Holbrook argus., 1901-04-27

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-
laws of the territory of Arizona.
/. The names of the inc operators are:
John ID. w. Needer, Elmer L. Veeder and
Homer J. Kendall, of Las Vegas, New Mexi-
CO. and L. Ii. Ryan JONES' Howard b. Ziegler
of Fortuna, Yuma county, Arizona
IL. The name of the corporation shall be
the Aetna building association and its prin-
clpnl place of business shall be the city of
holbrook, county of Navajo, territory or
Arizona.
III, he general nature of the business to
be transacted by this corporation is the
accommodating and loaning the funds of its
members and stoc; holders and depositors,
and to loan and invest the funds thereof.
and to receive deposits of money, to loan
invest, and collect the with interest
and to repay depositors or stock holders
with or without interest at such times and
i'll 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 tor these purposes
to have, possess and enjoy all the rights,
99ehehts anu privileges ana lInr1unitleS mel
dent To and given under the laws of this
territory to corporation of sue h character;
and shall have II common seal and after the
same at pleasure.
All loans shall be made on adequate securi-
~ on re or personal property within the
rei rItory of Arizona or in such OF her states
or territories as the co. poratlon. through
! its board OF directors, may deem advisable.
~. The amount of e capital stock au-
/
be issued in shares of one hundred (sIOO)
each, at such tunes and under such condi-
t1onS as tn board of directors may deter
mine and shall be paid tor i'll such manner
specify.
V. The time of the commencement of this
corporation shall be as soon as the articles
/ OF incorporation are MED for record i'll the
on1ce of the county recorder of Navajo
county, territory of arizona, and the proVI-
/ sions OF law of the territory OF Arizona re-
latlng to corporations of this character are
complied with and shall terminate twenty
tive ears thereafter.
! vi. The officers by which the affairs of
the corporation shall be conducted shall he
board OF directors cUnsi ting OF three
members. to be elected by the membe4 of
the corporation on the fou TIL Monday in
starch, 1891, Or as soon thereafter Us may be
eXped tent, and an ually thereafter ON the
Iourih Monday i'll March, and shall hold
tn, IL Office one yeur, OF until their success
orS are elected ana have quaIifed. The board
OF directors shan have general supervision
over the affairs of the corporation, elect all
omcers and require of them such bond as it
may deem advisable, I'LL all vacancies that
may occur i'll any office; pas on all lonns
MAKE all appointmeh and gennerally to do
and pc form all things apperta H.
ing to the weltai e OF the corporation.
There shall be I. president, vice president
tie.- slrer, and secretary and enerai mana
Ser who shall be elected by the b1ard OF di-
re ctOrs at their annual meeting on the
fourth MONDAY in March, i'll each and ev-
cry year, or AZ soon thereafter may he ex-
pedient and shall hold their offices until the
next annual meeting OF the board of direct
orS or until their successors are elected and
have qualified.
l. he duties of all officers shall pc defined by
the bylaws and the treasurer may lie either
an individual or some responsible bank, as
he board oil directors may determine.
Two members OF the board of dir ectors
Isli constitute q'Iorum for the transisc-
IN of all business of the corporation and
ne said board of directors shall have lie
power to adjourn its meetings from time to
time until all business before it shall have
been completed and shall tiX the compensa-
ton OF all omcers, agents or employees.
The following named persons are hereby
appointed direct1 $ of this corporation UNI
til their success sors are elected and qualified
John D.. w. Veeder, Elmer E. Veeder and
Homer j. Il entail
or liability TO which the corporation is tC
SUI ject Itself shall not exceed the sum OF
twenty go per cent of all assets of the cor.
poration, and the corpoI alton may rrow
money and agree to repay the same will
interest and M rtgage, pledge or hypothe.
cate its property for the purpose of securing
its debts or loauS of money made to it.
VII. ANY person may become member
Of this corporation by, purchasing ,stoci
therein and subiecting himself to all the
rules, regulations and bylaws thereof.
IA. The personal property of the mem
bers and stockholders of this corporation
shall be exemp; from any and all corporal;
debts or liabilities of this corporation; ant
The stockholders and members shall d,
exempt from all personal liability for cor
poratc debts.
A. any person holding one or more share
of stock i'll this corporation shall be entitled
to one vote tor each share of stock SO hel,
and may vote the same i'll person at any re
guiar annual meeting of the stock holder
either i'll person OF in such Representative
capacity the bylaws may provide; an,
. the bourd Of directors are hereby author
n lied and empowered to cast the vote OF al
= members not personally present at any an
/ al st c.. holders meetings.
n XI. The bylaws OF this corporation shal
n be adopted at the first meeting of the boar
u of directors held after the filing of the arti
n Giles of Incorporation, and may be altered o
= | changed by a two-thirds vote thereof at ali
I annual or regultr meeting, provided how
ever, that before any amendment is submit
: ted for vote to the board of directors, thirt
tS0) days notice thereof be given to he sto *
holders by maiiu notice of such propose
change to them at their last known post
Office address. but such change shall noa i
any wise conflict with these articles of in
corporation
In witness whereof, we have herennto Sc
9 our hands and seals this 25th day of Deceu
L Der, a. D., 1900.
JONI D: ". VEEDER, SEAL