The Coconino sun., 1905-10-07
ARTICLES or INCORPORATION.

ciated ourselves together, for the purpose o | forming n corporation under the laws of tht Territory of Ariz )na, and do we hereby udop, the following Articles of Incorporation | First: The names of the corporators are J. C. | 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 FlaRstan, Coconino County Arizona; but 1t may from time to time establish otfices and places Of business ut such other place k, within or without the said Territory ot Arizona, as the Board of Directors may see 1t. and may hold meetings Of stockholders or directors at such places.
 Fourth: The general nlture of the business of this corporation shall be that of n tnking in all it's 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 bonds, municipal. school, County, Territorial and State warran or certiticat' of indebtedness, and other secur- ities in writing; 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 5000 Dollars divided into two hundred and fifty (250) shares. of One Hundred :iOo) Dollars each, all to be subscribed and fully paid up be- 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 Coeonno 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 officer: A Board of Directors, consisting of not less than three (s) stockholder, a President, Vice Presi- lent, 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 nine
 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 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 q specl q 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 of Directors shall elect and employ the President, Vice President and Cashier, and make and adopt such by-la1 for the regulation of the affairs Of this computation as they may deem proper, not inconsiSteht 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 Hoard Of Directors of this Corporation until their successors are regularly elected by the Stockholders of this Corporation.
 Eleventh. The hfghaSt amount of indphtpd- ness or liability to which this Corporation shall at any time subject itself. except for the de- ptsits Of it's customers, is Sixteen Thousand Five Hundred O6500) 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 kiad whatsoever.
 'rhirteenth: Stock in this corporation shall he transferable only on the books of the corpo- ration, and subject to the restrictions and con ditions set out in the by-laws Of this Corpora tiOu.
 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
 E. POWERS,
 NJ l. POWERS. STATE OF Iowa. ss
 County of Franklin. sN