The St. Johns herald., 1894-10-18
Articles Of Incorporation
 OF THE State Bank of Arizona.

Know all men by these presents: That | We, Juan Candelaria, RosaIio Cande- laria, Ambrocio CandeIaria, Leandro 1 Ortega and Albert F. Banta, have this day voluntarily associated ourselves to- gether for the purpose of forming cor pora ton 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 this 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 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 everything necessary in establishing and carrying out sad business.
 ART. 3. The authorized capital of the sad 'state bank of ArizOna'' shall be fifty thousand (50,OOO,0O Dollars, divided into Five hundred (500) shares of the par value of one hundred 100000 | Dollars each, and the time when, and 1 the conditions upon which 1t Is 10 be paid are as follows: Fifty per centum of he amount of stock subscribed for shall be paid on or before June 30th, ! 1895; the remaining fifty per centuIn, at such times and III such amounts, as the Board of Directors shall prescribe, either by resolution or otherwise, as | they may determine.
 ART 4. 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 fling.
 1 ART. 5. The affairs of this copora- 1 tiOn, except as hereinafter prescribed, shall re conducted by one Pre- sldent :; 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 Board of DI- rectors, consisting of five (5) persons, all of whom shall be stockholders of said and the said President, Vice-President. Cashier, A sst. Cashier, shall be members of said Board the said President, or in his absence, the said Vice President, shall be the Chair ma4 of the said Board of Directors, and the said Cashier. or in his absence, the said Asst. Cashier, shall be the l 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 anuuai elec- tiOn, each share present and which is properly registered upon the books, in the name of party voting, shall be en- titled 10 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: one President, or Vice-President, and one | Cashier, or an Asst Cashier. The Presi- dent, Vice. e-President. Cashier and A ssist- 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 a Board of Directors. The first regular annual election of Board of Directors for said corporation. shall be on the las :. Saturday of June lSy6, 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. The following named persons. subscribers to the Capital Stock of said corporation, shall cOnSti- ute the present Board of Directors and officers of the said State Bank of Ari- zona, VIZ: Juan Candelaria Vice-Pres- ldent; Albert F. Banta, Cashier, Rosalio Cadtlaria, AmbrOcIo Candelara Lean dro Ortega, and shall hold their respec- tive offices until the last Saturday n June, lS96, or, until their successors are duly elected and qualified.
 ART. 6. The highest amount of in. debtedness or liability to which thls corporation IS at any time to subject l itself, is limited to the face value of the full amount of the subscribed for stock Tn said corporation. and as shown upon the Books of the Corporation.
 ART. 2. The private property of fstock- holders in thls corporation shall be. ex- empt from the debts of said corporation.
 ART. s. The Board of Directors at any of their regalar or called meetings may make and adopt such Oy-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 of Di- ,rectors, quorum of the Board shall be necessary 10 the transaction of busi. ness for said corporation.
 In witness whereof we have hereun- to set our hands and seals, thIs the Z3d day of September. 1891.
 JUAN CANDzLARIA, SEAL1 l ROSALIu CANDELARIA SEALl
 AMBRoCIo CANDELARIA, 1SEAL IEANDRO ORTEGA ISEAI