Arizona republican., 1903-08-04

stracts of title. To guarantee or in sure to grantees the validity of titles in real estate transfers, at 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 Ii may deem necessary to acquire in the en- forcemento 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 9ll 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 puT- poses of the corporation, in carrying on a savings bank and savings and joan association, and in carrying on 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 corporation is One Hundred Thous- and Dollars ($100. G00.00) divided into one thousand O,00W shares of the par value of One Hundred Dollars (S100.00) 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 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 all 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 q president vice-president, secre- tary and treasurer. and the offices or 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 a Board of Directors, consisting of nine 60 stockholders, which Board of Directors shall be elect
 +;,, r,ft nRl- 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 stoo kholders, in each year, elect the following officers: A presl- dent and a vice president from among their number; d secretary and a treas urer: and may elect or appoint an ex- ecutive committee and such other otii- cers and agents as they may deter mine.
 Tho Board of Directors shall have the power to appoint such agents to aid in the mana cement of it's business and in conducting the affairs of the corpora ton 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 ofii- cers thereof, not inconsistent with the l Constitution and laws Of the United States and the laws of the Territory Of i 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 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:
 r. M. MURPHY, Director;
 F. B. GAGE. Director; r. w. PENETRATION. Director;
 l.. Fl. CHALMERS. Director; i FRANK r. ALKIRE, Director; II. J. McCLUNG, Director;
 NJ. C. McDOUGALL. Director; 1 A. N. GAGE. Director w. r. STAUNTON. Director. ARTICLE VII. ! The highest amount of indebtedness | or liability tq which this corporation l shall at any time subject itself. over | and above the amounts due depositors, is SiXty-Five Thousand Dollars ($65,- 1 O00.00)
 ARTICLE VIII.