Williams news., 1909-01-30
ARTICLES OF INCORPORATION ',
 OF THE Babbitt=P0lSOn Com pany

That we, the undersigned, Frank O. Poison, and Joseph s. Amundsen, residents of Coconino County, Territory of Arizona, the cOrporators, have this day associated ourselves together for the purpose Of forming corporation, and to become incorporated under the Laws of the Territory of Arizona, and for that purpose and to that end do adopt Articles of Incorporation as follows, to-wit:
 ARTICLE I.
 The names of the Corporators of this Corpora ton Frank o. Poison, and Joseph s. Amundsen.
 ARTICLE II.
 The name of the Corporation is, and it shall be " "Babbitt- Poison Company"
 ARTICLE III.
 The principal place of transacting business of this corporation is and it shall be, in the town of Williams, and vicinity, in Coconino County, Territory of Arizona; and it may have other places of business in the said Terri tory, or any other State or Territory, if so hereafter at any time determined by its Board of Directors.
 ARTICLE ".
 All Incorporators' Stockholders and Direc- tors meetings shall be held at the Town of Williams, CocOnino County, Territory of Ari- zona; except otherwise hereafter ordered by the Board of Directors of this Corporation.
 ARTICLE V.
 The affairs of this Corporation shall be man. aged by Board of Four Directors, who shall be annually elected on the first Tuesday com ing on after the seventh day of February of each and every year, after. February seventh, l9lO as the Bye-laws may prescribe; and that until such time such Board of Directors of this Corporation shall consist of the following named persons, to-wit
 David Babhitt Of Flapstaff Arizona.
 Frank O. Poison, of Williams, Arizona;
 Charles J. Babbitt, of Flagstaff, Arizone' and Lsol J. Olson, of Williams, Arizona; who shall hold such office as Directors of this Corporation until said first Tuesday after the seventh day of February. 19l0 and until 'heir 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 (s15O, ,OO0.O0) Dollars; divided into Fifteen Hundred shares. of the par value of One Hundred ($10O0O) 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, laDor any other right thing of value, and the judgment and decision of the Board of Directors. or managing officers of this corporation, to the value of the same shall be conclusive thereof.
 
 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 thandise business or businesses at Williams, in Coconino County. Territory of Arizona, and such other or different places 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 character of property. both real, personal anu mixed. in any manner it may deem necessary, pr incident to the carrying on and conducting If its business.
 b. To carry or and conduct public or private banking business, and to that end to issue it's own paper, due bills and notes and to take. accept, hold and handle deposits oi money, moneys, and collateral securities; t. 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 colla teral or otherwise, and bonds, public or 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. hypothecate 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 I Icn1 in or dispose of real estate, buildings, store houses, warehouses, or any interest therein or thereto.
 d. To buy, sell, own, hold, lease, mortgage. 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 and conduct general wholesale and retail butcher business, and to buy, sell and dispose of any and all kinds of meats, hides, pelts, and other proper ties necessary for or incident to q 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 poration to buy, sell or otherwise acquire or dispose of the bonds and evidences of indebt- edness of this or any other corporation; tO own and hold the capital stock of this any other corporation, and to vote or cause to be voted, at stockholders meetings all stock Uf any other corporation held by this company f. To issue and self bonds, de1entureS, or obligations of this corporation, and at the option of the Directors of this corporation, to secure the same by mortgage, pledge, deed or trust, or otherwise.
 2. To acquire, hold, use, sell, assign, lease. grant licenses in respect of, mortgage, or other- wise dispose of Letters Patent of the United states, or any foreign country, patents, patent rights, licenses, franchises, and privileges, in ventions, improvements and processes. trade marks and trade names, relating to or useful in connection with any business of this cor poration. h. To purchase, hold and reissue the shares of the capital stock of this corporation, and it's bonds other securities. i To issue preferred, guaran teed or interest bearing stock of this corporation, in such amounts and upon such terms and conditions 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 corpora ton; | to ii vacancies in th9 Board; and to appoint | an executive committee; to elect officers; to | int f !,