Williams news., 1909-03-06
ARTICLES OF INCORPORATION
The Pacific Italian Marble
 Company


 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 or places all incor- porators, stockholders and directors meetings may be held and all corporate business trans acted and the corporation may have such branch offices in the Territory of Arizona and ill 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.
 To acquire own, lease, occupy, use or devel- op any lands containing marble, onyx, mica, oil coal, iron, copper, or other ores, and any wood or agricultural lands for the use of the company.
 To quarry, mine, or OIneTWlse iO eAtIdCt UT remove stone, coal, oil, iron, copper or other ores and timber from any lands owned, ac- auired, 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 ores and other ma terials and in any of the products thereof.
 To build, purchase, or otherwise acquire and operate, mills finishing plants for saving, shaping and polishing marble, onyx, or other stone.
 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 quarries 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 to 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 a general real estate, manufacturing and mercantile business; to own, handle and control letters patent and inventions and shares of capital stock or bonds in other cor porations, to borrow money and execute notes, bonds mortgages 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 the United States and the Territory of Arizona,
 Fifth The authorized amount of capital stock of this corporation shall be Two Million Dollars (s2 2OOO,OOO), divided into Twenty Thou sand (2O OOO) shares of 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, or for services rendered. and issue, or cause to be issued, any part or all of the capital stock 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 of Directors as to the value of the property pur- chased or transferred, or exchanged, or serv- ices rendered shall be conclusive.
 Sixth-The time of the commencement of this corporation shall be the date of the filing of these Articles of Incorporation in the office of the County Recorder of Coconino County Ter ritory of Arizona, and the termination thereof shall be twenty-five years thereafter.
 Seventh-The affairs of this corporation shall be conducted by Board of seven Directors who shall be elected annually by the stock holders and the following named shall consti- ute the Board of Directors until their success Ors 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 the stockholders shall be held the third Monday in February, 1909, at Cincinnati Ohio, and on such dates and at such places 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 this corporation is at any time subject, shall not be to exceed two-thirds of it's capital stock
 TenthIThe private property of the stock from corporate debts of any kind whatsoever.
 Eleyenth-Among the powers of this corpora tion shall be: (a) To have perpetual success sion. (b) To sue and be sued by the corporate same at pleasure. td) To render shares or in- terests of stockholders transferable and pre- scribe the mode of making such transfers (e) To exempt the private property of members from liability for corporate debts. CD To make contracts, acquire and transfer property pos sessing the same powers in such respects private individuals now enjoy. (g) To mortgage all or any part of it's property and create mortgages, bonds, debenture bonds, and other evidences Ofindebtedness (h) To estab- fish bylaws and make rules and regulations deemed expedient for the management of the affairs of the corporation not inconsistent with the constitution of the United States and the Territory of Arizona ti) To authorize voting by proxy at all stock holders meetings. (j) To increase the capital stock at any time by majority vote of the common stock issued. (x) To issue cumulative preferred stock by majority vote of the common stock issued and said preferred stock shall have no voice in the management of the company. CD To decrease the capital stock of said company by vote of no less than three-fourths of the common stock issued. (m) To amend the eleventh clause of this charter only upon three-fourths vote of the common stock issued.
 In witness whereof we have hereunto set our