Williams news., 1909-02-13

Corporation until said first Tuesday after tn, seventh day of February, 1910, and unt' heir successors are elected and qualified.
 ARTICLE VT.
 The amount of the Capital stock of this Cor poration is and it shall be One Hundred and Fifty Thousand (s150OOO.O0) Dollars; divided into Fifteen Hundred shares. of the par value of One Hundred (Sl00.00) each share; and the said ca ptal stock shall be fully paid up at the date of it's issuance, and it may be paid for in money. property, laDor or any other right or thing of value, and the judgment and decision of the Board of Directors. or managing officers of this corporation, as to the value of the samo shall be conclusive thereof.
 ARTICLE VII.
 The general nature of the business proposed to be carried on and transacted by this Cor poration is and and it shall be as follows. viz:
 a. To own, carry on, conduct, maintain and manage general retail and wholesale mer- chandise business, or businesses at Williams, in Coconino County, Territory of Arizona, and such other or different places as it may desire: and to manufacture, buy, acquire, own, hold. sell, give, trade assign, divert. transfer, or otherwise dispose of or acquire every and ali kinds and classes of material, goods, wares. merchandise, bonds, notes, mortgages, securi ties, and each and every other class, kind and or property, DoIn real, perSOudl anu mixed. in any manner it may deem necessary. or incident to the carrying on and conducting of it's business.
 b. To carry or and conduct public or private banking business, and to that end to issue its own paper, due bills and notes and to take. accept, hold and handle deposits of money, moneys, and collateral securities; to make loans of moneys, and to secure, take. purchase, own, acquire. hold, sell, lease, mort gage, hypothecate mortgages, and other secur- ities of all and every kind and description, collateral or otherwise, and bonds, public private, municipal or corporate; and corporate shares of capital stock, both in its own and other corporations; and any other class of securities, obligations, contracts, ,and evidences of indebtedness of all and every kind and character; and to sell, pledge. hypothesis and dispose of any and all such securities; and generally to exercise in respect to the same. and each, every and all of the above mentioned affairs, and any and all right, power and privi- lege of individual natural persons, owners thereof, or holders of the same. c. To secure, take, purchase, own, acquire. hold, lease, mortgage, or otherwise use, deal in or dispose of real estate, buildings, store houses warehouses, or any interest therein or thereto.
 d. To buy, sell, own, hold, lease, mortgage.
 
 deal ill live stock of any and every kind and . descriptions and the brands irons and marks of live stock; and to carry on ana conuucr & general wholesale and retail butcher business. and to buy, sell, and dispose of any and all kinds of meats, hides, pelts, and other proper ies necessary for or incident to a live stock, pr butcher business.
 e.. To subscribe for, buy, sell otherwise acquire or dispose of the capital stock or shares If the capital stock of this any other cor | aOIation; to buy, sell or otherwise acquire or | lspuse uf the bonds and evidences of indebt- 1 dness of this or any other corporation; to | 'wn and hold the capital stock of this or any | Iher corporation, and to vote or cause to be 1 rOted, at stockholders meetings all stock of l my other corporation held by this company. l i. To issue and sell boutis. debentures, or l gations of this corporation, and at the | ptIon oi the Directors of this corporation, to
 erure the same by mortgage, pledge, deed or | ruSt or otherwise
 | g To acquire, hold. use, sell, assign, lease, l rrant licenses in respect of, mortgage, or other | wise dispose of Letters Patent of the United 'tttes, or any foreign country, patents, patent l rights, licenses, franchises, and privileges, in- | ventions, improvements and processes trade | marks and trade names, reIating to or useful
 connection with any business of this cor pOratlon.
 l h. To purchase, hold and reissue the shares of the capital stock of this corporation, and its l bonds or other securities
 | i. To issue preferred, guaranteed, or interest bearing stock oi this corporation. Tn such | as to it's Board of Directors may seem proper. ARTICLE VIII. | The Board of Directors of this corporation | are empowered and authorized to make such | prudential bye-laws as they may deem neces. | sary for the management of this corporation: | to fill vacancies in ths Board; and to appoint appoint q General Manager of this corporation; and to confer upon such officers, executive as the Board % of f Directors ns may deem @ ft snd | proper And the Board of Directors shall have | power and authority without special vote of the stockholders, to execute, issue utter and circu | late the obligations, notes, bonds or securities l of this corporation to an amount and extent in fhaSr tifar~ the limit of its indebtedness as in these Articles prescribed; and to make, execute and deliver as security or collateral thereof, such mort gages, conveyances or deeds of trust upon and | of the assets and property of this corporation as in their discretion may seem fit and proper; To alter, amend and resclnd the Bye-laws Of this corporation; to take. hold and reserve shares of the capital stock of any of the stock appoint trustee or trustees to hold the same. and to direct the voting thereof; to declare and determine the times and amounts of div idends and the payment thereof upon the stock of this corporation; to fix and determine from time to time and vary the amount to be re- l served working capital; to determine and direct the use and disposition of any surplus or net profts. provided always that majority | of the whole Board shall concur therein. | ARTICLE TX.
 The time of the commencement of this COT. | poration and its business, shall be the date of the filing of these Articles ot Incorporation for | record in the office of the County Recorder, of | Coconino County, Arizona, and a certified copy thereof in the office of the Territorial Auditor l | formed to endure for twenty-five years there after, but it may be renewed from time to time for period of twenty-five years longer, each time perpetually.
 ARTICLE x. | The highest amount of indebtedness and | liability, direct or contingent. to which this l corporation is or shall be at any time subject | shall in no case exceed one hundred thousand | dollars.
 | ARTICLE XI. | The private property of the members and 1 stockholders of this corporation shall be, and | is hereby made forever exempt from all liabil- 1 ity for it's corporate debts of every kind and l description whatsoever.
 | ARTICLE XII. | The capital stock of this corporation shall be and it IS hereby made forever nOn-asSessable l for any purpose whatsoever. ARTICLE KILL The officers of this corporation shall be @ 1 President, Vice-President, a Secretary and @