Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1903-07-31

sure to grantees the validity Of titles
in real estate transfers, at i rate OF
compensation, and upon such terms
and conditions as may be agreed upon.
To lease. purchase, hold and convey
rot to exceed one acre of land, ell such
personal estate as may be necessary to
carry on its 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 its 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-
tanning 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 savings bank and savings and loan
association. and in carrying on a gen
eral trust company business; and in
addition to the foregoing to conduct a
=
ARTICLE ".
The amount Of the capital stock of
this corporation is One Hundred Thous-
ard Dollars (SiOO.000.GO) divided into
one thousand $1,000 shares of the par
value of One Hundred Dollars (S100G0)
each.
Twenty-Five thousand dollars of said
stock shall be issued, subscribed and
paid for before the time the coNora-
ton commences the transaction OF
any business except the election
OF its officers and the opening of
its 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 ali stock
shall be sold for cash at not less
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 tweny- five years thereafter.
ARTICLE VI.
The officers of this corporation shall
be a president. vice-president. secre-
tary and treasurer. and the offices OF
secretary and treasurer may be held by
one and the same person, and such otp
er 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 90 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 stoC khoiGers. in each year.
elect the following officers: \ presi-
dent and a Nice-president from among
| their number: Il secretary and a treas
urer: and may elect or appoint an eX-
ecutive committee and such other otIi-
GERS 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 i'll
conducting the affairs of the corpora
ton as they may from time 10 time
deem advisable, and may vest in such
agents such powers as they may deem
eXpedient.
/ The Board. CT Directors shall also
have power to establish bylaws and
make all rules and regulations deemed
expedient for the management of the
affairs Of this corpora ton and the Off
! GERS thereof. not inconsistent with the
/ Constitution ana laws OF the United
I 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 corporation
until tho first annual meeting of the
( stockholders to he held on the second
! Tuesday in january, 1904. and until
! their successors are duly elected and
qualified, tG-Wit:
r NJ. MURPHY. Director;
f.. r.. GAGE. Director:
T. w. PEMBERTON. Director;
L. II. CHALMERS. Director:
FRANK =. ALEIRE. Director:
H J. McCLUNG. Director.
N. c. McDOUGALL. Director;
\. y. GAGE. Director:
w T. STAIFNTON. Director
ARTICLE VII.
/ The highest amount of indebtedness
! or liability to which this corporation
shall at any time subject itself, over
and above the amounts due depostors,
is SiXty-Fivc Thousand Dollars &C.,
! 100000.
AETICLE VII.