Arizona republican., 1903-03-20

explore operate and develop the same: to do a general real estate manufactur- f ing and mercantile business: to oWn handle and control letters patent and in- Ventions and shares of capital stock or l execute notes. bonds. mortgages or deeds | of trust 10 secure the same. and to eX- ercise in respect of all such bonds; mort gages. shares of capital stock and other, | securities and obligations any and all rights, powers and privileges of individ- ual owners thereof, Including the right | to vote upon any shareS of stock held by | it to the same extent that a natural per son might or could do; and in general to i duct of it's business in the United States i of America, the Republic Of Mexico and 1 elSewhere.o
 The special nature of the business to be transacted is as follows. to-wit:
 (a) To issue. discount, purchase. sell and negotiate letters of exchange drafts. i checks and orders of all kinds, payable in the Republic of Mexico or in foreign countries.
 (b) To purchase and seu precious met als and to make advances on shipments of the same which are made through the company, for their sale in Mexico or
 (c5 To make advances on bills of lad; ing covering. merchandise or natlonal
 products which are. shipped from one
 market to another in Mexico: or from foreign countries also upon shares and values of all descriptions.
 (d) To discount promssorv notes and all kinds of documents and titles of cred it's payable in the Republic of Mexico.
 does not eXceed six months and that they
 are accepted by the board of directors. | Gel To keep a current account with the clients of the company, with or wl,h- out advancementS.
 , f) To receive deposits from one collar upwards and to open check accounts. (g) To make loans and discounts Witn
 collateral security upon all kinds of val : ues and commercial effects. which may be approved by the board of directors | h) To open current accounts subject to interest with persons of well-known nn1 ctsl ln(i r such accounts must he for fixed
 amount 10 be settled within a term not T dition that the dehtor must sign the doc f rment which the board of directors may decide.
 | resentative of private parties. companies;
 mining corporations, agricultural and : commercial institutions and companies or
 other characters.
 = ID TO act as trustees of real estate.
 personal property and all kinds of busi-
 dE) To perform as agents in the name 10 of private parties. societies and com J. all kinds of private commissions: all
 kinds of commissions of commerclal . nature: the sale and purchase Of houses ,e forms. haeiendas, properties and value: :. of all kinds; to loan money on mortgage t. security. ,t O To act as administrators of estate > (n,) To receive as voluntary denosi a,!na;t
 all kinds of shares. bonds. titles or credlt ,a coins and precious metals or ohiects. ed mY To give it's guarantee to facilitat 10 the discount or sale of promissory note ttte or oblgations which become due Wlthll k maximum term of six months.
 y (o) To invest its capital and it's de le uosits in the purchase of real estate su If all kinds of public and private values
 government bonds and those lSsuen D D - the states and cities of Mexico. bonds is o- sued by banks, societies Of commerc ly and commercial institutions which ca d. ouoted in the market of Mexico and a
 those values and effects which are deter nd mined by the e, eomDa5nys hHiawf; hoat fb ,> N eE thoritv of the board of directors or (p) To perform the service of nayln o interest payable in the Republic of Mex s' ico or abroad accruing on bonds it whic
 may have been issued by goNernment' -7 state and municipal administrations an
 mercial cornorationS
 . Co To collect in the name of privat - parties societies CT public establishment
 and institutions, moneys due on all kind
 of documents and to keen in its vault .t9 the values that may be delivered d to to d, | ,h. posit and a bank in behalf of the Driva1 ,se parties. societies or public establish ~ mentS and institutions and doing gel
 eral trust business.
 -, n) To take charge of the investnne1 ds. (s) To make the necessary arrang -',' ments in the Republic of Mexico, as we ehi as abroad. relating to the sale and cI ird culation of shares and bonds issued !
 governments and private parties or on l ct (D To accept bonds mortgages and a a,, kinds of securities to insure the obser all ance Of responsibilities and obligation
 contracted in favor of the company, al - in general to transact in it's own nam te- in the names of others or with a joint |
 terest. all kinds of banking operation1 - or mercantile tranSa ctionS. provided u in: term of all of the above-mentioned, opee ,m ations made with banks, merchant
 manufacturers. rroprietors and agrict - turalists. does not exceed six months ids 5 The authorized amount of capit mt stock of this corporation shall be s % million dollars. Mexican currency. G H. 00J0oW divided into sixty thousand shar i've of the par value of one hundred dollal
 Mexican currency G1osl eacn. At su,,
 time as the board of directors may . resolution direct said capital stock shs
 be paid into this corporation, either
 cash or by the sale and transfer to it
 real or personal property for the us +1 and purposes of said corporation. in pa 'ei ment for which shares of the capit
 stock of said corporation may be issue
 and the capital stock so issued shs l0'l thereupon and thereby hecome ard ing fully paid tip and non-assessable, and is the absence of actual fraud in the tran - action the, judgment of the directors 'rs. to the, value of the property purchas ;ne, addition nine thousand @,OOO founder HE shares. which shall be issued to al no owned by the founders, their successo IVY or assigns
 Inf 6. The time of the commencement u-i this corporation shall be the date of t the filing of these Articles of Incorptorati
  - and the termination thereof shall iS- twenty-five years thereafter. This ne ,ide jed may be. renewed in further periods ,se ! twenty-five years perpetualiy. in col
 p1anoe with the provisions of law lu- T. The affairs of this corporation sh; nps be conducted by a board of eight l9 De- rectors and substitute for each direct
 in case of necessity. which will dlre
 this co.nnany according to the provisio
 of the bylaws. The first board ct ,me rectcrs shall consist of eight or the shal ~, holders who are founders and eight st tue stitutes. They will exercise all the f,lr ok tions with all the faculties conceded +r,a the bylaws until the general meeting '1 1904 elects 2 new board or re-eiects |
 old one. The board of directors ,, elect . at the general meeting in 1904 will
 elected for three years according to 5. provisions and conditions or the by-laN ~ s. The highest amount of indebtednt or liability. direct or contingent to whi
 this corporation is at any time subj NY shall be wo-thirds the amount of
 capital stock but as provided by Sect
 SoG, Chapter s, Revised Statutes of A ES- zona for 1901. the said indebtedness J1