Arizona republican., 1911-04-19

of Arizona, shall De at Phoenix. Mari copa County. and at such other places . as the Board of Directors may de termine where meetings of Stockhold- CTS and Directors may be held and all I 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 it's 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 ard 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
 it's notes. debentures or other form of obligation, and if necessary pr advis-
 able, to secure the payment of the same 1 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 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, i debentures and other negotiable or transferable instruments; to enter into, Illdhts DtIlOIlil anu out tOIlTdtlS 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 ".
 l The authorized amount of capital
 stock of this Corporation shall be ! Twenty five Thousand and no-100 dol
 lars s25,OOO.OO) divided into two | hundred and fifty shares of the par value of one hundred and
 no-lOO dollars Cs1OO.OO) 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 l 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 nOn- -assessable and in the ab-
 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 shah 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 i be conducted b a Board of not less l Indn three nor more IIldu ten DlTeCIOTSs 1 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: r. s. West | fall, J. B. Westfall, w. F Boiling and i 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 dollars (S16.O0O.0O) which amount does
 not exceed two-thirds the amount of | the capital stock.
 ARTICLE VIII.
 Tho yriu ta Df cta