Bisbee daily review., 1902-06-26

Overlook, Joseph M. 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
 
 personal security, to take and hold stock, bonds, warrants and other evi- 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, no. 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 ts50,00000) dollars, divided into five hundred t500) shares of a par value of one hundred ($10000) dollars each, all of which shall be paid in 2t 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 t25D years from and after said date
 6. The affairs of this corporation shall be conducted by board of di- rectoTs, consisting of five stockhcld- 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 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 stockholder shall cease to be ii- rector, and the board of directors shall have power at any time 10 fill vacan- cies therein.
 2. The highest amount of indebted ness and liability. direct or contin- gent. to 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 certif- oates 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.
 s. The private property of the stock holders shall be exempt from any and all liability for corporate debts. In witness ~nereof. we have here unto sea vur 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, notary pub ] Jc ID and for the said county and ter ti-cfy CD this day, personally appeard L. C. ShattucE, Jacob Schmid, L. J. Overlook, Joseph M. Muheim. Peter Johnson, s. K. Williams and J. T. Hood, known 10 me to be the persons whose names are subscribed to the instrument, and acknowl- ! edged 10 me thar they executed the same for the purposes and considera- ton therein expressed. Given under my hand and official seal this l2th day of June, A. D. 1902. i My commission expires the 4tb day Of November. 1905. tSeal.l 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, 1z1. FRANK HARE.
 County Recorder.
 SOUTHERN PACIFIC co. Reduced rates San Francisco and re- rf hfnnnio1