Williams news., 1911-12-23
ARTICLES OF INCORPORATION
Arizona Timber, Lime and Ce-
 ment Company

AuSul OOtIlPo1ly
 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.
 The name of the corporators are: Lilo N. Perrin, Jr.. 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 pnr- 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 | mines and mining claims and all kinds of ores metals and minerals. oils, gas and coal, mineral | lands coal lands.oi lands. timber lands, water | and water rights. and all other property both l 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 | smelling and ore reduction works, oil refner les. saw mills and power plants; to do 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 ol sell the same; to construct or otherwise ac quire electric and other light plants and to DO | 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 raj | 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 owr l shares of the capital stock of other corpora ! tions to issue bonds notes, debentures, and I other evidences of indebtedness and to secure ! the payment of the same by mortgage, deed O 1 trust or otherwise and to exercise in respec 1 thereto and to all shares of capital stock and other securities and obligations, any and al
 the rights, powers and privileges of nalura person; to act as agent, trustee. broker, or 1T any other fiduciary capacity; to borrow ant loan money. and in general to do all thing
 necessary or convenient to the proper conduc
 of the business of the corporation in any par
 of the world.
 ARTICLE III.
 The authorized amount of capital stock o
 the corporation is Two Million Dollars (s2 900. oO0.OO) divided into Two Hundred Thousand
 shares of the par value of Ten Dollars (s1O % \ each, which shall be paid in at such times ant \ in such manner as the Board of Directors ma, designate. in cash. real or personal property 2 services, option to purchase, or any other valu able right or thing for the uses and purpose e of the corporation, and all shares of capita ' stock. when issued in exchange therefor, shal thereupon and thereby be and become full paid, the same as though paid for in cash, a par, and shall be and become forever non .as sessable for any purpose whatsoever. and tn Judgment of the Board of Directors as to tn
 value of such property, services. right or thin ! acquired in exchange for Capital Stock, shal be conclusive.
 ARTIcLEI ".
 \ The time of the commencement of the COT
 poration shall be the day these Articles of IT
 corporation are filed in accordance with law 5 and the termination thereof shall be twenty Hive years thereafter, with privilege of renews
 for like periods. as provided by law. ARTICLE v
 \ The affairs of the corporation shall be cor ducted by Board of Three Directors. ys X cancies occurring in the Board may be file by the remaining members. The Boar of Directors shall be elected from anon
 and by the stockholders on the second Monda
 of November in each year and until the frs
 annual meeting. and until their successors ar
 duly elected and have qualified the followin \ named persons shall constitute the Board c Directors: Lilo NJ. Perrin, Jr, Lilo Nj. Pei i, rim, and Robert Perrin.
 \ The stockholders of the corporation may, b 1 bylaws increase the number of Directors t |, not more than nine (9).
 \ The stockholders may adopt bylaws for tn government of the corporation not inconsisten Ewith law or with these Articles.
 ARTICLE VI.
 ,h The highest amount of indebtedness of lif