The Arizona sentinel., 1907-07-17
ARTICLE III.

County of Yuma. Territory OI A1lZOEd
 ARTICLE IT,
 That the general nuturc of the business pro- | posed to be transacted by this corporation IS that of q savings bank and loan association and of accumulating, loaning and investing the funds of it's stockholders and dcpositors, to re- c5ve 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 general banking business and said corporation shall also have the power and authority to act as trustee for the issue of 1 bonds ana mortgages for persons, companies or corporations for the purpose of borrowing money
 ARTICLE ".
 That the amount of the pital 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 DC Fifty Thousand Dollars (S590COl divided into Five Hundred l500) shares of the par value of One Hundred Dollars (Sl00) each, and fifty t9e) per cent of said capital stock shall be SUD- scribed and paid i'll at it's par value before this corporation shall commence business, ana tEc remainder of said capital stock shall be held III reserve by said corporation until the stockhoid- CTS of this corporation at a regular anhual meeting thereof or at special meeting called for that purpose, shall, by q majority vote or the stock represented at said meeting, author ize that the same may be subscribed and pald in and when snch action shall have been taken by the stockholders said stockholders shall have the first right to subscribe therefor ana 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 certlbed 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 De twenty-five years thereafter, unless said corpo- ration shall be further extended as provided by law.
 . ARTICLE VT.
 7 That the affairs of this corporation shall be f conducted by board of directors, consisting oi l 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 l. ond Tuesday of January in each year hereafter Q | at the hour of ten o'clock in the forenoon ol said day, but if no election be held on tbat day it may be held at some later date by special l. meeting called for that purpose. The board o1 n directors shall at their first meeting in each year, which meeting may De on the same day as the annual stockholders meeting, elect Iron among their number president and vicc-preSi T dent; they shall also at the same meeting elcc k, a cashier and secretary, provided that tho f | cashier and secretary may be one and the Sam' person; and the board of directors may appoln such other officers and agents as they may dc r termine. The directors and officers of this cor IF poration shall hold their offices for ono yea and until their successors are elected and Gual flied. Provided, however that the board O " directors shall have the power to remove u any time any of the officers or agents appoiute n by or elected by them, and the board of direct 70 ors shall have the power to fill any vacancy either in their own number or that of any c , the offices of this corporation The following O- named persons; who are subscribers to the cal ital stock of this corporation, are hereby al pointed directors of said corporation until tn first annual meeting of the stockholders, whic o shall be held at the office Of the company in tn Town of Yuma; Arizona, on the second TueSda - in January, IgOS, to-wit: E. c. Caruthers. Joh Gandolfo M J. Nugent, J. w. Darlington an > A. Modesti. And E. C.. Car7thers shall be pres L ident, M. J. Nugent vice-prcSident, and Henr M. Gandolfo, cashier and secretary, wl shall hold their offices until the first annuf meeting of the stockholders of this corporation unless sooner removed by the board of dircc DTS.
 ARTICLE VII.
 The highest amount of indebtedness or l lbility 10 which this corporation is at any tin to subject itself, over and above the amour due depositors, is Sl5,o5000.
 Tt AETygI.E VIII. IT. The private property of the stockholders ty this corporation shaH be exempt from the d cb i'd or Liabilities of this corporation. le ARTICLE TX.
 As soon as practicable aitcF the filing Ot the IT. articles in the office Of the auditor of tLe Ter IL, tory of Arizona, the persors nsnfeti herein directors shall meet and organize as the boa a of directors and shall adopt bylaws and ma prescribe in said bylaws the method of callil hS meetings of the board of directors and Stoc D. holders. And at any meeting Vf the board .st directors majority Of such board shall conS 2 tutc a quorum to tEJnSagt business; ana ar meeting at which quorum is present shall hu 9 regular meeting and shall have the same a tn thority as full board, whether notice of u in meeting shall have first been given to the q o, sent members or not. ,c ARTICLE x.
 II These articles of incorporation may bS amen cti at any annual meeting of the stockholder 'e- or at any special meeting thereof when call ng fer that purpose if d majority vote in favor or said amendment and whenever any amendme is so made to these articles of incorporation u OH same shall be signed and acknowledged by tl
 president and secretary. and when so signo of acknowledged, recorded and published, as i,,l quired by law, they shall then and thercaft T have the same force and effect as if signed U" the entire number of stockholders of the co ol poration.
 E. G. CarutherS,
 John Gandolfo,
 M. J. Nugent, :" J. w. Darlington
 A. ModeSti. . Territory of Arizona, , sc
 County of Yuma,
 On this daT before me, c. L. Brown, nota
 public in and for the county of Yuma, TerritC
 Of Arizona personally appeared F. G. Cara
 CTS. John Gandolfo, J. w. GC rrington, NJ
 Nugent and A. Modest personally known