Williams news., 1911-11-25
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 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 Incorporation ARTICLE I.
 The names of the corporators are: Edward B. Perrin, ST., Edwin Perrin, Jr., Lilo NJ. Perrin. Jr., and the name of 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. Arizona. and the corporation may have such other offices, either within or with. out the Territory nf 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 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 or otherwise dispose of town lots therein. To construct or otherwise acquire buildings for hotels. boarding houses, and to conduct the hotel and boarding house business. To con- truct roads, streets. alleys and bridges; to con- struct or otherwise acquire street railroads with steam, electric, horse or other motive nower and to operate the same; to establish, pwn, maintain, operate and conduct schools '.olleges, hospitals, libraries, places of enter tainment and Advertisement. museums, educa- rional, eleemosynary and charitable institu- ions and generally all public utilities. To en- rage 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 for irrigation, power, domestic and stock pur noses; to buy, breed, grow and otherwise &C., 1uire and to sell and otherwise deal in and with cattle, sheep, horses, mules and other do- mestic live stock; to grow, buy, sell, and other 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- ofao oudd daa in md nj a1a inns 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. 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 ref1neries, 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 it's 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 OtQer securities ana ODllBdtlOus, any huo eii the rights. powers and privileges of 6 natural person; to act as agent, trustee. broker, or In any other hduciary 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 H.
 The authorized amount of capital stock of the corporation is Ten Million Dollars Cslo 00o,- 100000, divided into One Million q 900 ,00o) shares of the par value of Ten Dollars (sl000) each. which shall be paid in at such times and in such manner as the Board of Directors may 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 on-as- sessable tor 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 1ncor- 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