Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1910-02-08

also have the following powers;
(a) To receive deposits: to dis |
count and negotiate promissory notes. |
drafts. bills of exchange and other |
evidences Of debt; ITO buy and sell ex.
change. com and bullion; and TO col |
lect for others money due them on |
notes. checks. drafts. bills of exchange
commercial paper or other evidence
o. Indebtedness.
Cd To act as escrow agent.
tc) To borrow or raise money by
the issue of its notes, debentures, or
other form of obligation: and. If NEG
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.
tdD To loan money; and, when deem
ed advisable. to require and receive a
mortgage on real property. or deposit
property. or other proper security. for
the repayment of same.
(eD TO draw. make. accept. endorse
discount. execute and issue promis-
sorry notes. bills of exchange. war
rants. bonds. debentures and other
negotiable OF transferable instru-
ments.
| % TO enter into. make. perform
and carry out contracts of every kind
and for any lawful purpose with any
firm, person. association or corpora
ton.
Ca To purchase. or otherwise ac-
| uuire. and 10 hold. own and enjoy.
aud 20 mortgage, convey, or other
wise dispose OF. property of every
kind. character and description, real
personal or mixed.
| (hl To purchase or otherwise &C
| euire aud deal in and to hold, sell OF
otherwise dispose of the shares OF
this or any other corporation. And
10 buy. sell. take. own, hold and deal
in bonds, mortgages. pledges, chooses
in action, judgments, inventions.
trade marks. patents. licenses. priv
leges, options and property of every
kind ald character
ARTICLE 3. The amount of the
capital stock of this corporation shat
be TWENTY-FIVE THOUSAND
| DOLLARS (25.O0O.oo), divided int
TWO HUNDRED AND FIFTY (250'
shares of the par value of ONE HUN
DRIED DOLLARS (s100.00) each
which. when issued, shall be fully pail
and worcestershire.
Said stock shall be issued for cast
only. and at not less than par, ent
shall be issued under such other terms
and conditions and at such times a
the Board Of Directors may determin'
or prescribe.
ARTICLE 4. The time of the CON
mencement of this corporation sna'
be the day Immediately following III,
day upon which a certified copy o
these Articles are filed with the Aud
itor of the Territory of Arrzona, ar,
the said corporation. unless renewed
shall terminate twenty-five (25l year
thereafter, but the same may be re
newed from time TO time as now DrC
yided by the laws of said Territory ;
as to make the same perpetual.
ARTICLE 5. The affairs of thi
oldll DC conducted
Board of not less than three nor lnoT
than seven directors. who shall b
elected from among the stakeholder
+ annually. at the annual meeting thor
or The annual meeting Of the stoci
= holders of this corporation shall b
| held at the principal office OF the co
poration, at Lowell. Cochise Count,
, Arizona, on the first Monday j
) March. of each year Said director
when so elected, shall hold Office unit
, their successors are elected and qua
flied. and any vacancy in the Boar
, shall be filled by election by the re
naming members of the Board fro.
2 among the stockholders OF said co
+ poration.
p Said Board of Directors shall hay
r the power to make bylaws and esta
fish all rules and regulations nece
sary for the management or rae q
\ fairs Of this corporation not inconsis
ent with these Articles or with ia
E laws of the Territory of Arizona or
g the United States OF America.
S Until the first annual meeting
e stockholders. or until their successo,
, are elected and qualified. the folio,
ing named persons shall constitut
j., the Board Of Directors of this corpo
alton: W. H. Brophy, ". J Cunnin
Z ham, and L. c. Shattuck.
I The officers Of this corporate
p shall be a President. Vice-P resideI
y and Cashier. together with such otl
o er additional officers as the Board
< Directors may deem necessary for Il
;, proper transaction OF the business
:, this corporation
ARTICLE s. The highest amoul
of Indebtedness to which this corpo
alton is at any time to subject itse
is sixteen thousand, six hundred al
sixty-six dollars ((S16. 666.00).
ARTICLE Z. The private properi
of the stockholders and officers of tn
Z cooperation shall be exempt from a
r and any liability for its corporal
= debts
,rt IN WITNESS WHEREOF the sai
n corporators have hereunto set the
n hands and executed these present
h this 22nd. day of January. 1910.
L W. H. BROPHY.
NJ J CUNNINGHAM.
L c. SHATTUCK.