Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1912-02-17


ton for the uneXpired term of such
director or officer: To have one or
more offices and to keep the books
ana records and seal and hold the
meetings Of the corporation and per-
form all corporate acts At such places
as said Board may determine and di-
rect; TO fix the time for declaring
and paying dividends: to authorize
and cause 10 be executed notes. war
rants, and payments Of dividends, to
authorize notes, bonds. debentures.
supulations. certificates Of deposit.
releases of mortgages and other liens.
STOCK certificates. trust certificates
and agreements. mortgages, deeds and
deeds Of trust, liens. cOnVeyanccs. as
signments. contracts. powers Of at
torney, appointments. recognizances.
notifications. ACCOMPLISHMENTS. iusti-
fications. affidavits. and any and all
kinds Of appointments of agents. at
torneys and employees, and any and
all other kinds of Instruments i'm
writing whatsoever; and To- sell. as
sign, transfer, grant, convey distrib-
ute. deliver, or otherwise dispose Of
any or all of the property real or per
sonal Of the corporation and 10 ac-
quire in any manner whatsoever any
and all kinds Of property that said
Board may deem proper and adyis-
able for said corporation: and when
So authorized tho same shall become
and be the voluntary act and deed Of
the corporation; to elect the officers
and employees and appoint all neces-
81
ployees and laborers of every kind for
said corporation and To fix and Getor-
mine and cause To be paid the COM
pensation for services, rendered or To
be rendered. by the directors. offic-
ers. apOpintees, attorneys. agents.
servants and laborerS Of the corpor-
alton; and to fix and determine. de-
mand. collect and receive PAYMENT for
all services rendered by the corpor-
alton for others and the purchase
price of all property Of the corpora
ton sold and disposed Of: To make.
establish. alter. amend. repeal. or
reScind all bylaws. rules. regulations
and order of the corporation.
BY resolution to appoint two or
more Of their number to constitute
mittee shall for the time being. as
provided by said resolution or in the
bylaws, have and exercise all OF the
powers delegated to il by said Board
and said resolution in the manage
ment Of the business and affairs of
the corporation with power 10 au-
thorize the seal OF the corporation 10
he 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
election held by the remaining men,
bers OF the Board
The officers of this corporation
shall be a president. one or more
vice presidents. q secretary, one or
more assistant-secretaric a treas
urer, one or more assistant
ers. a cashier. one or more assistant
cashiers. an attorney. one or more
observation-disclosures. an auditor. one
or more observation-disclosures. and such
other officers as the Board of Direc-
tors may from time To time deter
mine. direct and appoint All of said
officers shall be elected or appointed
by the Board of Directors at the an
nual meeting of the directors To be
held on the second Wednesday of
January 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 re-
mOvalS To be conducted in the man
ner directed By said Board Of Direc-
tors. Provided, that no assistant Of
ficer shall be elected until said Board
Of Directors shall deem such assist
ant officer necessary. Provided, fur
ther. that the same person may. by
direction of the Board of Directors.
hold any two offices not inconsistent
or in conflict one with the other
All acts. elections. appointments
and orders of the Board of Directors
shall be done and performed by Il
ma jority vote of the whole Board.
ANY meeting Of said Board with or
without notice. at which all directors
are present. shall be a regular meet
ing. \ majority of the actual men,
bers of said Board shall constitute 4
quorum for the transaction of bust
ness at all meetings Of the Board.
ARTICLE VI
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
n Three Hundred Thousand (S300.-
OO000) Dollars. exclusive of property
and funds received in any fiduciary
capacity
ARTICLE 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
of the corporation and
the stockholders. officers and direC-
tors Of the corporation and their pri-
vate property shall be exempt from
all corporate debts wheresocver in
Cured.
IN WITNESS WHEREOF. we have
hereto set our hands and seal this
10th day OF February. 1912.
c. f. PETTINGALL. (SeaD
J. L. OLSEN. (SeaD
r L. MANNING. (SeaD
TEppTTOIpV nI- HDIZnNA