Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1910-02-04

herein set forth. IT is hereby expressly
provided that said corporation shall
also have the following powers;
ta) To receive deposits; TO dis
count and negotiate promissory notes,
drafts. bills OF exchange and other
evidences OF debC; TO buy and sell ex-
change. coin and blu lion: and to col
lect for others money due them o..
notes. checks. drafts. bills Of exchange
commercial paper or other evidence
OF Indebtedness.
tb~ TO act as escrow agent.
(cl 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 deDosi;
Of stock. securities, or other personal
property. as collaters' Tor said pas.
ment. or by executing mortgagss
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 de,,ia
cd advisable. to require aad receive d
mortgage ON real property. or depSsi'
and pledge Of or mortgage on persona
property, or other proper security. tGl
the repayment o. same.
(e) To draw, make. accept, endorse
discount. execute and issue promis
sory notes. bills of exchange, wa-
rants. bonds. debentures and oShcl
negotiable or transferable instrG
ments.
ul To enter into, make. perform
and carry out contracts of every kin'
and for any lawful purpose with an,
firm. person, association or corpora
ton.
60 To purchase. or otherwise az
Quire. and TO hold. own and enjoy
and to mortgage, convey, or othe'
wise dispose of. property of ever
kind. character and description, req
personal Of mixed.
! (h) To purchase or otherwise a,
Guire aud deal in and 20 hold. sell q
otherwise dispose OF the shares q
this or any other corporation. ant
to buy, sell, take, own, hold and de5
in bonds. mortgages, pledges. chose
ia action. judgments. inventions
trade marks, patents. licenses. priv
leges. options and property of ever
kind and character.
ARTICLE 3. The amount OF "a
capital stock of this corporation sha
be TWENTY-FIVE THOUSANl
: DOLLARS (25.OO0Oo). divided int
: TWO HUNDRED AND FIFTY C25C
shares Of the par value of ONE HU,
/ DRIED DOLLARS ($10O00) eacl
which, when issued. shall be fully pa
ard worcestershire.
Said stock shall be issued for cas-
only, and at not less than par, "a
shall be issued under such other tern
end conditions and at such times /;
the Board of Directors may determiI
CT prescribe.
[ ARTICLE 4. The time of the COZ
! mencement of this corporation sna
be the day Immediately following y
day upon which a certified copy
these Articles are filed with the Au
tor of the TerTitory of Arrzuua. al
the said corporation. unless renewe
shall terminate twenty-five $3.50 yea
thereafter. but the same may be I
uewed from time TO time as How -
/, Fided by the laws OF said Territory
: as to make the same perpetual.
/ ARTICLE 5. The affairs Of tn
!. corporation shall be conducted by
, Board OF not less than three nor mo
than seven directors. who shall |
elected from aDong the stockholde
| annua Il, al the annual meeting theI
or Ihe annual meeting of the stoc
holders of this corporation shall |
held at the principal Office OF the &C
poration. at lowell. Cochise Count
Arizona, On the first Monday
March. OF each year. Said director
) |nen so elected. shall hold Office IN
: their successors are elected and on,
, | lied. and any vacancy ia the Boa
+ sh1il be f.lled by election by the r
4 naming members Of the Board fro
. among the stockholders OF said c,
, | poradon.
, said Board of Directors shall ha-
the power 10 make bylaws and esta
= iish all rules and regulations necr
sary for the management or t,e ;
fairs OF this corporation not inconsi!
ent with these Articles or with q
laws Of the Territory of Arizona OF
the United States OF America.
Until the first annual meeting
stockholders. or until their succexso
are elected and qualified. the folio
. ing named persons snail constitu
= the Board of Directors of this corpe
2 alton: w. H. Brophy, NJ. Cunniu
/. bam. and l.. c. Shatsuck.
/ The officers OF this CORPORATE,
/ shall be a President. yice-Preside
/. and Cashier. together with such OF
!, er additional officers as the Board
Directors may deem necessary for Ii
proper transaction OF the business
this corporation
ARTICLE 6. The highest srnou
Z Of Indebtedness to which this corps
alton is at any time TO subject its,
is sixteen thousand. six hundred a
3 sixty-six dollars ((s16, $4,000.
r ARTICLE T. The private proper
: OF the stockholders and officers OF Il
II cooperation shall be exempt from :
n and any liability for its corpora
debts
I, IN WITNESS WHEREOF the sa
T, eorpo-ators have hereunto set the
= hands and executed these presen
this end day OF January. 1910.
: W. II. BRoPHY,
NJ j CUNNINGHAM.
; !. c. SHATTUCK.