The Coconino sun., 1905-10-14
ARTICLES or INCORPORATION.

l hNoW ALL MEN bf III tsob I'hESENlS'
 That we, the undersigned have this day asso-
 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.
 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, Cooonino County
 Arizona; but 1t may from time to time establish | on1ces and places Of business at such other plac' <, within or without the said Territory of
 Arizona, as the Board Of Directors may see 1t, and may hold meetings of stockholders or directors at such places
 l 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, dscountin z, holding and dealing in all kinds of negotiable paper and securities, mortgages and liens real and per sonal property stocks and bond, municipal, school, County, Territorial and State warran's or certificate of indebtedness and other secur- ities in writing; in bullion 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 | (25,000) Dollars, divided into two hundred and fifty (25o) shares, Of One Hundred UOOl Dollars taShf uil tO ut SuUSCTlDtu anu tullN pau up Dt- fore this corporation shall open for 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 Coconino County and a 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 be conducted by the following oricer>: A Board of Directors consisting Of not less than | three (3) stockholder, a 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.
 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. | 1908, and annually on the same 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 ,l meeting, called for that purpose: Provided, that If for any reason the annual meeting should notbe held on said date. 1t may be held on any subsequent date designated by strck- holders holding majority of the stock. Ninth: The Board of Directors shall elect ' huu tiupio1 i-FtSiucHt. Fltt IEtNlutnL Cashier and make and adopt such by-lawS for the regulation of the affairs of this corporation as they may deem proper, not inconsistent with these Articles and the laws Of the Territory Of Arizona.
 Tenth: The above named J. c. Powers, E Powers and M. l. 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 C650O 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.
 Thirteenth: 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 tion
 Fourteenth: These Articles Of Incorporation 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 2Ith day of August, 1905.
 K. POWERS, MI. POWERS. STATE or IOWA. ss
 County of Franklin.
 Before me. A. W. Beed, a 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 consid eration therein expressed.
 | My Notarial Commission will expire on the l 4th day of July, 1906.
 Given upder my hand and seal of Ofice this