Arizona republican., 1904-02-12

l --f W eN~N CD eteS GllNS AOA III C HIS UT ance, surety and other companies. and generally to act as agent for any per
 son, or corporation in the transaction of any lawful business:
 37. To accept and to execute the i office of executor, administrator. trus- Rtee, 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 fduciary capacity;
 | 4th| To examine titles and make and certify abstracts of title, to guarantee l 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, 1 9th. to lease, purchase, hold and con- vey all such real and personal property as it may deem advisable, or as may be necessary to carry on it's business, as well as such real and personal prop erty as it may deem necessary 10 acquire in the enforcement of settle mert of any claim or demands aris- | ing out of it's business transaction, and to execute and issue in the transaction of its 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:
 9th. To loan money upon real estate and collateral security. and to ,ecute and to issue it's notes and debentureS. payable at Q future date. and to pledge l it's mortgages on real estate and other securities as security therefor: to take and receive from any individual or cor poTatiOn, on deposit for safe keeping ! and storage. gold and silver plate. jew elrY. money, stocks. securities, and other valuable and personal property and to rent oIt the use of safes aui 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 late of inter- est as may be obtained or agreed upon. | and 10 allow such interest thereon as may be agreed upon: to buy, own, hold land sell all kinds of government, state. territory. municipal and other bonds. land all kinds of negotiable and non negotiable instruments, paper, stocks and other securities.
 l Sth. To do any and all acts and things i pertaining to or that may be connected with the pGrDose and objects above | specified. or that may be necessary O.. fConvenient or usefnl to the main pur- 1 poses Of the corporation, in carrying or Ia general banking and trust company i business
 ARTICLE ".
 ! The amount Of capital stock of this lCorporation is two hundred thousand ! is2OO. .OOO.0Ol dollars divided into two thousand (2,000) shares Of the par value of one hundred (S10O) dollars each. One hundred and fifty thousand ! ltS15O. .CO0.0G) dollars of said stock shall ! be subscribed. paid for and issued be- fore the corporation commences the transaction of any business other than ] its own organization; the balance of said capital stock shall be issued at such times and in such amounts as the bOarl ! of directors may determine; provided that all stock shall be sold for a price 1 not less than par and be paid for in ! cash or It's equivalent in real or per isonal property.
 ARTICLE V.
 I 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 i Arizona. md the termination thereof
 ARTICLE VT.
 The annual meeting of stockholders shall he hold 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 taEp notice; at which meeting there shall be elected 8 board. of directors consisting Of four i persons who shall be stockholders and who shall hold office for one year or
 until their successors are duly elected and qualified.
 The officers of this corporation shall ! be a president. vice president, secre-
 tary and cashier. and the board of di- rectors elected at each annual meeting shall mmeCiately. or as soon as prac- ] tical after their election. meet and elect sucn officers. The president, vice president and secretary shall be elected
 from the members of the board ot directors The board oc directors may create such offices as they from time to time determine and fill them by an election, and may elect or appoint ar executive committee and such other of fcers and agents as they may deter
 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 busl- ness and in the conducting of the af-
 fairs as they may from time to time deem advisable, and may vest in such
 agents such powers as they may deem i eXpedient.
 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