Williams news., 1909-02-06

Corporation until said first Tuesday after the seventh day of February, 1910, and until sbeir successors are elected and qualified.
 ARTICLE VI.
 The amount of the Capital stock of this Cor poration is and it shall be One Hundred and Fifty Thousand (sl5O,OOo.OO Dollars; divided into Fifteen Hundred shares, of the par value of One Hundred (slOO.OO) each share; and the said capital stock shall be fully paid up at the date of it's issuance, and it may be paid for in money. property, laoor 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 1t may desir,; and to manufacture. buy, acquire, own, hold. sell, give, trade assign, divert, transfer, or otherwise dispose of acquire every and all kinds and classes of material, goods, wares, merchandise, bonds, notes, mortgages. securi- ties, and each and every other class, kind and character of property. both real, personal and mixed. in any manner it may deem necessary. or incident to the carrying on and conducting of its business.
 b. To carry on 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 it's 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. hypothecato 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.
 
 hypothecate. give, slaughter, and otherwise deal in live stock of any and every kind and description; and the brands irons and marks of live stock; and to carry on ana conduct . general wholesale and retail butcher business, U des pep nS GI otbsyr ano e ties necessary for or incident to a live stock, or butcher business.
 e. To subscribe for, buy, sell or otherwise acquire or dispose of the capital stock or shares of the capital stock of this or any other cor dispose of the bonds and evidences of indebt- edness of this or any other corporations; to own and hold the capital stock of this or any other corporation, and to vote or cause to be voted, at stockholders meetings all stock of any other corporation held by this company. obligations of this corporation, and at the option of the Directors of this corporation, to secure the same by mortgage, pledge, deed or z. To acquire, hold, use, sell, assign, lease, grant licenses in respect of, mortgage, or other States, or any foreign country, patents, patent rights licenses, franchises, and privileges, in ventions, improvements and processes, trade marks and trade names, reIating to or useful in connection with any business of this cor pOraton.
 h. To purchase, hold and reissue the shares of the capital stock of this corporation and its bonds or other securities.
 i. To issue preferred, guaranteed, or interest bearing stock of this corporation, in such amounts. and upon such terms and conditions as to its Board of m1S BiTectqrs y may seem proper
 
 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 an executive committee; to elect officers; to appoint General Manager of this corporation; and to confer upon such officers, executive committee and General Manager such powers as the Board of Directors may deem fit and proper. And the Board of Directors shall have power and authority without special vote of the stockholders, to execute, issue, utter and circu- of this corporation to an amount and extent in their discretion deemed proper, not exceeding the limit of it's indebtedness as in these Articles prescribed; and to make. execute and deliver as security 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 seemfi and proper. To alter, amend and rescind the Bye-laws of shares of the capital stock of any of the stock holders of this corporation. and to such end to appoint a trustee or trustees to hold the same. and determine the times and amounts of div idends and the payment thereof upon the stock time to time and vary the amount to be re- served as 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 of 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 of said Territory; and this corporation is 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 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 of this corporation shall be, and is hereby made forever exempt from all liabil- ity for it's corporate debts of every kind and description whatsoever.
 ARTICLE XII.
 The capital stock of this corporation shall be and it is hereby made forever non-assess4ble for any purpose whatsoever.
 ARTICLE XIII.
 The officers of this corporation shall be a Vice-President. 6 Secretary and 6