Williams news., 1911-11-18
OF INCORPORATION
-OF THE Arizona Timber, Lime and Ce- ment Company

AACh$ SoAhAy
 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 laws of the Territory of Arizona, and to that end do adopt the following Articles of Incor- poration.
 ARTICLE I.
 The name of the corporators are: Lilo M
 Perrin. Jr.. Lilo M. Perrin. and Robert Perrin,
 and the name of the corporation shall be ARIZONA TIMBER. LIME AND CEMENT COMPANY. 2: The principal place in which the business of said corporation, within the Territory of Ari- zona is to be transacted fs 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,
 selland 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 ip mines and mining claims and all kinds of ores. metals and minerals, oils gas and coal mineral lands. .ooal 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 &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 1 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 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.
 The authorized amount of capital stock of the corporation is Two Million Dollars (s2.0oO- 00000) divided into Two Hundred Thousand 1 shares of the par value of Ten Dollars (s10 0o) | each, which shall be paid in at such times and in such manner as the Board of Directors may | designate. in cash, real personal property, l services, option to purchase, or any other valu-
 able right or thing, for the uses and purposes l of the corporation, and all shares of capital l 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- l 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 In- olal low,
 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 I 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 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 ofs iia-
 bility. direct or contingent, to which the cor
 poration is at any time subject, shall be Six
 Hundred Thousand dollars l$6O0. .0OO.0o). which
 amount does not exceed two-thirds the
 amount of the capital stock.
 ARTICLE VII.
 The private property of the stockholders of the corporation shall be forever exempt from
 its debts and obligations.
 ARTICLE VIII
 At any meeting of the stockholders of the
 corporation, any shares of its capital stock en- Etitled to vote at such meeting. may be voted by
 proxy, in such manner as the Bylaws may pro- | vide.