Bisbee daily review., 1902-06-19

.. ne SSUeTdl udluTt Ol lut DuSl ness proposed to be transacted is to discount and negotiate promissory notes. drafts. bills of exchange and other negotiable instruments; to re ceiye deposits, payable on demand or otherwise; to buy. sell and issue drafts and bills of exchange; to buy and sell gold dust, bullion, coin and currency of all kinds; to purchase, hold and convey bonds, securities, warrants and other evidences of indebtedness of all kinds: to purchase, hold and convey real and personal property; to make collections and act as agent for any person, firm or corporation, to loan money on real or personal property or personal security, to take and hold stock, bonds, warrants and other evi- dence of ownership or indebtedness as collatera' security, and generally to do any and all acts necessary or in- cidental to general banking business, not inconsi stent with the laws of the territory of Arizona. made and pro- vided for the government of corpora tions.
 f. The amount of the capital stock of this corporation shall be fifty thou sanI (s50, 100000 dollars, divided into five hundred (500) shares of a par value of one hundred (s100.00) dollars each. all of which shall be paid in at the time of the commencement of this corporation.
 5 The time of the commencement Of this corporation shall be the first day of July. 1902 and such existence shall continue for period of twenty five ,25) years from and after said date
 6 The affairs of this corporation shall be conducted by a board of di- rectors. consisting of five stockhold- CTS. who shall be elected annually at the time and in the manner provided in the bylaws of this corporation. Said board of directors shall elect from their own number the following off lers: President. vice president and cashier The first board of directors shall be l.. C. ShattuCk. Joseph NJ. Muheim. l.. J. Overlook. Jacob Schmid and J. T. Hood. who shall hold office until their successors are elected and qualified. Any director ceasing to be q stockholder shall cease to be di- rector. and the board of directors shall have power at any time to fill vacan- cies therein.
 :. The highest amount of indebted ness and liability. direct or contin- gent. 10 which the corporation shall al any time subject itself shall in no case exceed two-thirds (2-3) of the amount of the capital stock; but the receiving of deposits. issuing certifi- cates of deposit checks and bills of exchange and the like shall not be con strued 10 be the creation of debts within the meaning of this article.
 $. The private property of the stock holders shall be exempt from any and all liability for corporate debts.
 In witness whereof, We have here unto set our hands this 11th day of June, A. D. 1902.
 L. C. SHATTUCK.
 JAKOB SCHMID.
 L. J. OVERLOOK
 JOSEPH Nj. MUHEIM.
 PETER JOHNSON,
 s. K. WILLIAMS,
 J. T. HOOD,
 Territory of Arizona
 County of Cochise.
 Before me, c, T. Clark, a notary pub lie in and for the said county and ter ritory on this day, personally appeard L. c. Shattuck, Jacob Schmid, l.. J. ofClloSh. Joccpn ctCl Johnson. s. K. Williams and J. T. Hood, known to me to be the persons whose names are subscribed to the foregoing instrument, and acknowl- edged to me that they executed the same for the purposes and considera- ton therein expressed.
 Given under my hand and official seal this 18th day of June, A. D. 1902. My commission expires the 4th day of November, 1905.
 Seal c. T. CLARK. Notary Public in and for the said county and territory.
 Recorders Ofice, Tombstone. Cochise
 County, Ariz. Filed and recorded at request of L. L. Overlook, June 12, 1902, at a. n. book ? Interpretations, pages 139, 140, 141. FRANK HARE.
 County Recorder.