Arizona silver belt., 1903-02-12
ARTICLES OF INCORPORATION
0f the Miners and Merchants Bank, Globe,
 Arizona

of Arizona pursuant to and in conformation with Chapter H. Title KILL Revised Statutes Of Arizona, of 1901, and to that end adopt the following articles of incorporation, to-wit;
 ARTICLE I.
 The names of the incorporators are T, A, PaScoe Geo w. P. Hunt, II. II. Bru, l.. E. Wightman, MD, J. R. Henry, Wm. H. Butler k, c, Sloan, N s. Berray, A. M Beal, ChaS T Martin, j SuteI, E. F. Kcllner Jr, W Fisk ], B, Newman, w. R. Rhoads, J. Il. PascOe Patrick Rose ]. M Alfred c. M. Layton, Free Hubbard and Wm. Stevenson and the name of the corporation shall be, MINERS AND MERCHANTS BANK" of Globe Arizona and the principal place in which the business of said corporation is to be transacted in tue Territory of Arizona is at Globe, County of Gila, Arizona, and at which place meetings of the Board of Directors of such corporation may be held, and the corporation may have such branch otilces or places within the Terri. tory Of Arizona as may be established by the Board of Directors
 ARTICLE H.
 The general nature Of the business proposed to be transacted by this corporation is as fol- lows To do general banking business, and in that connection to receive deposits loan money. invest and collect the same with in terest aud repay depositors with or without interest, to issue certificates Of deposits buy and sell exchange and to do all and every act requisite essential and necessary m and about the management and operation of general banking corporation; Co purchase lease, bond locate or control or otherwise acquire. own hold exchange, sell, or otherwise dispose Of or pledge, mortgage hypothecate and deal in real estate. franchises and any and an kinds Of personal property, mines, mining claims, pros poets placer ground, oil oil lands. mineral lands, gas asphaltum, petroleum, electricity, electric power, water water rights, coal and coal lands salt and salt mines or deposits, bo- rax deposits and machinery and to work, mine, explore, operate and develop the same; to es- tablish, operate and maintain salt plants saw mills, quartz stamp mills, concentrating and cyanide plants hydraulics and slulcing works. well drilling machinery and apparatus, storage tanks, retneres for metals minerals and oils. aSsaying plants, and tu erect, operate and maintain gas and gas works, electric lighting and powerplants water power; to construct, operate and maintain canals ditcheS, fumes pipe lines, reservoirs and water tanks to con. struct, operate and maintain tramways. street railways, railroads, wagon roads stages and stage lines to erect and conduct hotels lOdg- ing and boarding houses stores and other buildings to owp. sell handle and control let ters patent, trade marks and inventions; to accept and execute trusts Of any and every nature kind and description that may be com. mitted toit; tI attend In legal manner to the management and settlement of estates, guar dianships receiyerships, assignments and oth- CT trusts. whether under appointment Of courts or otherwise to net as administrator. eNecu- tor and guardian Of estates Co act as pledge holder attorney in fact, agent assignee, re- ceiver or trustee odo Q safe deposit bust. ness, to receive and keep in safe deposit vaults, or in other places Of safe keeping bonds. stocks notes, paper and valuabIcs Of every kind. and to collect and receive com pensatlon for such keeping; Co transfer. regis ter and cOuntersign stock bonds, or other eyi. dence of indebtedness to issue and sell de bentures, bonds secured by mortgages on real property or otherwise secured to receive on deposit or otherwise, trust funds Of money belonging to states, counties, cities and other municipal corporations and to deal herewith according to the law Of the Territory Of Ari- zona to nuy, sell and hypOthecate shares Of capital stock Of other corporations to borrow money and execute notes, bonds, mortgages or deeds of trust as evidence of such iudeht- edness and to secure the same Co accept notes bonds and mortgages pledges or other evidence of indebtedness from individuals or other corporations and to exercise in respect to all such bonds. mortgages, notes, pledges or other evidence of indebtedness and secur- tiles and obligations, any and all rights pow CTS and privileges Of individual owners there of, and in general to do an things necessary and requisite to the proper conduct Of the business Of this corporation. under the laws of the Territory Of Arizona, and the laws Of the United States of America
 ARTICLE III
 The authorized capital st ocl, o this corpor ation shall be twenty-five thousand dollars (S!5 O)O), divided into two hundred and fifty (?5U shares of the par value of one hundred dollars each, and transferable only on the books Of the company Said capital stock shall be paid into the corporation either in cash or by sale and transfer to 1t Of real or personal property for the uses ano purposes Of this corporation at such time as the Board of Directors may by resolution direct authorize and accept, and such payment, for which shares of capital stock of this corporation may be issued, and the capital stock so issued shall tbereupon and hereby become and he fully paid up and nonassessable and in the ab- sence of actual fraud in the transaction, the judgment Of the directors as to the value Of the property purchased shall be conclusive.
 ARTICLE ".
 The time of commencement of this corpora tion shall be the date Of the filing Of these Ar ticles of Incorporation in the office of the county recorder Of Cha County, In the Terrl- tory of Arizona and the termination thereof shall be twenty-five years thereafter with the privilege of renewal Of the said term for an additional period Of twenty-five years should the corporation by proper resolution so decide
 ARTICLE V.
 The affairs of this corporation shall be con ducted by a board of five directors, and the following named persons shall constitute the Board of Directors until their successors are elected:
 T. A. Pascoe residing at Globe, Arizona.
 c, W. P. Hunt residing at Globe, Arizona. J. H. Pascoe, residing at Globe, Arizona.
 l., E. Wightman, M. D., residing at Globe. Arizona.
 J. B, Henry, residing at Globe, Arizona
 Thereafter the Board of Directors shall be elected from among the stockholders, at the lime and in the manner which may be provld. ed by the bylaws of this corporation.
 ARTICLE VI
 The highest amount of indebtedness or lia.