Williams news., 1907-10-26

for the purpose of forming Corporation, and to h come Il"orporuted under the laws of the Territory of Arizona; and to that end, and for that purp' se We do adopt Articles of lncor- perdtiUn," us follows, to-Vit:
 ARTICLE l.
 The names of the Corporators of this Cor pora ion are David Babbitt, Charles j Rabbit, q orge Babbitt, K. 5. Teeple, and Joseph $. Amundsen.
 ARTICLE IL
 The name of this Corporation is. and it shall be, "Babbtt Brothers Company of Williams"
 ARTICLE III.
 The Principal Ofice and Place of Business of th Corporation is and il shall be, the Town "f llidlns, in COcOnlno County. Territory of Business in the said Territorv If Arln"na, or in any other territory, or any other State. ii s' hereafter at any time determined by It's Buart. 1f Directors.
 ARTICLE ".
 All Incorporators Stockh ders', and Direct ,rs' 'tings shall be held at Williams. Arizona; except otherwise hereaiter ordered oy the Board CI Directors.
 ARTICLEV V.
 The affairs of this Corporation shall b' .nalag.u by Board Of mi jess than f"ui JirectCrs. who shall be elected annii,iIy, ul. tne First Tuesday following the Fifteenth day JI January, cf each and cv,Iy year, lii, ,y-.aws may provide; anu un,iI otherwise 'ruerei by the Stockholders. at regular meeting thereof, such B"ard "I Directors shall consist u1 tour, and the following naIneu JersOns, lncorporatoTs, shall constitute tht Sourd Of Directors of this Corporation, tU hole Jttl,e until their successors elected and qualified, VIZ:
 David Bnbbitt, of Flagstaff Arizona; (. J. Rabbit. of Flagstaff, Arizona;
 :. Terpl~, OI WiilItns, ArIZOna;
 GeoIge BaDDitt Oi Flagstaff, Arlzvna-
 ARTICLE VI
 Tba of, oF .orporatlon shall be Seventy five thousand $1J,UUu.UU) Dollars; divided into seven hundred ,Ity, C'5O) equal shares ot tine par value of One Iunured, (SlUUUO) Dollars each; anu the said ,apital Stock shall be fully paid up the date ot ,s issuance and It sLall be, and it is hereby made forever non-assessible, for any and every purpose; and it may be paid for ill money, JrOperty, labor, or any other right thing o1 :alue whatever; and the judgment and decision I the Board of Directors this corporation. -o the value of such property, labor or other ming of value paid for such Capital Stock, shall be final and conclusive.
 ARTICLE VII. The general nature ot the business proposed to be transacted by tins Corporation is, and il shall be as follows, to-wIt:
 d. To own, carry on, maintain, manage and conduct General W wholesale and Retail merchandise business, or businesses, at Will ialns, Arizona; and at such other or different pIaceS II may desire; and to manufacture, ouy, acquire, own, hold, sell, give, trade, assign, divert, transfer or otherwIse acquire or dispose OI every and all classes and kinds ot materials goods, wares, merchandise, bonds, notes, mortgages, securities and all other classes, klnos, and character of property. both 1 real, personal and mixed, in any manner 1t may deem fit or necessary. in any way incident to the carrying on and conducting such merchandise business. b. To bny, sell, own, hold, lease, mortgage, nypothecate, give, grant, slaughter, and other wise deal in Live stock, and animals of any dnd every descriptions; and in the brands, irons and marks for any such Live Stock; and Co carry on and conduct Il General Butcher l ttl nI AAI I'll all kinds of meats, hides, pelts, and other properties necessary for or in any way incident 70 Live Stock ana a Butcher kusiness. c. To manufacture, buy, sell, and otherwise 1eul in Coal, Ice, hay, grain, vegetables, wood, lumber, iron, steel, and all other kinds oI minerals and all and every other kind oi JurChasable or Sulable properties, and ill electric Light and Power works and equi pments d. To owp, hold buy. sell. lease mortgage, acquire dispose oi and operate Mines Farms, Mater-works, Water-rishts, Factories Livery l sta bles, Feed-stables, Mills, Hotels, Lodging houses, Boarding houses. Brick-yards, Quarles, and any and all similar businesses, and to 1 construct and operate Railways, Jramways tnd iurhplkes such as may lead rom us | nav gable stream, or to some existing Railway, l turnpike or publlc highway.
 e. To make any and all kinds of contracts | acquire tnd trailsier properties, and to secure | take, purchase, OWL, buy, acquire, hold, selI tease, mortgage, UT otherwise use, deal m, | lease, ana dlsplse uf real estate, buildings, 1 store-houses, warehouses any interest therein; and to take, own, hold, acquire sell, barter, negotiate, d nu dispose of any and all kinds of notes, mortgages. bonds, both public, 1 private, municipal, or Corporate; ana Cor | pOrate shares of Capital Stock and any and all 1 jther securities, ubhgatious. contracts. and | .videnre ot indebtedness; and generally to | zxelcIse iii every respect to the same, and each l and ali Cf he above mentioned properties and l affairs, every, any, and all rights, powers, | privileges and dealings of individual natural persons.
 ARTICLE VIII.
 To issue, CT cause to be issued, by its Board Jf Directors, at any time, preferred. guaranteed | Jr inttrest-bvaring StUc[ of this Corporation. 'n S1ch ahiounts, and upon such terms and | conditions to them, tie said Board of | Directors, may seem proper.
 ARTICLE TX ] The time of the commencement of this Corporation shalt be the date the fling of | these Articles of Incorporation for record in 1.-the Office of the County Recorder, and a l certified copy thereof in the Office Ot the Territorial Auditor; and this Corp 1ration is after, but il may be renewed from tune to time for period of Twenty-Five years longer each tlme perpetually.
 ARTICLE X.
 The highest amount of indebtedness and liability direct or contingent to which this Corporation is at any time to be subject, shall -ot exceed Twenty five Thousand Dollars.
 ARTICLE K
 The Private property of the members and l Stockholders of thIs Corporation shall be, and l liability iur its corporate debts of every kind and nature Whatever.
 ARTICLE XII.
 The directors of this Corporation may appoint d General Manager of this Corporation, who shall have all tne powers which said Board oi Directors may confer upon him, and whose term Of office shall continue at their pleasure, ana V hose salary HIS such shall be fixed by said Board of Directors.
 In witness whereof, we the said Incorporators have hereuhto set our hanus and seals, this tue 18th day of September, A. D. 1907.
 DAVID BABBITT, (Seal)
 C. J. BABBITT, (Seal)
 GEo BABBITT, (Seal)
 k. S. 1EEPLE, tSeal)
 JOSEPH $. AMUNDsEN. (Seal.) TERRITORY OF ARIZONA,
 Cot NTY CoLONINO.