Williams news., 1921-03-25

= at which place or places all ln- t-i corporatorS', stockholders and directors meetings may be held
 and all other corporate business
 may be transacted.
 III
 RAYMOND 1
 The amount of the capital
 stock of this corporation shall
 be One Hundred Thousand Dol lars ($1OO,OOO.OO) divided into One Hundred Thousand (1OO,-
 OOO) shares of the par value of
 One Dollar each, and the said
 capital stock shall be paid at
 the date of issuance or at such time as the Board of Directors may designate, either in money labor or other thing of value, and the Board of Directors or n-naging officers as to the val ue thereof shall be conclusive.
 "
 The general nature of the business in which this corporat- ion shall engage is as follows, to wit: to own and operate saw mills, lumber yards. planin~ mills and all other lumber and timber mills; to manutacture brick, tile and all building ma terials and to buy and sell the same, both whoeSale and retail: to purchase, own, sell adn deal in timber rights and concessions to purchase, hold, sell, improve, rent and lease real estate and to mortgage and cucumber the same and to erect, manage, care for and maintain improvements thereon; to carry on general mercantile business and to pur- chase, sell and deal in such goods, wares and merchadiSe as are or may be sold in a general store; to construct, own lease or otherwise acquire railroads, tramways and all other rnnans of transportation necessary or incident to the proper opera Gion of the business of the corporat- on; to construct, own, purchase lease and operate hotels, and houses and to dispose of the same; to construct, own purchase, lease operate and sell electric light plants and and other kinds of power plants; to own. holhpur- .hase, breed, sell, mortgage md otherwise acquire and dlS- pose of live stock of all kinds md to acquire, own hold sell K md otherwise dispose of live tock ranges and brands; to ac- .uire, purchase, own, develope ell and otherwise acquire and ispOSe of water and water E lghts to purchase, lease, hold ell and otherwise acquire and ispOse of patents and all inven- ions used in connection with L he business of the corporation F , borrow and loan mney and to notes, mortgages bonds r deeds of trust and to secure ne same and to exercise to- 5 ard all such bonds, notes mort s ages and other securities and q any and all rights, I overs and privalidges of indi- c ldual owners and in general to lake contracts and to do and nd all things incident to the p usiness of the corporation and b l any and all things to do as b lily to all intents and purposes D } a natural person might or ,u1d do.
 V al The affairs of this corporat- F n shall be conducted by a b. oard of Directors, by whom a St resident, a Vice President, a tf ,cretarv-Treasurer and such ol her officers as the Board may ce rect shall be elected. The su irectors shall be elected by al Id from among the stock re 'lders, on the First Tuesday ne ter the Fifteenth t15) of tn nuary of eahc year Until G Id qualified, the following on med persons shall be the Di- ctors and officers of the Co.,: lward T. McGonigIe. Presi- he mt and General Manager. SC; Arizona; Robert J. A. -enk, Vice .rresidenC. RIOT. n, Ariozna: Clara McCcn- e, Secretary-Treasurer. Rior n, Arizona. mt The highest amount of 1ia- Sts