Williams news., 1909-01-09
ARTICLES OF INCORPORATION
 OF THE Babbitt=POlSon Com pany

| KNOW ALL MEN BY THESE PRESENTS: | That we, the undersigned, Frank O. Poison, and Joseph s. Amundsen. residents of Coconino County. Territory of Arizona. the corpora tors. | have this day associated ourselves together for | the purpose oi forming a 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.wt:
 | ARTICLE I. l The names of the Corporators of this Corpora | ton are Frank O. Poison, and Joseph S. | Amundseu.
 l ARTICLE II. l The name of the Corporation is. and it shall 1 be Babbitt-Polson Company" | ARTICLE III. The principal place of transacting business l of this corporation is and 1t shall be. in the to yn of Williams, and vicinity. in Coconino County, Territory of Arizona; and it may | have other places of business in the said Terri | tory, any other State Territory, if 1 hereafter at any time determined by its Board | of Directors.
 | ARTICLE ". | All Incorporators' Stock holders 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 " | The affairs of this Corporation shall be man. | aged by Board of Four Directors, who shall | be annually elected on the first Tuesday con- | ing on after the seventh day of February of | each and every year. after February seventh, | 1910, as the Bye-laws may prescribe; and that until such time such Board of Directors of this l Corporation shall consist of the following named persons, to-wit:
 | David Babbitt, of Flagstaff, Arizona;
 
 Charles J. Babbitt. of Flagstaff. Arizona: and | Lisol Olson. of Williams, Arizona; | who shall hold such office as Directors of this Corporation until said first Tuesday after the | seventh day of February. 1910. and until their 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 (sIOOOO) 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 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 same shall be conclusive thereof. ARTICLE VII. The general nature of the business proposed to be carried on and transacted by this Cor poratiou is and and it shall be 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 desir. i;
 and to manufacture. bay, 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 secur1-
 ties and each and every other class, kind and character of property. both real, personal and mi xed. in any manner it may deem necessary.
 or incident to the carrying on and conducting
 of it's business.
 | b. To carry 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 oi ] 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 ol private, municipal or corporate; and corporate
 shares of capital stock, both in its own and
 other corporations and any other class o securities, obligations, contracts,and evidences I, of indebtedness of all and every kind and
  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 ege 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 dispose of real estate, buildings store houses, warehouses, or any interest therein or I thereto.
 d. To buy, sell, own hold, lease, mortgage
 hypothecate give, slaughter and otherwise F. 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 p general wholesale and retail butcher business
 and to buy, sell, and dispose of any and al
 kinds of meats, hides pelts, and other proper
 ties necessary for or incident to u live stock F or butcher business.
 e. To subscribe for. buy, sell otherwise
 acquire dispose of the pital stock or share:
 of the capital stock of this any other cor poraton; to buy, sell or otherwise acquire or ., dispose of the bonds and evidences of lndebt y edness of this or any other corporation; to
 own and hold the capital stock of this or an!
 other corporation, and to vote or cause to bt | voted, at stockholders meetings all stock O.
 any other corporation held by this company.
 f. To issue and sell bonds. dsbentures, ol
 obligations of this corporation and at the ,, option of the Directors of this corporation, te
 secure the same by mortgage, pledge deed ol - trust, or otherwise.
 = g. 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, paten rights, licenses, franchises. and privileges, in !, ventions, improvements and processes. trad, U marks and trade names, relating to or useful :, in connection with any business of this cor u poratiOn.
 b. To purchase, hold and reissue the share
 of the ca pital stock of this corporation, and it z bonds or other securities.
 '' i. To issue preferred, guaranteed. or interest . bearing stock of this corporation, in sucl u amounts. and upon such terms and condition o as to its Board of Directors may seem proper. ARTICLE VIII. Q The Board of Directors of this corporation
 are empowered and authorized to make sucl prudential bye-laws they may deem neces
 sary for the management of this corporation e to fill vacancies in ths Board; and to appoin
 an executive committee; to elect officers; [,