Williams news., 1909-02-06

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 or bonds in other cor pJrations 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 a 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 ($2, ,OOO, ,0OO), divided into Twenty Thou sand (2o.OOO) shares of par value of One Hun dred ($1O0) 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 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 transa ction, 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 O1 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. purrell. E. P. Dargin. Alfred R. White. Weber and s. S. Kingery.
 E1ghth-,The first annual meeting of the in February, 1909, at Cincinnati, Ohio. and on such dates and at such places as may be decided on by the Board of Directors for each succeed ing year thereafter
 or liability, direct or contingent, to which this corporation is at any time subject, shall not be
 
 Tenth-The private property of the stock holders of this corporation shall be exempt from corporate debts of any kind whatsoever. Eleyenth,Among the powers of this corpora ton shall be: ta) To have perpetual success sion. (b) To sue and be sued by the corporate name (cl To have common seal and alter same at pleasure. (d) To render shares or in- terests of stockholders transferable and pre- scribe the mode of making such transfers. te) To exempt the private property of ofmembers from liability for corporate debts. (D To make Nn ntYQn orrd troy1 ofap Hty sessing the same powers in such respects as private individuals now enjoy. (g) To mortgage all or any psrt of its property and other evidences of indebtedness. (h) To estab- fish bylaws and make rules and regulations affairs of the corporation not inconsistent with the constitution of the United States and the Territory of Arizona; til To authorize voting increase the capital stock at any time by a majority vote of the common stock issued. (k) To issue cumulative preferred stock by said preferred stock shall have no voice in the management of the company. Q) To decrease the capital stock of said company by vote of no less than three-fourfhs of the common stock issued. (m) To amend the eleventh clause of this charter only upon a three-fourths vote of the common stock issued.
 In witness whereof we have hereunto set our hands and seals this 18th day of Decemb Der, 1908
 H. P. DURRELL, [Seall
 EP EiRpHn RARSTN z Wu,rr isss1I issslII
 ALT hED h. W dllE lSehll couSaH st.te ef of Hami}ton 6hiHi s,.
 On this 2sth day of December 19OS before me, a notary public in and for the state aforesaid. residing therein, duly commissioned and sworn. personally appeared H. P. Durrell, E. P. Dargin and Alfred R. White, known to me to be the persons described in and whose names are subscribed to the foregoing instrument,and they acknowledged to me that they executed the same for the purpose and consideration therein expressed.
 In witness wherof, have hereunto set my hand and affixed my official seal at my office in the said state and county, the day and year last above written.
 IN. P. seaij WILLIS G. DURRELL,
 Notary Public. Hamilton County, Ohio. My commission expires September 2S, 1909. rerS5eSny cou1,S St os areSS@ai coeonino. s'. I. Jesse L. Bovce, County Recorder in and for the County of Coconino. Territory of Arizona, do hereby certify that the within instrument was filed for record at 10:15 o'clock A. NJ. on the twenty-first day of January, A. D. 1909 and duly recorded in Book 2, Articles of Incorporation, Records of Coconino County, Arizona, at page S2, ct seq.
 In witness whereof, have hereunto set my hand and affixed my seal, the day and year first above written.
 Recorders Seall JESSE L. BOYCE,
 County Recorder. First publication Jan. 80. 1909.