Williams news., 1907-11-02

for the purpose of forming Corporation, and to h-'come Incorporated under the iaws of the Te,rIt"ry Of Arlzona; and to that end and for thrt purpose Me do adopt "AItlcles of lncOr- poratiUu, as follows, to-wit
 ARTICLE The names of the Corporations of this Cor pora ion are, DuvId RabUltt Charles j. Babbitt t'' orge Baboitt, K. :. Teeple, and Joseph :. AmuLdsen.
 ARTICLE IL
 The name of this Corporation is, and il shall be, "Ba bbitt Brothers Company Uf Williams" ARTICLE H. The Principal Office nd Place of Business of thus Corporation is and II shal be, the Town of Williams, ill CocOnlno County, Territory of Arizona; and it may have other places oi Business in the said Territory of Arz"na ol ill any other territory, or any other SJate- Ii >' hereafter at any time determined by its BoarU ot Directors.
 ARTICLE ".
 All Incorporators', Stockho dcrs'. and Direct DTS atiigs shall be h i'i at NiiliAIns Fl Arizona; except otherwise hereafter ordered Oy tine Board Uf Directors.
 ARTICLE ". The affairs of this Lu. ,s.ration shall b, managed by Board of less tia,ii f"uI Directors, Whu shall be elected anuuHiiy, Ul the First Tuesday following the Fifteenth da! oI January, of each ana every ytaI, as tn riy-idWs may provide; anu unuI othelwist 'rdered by the StOckhOluers, at d 'eeula' meeting thereon, Su'D Beard tl 'llCct'rs SIdlI consist Ot four, and tine following naneC persons Incorporators, shali constitute tn 6oard oi Directors of this Corporation, ,o hold oil,e until thelr successors are elected anG qualified, viz:
 David Babbitt, of Flagstaff ArizOna C. J. Rabbit. of Flagstaff, Arizona; k. $. Teeple, of WillIams Arlzona; GeoIge Rabbit, Uf Flagstaff, ArizUna. ARTICLE VI. The amount of the Capital Stock of this Corporation shall be Seventy five thOusan0 Nj,UJOUU) Dollars; divided into seven hundred hty, (75O) equal shares Ul the par Value ot On, ,uIdren, tSiUOOU) Dollars each; anu the saio l apItal Stock shall be fully paid up the date ol | is issuance, and It sl.all be, and 1t is hereby made forever non-assessiblc, for any and every | 'urpose; and 1t may be paid for i'll money JrOperty. labor, or any other right or thing O. value whatever; and the judgment md decision h the Board of Directors oI this corporations as l to the value of such property, labor, or othel thing of value paid for such Capital Stock, i shall be final and conclusive.
 ARTICLE VII The general nature of the business proposed | 70 be transacted by this Corporation Is, and il | shall be aS follows, to-wIt:
 d. To own, carry on, maintain manage and conduct General Wholesale and Retail l ierchdndise business, or businesses at Will i iams, Arizona; ana at such other or different | places as II may desire; and To manufacture, | Juy, acquire, own, hold, sell, give, trade, assign, dlvert, transfer, or otherwIse acquire oI dispose Of every and all classes and kinds oI l notes, mortgages, securities, and all other classes, kluGs, and character of property, both real, personal, and mixed, ill any manner II may deem fit or necessary. or in any way | incident to the carrying on and conducting l such merchandise business.
 b. To buy, sell own. hold, lease, mortgage, | hypothecate, give, grant, slaughter, and other wise deal in Live stock, and animals of an! | and every description; and in the brands. | irons and marks for any such Live Stock; and | to carry on and conduct d General Butcher Business, and to buy, sell, and otherwise deal in all kinds oi meats, hides, pelts and other | properties necessary for or ill any way incident Il Live Stock, and d Butcher kuslness.
 c. To manufacture, buy, sell, and otherwise deal Tn Coal, Ice, hay, grain, vegetables, wood, | lumber, Iron, steel, ana all other kinds oi i minerals and all and every other kind ol | purchasable salable properties, and in | Electric Light and Power works and equipments q. To OVID, hold, buy. sell, lease, mortgage acquire, dispose Of, and operate Mines, Farms Wuter-works, Water-rig hts Factories Livery stables, FeeI-stables, Mills, Hotels, Lodging. houses, Boarding houses, brlck-yards, Quaries ana any and all similar businesses, and to construct and operate Railways Jramways and TufHpikes such may lead from Its principal works or place of Dus.ness to sone turnpike or pubic highway.
 e. To make any and all kinds of contracts | acquire and transfer properties, and to secure 1 take, purchase, own, buy, acquire, hold, sell i lease, mortgage, or otherwise use, deal Tn lease, and dispJse of real estate, buildings | store-hOuses, warehouses, or any interest therein; and to take, own, hold, acquire, sell barter, negotiate, Il id dispose of any and al | kinds ot notes, mortgages. bJnGs, both public private, municipal, or Corporate; and Cor porate shares of Capital Stock and any and al other securities, obligations, contracts, anC evidence of Indebtedness; and generally tt | exercise Tn every respect to the sa me and eacl and ali Uf the above mentioned properties ano affairs, every, any, and all lights, powers privileges and dealings of individual nalura persons.
 ARTICLE VIII.
 
 of Directors at any time, preferred, guaranteed UT inierest-bearing Stoc.- ot this Corporation III s.rh aInO"I.ts, and upon such terms ant conditions as tO them, the said Board 0 Directors may seem proper.
 ARTICLE K
 The time of the commencement of thi. | Corporation shall be the date of the filing O these Articles of Incurporation for record il the Office of the County Recorder, and , certified copy thereof ill the office ot tht Territorial Auditor; and this Corp bration i: after, but il may be renewed from tune to tim, for period of Twenty-Five years longer, eacl time perpetually.
 ARTICLE K
 The highest amount Of indebtedness ant liability direct UT contingent, to which thi Corporation is at any time to be subject, shal -ut cAceed 1Wrhty hve Thousand Dollars
 ARTICLE IN.
 The Private property of the members ant Stock ckholders of this Corporation shall be, anC Il hereby made forever exempt from al liability Tor it's corporate debts Uf every kint ana nature WhateVer.
 ARTICLE XII.
 The directors of this Corporation may appon a General Manager of this CUrpOration, wh' shall have all tue powers which said Boart ot Directors may confer upon him, and who's term of office shah continue Ut their pleasure and whose salary such shall be hAed b, said Board of Directors.
 In witness whereof We the said Incorporators have hereunto set our hands and seals, this th' 18th day of September A. b. 1897
 DAVID BABBITT, (Seal.)
 C. ], BABBlTT, (Seal.) GEO. BABBITT, (Seal.) k. $. TEEPLE, tSeal.)
 JOSEPH $. AMUNDSEN. (Seal.j