The copper era and Morenci leader., 1911-12-08
Articles of Incorporation of State
 Bank of Morenci.

We, the undersigned, have this day associated ourselves together for the purpose of forming a corporation un- der the laws of the Territory of Ari-. | zona to engage in and carry on the lawful business enterprises and pur- suits hereinafter named and specified and we do hereby acknowledge and subscribe, according to law these Ar ticles of Incorporation and certify and declare:
 l. The name assumed by this cor poration and by which it shall be known is State Bank of Morenci" and it's principal place of business shall be at the town of Morenci, Coun- ty of Greenlee. Territory of Arizona The corporate existence of this cor poration shall begin on the day of the filing of these Articles of Incorpora- tion in the office of the County Re corder of the County of Greenlee, Ter ritory of Arizona, and the filing of a certified copy of the same in the office of the Auditor of the Territory of Ar zona and shall terminate twenty-five years thereafter
 2. The nature of the business to be | transacted by this corporation and which it is authorized to transact is that of a general banking business, and for this purpose it may open and
 
 the said town of Morenci or else where in the Territory of Arizona, buy and sell exchange and other credits, borrow and loan money, accept depos- | its of money, give and take mortgages of real estate and personal property of every description, own, lease, buy and sell real estate and other proper ty and transact any and all business appurtenant or auxiliary to any of the : above purposes
 3. The amount of the capital stock of this corporation shall be ThIr.y Thousand Dollars ($30,000.O0) divided into Three Hundred shares (301) of the par value of One Hundred Doi!arr (s10O.00) per share, to be issled to subscribers on payment Ia Iawe;:l money of the United States of the full par value thereof, or such gran.er val ue as may pc fixed by the Board of Directors, and when issued, shall be deemed J':s paid and non-asse ''luIe
 4. The b-.efnesS of this co-i.orsatIcr shall be conGGcted by a Board of Di- rectors consisting of not less than five (5) nor more than nine (9) stock holders who shall be elected annually by the stockholders on the first Mon day in April of each year, said cleo tion to be held at the principal place of business mentioned in these artic- les. Notice of the time and place of such meetings to- be given in such manner as.-the Bylaws hereafter ad- opted by this corporation shall pro- vide. Said Directors shall hold their office for the term of one year from the date of their election and until thir successors shall have been cleo ted and qualified. The following named persons who are subscribers to the capital stock of this corporation shall constitute the Board of Directors until the first Monday in April, 1912, and until their successors shall have been elected, viz: G. E. Goodrich, c. B. Nonnamaker, B. Cortiana, Sam Abra- ham, G. Cooper, John D. Williams and w. J. Riley.
 Vacancies on the Board shall be filled by the remaining members who shaI elect persons to serve dl ring i;:c JneXpired term. A Ts joritv of the members of such Board shall con Stitute a quorum for the transaction cf ,usniess and any reguauly caI.sG meeting at which a quo; .Im shall be rI -Sect. shaI be deemed :, :- gal meet ijC. inc have the same authority as f.'' Board.
 5. The officers of this corporation shall consist of a President, Vice President, Cashier and such other of ficers as the Board of Directors may deem necessary. to conduct the busi- ness of the corporation. All officers shall be eleetel annually by the Board of Directors and shall serve one year and until their, successors shall have been elected and qualified Officers becoming vacant shall be filled by the Board of Directors who shall elect per sons to serve during the unexpired term. The. following named persons shall constitute the officers of this corporation until the first annual meeting of the Directors which shall be held on the first Monday in Ap- Til, 1912, viz G. E. Goodrich, President, c. B. Nonamaker Vice President, and John D. Williams Cashier
 5. The highest amount of indebted ness, direct or contingent, to- which tfils corporation. may subject itself is tho sum of Ten Thousand Dollars $Q0,000) and the stockholders of this corporation and their private property sl ali be exempt from all liability m account of the debts of this corpM'.- tic.
 :. The Board D Direct j.s of tnis co. ( ration shall have power :, e. tajliSh Bylaws and make an needful TT: aS and regulations Cor the F aaage- neat of the affairs of ,liis cU-po.s.ti, n an. the government Of the ..::ics-- thereci not inconsistent with the laws ar constitution of the Unite' S:ates aaF the laws of the Territory Of Ar ZoG.- r'' .-'--
 IN WITNESS WHEREOF, we have hereunto set our hands and seals this 3rd day of November, 1911.
 G. E. GOODRICH, (seaD
 c. B. NONNAMAKER, (seaD
 SAM ABRAHAM, (seaD
 w J. RILEY, (seaD Territory of Arizona, County of Green
 lee, ss.
 Before me, John R. Hampton, a No tary Public in and for the County of Greenlee, Territory of Arizona on this day rarsnna llNt annaarod C