Arizona republican., 1911-04-18

/ tIS ana DlTeCloIS may DC ltlu anu Oil
! business transacted.
ARTICLE III
| The general nature of the business
proposed to be transacted is as follows,
! tO-wit: To do any and all of the things
/ herein mentioned, as fully and To the
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 commercial banking
| business: and to exercise 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 limitation of, the general powers
conferred by the laws of the Territory
Of Arizona. and the objects and pur-
poses herein set forth. it is expressly
provided that said corporation shall
also have the following powers:
To receive deposits: to discount and
negotiate promissory notes, drafts. bills
Of exchange and other evidences OF
debt; to buy and sell exchange, coin
and bullion. and to collect for others
money due them on notes. checks,
drafts, bills of exchange, commercial
paper or other evidences OF indebted
ness: to act as escrow agent: to Dor
row or raise money by the issue of
its notes, debentures or other form of
obligation, and if necessary or advis-
able, to secure the payment OF the same
by the deposit of stock securities or
other personal property as collateral
for said payment, or by executing
mortgages. liens or other form OF Sc
curity on any Of the property OF said
corporation. real. personal or mixed;
to loan money and when deemed ad-
Visable. to require and receive a mort
gage on real property or a deposit and
pledge OF. or mortgage on personal
property or other property security for
the payment of the same; To draw,
make. accept, endorse, discount,
execute and issue prOmissory notes,
bills of exchange, warrants. bonds,
debentures and other negotiable or
transferable instruments: to enter into,
make, perform and carry out contracts
of every kind and for any lawful pur
pose, with any firm, association or cor
pOratiOn: to purchase or otherwise ac-
quire, and TO hold, own and enjoy, and
10 mortgage. convey or otherwise dis
pose of property Of every kind, charac-
ter and description. real, personal and
mixed; To purchase or otherwise ac-
qure and deal in, and to hold. sell or
otherwise dispose of. the shares of this
or any other corporation, and to buy,
sell, take, own, hold and deal in bonds,
mortgages, pledges. chooses in action,
judgments. inventions. trade marks,
patents, licenses. privileges. options,
and property OF every kind and charac-
ter; TO install and rent safety deposit
boxes. and in general to do all things
necessary to the proper conduct of the
business Of this Corporation not incon-
sistent with the laws OF the United
States and the Territory of Arizona.
ARTICLE ".
The authorized amount Of capital
stock of this Corporation shall be
| Twenty-Five Thousand and no-1OO dol
lars (s25.0O0.00) divided into two
hundred and fifty shares of the
par value OF one hundred and
no-IO0 dollars (slOO.0O) each. At
| such time as the Board of Directors
may by resolution direct, said capital
stock shall be paid into this Corpora
| ton, either in cash or by the sale and
| transfer TO it Of real or personal prop
erty for the uses and purposes Of said
| Corporation, in payment for which
shares of the capital stock OF said Cor
| poration may be issued and the capital
stock so issued shall thereupon and
| thereby become and be fully paid up
| and nom assessable. and in the alb
sence of actual fraud in the transac-
| ton the judgment Of the Directors as
to the value of the property purchased
shall be conclusive.
ARTICLE V.
| The time of the commencement of
| this Corporation shall be the date Of
/ the filing of a certified copy of these
articles of Incorporation in the office
! Of the Auditor of Arizona, and the
! termination thereof shall be twenty
| five years thereafter with privilege of
/ renewal as provided by law.
ARTICLE VI.
! The affairs Of this Corporation shall
/ be conducted b Board of not less
than three nor more than ten Directors.
/ by whom a President and Vice Presi-
| dent shall be elected and a Secretary
and Treasurer appointed The directors
shall be elected by and from among the
stockholders on the first day Of Janu
AIRY in each year. Until their successors
have been elected and have qualified
the following named persons shall be
the Directors and Officers: F. S. West
| fall. J. b Westfall, w. F. Boiling and
/ G. L. CARRIER.
ARTICLE VII.
The highest amount of Indebtedness
or liability. direct or contingent, to
which this Corporation shall at any
time subject itself is Sixteen thousand
dollars (s16,OOO.OO) which amount does
not exceed two thirds the amount Of
I the capital stock
ARTICLE VIII.
The private property OF the stock
holders of this Corporation shall be
exempt from corporate debts of any
! kind whatsoever.
ARTICLE X.
At any stockholders meeting of this
Corporation stock may be voted by
proxy.
IN WITNESS WHEREOF, We have
set our hands and seals this 9th day of
April, 1911.
(SEAL.) F. S. WESTFALL.