Williams news., 1909-02-13

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 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 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 ton 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 (s2OOO,OOo), divided into Twenty Thou sand (20000) shares of a par value of One Hun dred (slOO) 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 fol 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 tssessable, and in the absence of fraud in tho transa .tion, the judgment of the Board Directors as to the value of the property pur
 hased 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 ot ihese Articles of Incorporation in the office O rtory of Arizona. and the termination thereo 'hall be twenty-five years thereafter. Seventh-The affairs of this corporation shall oe conducted by Board of seven Directors xno shall be elected annually by the stock lolderS and the following named shall consti- ute the Board of Directors until their success DTS are elected:
 H: P. Durrell, E. P. Dargn, Alfred R. White, Philip McDonough, w. c. Hattersley, c. c. Weber md S. S. Klngery
 Eighth-The first annual meeting of the stockholders shall be held the third Monday in February, 1909, at Cincinnati, 0hio and on such dates and at such places S 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.
 b1,aat6 IenthoThs private property of the stock | from corporate debts of any kind whatsoever. l Eleventh-Among the powers of this corpora ton shall be: ta) To have perpetual success name. (cl To have common seal and altel | same at pleasure. td) To render shares or in scribe the mode of making such transfers .e) To exempt the private property of memb bers from liability for corporate debts. (D To make contracts, acquire and transfer property pos l sessing the same powers in such respects IS private individuals now enjoy. (g) TC mortgage all or any part of its property aoc | other evidences of indebtedness. (h) To estar | fish bylaws and make rules and regulation, deemed expedient for the management oi tn | affairs of the corporation not inconsistent witt the constitution of the Unitei States and tn be bberp5ory of ATzoms m ro authGr,ze yi1 | increase the capital stock at any time h! majority vote of the common stock issu,"t (k) To issue cumulative preferred stock by . majority vote of the common stock issued auo | said preferred stock shall have no voice in tn, management of the company U To decreas' ! no less than three-fourths of the common stock ,hia ,ssued; a. Sm! I1 amend the eleventh clause {" | the common stock issued.
 , In witness whereof we have hereunto set oul hands and seals this 18th day of December, 1908 H. P. DURRELL, [Seall | EP. DARGIN, fSeall
 ALFRED R. WHITE. tsealj
 couBsy ssste of Pf Hamilton 1hiEi Iss.
 On this 2sth day of December, 1908, before me | notary public in and for the state aforesaid residing therein, duly commissioned and sworn. personally appeared H. P. Durrell, E. Dargin and Alfred R. White, known to me tc be the persons described in and whose name. are subscribed to the foregoing instrument, ,an6 | 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 ofic, in the said state and county, the day and veal last above written.
 1 IN P. Seal1 WILLIS q. DURRELL,
 Notary Public. Hamilton County, Ohio
 My commission expires September 2S, 1909. Territory of Arizona, lss
 I, Jesse L. Boyce, County Recorder in and fo the County of Coconino. Territory of Arizona do hereby certify that the within instrumen was filed for record at 10:15 o'clock A. NJ. on tht ! twenty-first day of January. A. D. 1909 and duly recorded in Book 2, Articles of Incorporation Records of Coconino County, Arizona, at pag, S2 ct seq.
 In witness whereof, have hereunto set m! hand and affixed my seal, the day anC year first above written.
 Recorders Seal1 JESSE L. BOYCE, County Recorder
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