The Coconino sun., 1905-10-28
ARTICLES or INCORPORATION

| Indt we, tue unutTSlkntu, nave t0lS tity dSSO- ciated ourselves together, for the purpose Of forming a 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. 1 Powers, F. Powers and NJ. l. Powers. | Second: The name of this corporation shall be THE CITIZENS BANK. Third: The principal place Of tranSacting it's business shall be Flagstaff, Coconino County, Arizona; but it may from time to time establish offices and places of business at such other place \, within or without the said Territory Of Arizona, the Board of Directors may see fit, and may hold meetings of stockholders or directors at sush places.
 Fourth; The general nature of the business of this corporation shall be that Of banking in l all it's branches, including borrowing and loan ing money, buying, selling discounting, holding and dealing in all kinds of negotiable paper and securities, mortgages and liens on real and per sonal property, stocks and bonds, munich al, school, County, Territorial and State warrants, | or certificates Of indebtedness. and other secur- ities in wrting in bul ion and ores and in all evidences of debt, on good and sufficient secur- ity to be determined by the officers of the bank. Fifth: The amount of Capital Stock of this corporation shall be Twenty-Five Thousand (25,00O) Dollars, divided into two hundred and fifty (250J shares. Of One Hundred C00 Dollars each, all to be subscribed and fully paid up be- lore tnis corporation small open Tor general business or receive deposits. sixth: The commencement of this corpora tion shall be on the date the incorporation Is duly effected and completed by the filing Of these articles with the County Recorder of Cocon'n mo County. and copy thereof with the Auditor of the Territory of Arizona. and shall continue for twenty-five (25) years thereafter. seventh: The affairs of this corporation | shall ne conducted by the following onicer,: A Rnara n nifaetorS ennsisfinp 0f m ha three (3) Stockholder, President, Vice Pres- dent, Cashier and such other officers as the Board of Directors may determine to each Of whom may be delegated such powers and re- responsibilities as the Board of Directors Deter mine
 elected at the first annual meeting of the stock holders, to De held on the first day of July. 1906, and annually on the same day Of each year thereafter, and shall hold their offices for 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 a special meeting, called for that purpose: Provided, that if for any reason the annual meeting should not be held on said date, lt may be held on any subsequent date designated by stock holders holding majority Of the stock.
 Ninth: The Board of Directors shall elect and employ the President Vice President and tbSultT, huu uldkc anu AGOpt Nufn DN-laWS TOT the regulation of the affairs of this corporation as they may deem proper not inconsi,t tent with these Articles and the laws Of the Territory of Arizona.
 Tenth: The above named J. c. Powers. E. Powers and NJ I. Powers shall constitute the Board of Directors Of this Corporation until their success OTIS are regularly elected by the Stockholders Of this Corporation.
 Eleventh: The highest amount of indebted n f linbflitv which this (Orpprufinn shall at any time subject itself excep; for the de. positS of It's customers, Is sixteen Thousand Five Hundred U6,5oo) Dollars
 Twelfth: The shares Of this Corporation shall be forever non- aSsessable, and the private property of the stockholders Of this corporation kind whatsoever
 Thirteenth: Stock in this corporation shall be transferable only on the books of the corpo- ration and subject to the restrictions and con dtions set out in the bylaws of this Corpora tion.
 Fourteenth These Articles of Incorporation may be changed or amended at any time by 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,
 F. POWERS.
 NJ l. POWERS. STATE OF IOWA. m
 County Of Franklin
 Before me. A. W. Beed, Notary Public, in and for the County Of Franklin State Of Iowa, on this day personally appeared J. c. Powers and E. Powers, known to me to be the persons whose names are subscribed to the foregoing instrument, and acknowledged to me that they executed the same for the purposes and consd eration therein expressed.
 My Notarial Commission will expire on the 4th day Of July, 1908
 Given under my hand and seal of Ofiice this 24th day Of August. l9O5.
 A. w. BEED. Notafy Public. TERRITORY OF ARIZoNA.ls
 County of CocoDino.
 Before me, F. ". Perkins, Notary Public. in and for the County Of Coconno Territory Of Arizona on this day personally appeared M I.