Williams news., 1909-01-16
ARTICLES OF INCORPORATION
 OF THE Babbitt=PolsOn Company
KNOW ALL MEN BY THESE PRESENTS:


 County, Territory of Arizona, the corporators. have this day associated ourselves together for the purpose ot 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 follows, to-wit:
 ARTICLE I.
 The names of the Corporators of this Corpora ton are Frank o. Poison, and Joseph S. Amundseu.
 ARTICLE 1T.
 The name of the Corporation is and il shall b. .' Babbitt-POson Com nany."
 ARTICLE III.
 The principal place of transacting business of this corporation is and 1t 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 nirec- rors' 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 CDrporati m shall be man. aged by a Board of Four DiractprS, whp shll De annually elected on the first Tuesday com ing on after the seventh day pf fe1rItrv pf 'ach and every year, after For Itry S.F T. !. 910, as the Bye-laws may prescribe; ani that intil such time such Board If Dir rtOrS If tnis Corporation shall cols;St O tn. f1.irv- ls tanned persons, to-wit:
 David Babbitt, of Flagstaff, Arizona; Frank O. Poison, of Williams. Arizona; Charles J. Babbitt. of Flagstaff, Arizons md 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 unti heir l successors are elected and qualified ARTICTEVI The amount of the Capital stock of this Cor | poration is and it shall be One Hundred and 1 Fifty Thousand (Sl5O,00001) Dollars; divided | into Fifteen Hundred shares of the par value of One Hundred (slOOOO) each share; and the said capital stock shall be fully paid up at the l date of it's issuance, and it may be paid for in money, property, lipor or any other right thing of value, and the judgment and decision of the Board of Directors, or managing officers ofthis corporation, as to the value of the same 1 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 follows viz | To own, carry on, conduct. maintain and | manage a 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 l 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 and mixed in any manner it may deem necessary IT incident to the carrying on and conducting | If its business.
 | b. To carry or and conduct public ol | private banking business, and to that end tc issue its own paper, due bills and notes and tC | take. accept, hold and handle deposits oi l money, moneys, and collateral securities; tC | make loans of moneys, and to secure, take | purchase, own, acquire, hold, sell, lease, mort l gage, hypothecate mortgages, and other secur- ties of ali and every kini and descripti" collateral or other wise, and bonds. public private, municipal or corporate; and corporal, hares of capital stock, both in its own anH I 'ther corporations; and any other class o ,ecurities, obligations contracts and evidence, | f in6ebt -dness of all and every kind am | md dispose of any and all such securities; and | generally to exercise in respect to the same nd each, every and all of the above mentioned ffars, and any and all right, pow CT and privi | lege of individual natural pers ,n>, owner hereof. or holders of the same.
 c. To secure, take, purchase, own. acqLir , hold. lease, mortgage, or otherwise use, d. al 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 otherwis' deal in live stock of any and every kind and description; and the brands, irons and mark: of live stock; and to carry on and conduct 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 a live stock or butcher business. acquire or dispose of the capital stock or share' of the capital stock of this or any other cor . poIation; to buy, sell or otherwise acquire or dispose of the bonds and evidences of indebt edness of this or any other corporation; IL 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 o any other corporation held by this company.
 f. To issue and sell bonds debentures, ol obligations of this corporation, and at the option of the Directors of this corporation, tC secure the same by mortgage, pledge, deed ol trust, or otherwise.
 E. 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 share. of the capital stock of this corporation, and its bonds or other securities.
 i. To issue preferred, guaranteed, or interest hpar of this corporation, such amounts. and upon such terms and condition, as to its Board of Directors may seem proper.
 ARTICLE VIII.
 The Board of Directors of this corporation are em powered and authorized to make such prudential bye-laws as they may deem neces Sary for the management of this corporation to fill vacancies in th9 Board; and to appoint an executive committee; to elect officers; tC appoint General Manager of this corporation and to confer upon such officers, executive committee and General Manager such powers