Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1903-08-01

stracts of title. TO guarantee or in
sure TO grantees the validity of titles
in real estate transfers, at u rate of
compensation, and upon such terms
and conditions as may be greed upon.
To lease, purchase, hold and convey
not to exceed one acre Of land. ell 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 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
or Il 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 d
general banking business.
ARTICLE N.
The amount Of the capital stock OF
this corporation is One Hundred Thous-
and Dollars (si00, 0o0.0M. divided into
one thousand deco shares Of the par
value of One Hundred Dollars ($100.C0)
each.
twenty-five thousand dollars of said
stock shall be issued. subscribed and
paid for before the time the corpora
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 ard 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
fling 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 q 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 oth
er officers as the Board of Directors
shall from time to tine determine
The affairs of this corporation shall
be conducted by Board Of Directors,
consisting of nine CO. stockholders,
which Board Of Directors shall be elect
ed at the annual meeting of the stock
holders to be h@ld 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 kholders. in each year,
elect the following officers: A presi-
dent and "A vice-president from among
their number; q secretary and a treas
urer: and may elect or appoint an eX-
ecutive committee and such other Off
GERS and agents as they may deter
mine.
TIL Board of Directors shall have the
power 10 appoint such agents to aid in
the mana cement of its business and III
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 Off
I GERS 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 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, tu-Wit:
+ NJ. lfHpHY. Director;
=. =. GAGE. Director;
Y. w. PItAIUEETON. Director;
l.. II. CHALMERS. Director;
FRANK 7. ALKIRE,, Director;
II. J. McCLUNG. Director.
M c. McDOUGALL Director;
A. n. GAGE Director;
w. #. STAUNTON. 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 depositors,
! is SiXtyFive Thousand Dollars ESQ.,,
| G00.00).