Arizona republican., 1912-02-15

mittee shall for the time being. as
provided by said resolution or in the
bylaws have and exercise all of the
powers which may be lawfully dele
gated 10 il by said Board and resolu-
tion in the management of the bust
ness and affairs of the corporation
with power 20 authorize the seal of the
corporation TO be affixed 10 all papers
,r Instruments requiring the same.
Any vacancy occurring in the Board
OF Directors shall be filled for the
unexpired term thereof 10y an election
Z held by the remaining members ot
/ the Board
( The officers of this corporation
shall be a president. one or more
! e-presidents. a secretary, one or
more assistant secretaries. a treasur-
r. one or more Observation-Disclosures.
a cashier. one or more assistant
cashiers. an attorney. one or more as
sistant-att0rncys. an auditor one or
more assistant auditors. ana such
officers as tire Board Of Directors
may from time To time determine. di-
I rect and appoint. Ill Of said officers
shall be elected or appointed by the
/ Board OF Directors at the annual
I meeting of the directors To be held
I On the second Wednesday of January
/ in each year. and all of whom shall
/ hOd office for one year and until their
successors are elected and qualified.
unless sooner removed by the Board
/ OF Directors. which the said Board *
! hereby expressly authorized and en-
| powered To do for any reason it may
Geem sufficient. all such elections.
appointments and removals TO b.
conducted in the manner directed by
said Board of Directors. Provided.
tlaJ no assistant officer shall be elect
eel until s1id Board Of Directors shall
deem such assistant officer necessary.
provided further that the same person
may by direction ofthe Board OF Dir.c-
tors. hold any two offices not incon-
sistent o~ in conflict one with IN"
other
All acts. elections. appointments
and orders OF the Board of Directors
shall be done and performed by
majority vote of the whole Board
ANY meeting of said Board with or
without notice. at which all directors
are present, shall be regular meet
ing. y majority of the actual mem
beers of said Board shall constitute. a
quorum for the transaction of bust
Eess at all meetings of the Board
ARTICLE vi
The highest amount OF Indebted
ness or liability 20 which this cor
porJtion is at any time t. subject IT,
self or To BE- subject shall not exceed
the sum of Eve Hundred Thousand
t$560. o00.00D Dollars. exclusive Of
property and funds received in any
fiduciary capacity.
ARTICLE VII
The private property of the stock
holders of this corporation shall h.
and is hereby made forever exempt
from all liability for the debts and
obligations OF the corporation. and
the stockholders. officers and direc-
tors of the corporation and their priv
ate property shall be exempt from all
corporate debts wheresOever incurred
IN WITNESS WHEREOF. we have
hereto set our hands and seal this
10th day of February. 1912
ALE. LIE BARON. (SeaD
f. L. MANNING. tSeaD
J. Y. OLSEN. (ScaD
TERRITORY OF ARIZONA.
County Of Maricopa-ss.
Before me. Geo. A. Aintz. a Notary
Public in and for the county Of Mari
copa. Territory of Arizona aforesaid.
On this dav personally appeared: All
G. LeBaron. Z. l.. Manning and j. L.
Olsen, known to me To be the per-
sons whose names are subscribed To
the above and foregoing Instrument
ARTICLES of Incorporation of Mort
gage Loan and Investment Company
and Acknowledged To me that they
executed the same for the purposes
and consideration therein expressed
Given under my hand and seal of
office this 10th day of February. 1912
Ny commission expires April 8.
1913.
(SeaD GEO A. NUNTZ.
Notary Public.
Filed and recorded in the office 90
the Recorder of Maricopa County.
Arizona. on the 18th day of Fcbru-
AIRY. \. ID. 1912.