The Coconino sun., 1905-10-21
ARTICLES or INCORPORATION

That we, the undersigned. have this day asso ciated ourselves together, for the purpose O forming corporation under the laws of tn, Territory of Arizona, and do we hereby adop the following Articles of Incorporation | First: The names of the corporatorS are J. c | Powers, K. Powers and NJ. I. Powers.
 Second Tho name of this corporation shall be THE CITIZENS BANK.
 l Third; The principal place of transacting it's i bu 'tne's shal be Flagstaff Coconno County | Arizona; but it may from time to time establish ouces and places of business at such other pac s within or without the said Territory of | Arizona, aS the Board of Directors may see I |, nnd may hold meetings of stockholders' or directors at such places.
 i Fourth: The general nature of the business ! CT this corporation shall be that Of banking in all itS branches. including borrowing and loan ing money, buying. selling. discountin holding and dealing in all kinds of negotiable paper and securities, mortgageS and liens on real and per sonal property stocks and bond, munirpal. school, County, Territorial and State warran,s or certihcnt' Of indebtedness. and other Secur- itieS in writing; in bu ion and ores and in all evidences of debt, on good and sufficient Secur- ttN to be determined by the officers of the bank t1fth: The amount Of Capital stock of this corporation shall be Twenty Five Thousand t25UO) Dollars divided into two hundred and fifty tsSD shares, of One Hundred O0O) Dollars Hll lu ut NNtF~tfltN ana iuftN D ilu ilD be- fore this corporation shnll open for leneral business or receive deposits.
 sixth: The commencement of this corpora ton shall be on the date the incorporation is duly effected and completed by the filing Of these articles with the County Recorder of Cocoon no Cou ty. and copy thereof with the Auditor of the Territory of Arizona and shall continue for twenty-five Is5) years thereafter.
 seventh: The affairs of this corporation shall i,a taah hv tl, Fol, A Board Of Directors, consisting of not less than three (9 Stockhoder. President, Vice Presi- dent Cashier and such other officcrS as the Board of Directors may determine to each of whom may be delegated such powers and re SpcnSibilities as the Board of Directors Deter mine.
 Eighth: The Board of Directors shall be elected at the first annual meeting Of the stock holders, to he held on the first day Of July isOb, and annually on the sane day of each year thereafter. and shall hold their offices for one year and until their successors shall be elected unless otherwise ordered by vnte of the stockholders representing two thirds Of the Capital Stock of the corporation at special meeting, called for thu purpose; Provided, that if for any reason the annual meeting should not be held on said date 1t may be held on any subsequent date designated by strck- holders holding a majority of the stock
 Ninth: The Board of Directors shall elect and employ the President Vice President and Cashier, and make and adopt such bylaws for the regulation of the affairs of this corporation as they may deem proper not inconsi tent with these Articles and the laws of the Territory Of Arizona.
 Tenth; The above named J. c. Powers E Powers and M I. Powers shall constitute the Board of Directors of this Corporation until their success orS are regularly elected by the Stockholders Of this Corporation.
 Eleventh: The highest amount of indebted ness or liability to which this Corporation shall at any time subject itself except for the de. posits Of it's customers, Is Sixteen Thousand Five Hundred O65O0) Dollars
 Twelfth: The shares Of this Corporation shall be forever non. aSsesSable, and the private property Of the stockholders of this corporation shall be exempt from it's corporate debts of any kind whatsoever.
 1hirteenth Stock in this corporation shalt be transferable only on the books of the corpo- ration. and subject 10 the restrictions and con ditions set out in the bylaws of this Corpora tion.
 Fourteenth: These Articles Of Incorporation may be changed or amended at any time by n vote Of the stockholders owning not less than two thirds of the stock of the Association. IN WITNESS WHEREOF. we have hereunto subscribed our names this 2ith day of August, 1905.
 J. c. POWERS,
 E