The Winslow mail., 1900-08-02

-~%~ ---OA- ~ tANSO pa OCOAbo'
That we, ". Fl. Burbage, F. w. Mel
sen, Henry Huning, NJ. w. Flourney
and George A. Lane, have this day vol
unfairly associated ourselves together
for the purpose of forming corpora
tlon under the laws of the Territory
OF Arizona, and in compliance with
Chapter Ii of Title XII of the Revised
Statutes of Arizona for 1887, and have
adopted and do hereby certify to the
following articles Of incorporation,
namely:
ARTICLE L
The name of this corporation shall
be the Navajo County Bank, and its
principal place of business shall be
WinsIow, Navajo county, Arizona Ter
ritOry.
ARTICLE II.
The general nature of the business
to be transacted by the corporation
shall be that of banking in all its
branches, buying, owning, selling and
handling any and ali real or personal
pf operty, or both real and personal
property necessary or incidental to
the business of banking and to do and
perform all things pertaining to said
business.
ARTICLE III
The amount of the capital stock of
this corporation herein authorized is
twenty-five thousand dollars ($25, ,000),
and the number of shares into which
it is divided is two hundred and fifty
(250) OF the par value Of one hundred
dollars ($1O0) each. All of which shall
be paid III IL cash, at not less than the
par value, upon the issuance of said
stock; and wnen SO paid shall be non
assessable.
One hundred QG0) shares of the cap
ital stock at the par value of one
hundred dollars ($1o0) each shall be
paid In on or before the 3oth day of
June, A. D. 1900.
The balance Of the capital stock
shall be issued according to law from
time to time N such amounts as may
be authorized by the corporation.
ARTICLE w.
This corporation shall commence on
the first day of July, A. D. 1900, and
shall terminate twenty-five (25) years
from said date, to-wit: June 30th, A.
d. 1925.
ARTICLE V,
The affairs of this corporation shall
be conducted by board of five (5) di
rectors all of whom shall be stockhold
ars, to be elected annually, at stock.
holders meeting TO be held on the sec
ond Saturday in June of each year
commencing with the second Saturday
in June A. ID. 1900.
The following stockholders shall bt
and constitute and are hereby ap
pointed the directors and officers OF
this corporation until the first annua
election in June. 1901, or until theil
successors are duly elected and enter
upon the duties of their offices, name
! ly: w. FL. Burbage, president; +. W.
Nelson, vicepresident; George A. Lane
cashier; and Henry Huning and NJ. w
FiourGey, directors.
| The directors and officers shall hold
office, commencing on the first day of
| July, 4. d. 1900, for the term of one
year, or until their successors are
elected and qualified.
The directors shall elect from
among their number a president, vice.
president, who may also be assistant
cashier, and Cashier, who shall be ex-
odicio secretary Of the board of direct
ors Of the corporation.
ARTICLE VI
The private property. of each and
every officer and stOckhOlder of this
CORPORATION shall be wholly exempt
from any and all corporate debts and
liabilities.
ARTICLE VII.
That the highest amount Of indebted
ness to which this corporation shall at
any time subject itself shall be such
sums to which the demands or depos-
its may be brought to, but the total of
such indebted ess or liability at any
one time, is hereby made for the pur-
pose of definite amount, not to exceed
two hundred and fifty thousand dol
lars ($260,O00).
ARTICLE VIII
The board of directors Of this cor
poration shall adopta code Of bylaws
for the government of the corporation
which code of bylaws shall prescribe,
limit and define the powers and duties
of the officers.
It shall also provide for the election
of the officers as herein set forth and
for the appointment of such other
officers, who may or may not be direc-
tors or stockholders, as may at any
time seem or appear to them to be de-
sirable or necessary to the proper con-
duct Of the affairs of the corporation
In witness whereof we have hereunto
set our hands and seals this fourteenth
day of June, a. D. 1900.
W. Fl. Burbage. Seal
T. w. Nelson, TSeal |
~ I