Holbrook argus., 1901-05-18
ARTICLES OF INCORPORATION
OF the Eatna Building Association.

Know all men by these presents, That we.
the undersigned, have this day voluntarily
associated ourselves together for the pur-
pose of forming a corr Grafton under the
laws of the territory of Arizona.
]. The names of the inc operators are
John ID. W. yeeder, Elmer L. Veeder and
CO. and T. H. Ryan Jones, Howard B. Ziegler,
of Fortuna, Yuma county, Arizona.
II. The name of the corporation shall be
the etna Building Association and its prin-
cipal place of business shall be the city of
Holbrook, county of Navajo, territory or
Arizona.
III, The general nature of the business to
he transacted by this corporation is the
accommodating and loaning the funds of its
members and stockholders and depositors
and to loan and invest the funds thereof,
and to receive deposits of money, to loan.
invest, and collect the same with interest,
AMI to repay depositors or stock holders
with or without interest at such times and
ia such manner as is provided by the by
laws, and generally to perform and do all
things necessary and proper for the carrying
on of such business and for these purposes
to have, possess and enjoy oil the rights,
benefits and privileges, and immunities Incl
dent to and given under the laws of this
territory to a corporation of such character;
and shall have a common seal and alter the
same at pleasure.
All loans shall be made on adequate securi-
ty on re or personal property within the
territory of Arizona or i'll such other states
or territories as the corporation, through
ITS Board OF Directors may deem advisable.
ahe amount OF d capital s co o ar
be issued in shares of one hundred $io0)
each at such times and under such eondi-
tions as tn board of directors may deter
mine and shall be 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 soon the articles
of Incorporation are filed for record in the
office of tine county recorder of Navajo
county, territory of arizona, and the provi-
sions of law of the territory of Arizona re-
lating to corporations of this character are
compiled with; and shall terminate twenty
five years thereafter.
vi. The officers by which the affairs OF
the corporation shall be conducted shall be
4 board of directors consisting of three
members, to be elected by the members of
the corporation on the fou. tn Monday in
March, 1901, or as soon thereafter as may be
eXpedient, and annually thereafter on the
! fourth Monday i'll March, and shall hold
their office one year, or until their success
| ors are elected and have qualified. The board
| of directors shall have general supervision
over the affairs of the corporation. elect all
officers and require of them such bond as it
! may deem advisable, fill all vacancies that
may occur i'll any Office; pas on all loans.
make ali appointmen and gennerally to do
and pc. form all acts and things npperta n
| ing to the welfare of the corporation.
There shall be president vice president,
trer surer, and secretary and genera! mana
ger who shall be elected by the board of di-
rectors at their annual meeting on the
| fourth Monday in March. i'll each and ev-
cry year. or as soon thereafter as may be ex-
pedient and shall hold their Offices until the
next annual meeting of the board of direct
ors or until their successors are elected ard
have qualified.
The duties of all officers shall pc defined by
the bylaws and the treasurer may he either
AN Individual or some responsible bank, Us
the board of directors may determine.
Two members of the board of directors
shall constitute quorum for the transuc-
ton of all business of the corporation and
the said bourd of directors shall have tbs
power to adj Ourn its meetings from time &c
time until all business before it shall have
been completed and shall fix the compensa.
nj !. nTil rs n =
The following named persons are hereby
r appointed directors of this corporation un
til their successors are elected and qualified
Johu d. W. Veeder, Elmer L. Veeder anC
Homer j. Kendall.
. VII. The highest amount of indebtedness
or liability to which the corporation is Il
su oject itself shall not exceed the sum o
twenty (20) per cent. of all assets of the cor
poration, and the corporation may b rrov
, money and agree to repay the same witt
interest, and IN 'rtgage, pledge or hypothe
cate its property for the purpose of securing
its debts or loans OF. money made to it.
VIII. Any person may become "a membe
of this corporation by purchasing stocl
therein and subiectine himself to all tn
rules, regulations and bylaws thereof.
X The personal property of the mem
bers and stock holders of this corporatio
shall be exempt from any and all corporal
, debts or liabilities of this corporations; an
the stockholders and members shall b
exempt from all personal liability Tor cor
+ pOrate debts.
I x. ANY person holding one or more share
of stock i'll his corporation shall be entitle
= to one vote for each share of stock so hel
and may vote the same in person at any re
= gular annual meeting of the stockholdei
either in person or in such Representative
!, capacity the bylaws may provide; an
the board of directors are hereby author
lied and empowered to cast the vote of Q
r members not personally present ut any an
u al st cL holders meetings.
/ XI. The bylaws of this corporation sha
i be adopted at the first meeting of the boar
of directors held after the filing of the art
/ cles of incorporation, aud may be altered {
changed by two-thirds vote thereof at az
) annual or regular meeting, provided how
ever, that before any amendment is submit
ted for vote to the board of directors, thirt
(S0) days notice thereof be given to the stool
!, holders by mailing notice of such propose
/ change to them at their last known pos
[ Office address. but such change shall no.
any wise conflict with these articles of il
corporation.
In witness whereof Wa have herennto s.
/. our hands AMI seals this 25th day of Decen
Der, 4. D., 1900.
JOHN D. W. VEEpER, lSEALl
ELMER e. VEEDER. tSEAL]