The St. Johns herald., 1894-10-04
Articles Of Incorporation
 OF THE State Bank 0f Arizona.

Know all men by these presents: That ] We, Juan Candeiaria, kOsaIio Cande- larla, Ambrocio Candelaria, Leandro Ortega and AlAert r. Bauta, have this day voluntarily associated ourselves to- gether for the purpose of forming cor poration under the laws of the Territo. ry of Arizona, Title l2, entitled ''cOr- porations," approved March Sth 1887.
 ARTICLE ]. The name adopted and assumed by this corporation, and by which it shall be known, is the State Bank of Arizona" and the principal place of business Of the said "state bank of Arizona" shall be at the town of St. Johns, Apache county, Arizona Territory.
 ART. ,. The enterprise and business in which this corporation proposes to engage, is that of a General Banking Business; and to do all and every thing necessary in establishing and carrying out sad business.
 ART. 3. The authorized capital of the sald "state bank of Arizona'' shall be fifty thousand (50,000,00) Dollars, divided into Five hundred (500) shares of the par value of one hundred 100000 Dollars each, and tue time when, and the conditions upon which it is to be paid are as follows: Fifty per centum of the amount of stock subscribed for shall be paid on or before June 30th, 1895; the remaining fifty per centun, at such times and Tn such amounts, as l the Board of Directors shall prescribe, l either by resolution or otherwise, as | they may determine.
 | ART. 1. The time of the commence
 ment of this corporation shall be the date of filing these articles in the office of the County Recorder of Apache cOun-
 ty. and shall terminate at the end of
 twenty-five (25) years from date of said filing.
 ART. ,. The affairs of this copora-
 tion, except as hereinafter prescribed,
 shall he conducted by one President j; one President; enc Cashier; one Assistant Cashier, and such other em ployees as the Board of Directors may
 deem necessary; said President Vice President, Cashier, and Asst. Cashier.
 and all other employees of said corpor-
 atlOn, shall be under the general con-
 trol and supervision of Board of DI-
 rectors, consisting of five (5) persons,
 all of whom shall be stockholders of
 said OrporatIOn;a ;and the said President, Vice President, Cashier, 4 sst. Cashier,
 shall be members of said Board; the
 said President, or in his absence, the
 
 man of the said Board of Directors,
 and the said Cashier, or in his absence,
 the said Asst. Cashier, shall be the r Secretary of said Board. The Board of
 Directors shall be elected annually by
 the stockholders, and the said election
 shall be determined by majority of the shares voting at such annual cleo
 tion, each share present and which ie
 properly registered upon the books, ill the name of party voting, shall be en-
 titled to cast one vote. The Board of Di-
 rectors shall have power todetermine the
 number of officers and other employees
 that shall be employed, but at no time shall there be less than two, viz: ono
 President, or Vice President, and one
 Cashier, or an Asst. Cashier. The rresi. dent, ,Nice-President. Cashier and Assist. ant Cashier shall be elected annually by the Board of Directors, and Tn the same manner and by the same means as Is prescribed for the election of 2 ) Board of Directors. The first regnlal , annual election of a Board of Directors 7 for said corporation. shall be on the las , Saturday of June I656, and at the same l time and place, as previously prescribed e the othcers of said corporation, for the r ensuing year, shall also be elected. AnC f thereafter to-wit, on each last Saturday
 in June, of each succeeding year, saiC f elections shall be held for the purpose: r above named. The following named | persons. subscribers to the Capita
 Stock of said corporation, shall conSti tute the present Board of Directors anC officers of the said State Bank of Ari : zOna, VIZ: Juan CaIdelaria Vice-Pres ident; Albert r. Banta, Cashier, Rosal' ( CadplarIa, AmbrOcIO CandeIara Lean l. dro Ortega, and shall hold their respec ] tive offices until the last Saturday IT T June, 1895, or, until their successors ar, e duly elected and qualified.
 j. ART. 6. The highest amount of in |, debtedness or liability to which thl q corporation is at any time to subjec
 itself, is Limited to the face value of tn 2 full amount of the subscribed for stocI l. in said corporation. and as shown upOl f the Books of the Corporation. d ART. Z. The private property ofstock T. holders in thls corporation shall be eX :. empt from the debts of said corporation ,' ART. S. The Board of Directors a any of their regalar or called meetings
 may make and adopt such bylaws &
 they may deem proper and necesear '- for the government of the corporation y and the officers and employees thereof and at all meetings of the Board Of Di d rectors, quorum of the Board shall b e necessary to the transaction of busl r. ness for said corporation.
 l. In witness wheceOf, we have hereun :, to set our hands and seals, thIS the 23 ,f day of September. 1894.
 d JUAN CANDELARIA, SEAL. s, ROsALIo CANDELARIA, LSEAL.] If AMBROCIo CANDELARIA, TSEAL.1