Arizona republican., 1904-02-11

son, or corporation in the transaction of any lawful business:
 3d. To accept and to execute the office of executor, administrator, trus- tee, receiver or. assignee. or guardian of any minor, incompetent person. luna tic, or any person subject to guardian ship, and to act in any other fiduciary capacity;
 4th. To examine titles and make and certify abstracts of title, to guarantee or insure to grantees the validity of titles in real estate transfers. at a rate of compensation. and upon such terms and conditions as may be agreed upon;-
 5th. to lease, purchase, hold andNcon- vey all such real and personal property as it may deem advisable, or as may be necessary to carry on it's business, as we'll as such real and personal prop erty as it may deem necessary to acquire in the enforcement of settle ment of any claim or demands aris- ing out of it's business transaction. and to execute and issue in the transaction of it's business all necessary receipts. certificates and contracts, which shall be signed by such person or persons as may be designated by the bylaws of the corporation;
  and collateral security, and to execute and to issue irs notes and debentureS. payable at a future date, and to pledge Its mortgages on real estate and other securities as security therefor: to take and receive from any individual or cor poration, on deposit for safe keeping and storage, gold and silver plate, jew eiry money, stocks. securities. and other valuable and personal property and to rent out the use of safes and other receptacles, upon such terms and for such compensation as may be agreed upon.
 7th. To accumulate and loan the funds of it's members. stockholders and depositors, and the funds of the cor poration; to receive deposits of money, loan, invest and collect the same with interest and repay depOsitors with or without interest; to receive moneys in trust or on deposit and to accumulate or loan the same at such rate of inter- est as may be obtained or agreed upon and to allow such interest thereon as may be agreed upon; to buy, own, hold and sell all kinds of government, state. territory, municipal and other bonds and ali kinds of negotiable and non negotiable instruments, paper stocks and other securities.
 Sth. To do any and all acts and things pertaining 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 on a general banking and trust company business.
 ARTICLE ".
 The amount of capital stock of this corporation is two hundred thousand is2O0, 100000 dollars divided into two thousand (2,0OO) shares Of the par value of one hundred (S1OO) dollars each. One hundred and fifty thousand (S15O, ,OO0.0O) dollars of said stock shall be subscribed, paid for and issued be- fore the corporation commences the transaction of any business other than it's own organization; the balance of said capital stock shall be issued at such times and in such amounts as the board of directors may determine: provided that all stock shall be sold for a price not less than par and be paid for in cash or it's equivalent in real or per sonal property.
 ARTICLE V.
 The time of the commencement Of this corporation shall be the date of the filing of these articles of incorporation with the auditor of the territory of and the termination thereof shall be twenty-five years thereafter.
 ARTICLE VT.
 The annual meeting of stockholders | shall be held at the office of the corpor- ation in the city of Phoenix, territory of Arizona. on the second Tuesday in December of each year at ? o'clock in the afternoon, of which every stock holder will hereby take notice; at which meeting there shah be elected q board of directors consisting of four persons who shall be stockholders and l who shall hold office for one year or until their successors are duly elected l and qualified.
 The officers of this corporation shall be a president. vice. president, secre- | tary and cashier. and the board of d. rectors elected at each annual meeting |. shall immediately. or as soon as pTac- | tical after their election. meet and | elect such officers. The president, vice | president and secretary shall be elected | from the members of the board Of | directors. The board of directors may | create such offices as they from time lO llile uGlGIIlllle anu III lHelll Dy all 1 election. and may elect or appoint an | executive committee and such other of fcers and agents as they may deter i mine.
 ARTICLE VII.
 The board of directors shall conduct ! the affairs of the corporation and shall ! have the power to appoint such agents to aid in the management of it's busi- ness and in the conducting of the af- fairs as they may from time to time | deem advisable. and may vest in such i agents such powers as they may deem expediCnt.
 ARTICLE VIII.
 Bylaws and all rules and regulations deemed eXpedient for the management | of the affairs of this corporation and | the officers thereof not inconsistent | with the laws of the United States and | the laws of the territory of Arizona | shall first be made by these incorpora tors, and thereafter by the stockholders | at any annual, or at any special meet ing called for that purpose,