Arizona republican., 1903-08-02

stracts of title. To guarantee or in sure to grantees the validity of titles in real estate transfers, at a rate of compensation, and upon such terms and conditions as may be agreed upon. To lease, purchase, hold and convey not to exceed one acre of land all such personal estate as may be necessary to carry. on it's business, as well as such real and personal estate as it may deem necessary to acquire in the en- forcement or settlement of any claims or demands arising out of it's business transactions. and to execute and issue in the transaction of its business all ne cessary receipts, certificates and con tracts. which shall be signed by such person or persons as may be designat- ed by the bylaws of the corporation To do any and all acts and things per taining to or that may be connected with the purpose and objects above specified. or that may be necessary or convenient or useful to the main pur- poses of the corporation, in carrying on d savings bank and savings and joan association, and in carrying on a gen eral trust company business: and in addition to the foregoing to conduct d general banking business. ARTICLE ". The amount of the capital stock of this corpora ton is One Hundred Thous- and Dollars (S100,000.00). divided into one thousand Q.O00 shares of the par value of One Hundred Dollars (s10000) each.
 Twenty-Five thousand dollars of said stock shall be issued. subscribed and paid for before the time the corpora tion commences the transaction of any business except the election of it's officers and the opening of it's stock subscription book. The balance of the stock shall be issued at such time and in such amounts as the Board of Directors may determine, provided that all stock than par.
 ARTICLE V.
 The time of the commencement of this corporation shall be the date of the filing of these articles of incorporation in the office of the territorial au- ditor, and the termination thereof shall be twenty-five years thereafter.
 ARTICLE VI. The officers of this corporation shall be president. vice-president, secre- 
 secretary and treasurer may be held by one and the same person, and such oth CT officers as the Board of Directors shall from time to time determine.
 The affairs of this corporation shall be conducted by Board of Directors consisting of nine 60 stockholders, which Board of Directors shall be elect ed at the annual meeting of the stock holders to be held on the second Tues day of January in each year.
 The Board of Directors shall, at their first meeting following the annual meeting of stockholders, in each year. elect the following officers: A presi- dent and vice president from among their number; secretary and treas urer; and may elect CT appoint an eX- ecutive committee and such other off- cers and agents as they may deter mine. The Board of Directors shall have the power to appoint such agents to aid in the management of it's business and in conducting the affairs of the corpora tion as they may from time to time deem advisable. and may vest in such agents such powers as they may deem eXpedient.
 The Board of Directors shall also have power to establish bylaws and make all rules and regulations deemed eXpedient for the management of the affairs of this corporation and the off cers thereof. not inconsistent with the Constitution and laws of the United States and the laws of the Territory of Arizona.
 The following named persons. who are subscribers to the capital stock of this corporation. are hereby consti- tuted as directors of said corpora ton until the first annual meeting of the stockholders, to be held on the second Tuesday in January. 1904, and until their successors are duly elected and qualified. to- wit:
 F. M. MURPHY. Director:
 F.. B. GAGE, Director;
 T. w. PEMBERTON. Director:
 l.. H. CHALMERS. Director:
 FRANK T. ALKIRE, Director:
 H. J. McCLUNG. Director;
 M. C. McDOUGALL, Director;
 A. N. GAGE. Director:
 w. F. STAUNTON. Director.
 ARTICLE VII.
 The highest amount of indebtedness | or liability to which this corporation shall at any time subject itself, over l and above the amounts due depositors, | is Sixty-Five Thousand Dollars ($65,- OO0.OO).
 ARTICLE VIII. The Directors of this corporation