The copper era., 1908-06-04
ARTICLES or fNCcRPoRAT1oN
OF THE BANK OF DUNCAN"

 KNOW ALL MEN BY THESE PRESENTS:
 That we the undersigned, have associated ourselves together for the purpose of forming a Banking Corporation under the laws of the Territory of Arizona. and for that purpose do adopt the following charter.
 Article I. The names Of the c6rporators of this corporation are II c. Day, W. i. Witt, Jas. ". Parks, Chas. L. Sands, w D. McKeehsn, john II. Evans, F. Billingsley, L. B. Stephens, E. w. Taylor, w. F. Willis, A. E: Hobbs, W. E. Cnreton, J. H. MeCleskey, J: A: Martin, John Evans John R Hampton. E. NJ. Williams, W. ]. Riley, H. NJ. Watson and J. J. Kelley:
 | Article II. The principal place for the trans acting of the business of this corporation shall be at Duncan, in the County of Graham, Ter ritory of Arizona; but the Board of Directors of this Corporation may establish branch places for the transactiug of business of this corporation.
 Article ri. The name of this Corporation shall be "The Bank of Duncan.' Article ". The general natdre or the busi= ness to be transacted and Carried on by this Corporation shall be the following: 10 engage in general bankif E business, rereiFing de- posits and paying the saIhe ont upon the order or the depositofs; selling aud buying exchange, | borrowing and lending money; buying and selling all kinds of negotiable paper such as City, County and Territorial Warrants, Bonds, and other evidences of Municipal debts Gold, Silver and Copper Bullion; Notes and Mort gages on Real and Personal property. as well as stocks and Bonds of other Corporations; to buy, own aud sell real estate and personal property, aud to transact and carry on all business that is consistent with the banking business, and not in conflict with the laws of the Territory Of Arizona,
 Article v. The authorized capital stock oi this Cor pOration is Fifteen Thousand (sl5,OO0l Dollars, divided into One Hundred and Fifty shares of the par value of One Hundred (SIOOI Dollars each. Such capital stock to be fully paid into this Corporation. either in cash Ol property suitable for the and purposes ol this Corporation, immediately upon the sub sc ription therefor.
 Article VI. The affairs of this Corporation shall be conducted by a Board of not less than five, nor more than fifteen directors, who shal be stockholders and the following named per sons shall constitute the Board of Directors o this Corporation until their successors are elected and qualified. viz: H. c. Day. James V. Parks W. D. McKeehnu. B. F. Billingsley E. W..Taylor 4. E. H"bbs J. A. Martin, W J. Riley and H. NJ. Watson
 Thereafter the Blard of Directors shall bC elected from among the stockhOl CTS on the second Monday of January of each aud every year. The officers of this Corporation shall he a President One or more Vice Presidents aud a Cashier.
 The President and Vice-Presidents shall he elected from among the Board of Directors within ten days from the annual meeting Oi the stockholders of this Corporation, and the Cashier shall be selected by the Board of Direc tors at the same time. The following persons shall be and constitute the officers of this Cor pOration until the first annual meeting of the stockholders in January, 1909 viz H. c. Day president; James V. Parks, vice president; w D. McKeehan. vice president; and H. NJ. Wat son. cashier.
 The Board of Directors shall have the author. in their numb Der. or among the officers of the Corporation. A majority of their number shall constitute a quorum, and any meeting of such Board of Directors, at which quorum Is pr, S. ent shall he deemed legal meeting.
 Article VII. The time of the commencement of this Corporation shall be on the date of the filing of a certified copy of these Articles o IncOrpO ration in the the office of the Auditor of the Territory of Arizona and the termination shall be Twenty five years thereafter, unles: further extended according to law. . Article VIII. The highest amount of in debtedness liability direct contingent tC which this Corporation shall atany time subject itself shall not exceed two-thirds of the amount of it's capital stock.
 Article TX. The private property of tho stOckholdcr, of this Cop Iration shall be eX empt from all it's corporate debts.
 In Witness Whereof. We have hereunto Se our hands and seals, this the l6th day of Apri | 4