Bisbee daily review., 1902-06-21

tory of Arizona, and We do hereby certify and adopt the following articles of incorporation:
 l. The names of he incorporators are l.. c. Shattuck, Jacob Schmid, l.. J. Overlook, Joseph Nj. Muheim, Peter Johnson, s. K. Williams and J. T. Hood, all of the city of Bisbee, County of Cochise, Territory of Arizona. 2. The name of said corporation shall be Miners and Merchants Bank. and its principal place of tran sacting business shall be at the City of Bisbee, county of Cochise, territory of Arizona, but may have branches at such other places as the board of di- rectors may from time to time direct. 3. The general nature of the busi ness proposed to be transacted is to discount and negotiate promissory notes, drafts, bills of exchange and other negotiable instruments; to re- ceive 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 eyi- dence of ownership or indebtedness as collateral security and generally to do any and all acts necessary or in- cidental to a general banking business, not inconsistent with the laws of the territory of Arizona. made and pro vided for the government of corpora tions.
 1. The amount of the capital stock of this corporation shall be fifty thou sand (s50.000.00) 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.
 ,. 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 IOttOlSs NOHSlSltHS Ot hNt 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 cers: President, vice president and cashier. The first board of directors shall be l.. .. Shattuck. Joseph M Muheim, l.. J. Overlook, Jacob Schmid ho ho hold until their successors are elected and qualified. Any director teasing to be a stockholder shall cease to be a ii- 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, to which the corporation shall at 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 to be the creation of debts within the meaning of this article.
 s. 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, 4. D. 1902.
 l.. c. SHATTUCK.
 JAKOB SCHMID,
 L. J. OVERLOOK,
 JOSEPH M. MUHEIM,
 PETER JOHNSON,
 s. K. WILLIAMS. J. T. HOOD,
 Territory of AriZona County of Cochise Before me, c, T. Clark. notary pub- lie in and for the said county and ter ritory on this day, personally appeard L. c. Shattuck, Jacob Schmid, l.. J. Overlook. Joseph NJ. Muheim, Peter 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 12th 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 Office, Tombstone. Cochise County, Ariz.
 Filed and recorded at request of l.. L. Overlook, June 12, 1902, at a. m. book Interpretations, pages 139 140. Al. FRANK HARE. County Recorder.
 
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