Williams news., 1909-01-23
ARTICLES OF INCORPORATION
 OF THE Babbitt=POlSOn Company


 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 0. Poison, and Joseph s. Amundsen.
 ARTICLE II.
 The name of the Corporation is, and ii shall be '' Babbitt-Polson Company"
 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 Territory, if 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 oe annually elected on the first Tuesday com ing after the seventh day of February of 4ach and every year, after February seventh, 1910, as the Byelaws may prescribe; and that Intil such time such Board of Directors of tnls Corporation shall consist of the following lamed persons, to-wit: David Babbitt, of Flagstaff, Arizona; Frank O. Poison, of Williams. Arizona;
 Charles J. Babbtt, of Flagstaff, Arizons ,nd
 Lisol J Olson of Williams, Arizona;
 who shall hold such office as Directors of thi> Corporation until said first Tuesday after the d of hpir successors are elected and qualified. ARTICLE VI The amount of the Capital stock of this Cor poratiOn is and it shall he One Hundred and Fifty Thousand ($15o,OOOOO Dollars; divided into Fifteen Hundred shares. of the par value l If One Hundred (Sl0000) 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, lsoor any other right or thing of value, and the judgment an1 decision of the Board of Directors or managing officers | of this corporation, te the value of the samr 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 :: a. To own, carry on, conduct, maintain and manage general retail and wholesale mer- | chandise business or businesses at Williams, in i 1oconino County. Territory of Arizona, and | such other different places as it may desire {; | and to manufacture, buy, acquire, own, hold, I sell, give trade, assign, divert. transfer, or | otherwise dispose of or acquire every and ali kinds and classes of material, goods, ware>, l merchandise, bonds, notes, mortgages, securl- | 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 ol money, moneys, and collateral securities; to maFe 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 or private, municipal or corporate; and corporate | shares of capital stock both in its own and other corporations; and any other class oi securities, obligations contracts, and evidences | of indebtedness of all and every kind and character; and to sell, pledge. hypothecats | 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 | 6HdlrS ana dllN anu TlSHl, pOWeI anu pIlNl | 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 hypothecate, give, slaughter, and otherwise | deal ill live stock of any and every kind and description; and the brands. irons and marks | of live stock; and to carry and conduct Il general wholesale and retail butcher business and to buy, sell, and dispose of any and all kinds of meats, hides belts, and other proper ties necessary for or incident to d live stock, or butcher business.
 e. To subscribe for, buy, sell Otherw SC acquire dispose of the capital stock or shares | of the capital stock of this or any other cor | poIation; to buy sell or otherwise acquire or 1 dispose uf the bonds and evidences of indebt- | .dness of this any other corporation; to | own and hold the ca pital stock of this any l other corporation, and to vote or cause to be | voted, at stockholders meetings all stock oi any other corporation held by this company. | i. To issue and sell boniS. debenture>. or 1 obligations of this corporation, and ut th, option of the Directors of this corporation, to secure the same by mortgage, pledge, deed or | trust, or otherwise.
 | r To couire 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 trad 2 marks and trade names, .ating to or useful in connection with any business of this cor poraton.
 | h. To purchase, hold and reissue the shares of the ca pital 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 Directors may seem proper. 1 ARTICLE VIII.
 The Board of Directors of this corporation are empowered and authorized to make such | prudential bye-aws they may deem neces- sary for the management of this corpora ation {; | to fill vacancies in tho Board; and to appoint an executive committee; to elect officers; to | appoint General Manager of this corporation; i; 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 l power and authority without special vote of the stockholders, to execute, issue, utter and circu l late the obligations, notes, bonds securities | of this corporation to an amount and extent in | their discretion deemed proper, not exceeding | he Of Is ta6n hos Arti