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

purpose Of forming corporation under the laws of the Territory of Arizona. and to that end do adopt the following Articles of 1ncor- poration.
 ARTICLE I. The name of the corporators are: Lilo M. | Perriu 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, 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 puI- 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 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 in | 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 i 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- 1 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 gen. eral manufacturing and mercantile business; i 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 ac- 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 it's own capital stock, and to own
 
 | 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 l the rights powers and privileges of a natural person; to act as agent, trustee, broker. or in | any other f1duciary capacity; torborrow 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 Two Million Dollars (s2, ,0oo.- Oe00o) divided into Two Hundred Thousand shares of the par value of Ten Dollars (s1o .OO) 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, services, option to purchase, or any other valu- able 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 such property, services. right or. thing | dCqulTcu III c4cuduSe lOr Odpltdl 0lOck, Sudli be conclusive.
 | ARTICLEI ". | The time of the commencement of the cor poration shall be the day these Articles of h. corporation 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. 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 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
 F. The highest amount of indebtedness of lia- bility, direct or contingent to which the cor poration is at any time subject shall be Six Hundred Thousand dollars (s6oo, ,oOo.oo). which amount does not exceed two-thirds the amount of the capital stock.
 | ARTICLE VII. s-.@
 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 ofits capital stock en- titled to vote at such meeting. may be voted by proxy, in such manner as the Bylaws may pro- | vide.
 | IN WITNESS WHEREOF, we have hereunto set our hands and seals this Sd day of Novem- Der, 1911.
 LILO M. PERRIN, JR. (seaD LILO M. PERRIN, (SeaD | ROBERT PERRIN. (SeaD