The Coconino sun., 1905-09-30
ARTICLES or INCORPORATION

KNOW ALL MEN BY THESE PRESENTS: That we, the undersigned have this day asso- ciated ourselves together for the purpose of forming corporation under the laws of the Territory of Arizona, and do we hereby adopt the following Articles of Incorporation
 First The names Of the corporators are J. c. Powers, F. Powers and M. I. Powers
 Second: The name Of this corporation shall be THE CITIZENS BANK Third: The principal place of transacting it's business shall be Flagstan, Coconino County. Arizona; but it may from time to time establish offices and places of business at such other. places, within or without the said Territory of Arizona, us the Board of Directors may see 1t, and may hold meetings of stockholders or directors at such places.
 Fourth: The general nature Of the business of this corporation shall be that of banking in all It's branches. including borrowing and loan ing money. buying. selling discountin 2, holding and dealing in all kinds ot negotiabe paper and securities, mortgages and liens on real and per sonal property, stocks and bond, municipq', school, County, Territorial and State warrau or certitcat of indebtedness. and other secur- ities in writing in bul ion and ores and in all evidences of debt, on good and sufficient secur- tty Co be determined by the officers of the banS. Fifth: The amount Of Capital Stock of this corporation shall be Twenty Five Thousand (s5,0o0 Dollars, divided into two hundred and fifty (s30) shares, of One Hundred u0o) Dollars each, all to be subscribed and fully paid up be- fore this corporaA jon shall open for general business or receivd3ieposits. Sixth: The com &encemenL of this corpora- tion shall be on th4 date the incorporation s duly effected and Completed by the filing ot these articles wi@ the County Recorder Of CocoDino County, fhd copy thereof with the Auditor of the Tetfitory of Arizona. and shall continue for twenty-five (25) years thereafter.
 SeVenth. Tho8 affairs of this rornornttnn shall 6\ eonducHd by the following officer: A Board oA ADirectors, consisting of not less than three t9 ttocfholde President, Vice Pres- dent, CasAieF and such other officers as the Board Of DNcctors may determine to each Of whom may " delegated such powers and re spcnsibilitieSps the Board Of Directors Deter mine.
 Eighth: The Board Of Directors shall be elected at the first annual meeting of the stock holders, to be held on the first day of July. 1906. and annually on the Sape day of each year thereafter, and shall hold their offices tor one year and until their successors shall be elected unless otherwise ordered by vote of the stockholders representing two thirds Of the Capital Stock of the corporation at speci T meeting, called for that 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 stock holders holding majority of the stock.
 Ninth: The Board or Directors shall elect and employ the President Vice President and Cashier. and make and adopt such hy-lawS 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, F. Powers and M I. Powers shall constitute the Board of Directors of this Corporation until their successors are regularly elected bS tie Stockholders of this Corporation.
 Eleventh: The highest amount Of Indehie'- ness or liability to which this Corporation sh all at any time subject itself, except for the de. posits of it's customers is Sixteen Thousand Five Hundred n65OO) 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.
 Thlrteenth Stock in this corporation shall be transferable only on the books Of the corpo- ration, and subject to the restrictions and con- ditions set out in the bylaws of this Corpora ton.
 may be changed or amended at any time by q 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 gath day of August, 1905.
 E. POWERS.
 Nj l. POWERS.
 STATE OF IOWA. ss
 County of Franklin.
 Before me A. w. Beed. Notary Public in