Williams news., 1911-11-18

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 or 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 a 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 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 Ten Million Dollars t$l0, ,000, oO0.00), divided into One Million q 100000 shares of the par value of Ten Dollars t$l0.Oo) each which shall be paid in at such times and in such manner 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 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 any such property, services, right or thing acquired in exchange for Capital Stock shall be conclusive.
 ARTICLE ".
 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.
 ARTICLE 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. IT,, and Lilo M. Perrin, Jr.
 The number of Directors may be Increased by the Bylaws not to 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 be Six Million Dollars tss,ooo.0oc oo). 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 obligations of the corporation.
 ARTICLE VIII
 At any meeting of the stockholders of the corporation. any shares of its capital stock en- titled to vote at such meeting may be voted by proxy, in such manner as the Bylaws may provide.
 IN WITNESS WHEREOF. we have hereunto set
 our hands and seals this 11th. day of Mo-
 vember, 1911.
 EDWARD B. PERRIN, sR., tSeatl
 EDWARD B. PERRIN.Ja.. tSeail
 LILO M. PERRIN. JR. tseall