The Arizona sentinel., 1907-07-31
OF INCORPORATION
 OF Home SaTiags Bank and Loan Company.
wv AII Mon Inv These Prcsents:

Know All Men by These Presents:
 That we the undersigned, have this day vol untarly 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 incorporates of this corporation are E. G. Caruthers John Gandol- fo, NJ. J. Nugent, J. ". Darlington and A. Modcsti.
 ARTICLE IT.
 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 TIT.
 That the general nature of the business pro- posed tobc transacted by his corporation iS that Of q savings bank and loan association and of accommodating. leaning and investing the funds of it's stockholders and depostors, to re- csive money on deposit and loan and invest the same, with interest, and to repay depositors, with or without interest. gs may be agreed upon and to do q general banking business. and said cor9oration 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 capital stock author ized and the times when and conditions upon which it is to bc paid in shall be as follows: The capital stock of this corporation shall be Fifty Thousand Dollars (S50,0G0) divided into Five Hundred (5l0) shares of the par value of One Hundred Dollars CfiOD each, and fifty t5e) per cent Of said capital stock shall be sub scribei and paid in at itS par value before this corporation shall commence business. and the remainder Of said capital o;k shall be held in reserve by said corporations untlithe stockhold- CTS Of this corporation at regular annual meeting thereof. or at special meeting called for that purpose. snail by 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 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 thc date of filing certified copy of these articles of incorporation in the office of the auditor Of the Territory of Arizona and paying ia fifty (5l) per cent of said capital stock and the ternination 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 1 ond Tuesday Of January in each year hereafter, at the hour of ten o'clock ia the forenoon of said day, but if no election be held on tbat day it may be held at some later date bv special meeting called fer 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 q president and vicc-prcsi- dent: they shall also at the same meeting elect 8 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 l termine The directors and officers of this cor poration shall hold their offices for one year l and until their successors arc elected and Gu2l- flied. Provided, however. that the board of directors shall have the power to remove at any time any of the officers or agents appointed by or elected by them, and the board of direct ors shall have the power to fll any vacancy, either in their own number or that Of any ot 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 tho 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 1g0S to wit E. c. Caruthers. John Gaudolfo, N. J. Nugent, J. w. Darlington and A. AIolesti And E. G. Caruthers shall be pres ident II J. Nugent vce-prcSident, and Henry M. GanGoifo, cashier and secretary, who shall hold their offices until the first annual meeting of the stockholders Of this corporation unless sooner removed by the board of direct ors.
 | ARTICLE VII.
 The highest amount of indebtedness or lia blity 10 which tlis corporation is at any time to subject itself, over and above tine amount due depositorS, is 5l5,O33.OO.
 ARTICLE VIII.
 The private property Of the stockholders o this corporation shall bc exempt from the debt: or liabilities of this corporation.
 .SRTICLE K.
 As soon as practicable after the filing of these articles in the office of the auditor of to Terri tory of Arizona, the persons nQmcd herein is, directors shall meet and organize as the bo1It of directors and shall adopt bylaws and may prescribe in said bylaws the method of callirs meetings of the board of directors and stock hoGcrs And ct any meeting Of tl.s board oi