Arizona republican., 1911-04-20
ARTICLE III


 cOpa County, and at such other places as the Board of Directors may de- termie, where meetings of Stockhold- CTS and Directors may be held and all 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 bOr- 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 se- 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 d 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 prOmssory 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 to mortgage, convey or otherwise dis pose of property of every kind. charac- ter and description, real, personal and mixed; to purchase or otherwise ac- quire 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, chOses 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, 5,OOOOO) divided into two hundred and fifty shares of the par value of one hundred and no-1OO dollars (s1OO.OO) each. At such time as the Board of Directors may by resolution direct, said capital stock shall be paid into this Corpora tiOn, 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 on-assessab ble, and in the ab- sence of actual fraud in. the transac- tiOn the judgment of the Directors as to the value of the property purchased shall be conclusive.
 ARTICLE "
 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. a 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- ary 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 | c. L. Garber.
 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 l dollars 16,O0O.OO) which amount does | not exceed two-thirds the amount of | 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 TX.
 At any stockholders meeting of this | Corporation stock may be voted by | proxy.
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