The Arizona sentinel., 1907-08-14
ARTICLE ".

ARTICLE ". | That the amount of the capital stock author ized and the times when and conditions upon which it is to be paid in, shall be as follows: The capital stock of this corporation shall be Fifty Thousand Dollars (S5O,0CO) divided into Five Hundred (5O0) shares of the par value of One Hundred Dollars (SlOO each, and fifty (5O) 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 a regular annual meeting thereof, or at special meeting called for that purpose, shall, by majority vote of tho 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 for the same amount that they shall each then 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 d certified copy of these articles of incorporation in the office of the auditor of the Territory of Arizona, and paying in fifty (5O) 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 VT
 That the affairs of this corporation shall be conducted 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 tbat day 1t 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 Il president and vice -presi- dent; they shall also at the same meeting elect a cashier and secretary provided that the cashier and secretary may be one and the same person; and the board of directors may appoint such other officers and agents as they may de termine. The directors and officers of this cor
 
 and until their successors are elected and dual- flied. Provided, however. that the board of directors shall have the power to remove at | any time any of the officers CT agents appointed l by or elected by them, and the board of direct DTS shall have the power to fill any vacancy, either in their own number or that of any of i the offices of this corporation. The following named persons, who are subscribers to the cap- | 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: E. G. Caruthers. John | Iandolfo, M. J. Nugent, J. w. Darlington and A, Modesti. And E. G. CarutherS shall be pres dent M- J. Nugent vice-preSident, and Henry GandolfO, cashier and secretary who shall hold their offices until the first annual meeting of the stockholders of this corporation, lniesS sooner removed by the board Of direct )rS.
 ARTICLE VII.
 The highest amount of indebtedness or lia Dility 10 which this corporation is at any time 70 subject itself, over and above the amount lue depositors is 5,o00GO
 ARTICLE VIII.
 The private nroperty of the stockholders of his corporation shall be exempt from the debts r liabilities of this corporation
 ARTICLE TX.
 As soon as practicable after the filing of these rticleS in the office of the auditor of tie Terri. ory of Arizona, the persons named herein as IrGctOrS shall apd -,s- +l,. i directors and shall adopt bylaws and may rescribe in said bylaws the method of calling leetings Of the board of directors and stock oIderS- And at any meeting of the board of lrectors majority of such board shall consti- ute quorum to transact business; and any leeting at which quorum is present shall be regular meeting and shall have the same au- nority as a full board whether notice of the leeting shall have first been given to the ab ent members or not.
 ARTICLE K These articles of incorporation may be amend 1 at any annual meeting of the stockholders. ' at any special meeting thereof when called I that purpose if majority vote in favor of id amendment, and whenever any amendment so made to these articles of incorporation the me shall be signed and acknowledged by the resident and secretary, and when so signed, 'knoWIedged, recorded and published as re- nred by law, they shall then and thereafter we the same force and effect as if signed by e entire number of stockholders of the cor 'ration.
 E. C.. CarutherS,
 John Gandolfo,
 M. J. Nugent,
 J. w. Darlington,
 A. ModcSti. c erritory of Arizona County of Yuma, SS'
 On this day before me, C. L. Brown, a notary lblic in and for the county of Yuma, Territory V Arizona' personally appeared E. c. Caruth- $, John Gandolfo J. w. Ec rrington, Nj. J. t,