Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1910-02-22
.RTIcLES OF INCORPORATION
OF THE
asANK OF LOWELL"

KNOW ALL MEN BY THESE
PRESENTS: That we, the under
signed, have associated, and do here
b. associate, ourselves together 70
the purpose of forming Z corporation
under the laws Of the Territory Of
Arizona. and in accordance Herewith
do hereby adopt. execute and acknowl-
edge the following as the Articles OF
such corporation.
ARTICLE l. The names Of the cor
porators are W. II. Brophy, NJ. J..
Cunningham, and L. c. Shattuck;
the name Of the corporation shall be
Bank of Lowell" and its principal
Office and place OF business shall be
at the town of Lowell, Coehise Coun-
-. Arizona. with branch Offices and
places of business elsewhere, within
or without the Territory of Arizona.
as may be designated and established
by the board OF directors Of the
corporation. hereinafter provided for
ARTICLE 2. The general nature OF
the business proposed to be trans
acted by. and the objects and Pur-
poses of the formation of, said corpor-
anon. are to do any and all OF the
things herein mentioned as fully and
10 TIE same extent as natural persons
might or could do the same, and in
any part of the world; to transact,
promote and carry on a general COM
mercial banking business; and TO ex-
rrcise. BY its Board OF Directors, or
duly authorized officers and agents,
subject to law. all such incidental
powers as shall be necessary to carry
on said general commercial banking
business.
In furtherance. but not in limita-
ton OF. the general powers conferred
Ly the laws of the Territory OF A-i-
iona. and the objects and purposes
herein set forth. it is hereby expressly
provided that said corporation shall
also have the following powers;
tal To receive deposits; TO dis
count an1 negotiate promIssory notes,
drafts. bills Of exchange and other
. evidences Of debt. TO buy and sell eZ-
cfanEe. coin and bullion; and to col
lcct for others money due them on
uotes. checks, drafts, bills of exchange
+ commercial paper or other evidence
! ~ Indebtedness.
% To act as escrow agent.
Co 10 borrow or raise money by
: The issue OF its notes. debentures, or
other form Of obligation: and. If nee
Cssary and advisable. 10 secure the
( payment of the same by the deposi
or 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.
I'd To loan money; and, when deem
ed advisable, to require and receive a
mortgage on real property, or a deposit
and pledge OF or mortgage on personal
property, or other proper security, fGI
the repayment OF same.
(e) To draw. make, accept, endorse
discount, execute and issue promis-
sory notes. bills of exchange, wa--
rants. bonds. debentures and other
negotiable OF transferable instru-
ments-
| 90 To enter into make. perform
and carry out contracts of every kid
and for any lawful purpose with any
firm. person. association or corpora
ton
| (g) To purchase. OF otherwise az
quire. and TO hold. own and enjoy.
and to mortgage, convey. or other
wise dispose of. property Of every
kind, character and description, rea
personal or mixed.
(h) To purchase or otherwise ac
cuire and deal in and to hold. sell OF
otherwise dispose OF the shares o.