Holbrook argus., 1901-05-25
ARTICLES OF INCORPORATION
Of the Eatna Building Association

hIIOW by FHese pTesents hat we, the undersigned' have this day voluntarily assDciated ourselves together for the i.ur- pose of forming corr oFation under the laws of the territory of Arizona.
 T. The names of the inc rporators are: John U: ". Veeder, Elmer E. Veeder and riomer j Kendall, of Las Vegas, New Mexi- of Fortuna, Yuma county, Arizona.
 II. he name of the rporation shall be the efha bulIdin9 4ssoeAation and its prin- cipn place of business shall be the city of iolbrooh, county of Navajo, territory or Arizona.
 III The general nature of the business to be transacted by this corpoI ation is the accuInIiatiug and loaning tine funds of it's members and stoe holders ant depositors and to lOan aud invest the funds taeI cot ami to receive deposits of money, to loaII invest and collect the same with interest all to repay depositors or stoch holders with or without interest at such times and i'll such manner is provided by the by Jaws, and generally to perform a,Id do ali things necessary and proper for the carrying on ot such business and for these purposes to have, possess and enjoy all the rights, benefits and privileges and imnunities incl isnt Ia and given under the laws of this Territory to Q corporation of such ch ,racter; and shail have d common seal and alter the same ut pleasure.
 Ali loul- shait be made on fsdeauate sec;,ri- ty on re O. perSo al property ~.ifi.in the te rtto?Xc q Ari2oua or In such other states of terrltOftes as Ile co pcraJIon. th Ougi: It's hoaEd Q! 11Cectp~s may dreIn advisable.
 ": The amount oi 2 capital st0ciS t,;i- thOrized |, one million ,.cii.rs (S.@sLJG to be issued in shares of cue hand ed $ t;J eae !. et such tines anl under such coGdi- tions d.. Il, board of director" Inay deter nine and shall De paid for in such manner as the by-laws of this corporation shall specify.
 V. The time of the commencement of this corporation shall be Us soon tine articles of in o"porariou are lied for record in the oiilce of the county recorder of Navajo county, territory of Arizona, and the DroVi- sjons oi law oI Jie territory of Arizona re- iating to corporations of this character are compiled with ana shall terminate twenty i've Years there alter.
 VI. The officers by which the affairs Of the corporation shall be coudu ted shall he 1aembef5. to be elected by the menI6e or the corporation the fou tn Monday in A.arch, Is0i, or as soon thereafter $ may he eXpedienU, and aIi,.jiaiiy thereafter on the fourth Monday in I,arch, and shall hold their otiice one year, until their success ors are elected and have qua ified. The board ot directors shall have ge:es al supervision eyer the ;tffairs ot the corIooration elect aiI officers and require of them sUiI h bOud it s'ny deem advisable. Ii | all vacancies that may occur III any oIhc2; pa on all lo.rs, nake ail appointment and senneraiiy to do ana pc form ali acrS and things rppefta ing tc the woiiai Of the corporation. tA9Fe sLGA De . president, vice president, ire trer, and secF etary aud en5fui mana CT who -huii be elected Dy the o-.hrd oi di- rectOI> aE their annual meetn. oiI he fourth Mon,;ay in March in each and ev- cry year. soon hes eafter Inay be ex- peuient aid shall hold their Offices untii the next annual meeting of the board ot direct oFs OF until their successors are elected and have quaiiaed.
 1he duties Of all officers shall pc defined by the py-laws aud th7 treasures, may ie either uIl individual or some respOnSiD e bank, us the board oi direC tors may determine. { TWO mem; CTS of the bo4rt ct dir sctors shall constitute d Q'lOrum for the tr0uSac- ton of all business ot the corporation and the said board of directors shall have the power t0 adjourn it's meetings from time to time untii a | business before it shall have been completed and shall fix the conpensa- tion of all officers agents or employees:
 l.f N1 1 appointed directI $ of this corporation un- u! thelr sueees sors are elected and qualified: John D: W. Veeder, Elmer l.. Veeder and : Homer J. Kendall.
 vii. The hghest amount of indebtedness or liability to which the corporation is to su oiect itseif shall not exceed the sum oi twenty (z0) per cent. ot ali assets of the cor pOratiOn and the corporation may D rrOw money and asree to repay the same witt iG;ei est, and m rtgage, pledge or bypothe- ci.te Its property for he purpose Of securing it's detts or loans nf money made to it.
 val. Any person may become a member of this corporation by purchasing stocF therein and subiectiug himself to all thC rules, regulations and Dy-iaws thereof. -
 K. The personal property of the mem beis and st ckholders Of this corporation shall be exempt from any and all corporutt deo O. liabilities of this corporations; anG
 the stockholders and members shall .bt , exempt from all personal liability for cor X. ; ny person holding one or more share
 of stock in his corporation shall be entitled
 to one vote for each hare Of stock he!;
 and may vote the same iI person ut any re
 gular annual meeting Ot the stocl>hols'er
 either in person or il such representativ, capacity as the bylaws may provide; an.
 he board of directors are hereby author ! Led and empowered to cast the vote of al
 members not personally present at any an, al st e. holders meetings.
 Xl. The hy-laws of this corporation shal be adopted at the first meeting of the boart
 of directors held after the filing of ihe arti cleS of incorPoratioG, amd may be altered O C: ansed by two-thi ds vote thereof at an annual CT regul IT meeting, provided Il )w'
 ever, that beIo: 2 any uIrencIGent is submit ted for vote to the board of directors. thirt
 i.0j days notice thereof be given to the sto K h 'det bJ nnai!in z II tire ot sI | proposes
 change to them at their last k own post 1 oHce address. Eui s.t, change sii,li no; II
 any wise conflict with these articles of iIi corporation
 ill witness whereof. VI have hercunso SC : our hands art seals tlIis zot Il day Of .,e enl
 ber, A. D., 1?00.
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