Bisbee daily review., 1910-02-03

1
provided that said corporation shall I
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; 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.
(b 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 NEG
ossary and advisable. 10 secure the
payment OF the same by the deposit
of stoDs, securities. or Other personal
property. a. cssisIerai for said pay
ment: or by executing mortgages.
liens or other form OF security on an;
of the property of said corporation.
real. personal or mixed
(d) To loan money: and. when deem
ed advisable. TO require and receive a
mortgage on real property. or deposit
and pledge of or mortgage on personal
property, or other proper security, fcr
the repayment of same.
| tel To draw. make. accept. endorse
discount, execute and issue promis-
sorry notes, bills of exchange. wa
rants. bonds, debentures and other
negotiable or transferable instru-
ments.
! 10 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
| (gD TC purchase. or otherwise &C
quire, and TO hold. own and enjoy.
and to mortgage. convey. or othe:'
wise dispose of. property of every
kind. character and description, real
personal OF mixed.
| (h) To purchase or otherwise &C
quire and deal in and to hold, sell oil
otherwise dispose of the shares oi
this or any other corporation. And
TO buy. sell. take. own, hold and dea
. in bonds. mortgages. pledges, chose
in action. judgments. inventions
trade marks. patents. licenses priv
leges. options and property Of ever,
ARTICLE g. The amount of III,
capital stock of this corporation shai
be TWENTY-FIVE THOUSAND
: DOLLARS (25,OO0.oo). divided int
J, TWO HUNDRED AND FIFTY (25O
| shares of the par value OF ONE Hun
!. DRIED DOLLARS ts100.00) each
which, when issued. shall be fully pal
, and worcestershire
|, Said stock shall be issued for cas-
; only, and at not less than par. an
shall be issued under such other term
and conditions and at such times q
/ the Board of Directors may determir
:, or prescribe.
5. ARTICLE 4. The time Of the cor
g mencement of this corporation sna
e be the day Immediately following Il
n day upon which a certified copy
q these Articles are filed with the Au
!. itor OF the Territory OF Arizona, al
the said corporation, unless renewe
shall terminate twenty-five (25) yea
" thereafter. but the same may be l
newed from time TO time as now ~
d vided by the laws of said Territory
y, as to make the same perpetual.
N ARTICLE 5. The affairs OF th
ie corporation shall be conducted by
f. Board of not less than three nor mo
than seven directors. who shall
N elected from among the stockholde
annually, at the annual meeting the
- o. The annual meeting of the stoC
holders of this corporation shall
. held at the principal Office Of the Ct
n poration, at Lowell, Cochise Count
ne Arizona. on the first Monday
~ March, OF each year. Said directol
C. when so elected. shall hold Office un
ne their. successors are elected and gu
i. flied. and any vacancy in the Boa
shall be filled by election by the
naming members of the Board fro
among the stockholders of said c.
poration.
\ Said Board of Directors shall ha
d. the power 10 make bylaws and est
To- fish all rules and regulations nee
~ sary for the management OF tne
IS fairs of this corporation not inconsi
ed ent with these Articles or with t
- laws OF the Territory of Arizona or
the United States OF America.
Until the first annual meeting
ne stockholders. or until their successc
of are elected and qualified. the folio
ut ing named persons shall constitu
It's the Board Of Directors of this corp
he alton: w. II. Brophy, NJ. Cunnil
"A ham. and l.. C.. Shattuck.
- The officers of this corporate
~ shall be a President, yice-rreside
ef and Cashier. together with such o
or er additional officers as the Board
ed Directors may deem necessary for I
ne proper transaction OF the business
this corporation
ARTICLE 6. The highest amol
,u of Indebtedness to which this corp
alton is at any time to subject its
Is sixteen thousand, six hundred q
sE sixty six dollars ((s16, 66600).
er- ARTICLE Z. The private prope
re-. of the stockholders and officers Of {
for cooperation shall be exempt from
ION and any liability for its corpori
debts
- IN WITNESS WHEREOF the S
-, corporators have hereunto set tn
hands and executed these presei
this 22nd. day OF January. 1910.
Oc- W. II. BROPHY.
j. NJ CUNNINGHAM,
*; l. C. SHATTUCK.