Arizona republican., 1904-02-10

for on such terms as may be agreed upon; to act as agents for fire insur- ance, surety and other companies. and generally to act as agent for any per 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 Q 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; l 5th. to lease, purchase, hold and con- vey all such real and personal property as 1t 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 to acquire in the enforcement of settle ment of any claim or demands aris- | ing out of its business transaction. and to execute and issue in the transaction of its business all necessary receipts. certificates and contracts, which shali be signed by such person or persons ns may be designated by the bylaws of the corporations;
 9th. To loan money upon real estate and collateral security. and to execute and to issue its 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 elry money. stocks. securities, and other valuable and personal property. and to rent oIt the use of safes and other receptacles. upon such terms and for such compensation as may be agreed upon.
 1 1th. To accumulate and loan the | funds of its 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: 10 buy. oWn hold and sell all kinds of government. state. territory. municipal and other bonds. | and ali kinds of negotiable and nou- ! negotiable instruments. paper. stocks | and other securities.
 | Sth. To do any and all acts and things | pertaining to OF that may be connected with the purpose and objects above specified. or that may be necessary or l 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 [ iS20O. 0O0.OOl dollars divided into two | thousand (20OO) shares Of the par value of one hundred ($1OO) dollars each. One hundred and fifty thousand ! CS150. .OOC.OO) 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 O. ! this corporation shall be the date of the filing of these articles of incorporation with the auditor of the territory or Arizona. and the termination thereof shall be twenty-five years thereafter.
 ARTICLE VT.
 l The annual meeting Of stockholders shall be held at the office of the corpor- alton 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 shall be elected a board Of directors consisting of four 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. secrG- tary and. cashier. and the board of d;- rectors elected at each annual meeting shall immediately. or as soon as prac
 tical after their election. meet and elect such officers. The president, vice president and secretary shall be elected | from the members or the board Of directors The board of directors may create such offices as they from time to time determine and fill them by an election. and may elect or appoint an executive committee and such other of hcers 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 its busi-
 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 . expedient.
 ARTICLE VIII.
 Bylaws and all rules and regulations ! deemed expedient for the management 1 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 incorpoTa-
 tors and thereafter by the stockholders
 at any annual, or at any special meet ing called for that purpose.