Arizona republican., 1903-03-19


 mortgage, hypothecate and deal in real estate and any and all kinds of personal property. mines, mining claims. oil lanes, leum. asbestos. salt, water and water rights and machinery, and to work, mine, explore operate and develop the same ing and mercantile business; to own. handle and control letters patent ana III. ventions and shares of capital stock oi other corporations; to borrow money ana execute notes, bonds. mortgages or deeds Of trust to 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- 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 do all things necessary to the proper con- duct of it's business in the United States of America, the Republic of Mexico and elsewhere.
 be transacted is as follows. to-wit:
 (a) To issue. discount, purchase. sell and negotiate letters of exchange, drafts checks and orders of all kinds payable in the Republic of Mexico or in foreign countries.
 als and to make advances on shipments of the same which are made through the company, for their sale in Mexico or f'( (cS 9'' To make advances on bills of lad. | ing covering merchandise or national
 which are in Maseo rom or fro foreien countries, also upon shares and | values of all descriptions.
 (d) To discount promiSSorv notes ana ali kinds of documents and titles of cred | it's payable in the Republic of Mexico. provided the date when they become que que, 1 does not exceed six months and that they are accepted by the board of directors: | (e) To keep a current account VII VIII the clients of the company, with or wish- fp To receive deposits from one dollar | upwards and to open check accounts. | (g) To make loans and discounts Witt collateral security upon ali kinds of val be approved by the board of directors
 to interest. with persons of weil-knto,w,sn, t,,s good standing, with Stipulation Una, such accounts must pc TOT R.. iixes S,a, to exceed six months, and with the con- dition that the debtor must sign the doc rment which the board of directors may | decide.
 | G) To act as attorney-in-fact and rep
 resentative of private parties, companies
 commercial institutions and companies oi | other characters.
 CD TO act as trustees of real estate
 personal property and all kinds or nusi . (lO To perform agents in the name
 of private Iar;es ana toeWt all kinds of private commissions; al
 kinds of commissions of. commercial
 nature the sale and purchase d Of houses aIne: security
 O TO act as administrators of estate
 fm) To receive as a voluntary depos
 all kinds of shares. bonds. titles of credit
 coins and precious metals or objects.
 (n) To give its guarantee to facilita t the discount or sale of promissory note
 or 1aximum oaGaGns term Mn'ca of fe0 sis months. @
 1 (o) To invest its capital and it's de posits in the purchase of real estate l foreign coins and precious metals. ant
 all kinds of public and private values government bonds and those issued b, the states and cities of Mexico, bonds IS , sued by banks, societies of commerc
 and commercial institutions which ca be immediately disposed of and ar
 quoted in the market of Mexico and a. a 1 those values and effects which are deter ,. purchase will be made. without the au y | thoritv of the board of directors.
 (p) To perform the service of Dayin
 interest payable in the Republic. of Mex ,, ico or abroad accrnng on bonds whic = state and municipal administrations an
 industrial, mining. agricultural and com
 mercial corporations.
 (q To collect in the name of privat
 parties, societies or public establishment
 and institutions. moneys due on all Kind q the values that may be delivered to i ,1 thus performing the service or a safe de u posit and bank in behalf of the priyat
 
 = ments and institutions. and doing ger = eral trust business. ' C) To take charge of the investmer , and collection of public subscriptions. . (s) To make the necessary arrange
 ments in the Republic of Mexico, as we
 abroad relating a to the henaa sale ssd and ci
 governments and private parties or on Ii e own account.
 IT (t) To accept bonds mortgages and a 'f kinds of securities to insure the obser' e ance of responsibilities and obligation g contracted in favor of the company, an
 in general to transact in its own nam
 in the names of others or with joint il
 terest, all kinds of banking operation
 or mercantile transactions. provided tt k term of all of the aforementioned ope
 ations as made with banks, merchant 4 manufacturers, proprietors and agricu turaists, does not exceed six m months das;+
 stock of this corporation shall be s
 million dollars. Mexican currency. Gt
 GOO, OOO divided into sixty thousand share
 of the par value of one hundred dollar
 Mexican currency &10O each. At sue
 time as the board of directors may @ be paid into this, corporation;, either d cash or by the sale and transfer to it H- real or personal property for the us,
 and purposes. of said corporation, in pa. (. ment for which shares of the caplt l stock of said corporation may be issue | and the capital stock so issued $ sha = thereupon and thereby become and |
 fully paid up and non-assessable, and
 the absence of actual fraud in the tram
 acuOn the 1uugment or the ulTectOrS Il to the value of the property purchase "a shall be conclusive There shall be u addition nine thousand (9.0O0) founder of shares, which shall be issued to an D. owned by the founders, their successor ', or assigns.
 - (. The time of the commencement { B. this corporation shall be the date Of u ee filing of these Articles of Incorporate l. in the office of the secretary Of ArizoI :, and the termination thereof shall '-, twenty-five years thereafter. This pc ,n iod may be renewed in further periods n twenty-five years perpetually. in con o- pliance with the provisions of law. oe '. The affairs of this corpora tion sha le be conducted by board of eight tS) a s rectors and a substitute for each direct' S' in case of necessity. which will d1re y, this company according to the provision s I h. of the bylaws. The first board ot q
 rectors shall consist of eight of the shar oI holders who are founders and Id, eight ish fn sn = tions with all the faculties conceded = the bylaws until the general meeting
 1904 elects a new board or re-elects tl
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