Bisbee daily review., 1906-12-29

lin these articles are c. NJ. Lewis. V. U. Bagby and D. w. Griggs. Il.
 The said Corporation shall be known as the Warren District Bank. | tIl. The principal place of business of this corporation shall be at Bisbee. Cochise County. Arizona. but other places for the transaction of business may be designated and made. w.
 i The officers of the Corporation shall be Board of Directors. President and Vice-President. and such other officers as the regularly adopted Bylaws may name The Board of Directors shall consist of three members. who shall be elected annually at the annual meeting of the stockholders. the date of said annual meeting to be fixed by the Bylaws G. M. Lewis. V. J. Bagby and D. w. Griggs to constitute the first Board of Directors and to serve for one year or until their sue lcessors are elected and qualified. ".
 | The capital stock of this Corpora ton shall be Fifty Thousand Dollars (s5O. .000 00). divided into five hundred t500) shares of the par value of One Hundred Dollars (s100.00) each. one fifth of which must be issued and paid for in cash before the commencement of business. The issuance of other stock and the increase from time to time of the capital stock may be or dered by the affirmative vote of the majority of the stockholders. The private property of the members of this Corporation shall be exempt from all liability for corporate debts.
 VI.
 The general nature of the business iLroposed to be transacted is to dis count and negotiate promissory notes, drafts. bills of exchange and other ne lgotiable instruments: to receive de- lposits, payable on demand or other swise; to buy. sell and issue drafts and bills of exchange; to buy and sell gold dust. bullion. coin and currency of all kinds; to purchase. hold and con- Ivey bonds. securities, warrants and other evidences of indebtedness: to purchase hold and convey real and personal property: to make collec- tions and act as agent for any person. firm or corporation. to loan money on real and personal property or personal security, to take and hold stock. bonds, warrants and other evidences of owner ship or indebtedness as collateral se- curity, and generally to do any and all acts necessary or incidental to a general banking business. not incon- sistent with the laws of the Territory of Arizona. made and provided for the government of corporations.
 VII.
 The highest amount of indebted ness and liability. direct or contin- gent. to which this Corporation shall at any time subject itself, shall in no ease exceed two-thirds of the amount of the capital stock paid in, but the receiving of deposits, issuing certifi- cates of deposit, checks and bills of exchange and the like. shall not be construed to be the creation of debts within the meaning of this Article. The Board of Directors may require any of the officers or employees of the Corporation to execute a bond for the faithful performance of their duties, in such amounts and with such sureties as the Board of Directors may deter. mine.
 VIII.
 The duration of said Corporation shall be twenty-five years from the date of filing these Articles in the office of the County Recorder of Co. .chise County.
 IN WITNESS WHEREOF, We have hereunto set our hands this 9th day iof October. 1906.
 G. M. LEWIS. 1 V. J. BAGBY.
 D. w. GRIGGS.