The Arizona sentinel., 1907-08-28
ARTICLES OF INCORPORATION
Home Savings Bank and Loan Company.

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 1.
 That the names of the incorporators of this corporation are E.. G. CarutherS John GandOl- fo, M. J. Nugent, J. w Darlington and A. Modcsti.
 ARTICLE II.
 That the name of this corporation is and shall be Home Savings Bank and Loan Con- 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 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- coive money on deposit and loan and invest the same, with interest, and to repay dcpositors. 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 an6 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 npon which it is to be paid in, shall be as follows: The capital stock of this corporation shall be Fifty Thousand Dollars (S5O00O) divided into Five Hundred (5OO) shares of the Par value of One Hundred Dollars (Sl00) each, and fifty (5O) per cent of said capital stock shall be su0- 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 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 bv 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 a price not less than par.
 l ARTICLE V.
 That the time of the commencement of this corporate shall be the date of filing 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 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 ot said day but if no election be held on tbat day it may be held at some later date by special meeting called for that purpose. The board oi directors shall at their first meeting in eact , as the annual stockholders meeting, elect iron among their number a president and vice-presi dent; they shall also at the same meeting elec d cashier and secretary, provided that tho cashier and secretary may be one and the same person; and the board of directors may appoin such other officers and agents as they may de termine The directors and officers of this COT poration shall hold their offices for one yea and until their successors are elected and qual flied. Provided, however. that the board O directors shall have the power to remove a any time any of the officers or agents appolnte' by or elected by them, and the board of direct 1 OTIS shall have the power to fill any vacancy either in their own number or that of any o the offices of this corporation. The following named persons, who are subscribers to the cap ital stock of this corporation, are hereby aI pointed directors of said corporation until tn first annual meeting of the stockholders, whic shall be held at the office of the company in tn Town of Yuma, Arizona, on the second TueSda . in January 1908 tO-wit E. C.. Caruthers, Joh ' Gandolfo, M. J. Nugent, J. w. Darlington an A. Modesti. And E. G. Caruthers shall be pres ident M J. Nugent vice-president, and Henr 3 NJ. Gandolfo, cashier and secretary, wh , shall hold their offices until the first annua p meeting of the stockholders of this corporation unless sooner removed by the board of direct V orS
 , ARTICLE VII.
 The highest amount of indebtedness or liz bility io which this corporation is at any tim n to subject itself, over and above the amour due depositorS. is sl5,O0O.OO.
 ARTICLE VIII.
 The private property of the stockholders ( this corporation shall he exempt from the deb, , or liabilities of this corporation. ARTICLE TX. As soon as practicable after the filing of thes articles in the office of the auditor of the Terr ' tory of Arizona, the persons named herein a directors shall meet and organize as the boar of directors and shall adopt bylaws and ma :, prescribe in said bylaws the method of callir meetings of the board of directors and stool holders. Andat any meeting of the board c directors majority of such board shall const " tute quorum to transact business; and an
 meeting at which quorum is present shall b 6 a regular meeting and shall have the same al
 thority as full board whether notice of tn
 meeting shall have first been given to the al
 sent members or not.
 If ARTICLE x. V These articles of incorporation may be amend r. ed at any annual meeting of the stOckholder l. or at any special meeting thereof when calle n fer that purpose, if q majority vote in favor
 said amendment, and whenever any amendmer iS m nada theSe articles of incornoratiOn tf