Williams news., 1911-12-09
ARTICLES OF INCORPORATION
 -OF THE Arizona Timber, Lime and Ce- ment Company

KNOW ALL MEN BY THESE PRESENTS:
 That we, whose hands are hereunto' affixed,
 do hereby associate ourselves together for the
 purpose of forming corporation under the
 avs of the Territory of Arizona. and to that
 end do adopt the following Articles of Incor-
 poration.
 The name of the corporators are: Lilo M.
 Perrin, Jr.. Lilo NJ. Perrin. and Robert Perrin,
 and the name of the corporation shall be
 ARIZONA TIMBER, LIME AND CEMENT
 COMPANY.
 The principal place in which the business of said corporation, within the Territory of Ari-
 zona, is to be transacted is Williams. Coconino
 County, Arizona. and the corporation may
 have such other offices. either within or with
 out the Territory of Arizona, as may be estab-
 lished by the Board of Directors.
 ARTICLE II.
 The general nature of the business proposed
 to be transacted by the corporation is as fol-
 lows, to-wit:
 To manufacture, buy. sell and otherwise dis
 pose of lime and cement. To acquire by pur.
 chase, lease or otherwise, timber and timber lands and dispose of them. To cut wood for fuel and dispose of the same. To manufacture, sell and deal in lumber. To buy or otherwise acquire. and to sell. mortgage or otherwise dis pose of agricultural and grazing lands and to cultivate the same and for that purpose to pro vide irrigation works and water: to buy, grow. graze and deal in and sell cattle ard sheep and
 other live stock; to grow, deal In and sell wool to make contracts; to purchase, lease bond.
 option, locate or otherwise acquire, own, ex- change. sell or otherwise dispose of the same; pledge, mortgage, hypothecate and deal in mines and mining claims and all kinds ofores. metals and minerals, oils gas and coal mineral lands, coal s.oil lands. timber lands, water and water rights. and all other property both real and personal, and to work, explore oper- ate. mine and develop the same; and to manu-
 facture and deal in the products and by-prod-
 ucts thereof; to purchase. lease or otherwise acquire. erect, own, operate, and dispose of, smelting and ore reduction works, oil refiner- les. saw mills and power plants; to do gen. eral manufacturing and mercantile business; to engage in the banking business; to publish newspapers; to develop water and electric power and transmit the same and use, lease or sell the same; to construct otherwise &C., quire electric and other light plants and to po- crate the same. and supply others with light and power; to make commercial fertilizers by means of electric power and line or otherwise; to transmit and ship the same by means of rail or ship to any and all places in the United States or in foreign lands; to own, handle and control letters patent, inventions and fran | chises; to purchase, own, hold, cancel and re-
 issue shares of its own capital stock, and to own | shares of the capital stock of other corpora tions; to issue bonds, notes, debentures, and other evidences of indebtedness and to secure | the payment of the same by mortgage, deed of | trust or otherwise and to exercise in respect | thereto and to all shares of capital stock and
 other securities and obligations. any and all l the rights, powers and privileges of a natural | person; to act as agent. trustee. broker, or in | any other fiduciary capacity; to borrow an" loan money, and in general to do all things | necessary or convenient to the proper conduct | of the business of the corporation in any part of the world.
 ARTICLE H.
 The authorized amount of capital stock of | the corporation is Two Million Dollars (s2.ooO.. | 000.00) divided into Two Hundred Thousand | shares of the par value of Ten Dollars (s10 co, I each, which shall be paid in at such times and | in such manner as the Board of Directors may I designate, in cash, real personal property, | services, option to purchase, any other valu- | able right or thing, for the uses and purposes of the corporation, and all shares of capital ! stock. when issued in exchange therefor, shall thereupon and thereby be and become full.
 paid. the same as though paid for in cash, al par, and shall be and become forever non-as
 sessable for any purpose whatsoever and the judgment of the Board of Directors as to the value of such property, services. right or thing acquired in exchange for Capital Stock, shall be conclusive
 ARTICLE ". \ The time of the commencement of the cor poration shall be the day these Articles of h. corporation are filed in accordance with law. and the termination thereof shall be twenty five years thereafter, with privilege of renewal for like periods, as provided by law. ARTICLE V.
 The affairs of the corporation shall be con-
 ducted by Board of Three Directors. Va cancies occurring in the Board may be filled | by the remaining members. The Board of Directors shall be elected from among | and by the stockholders on the second Monday of November in each year and until the first annual meeting. and until their successors are l duly elected and have qualified the following named persons shall constitute the Board of | Directors: Lilo Nj. Perrin, Jr,, Lilo M Per | rin, and Robert Perrin.
 The stockholders of the corporation may, by | bylaws, increase the number of Directors to not more than nine (9).
 The stockholders may adopt bylaws for the | government of the corporation not inconsistent with law or with these Articles.
 ARTICLE VI
 The highest amount of indebtedness of lia- | bility, direct or contingent, to which the cor poration is at any time subject shall be Six