican possessions and foreign countries. as may be established by the Board of Directors.
 Fourth-The objects for which the corpora tior is formed are:
 To explore, develop and work marble, onyx, mica and other deposits of stone or ores.
 
 op any lands containing marble onyx, mica oil. coal, iron, copper, or other ores and any wood or agricultural lands for the of the company.
 To quarry, mine, otherwise to extract or remove, stone. coal, oil, iron, copper or other ores and timber from any lands owned, ac quired, leased or occupied by the company. or from any other lands.
 To buy, sell, or otherwise to deal in or traffic in marble, onyx. mica and stone, coal, wood agricultural products or ores and other ma terials and in any of the products thereof
 To build, purchase, or otherwise acquire and operate, mills or finishing plants for saving shaping and polishing marble, onyx, or other stone
 N In general, to purchase, lease, bond. locate or otherwise acquire, own, exchange, sell or otherwise dispose of, pledge, mortgage, hypoth ecate and deal in real estate. and in any and all kinds of personal property, mines, mining claims, oil lands, mineral lands, oil, gas, coal and coal lands. asphaltum, petroleum, marble onyx, stone and qusrries of any and all kinds water and water rights; to establish electric power plants and transmission lines telephone lines, wharves, breakwaters, docks and dock privileges, and for the use of the company tC build and operate railroads, tramways, wagon roads and rights-of-way from the points of work to nearest common shipping points; to build machinery, to own and operate steamships sailing vessels, tugs, lighters and boats of all classes.
 To do general real estate, manufacturing and mercantile business; to own, handle and control letters patent and inventions, and shares of capital stock bonds in other cor porations, to borrow money and execute notes bonds, mortgages or deeds of trust to secure same, and to exercise in respect of all such bonds, mortgages, notes. shares of capital stock and other securities and obligations and all rights, powers and privileges of individual owners thereof, including the right to vote upon any shares of stock held by it to the same extent that natural person might or could do: and in general to do all things necessary to the proper conduct of the business of this corpora tion in the Territory of Arizona and elsewhere not inconsistent with the laws of tie United States and the Territory of Arizona,
 Fifth-The authorized amount of capital stock of this corporation shall be Tw4Dlillion Dollars (S2 0Oo, ,OOO), divided into Twenty Thou. sand (20,OO0) shares of a par value of One Hun dred (s1OO) Dollars each.
 The Board of Directors may cause such capi tai stock or any part thereof to be subscribed or paid for in cash, in the purchase or exchange or transfer of real or personal property,4f fol services rendered. and issue, or cause Ito be issued, any part or all of the capital stock as required at any time or from time to time, and when so issued it shall be fully paid and non assessable, and in the absence of fraud in the transaction, the judgment of the Board o Directors to the value of the property pur chased transferred exchanged, or serv ices rendered shall be conclusive
 Sixth-The time of the commencement of thi:
 
 these Articles of Incorporation in the office O the County Recorder of Coconino County Ter ritory of Arizona, and the termination thereo shall be twenty-five years thereafter.
 Seventh-The affairs of this corporation shal be conducted by a Board of seven Director who shall be elected annually by the stock holders and the following named shall consti tute the Board of Directors until their success are elected:
 H. P. Durrell, E. P. Dargin, Alfred R. White Philip McDonough, W. c. Hattersley, c. c Weber and S. s. Kingery.
 Eighth-The first annual meeting of tn, stockholders shall be held the third Monda, in February, 1909, at Cincinnati, Ohio, and ol such dates and at such places as may be decided on by the Board of Directors for each succeed ing year thereafter
 Ninth-The highest amount of indebtedness or liability, direct or contingent, to which thi corporation is at any time subject shall not b to exceed two-thirds of its capital stock.
 Tenth-The private property of the stock holders of this corporation shall be exemp from corporate debts of any kind whatsoever.
 Eleventh-Among the powers of this corpors tion shall be- ta) To have perpetual success sion. (b) To sue and be sued by the corporat name. (cl To have common seal and alte same at pleasure. (d) To render shares or in terests of stocF holders transferable and pre- scribe the mode of making such transfers (e) To exempt the private property of member from liability for corporate debts. (D To mak contracts, acquire and transfer property DO: sessing the same powers in such respect private individuals now enjoy. (gj T mortgage all or any part of its property an create mortgages. bonds, debenture bonds, an other evidences of indebtedness (h) To estat fish bylaws and make rules and regulation deemed expedient for the management of tn affairs of the corporation not inconsistent wit the constitution of the United States and tn Territory of Arizona. (D To authorize votin by proxy at all stockholders meetings. CD T increase the capital stock at any time by majority vote of the common stock issued (k) To issue cumulative preferred stock by majority vote of the common stock issued an said preferred stock shall have no voice in tn management of the company. Q) To decreas the capital stock of said company by vote (
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