The Winslow mail., 1900-08-16
ArticlesofIncorpMation
OF FHE
Navajo County, Bank,
OF W!KSLOW, ARIz,
Know all men by these presents:

EnoW ali men by these presents:
That we, W. Fl. Burbsge, F. w. Mel, /
son, Henry Huning, NJ. w. Flourney
and George A. Lane, haye this day vel |
unfairly associated ourselves together
for the purpose of forming a corpora
tion 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 ].
The name of this corporation shall
be the Navajo County Bank, and its
principal place of business shall be
Winslow, Navajo county, Arizona Ter
ritory.
ARTICLE II.
The general nature of the business
te be transacted by the corporation
shall be that of banking in all its
branches, buying. owning, selling and
handling any and all real or personal
property, or both real and personal
property necessary or incidental to
the business of banking and to do and
perform ali things pertaining to said
business
ARTICLE III.
The amount of the capital stock of
this corporation herein authorized is
twenty-five thousand dollars ($25,Q00),
and the nun Der Of shares into which
it is divided is two hundred and fifty
$3.50 of the par value of one hundred
dollars ($lGQ) each. All of which shall
be paid III in cash, at not less than the
par value, upon the issuance of said
stock; and wnen SO paid shall be non-
aSse5Sa0le
One hundred (1G0] shares of the cap
ital stock at the par value of one
hundred dollars ($lO0l each shall be
paid in on or before the 3Oth day of
June, A. d. 1900
ehall be issued according to law from
time to time in such amounts as may
be authorized by the corporation.
ARTICLE ".
This corporation shall commence On
the first day of July, A. d. 1900, and
shall terminate twent y-five (Z5) years
from said date, towit; June 3Oth, a.
d. 1925.
ARTIcLE Y.
be conducted by a board Of five (5) die
rectors all of whom shall be stockhold-
ers, to be elected ann ually, at . stock
holders meeting to be held Oh the Sec
ond Saturday III June of each year,
commencing with the second Saturday
in June A. d. 1900.
The following stockholders shall be
and constitute and are hereby ap-
| =
this corporation until the first annual
election in June, 1901, or until their
successors are duly elected and enter
upon the duties of their offices, name
ly: W. Fl. Burbage, president; T. W.
Nelson, vice-president; George A. Lane,
cashier; and Henry Huning and NJ. w.
Flourney, directors.
The directors and officers shall hold
office, commencing on the first day of
July. A. d. 1900, for the term of one
year, or until their successors are
elected and qualified.
The directors shall elect from
among their nun Der president, vice
president, who may also be assistant
cashier, and cashier, who shall be ex-
otficio secretary of the board of direct
ors of the corporation.
| ARTICLE VI
| The private property or each and
every officer and stockholder Of this
corporation shall be wholly exeMpt
from any and all corporate debts and
| liabilities.
ARTICLE VII.
That the highest amount of Indebted
ness to which this corporation shall at
any time subject itself shall be such
sums to which the demands or depos-
it's may be brought to, but the total of
such indebted. ess or liability at any
one time, is hereby made for the pur-
pose OF definite amount, not to exceed
two hundred and fifty thousand dol
lars ($Z50,G00).
ARTICLE WILL
TIE board of directors of this cor
poreti shall adopt 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 elaction
1 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-
6uct 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. H. Burbage. Seal