The St. Johns herald., 1894-10-25
Articles Of Incorporation
 OF THE State Bank Of Arizona.

Know all menby these presents: That we. Juan Candelaria, RosaIio Cande- laria, Ambrocio CandeIaria, Leandro Ortega and Albert F. Banta, have this day voluntarily associated ourselves to- gether for the purpose of forminga cor poration under the laws of the Territo. " of Arizona, Title l2, entitled "cor- porations," approved March 10th 1887.
 ARTICLE l. The name adopted and assumed by ihis corporation, and by which 1t shall be known, is the "State Bank of Arizona" and the principal place of business Of the said "state bank of Arizona" shall be a. the town of S. Johns. Apache county, Arizona Territory.
 ART. ,. The enterprise and business in which this corporation proposes to engage, is that of General Banking Business; and to do all and everything necessary in establishing and carrying out sad business.
 ART. 3. The authorized capital ofthe said ''state bank of Arizona' shall be fifty thousand (50,OO0,G0) Dollars, divided into Five hundred (500) shares of the par value of one hundred COG, ,00) Dollars each, and tEe time when, and the conditions upon which it Is 10 be paid are as follows: Fifty per centum of the amount Of stock subscribed for shall be paid on or before June G0th, 1885; the remaining fifty per centum, at such times and Tn such amounts, as the Board of Directors shall prescribe, 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 siiali.s.. terminate at the end of twenty five (Z5) years from date of said filing.
 ART. ,. The affairs of this copora- ton. except as hereinafter prescribed, shall te condnc;ed by one President one Vice President one 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- ation, shall be under the general con- trol and supervision of a Board of DI rcctOrs, consisting of five (5) persons, all of whom shall be stockholders of said dCorporatIon;and the said President. Vice resident, Cashier, 4 sst. Cashier, sLall be members of said Board the said President, or in his absence. the said Vice President, shall be the Chair man Of the said Board of Directors, and the said Cashier, or in his absence, the said Asst. Cashier, shall be the Secretary of said Board. The BoaId of Directors shall be elected annually by the stockholders, and the said election shall be determined by a majority of the shares voting at such anuuai cleo ti0n, each share present and which is properly registered upon the books, i'll the name of party voting, shall be en- titled 10 cast enc vote. The Board of Di- rectors shall have power todetermine tue number of officers and other employees that shall be employed, but at no time shall there be less than two, viz: one President, or a President, and one Cashier, or an Asst. Cashier. The Presi- dent, Vice President Cashier andAssist- ant Cashier shall be elected annually by the Board of Directors, and m the same manner and by the same means as iS prescribed for the election oi Board of Directors. The first regular annual election of Board of Directors for said corporation. shall be on the las: Saturday Of June 1876, and at the same time ard place, as previously prescribed the officers of said corporation, for the ensuing year, shall also be elected. And thereafter tO-Wit, on each last Saturday Tn June, Of each succeeding year, said elections shall be held for the purposes above named. he following named persons, subscribers to the Capital stock of said corporation, shall cOn5ti- tute the present Board of Directors and officers of the said State Bank of Ari zona, VIZ: Jaan Gandelaria Vice-Pres- ldent; Albert r. Banta, Cashier, R0salio Cadelaria, AmbrocIo CandeIara LeaD- drO Ortega, and shall hold their respec live offices hnti! the last Saturday ID June, 1895, or. until their successors are duly elected and qualified.
 ART. 6. |he highest amount of in. debtedness or liability to which thIs corporation IS at any time to subject itself, is limited to the face value of the full amount Of the subscribed for stock III said corporation. and as shown upon the Books of the Corporation.
 ART. /. The private property of ofs!ock- holders Tn thls corporation shall be ex- empt from the debts of said corporation.
 ART. s. The Board of Directors at any of their regAlGr or called meetings may make and adopt such 0y-laws as they may deem proper and necessary for the government of the corporation and the officers and employees thereof, and at all meetings of the Board uf Di- rectors, quorum of the Board shall be nece S slry to the transaction of busi. ness for said corporation.
 in witness whereof, we have hereun- fO set Onr hands and seals, thIs the z3d day of September. lSG4
 JUAN CANDELARIA, SEAL
 K0sALIo CANDELARIA, iSEAL.
 AMBRoCIo CANDELARIA, GSEAL1
 LEANDRo ORTEGA, SEAL.
 ALBERT +. BANTA, SEAL TERRITORY OF ARIZONA