Williams news., 1911-12-02
ARTICLES OF INCORPORATION
-OF THE Arizona Timber, Lime and Ce-
 ment Company

A1Cub SOA1kScAAy
 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 to that
 end do adopt the following Articles of Incor- poration.
 The name of the corporators are: Lilo M. Perrin IT,. Lilo M. 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 l 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 ~1. metals and minerals, oils gas and coal. mineral lands. coal lands 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 refner- | les, saw mills and power plants; to do a 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 or otherwise | quire electric and other light plants and to po-
 crate the same and supply others with light
 and power; to make commercial fertilizers bv
 means nf electric power and line or otherwise; | to transmit and ship the same by means of rail
 ar ship to any and all places in the United States or in foreign lands: to own, handle and control letters patent, inventions and fran chses; 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
 Ofb fbarS -1 otIf H4<x-,,
 the rights, powers and privileges of natural
 person; to act as agent, trustee, broker or in
 any other fiduciary capacity; to borrow ana | 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 III.
 | The authorized amount of capital stock of | the corporation is Two Million Dollars (s2Ooo,- l oOo.00) divided into Two Hundred Thousand | shares of the par value of Ten Dollars (s1O OO)
 each, which shall be paid in at such times and
 in such manner as the Board of Directors may
 designate, in cash, real or personal property, 1 services, option to purchase, or any other valu- able right or thing, for the 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, at 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 l value of such property, services. right or thing acquired in exchange for Capital Stock, shall ! be conclusive.
 ARTICLEIv.
 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 of Directors shall be elected from among
 and by the stockholders on the second Monday of November in each year and until the first
 duly elected and have qualified the following
 named persons shall constitute the Board of Directors: Lilo M. Perrin, Jr., Lilo M. Per rin. and Robert Perrin.
 The stockholders of the corporation may, by 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 +;,