Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1910-02-05


provided that said corporation shall
also have the following powers;
Cal To receive deposits; to dis
count and negotiate promissory notes,
drafts. bills of exchange and other
evidences of debt; to buy and sell ex-
change coin and bullion; and to col |
lect for others money due them on |
notes, checks. drafts. bills of exchange |
commercial paper or other evidence
of Indebtedness.
% To act as escrow agent.
(c) To borrow or raise money by
the issue of its notes, debentures. or
other form Of obligation; and, If nee
essary and advisable. to secure the
payment of the same by the deposit
of stock. securities. or other personal
property, as collateral for said pay
ment; or by executing mortgages.
liens or other form of security on any
of the property of said corporation,
real. personal or mixed
| (d) To loan money: and, when dem
ed advisable. TO require and receive a
mortgage on real property, or deposit
land pledge of or mortgage on personal
the repayment OF same
ieb To draw. make, accept, endorse
discount. execute and Issue promts-
sory notes. bills of exchange, wa
rants, bonds. debentures and other
negotiable or transferable instru'
ments.
% To enter into. make, perform
: land carry out contracts OF every ains
and for any lawful purpose with any
firm, person, association OF corpora
J tion
(g) To purchase, or otherwise ac
quire, and to hold. own and ENJOY
and to mortgage. convey. or otne'
/ | wise dispose OF. property OF ever
kind. character and description, rea
personal or mixed.
(h) To purchase OF otherwise az
: quire and deal In and to hold. sell
otherwise dispose OF the shares G
L this or any other corporation An
to buy, sell. take. own. hold and De-
- in bonds. mortgages. pledges. chose
lin action, judgments. tuyenuon'
r trade marks, patents, licenses, PRIV
n leges. options and property OF ever
kind and character.
70 ARTICLE g. The amount OF z
n capital stock of this corporation ana
jbe TWENTY-FIVE THoUSAN
> DOLLARS 25.OooOo). divided In
" TWO HUNDRED AND FIFTY (25
IS shares of the par value OF ONE HU
~, DRIED DOLLARS (slOo.oO) esc
which. when issued, shall be fully pa
II and worcestershire.
II. Said stock shall be issued for ca
only, and at not less than par, q
ne shall be issued under such other teri
Sc and conditions and at such times
the Board of Directors may determi
or prescribe.
he ARTICLE 4. The time of the co
mencement of this corporation sn
be the day Immediately following
m day upon which a certified copy
IN these Articles are filed wltn the Al
itor of the Territory of Arfzuna. a
Oi the said corporation. unless renew
RS shall terminate twenty-five (25) ye
bo thereafter. but the same may be
newed from time to time as now ,
40 yided by the laws of said Territory
ial as to make the same perpetual.
ARTICLE 5. The affairs Of {
corporation shall be conducted b.
dy Board of not less than three nor III
an than seven directors. who shall
elected from among the stockhold
annua 'ly. at the annual meeting th'
Of The annual meeting OF the ste
,ss holders of this corporation shall
held at the principal Office of the {
W. poration, at Lowell, Cochise Cour
his Arizona. on the first Monday
March. of each year. Said direcr'
l"i when so elected. shall hold Office u
ces their successors are elected and q
49,. flied, and any vacancy in the 30
shall be filled by election by the
'os- naming members of the Board Fl
hat among the stockholders of said
poration.
Up Said Board of Directors shall b
nd the power TO make bylaws and es
lish all rules and regulations ne
sary for the management OF Ize
and fairs of this corporation not inconl
God ent with these Articles or with
laws of the Territory OF Arizona o
Dy the United States OF America.
: il Until the first annual meeting
stockholders, or until their success
mot are elected and qualified. the fol
anne ing named persons shall consti
the Board of Directors of this cor
alton: w H. Brophy. NJ Cum
ham, and l.. C. Shattuck.
The officers of this corpora
shall be a President, Vice-Presi'
leXt and Cashier together with such
ths er additional officers as the Boar
Directors may deem necessary for
on proper transaction OF the bushes
this corporation
ARTICLE s. The highest am
of Indebtedness 10 which this col
alton is at any time to subject
is sixteen thousand. six hundred
ION sixty six dollars ((s16. 666.00).
ARTICLE 7. The private PROF
of the stockholders and officers OF
ESE cooperation shall be exempt from
nder- and any liability for its corpc
here debts
for IN WITNESS WHEREOF the
alton corporators have hereunto set
: =, hands and executed these pres
this 22nd. day Of January. 1910.
lowl- W. H. BROPHY.
IS OF Nj CUNNINGHAM.
l. c. SHATTUCK.