The Arizona sentinel., 1907-08-07
OF INCORPORATION
 OF Home Savings Bank and Loan Company.
nv All Men hv Tbase proscnts.

Know All Men by These Presents: That we, the undersigned, have this day vol untarily associated ourselves together for the purpose of forming d corporation under the laws of the Territory of Arizona and to that end we do hereby certify and adopt the follow ing articles of incorporation:
 ARTICLE l.
 That the names of the incorporators of this corporation arc E. c. Caruthers. John Gandol- fo, M. J. Nugent J. " Darlington and A. ModeSti.
 ARTICLE II.
 That the name of this corporation is and shall be Home Savings Bank and Loan Com pany, and that it's principal place of transact ing business shall be at the Town of Yuma, County of Yuma, Territory of Arizona. ARTICLE IT,
 That the general nature of the business pro- ! posed to be transacted by this corporation is that of a savings bank and loan association and of accommodating, loaning and investing the | funds of it's stockholders and depoSitors to re- c9ive money on deposit and loan and invest the same, with interest, and to repay depositors, with or without interest, as may be agreed | upon, and to do a general banking business. and said corporation shall also have the power and authority to act as trustee for the issue of bonds ana mortgages for persons companies or corporations for the purpose of borrowing money.
 ARTICLE ". That the amount of the ca nital stock author ized and the times when and conditions npon which it is to be paid in, shall be as follows: The capital stock of this corporation shall be Fifty Thousand Dollars (S5o,OOo) divided into Five Hundred (5OO) shares of the par value of One Hundred Dollars (slOO) each, and fifty t5O) per cent of said capital stock shall be sub- scribed and paid in at it's par value before this corporation shall commence business, and the remainder of said capital stock shall be held in reserve by said corporation until the Stockhold CTS of this corporation at regular annual meeting thereof, or at a special meeting called | for that purpose. shall, by a majority vote of the stock represented at said meeting, author | ize that the same may be subscribed and paid in and when snch action shall have been taken | by the stockholders said stockholders shall have the first right to subscribe therefor and | own of the capital stock already paid in. And when said capital stock shall all be subscribed it shall be fully paid up and at price not less | than par.
 | ARTICLE V. | That the time Of the commencement of this corporation shall be the date of filing certified copy of these articles of incorporation in the office Of the auditor of the Territory ofvAriZona and paying in fifty (50) per cent Of said capital stock, and the termination thereof shall be twenty five years thereafter, unless said corpo- ration shall be further extended as provided by | law.
 | ARTICLE VI
 That the affairs Of this corporation shall be conduc ted by board of directors, consisting of not fewer than five nor more than nine persons who shall be stockholders of this corporation which board of directors shall be annually elected from among it's stockholders on the sec ond Tuesday of January in each year hereafter, at the hour of ten o'clock in the forenoon Of said day, but if no election be held on that day l it may be held at some later date by special meeting called for that purpose The board of directors shall at their first meeting in each | year, which meeting may be on the same day | as the annual stockholders meeting, elect from among their number president and vice -presi dent; they shall also at tho same meeting elect ! d cashier and secretary, provided that the 1 cashier and secretary may be ono and the same person; and the board of directors may appoint such other officers and agents they may de termine. The directors and officers of this cor poration shall hold their offices for one year and until their successors arc elected and quail flied. Provided, however. that the board Of directors shall have the power to remove at any time any of the officers or agents appointed l by or elected by them, and the board of direct ors shall have the power to fill any vacancy either in their own number or that of any of the offices of this corporation. The following named persons, who are subscribers to the cap 1 ital stock of this corporation, are hereby ap- pointed directors Of said corporation until the | first annual meeting of the stockholders, which shall be held at the office of the company in the Town of Yuma, Arizona on the second Tuesday in January, 1908, to-wit: F. G. Caruthers, John A, ModeSti. And F. C.. Caruthcrs shall be pres ident M. J. Nugent vice-president, and Henry M Gapdono, cashier and secretary, who shall hold their offices until the first annual meeting of the stockholders of this corporation, unless sooner removed by tho board of direct DTS.
 | ARTICLE VII. The highest amount of indebtedness or Iia bility 10 which this corporation is at any time to subject itself, over and above the amount due aepositors, is Si5,ooo.OO.
 | ARTICLE VIII.
 The private property of the stockholders of this corporation shall be exempt from the debts or liabilities of this corporation. | ARTICLE K. l As soon pfacticabls after the fling of these articles in the office oi tbe auditor of tLe Terri tory of Arizona, the persons named herein as directors shall meet and organize the board of directors and shall adopt bylaws and may prescribe in said by laws the methcd of calling meetings of the board of directors and stock i holders. And at any meeting cf inc board of directors majority of such beard shall consti- l tutc quorum to transact business; and any meeting at which quorum is present shall be | a regular meeting and shall have the same ! thority as a full board, whether notice of the meeting shall have first been given to the ab- sent members or not .a1 ARTICLE \.
 cd at any annual meeting of the stockholders, or at any special meeting thereof when cllled 1 fer that purpose, if majority vote in favor of