Arizona republican., 1912-02-21

empowered to- by election or ap- pointment as the case may require, fill all vacancies that may occur either in the Board of directors or any office or officer of the corpora ton for the uneXpired term Of such director or officer; to have one or more offices and to keep the books and records and seal and hold the meetings of the corporation and per form all corporate acts at sIch places as said Board may determine and di- rect; to fix the time for declaring and paying dividends; to authorize lnd cause to be executed notes. war rants and payments of dividends to au- thorize notes. bonds, debentures, stipu- lGtions, certificates of deposit. releases of mortgages and other liens. stock cer- uficates, trust certificates and agree ments. mortgages. deeds. and deeds of trust, liens, conveyances, assign ments. contracts, powers of attorner appointments. recognizances, verifi- cations, acknowledgements, justfica- tons, affidavits, and any and all other kinds of appointments of agents attorneys and employees and any and all other kinds of instruments in writ | ing whatsoever; and to sell. assign. transfer, grant, convey, distribute, de- ! liver, or otherwise dispose of any or all of the property real or per sonal of the corporation and to dc- quire in any manner whatsoever any and all kinds of property that said Board may deem proper and advis- ! able for said corporation; and when so authorized the same shall become | and be the voluntary act and dead l of the corporation; to elect officers | and employees and appoint all nee essary agents. attorneys, servants. employees and laborers of every kind for said corporation and to fix and determine and cause to be paid the | compensatiOns for services. rendered | or to be rendered, by the directors. officers, appOinteeS, attorneys, agents, servants. and laborers of the corpOr- ation; and to fix and determine. de-
 mand, collect and receive payment Tor all services rendered by the cor poration for others and the purchase price of all property of the corpora ton sold and disposed of to make. establish, alter, amend. repeal, or re- scInd all bylaws, rules. regulations and orders of the corporation.
 By resolution to appoint two CT
 more Of their number to constitute
 an executive committee which com
 mittee shall for the time being, as provided by said resolution or in the bylaws. have and exercise all the powers delegated to it by said Board
 and said resolution in the manage
 ment of the business and affairs If
 the corporation with power to au-
 thorize the seal of the corporation 10
 be affixed to all papers or instru-
 ments requiring the same
 Any vacancy occurring in the Board
 of Directors shall be filled for the
 unexpired term thereof by an eiec-
 ton held by the remaining members
 Of the Board.
 The officers of this corporation
 shall be president. one or more
 vice presidents, secretary. one or l more assistant secretaries a treas urer, one or more assistant -treasurers.
 a cashier. one or more assistant cash iers, an attorney, one Jr more assistant attorneys an auditor, one or more assistant-auditors. and such other of ficers as the Board of Directors may rom time to time determine direct and appoint. All of said officers shall be elected or appointed by the Board of Directors at the annual meeting of the directors to be held on the second Wednesday of Jan i uary in each year. and all of whom shall hold office for one year and until their successors are elected and qualified, unless sooner removed by | the Board of Directors which the said Board is hereby expressly au- ! thorized and empowered to do for any reason it may deem sufficient
 all such elections. appointments and removals to be conducted in the man her directed by the said Board If Directors. Provided, that no assist ant officer shall be elected until said Board of Directors shall deem such assistant officer necessary. Provided. further, that the same person may by direction Of the Board of Direc-
 tors. hold any two offices not incon-
 Sistant or in conflict one with the | other
 All acts. elections. appointments ani orders of the Board of Directors shall Ibe done and performed by a majority vote of the whole Board. Any meet ing of said Board. with or without notice. at which all directors are pre- sent shall be a regular meeting A majority of the actual members of said Board shall constitute a quorm for the transaction of business at all meetings of the Board
 ARTICLE VT.
 | The highest amount of indebtedness or liability to which this corporation is at any time to subject itself or to be subject shall not exceed the sum ! of FiTe Hundred Thousand (S50O, ,000 | OO Dollars, exclusive of property and funds received in any fiduciary ! capacity.
 | ARTICL VII
 ] The private property of the stock holders of this corporation shall be and is hereby made forever exempt | from all liability for the debts and obligations of the corporation, and the stockholders. officers and directors i of the corporation and their private property shall be exempt from ail corporate debts wheresoever incurred 1 IN WITNESS WHEREOF, we have hereto set our hands and seal this 10th. day of February. 1912 C. F. BETTING (Saan