Williams news., 1911-12-02
ARTICLES OF INCORPORATION
 -oF THE Perrin Development Company.

KNOW ALL MEN BY THESE PRESENTS:
 That We, whose hands are hereuntO affix d, do hereby associate ourselves togeIhe for the purpose of forming corporation under the laws of the Territory oi Arizona, and to that end do adopt the following Articles of Incorporation
 ARTICLE I.
 The names of the corporators are: Edward B. Perrin, ST.. Edwin B Perrin, Jr., Lllo M. Perrin. Jr., and the name ot the corporation shall be
 PERRIN DEVELOPMENT 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. Arizopa, 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 buy and otherwise acquire. and to sell, pledge, mortgage, hypothecate or otherwise dis pose of real estate, timber and timber lands of I all kinds. To buy. build or otherwise acquire, sell and lease houses of all kinds. To lay out town-sites and to improve the same, and to sell l or otherwise dispose of town lots therein. To construct or otherwise acquire buildings for
 
 hotel and boarding house business. To con- struct roads, streets, alleys and bridges; to con- strucr or otherwise acquire street railroads with steam. electric, horse other motive power and to operate the same; to establish, own, maintain, operate and conduct schools, colleges, hospitals, libraries, places of enter tainment and advertisement. museums, educa- tional eleemosynary and charitable institu- tions and generally all public utilities. To en. gage 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 acquire electric and other light plants and to operste the same and supply others with light and power; to erect or otherwise acquire heating and re- frigerating plants and sell or otherwise dispose of the use thereof; to erect, construct or other- | wise acquire reservoirs for the impounding of | water for irrigation, domestic and power pur poses and canals, ditches, fumes, gates and | other appliances and works for the conveyance of water for any of said purposes; to supply water for irrigation power, domestic and stock purposes; to develop subterranean sources of | water supply and to construct and otherwise | acquire install and operate the necessary | works to make the water therefrom available l for irrigation, power, domestic and stock pur- poses; to buy, breed, grow and otherwise &C., l QulTe anu IO SelI anu oInerWlSe Oeal m ana with cattle, sheep, horses, mules and other do- mestic live stock; to grow, buy, sell, and other 1 wise deal in wool; to cut timber and sell the same; to manufacture and deal in lumber and fuel of all kinds; to purchase. lease, bond, op- tion or otherwise acquire, own. exchange, sell or otherwise dispose of; pledge, mortgage, hy- pothecate and deal in mines and mining claims and all kinds of ores, 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, l and to work, explore. operate, mine and de- | velop the same; and to deal in the products and by-products thereof; to purchase lease or | otherwise acquire, erect own, operate and dis pose of. smelling and ore reduction works. oil refineries, to do general manufacturing and mercantile business: to own handle and con- | trol letters patent, inventions and franchises; to> purchase own, hold, cancel and reissue 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 otherwise and to exercise in respect thereto and to all shares of capital stock and other securities and obligations, any and all the rights, powers and privileges of 8 natural person; to act as agent, trustee, broker, or in any other fduciary capacity; to borrow and loan money, and in general to do all things necessary 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 Ten Million Dollars (s1O,o00,- noO.0o), divided into One. Million O,Ooo,ooo) shares of the par value of Ten Dollars (sl0.00) 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. services, option to purchase, or any other val- uable 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, at par, and shallb and become forever non-as- sessable tor any purpose whatsoever, and the judgment of the Board of Directors to the value of any such property, services, right or thing acquired In exchange for Capital Stock shall be conclusive.
 ARTICLE w.
 The time of the commencement of tbe corpor- ation shall be the day these Articles of Incor- poration 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.
 | AhI1CLE V.
 The affairs of the corporation shall be con- ducted by Board of three Directors. The Board of Directors shall be elected from among and by the stockholders on the first Monday of Decem Der in each year and until the first annual meeting. and until their successors are duly elected and have qualified, the following named persons shall constitute the Board of Directors: Edward B. Perrin, ST., Edward B. Perrin. Jr., and Lilo M Perrin, Jr.
 The number of Directors may be increased by the Bylaws not 10 exceed nine (9).
 The stockholders shall adopt Bylaws for the government of the corporation.
 ARTICLE VI.
 The highest amount of indebtedness or liability direct or contingent, to which the corporation is at at any time subject, shall l be Six Million Dollars ($6000,00c 00), which amount does not exceed two thirds the amount of the capital stock.
 ARTICLE VII.
 All private property owned by stockholders shall be forever. exempt from the debts and