Arizona republican., 1912-03-25
PAGE THREE.

fore the corporation commences the transaction of business. The balance jof the stock shall be issued at such times and in such amounts as the Iboard of directors may determine.
 Provided. that all stock shall be soll flor cash at not less than par. l ARTICLE V. | The time of the commencement of ithis corporation shall be at the date Iof tho. filing of these articles of in lcorporation with the proper officer Tor officers of the state of Arizona. land the termination thereof shall b.
 twenty five (25) years from and after Isuch date.
 l ARTICLE VI 1 The officers of this corporation shad
 be a president, vice president. sccre- ltarv and cashier. both Of which last
 named offices may be filled by the
 same person. and such other officer lOr officers as the board of directors
 shall from time to time determine. | The affairs of this corporation
 shall be conducted by a board of di-
 rectors. which shall consist of not
 more than twenty (20), nor less than
 fifteen G5) members. | The first board of directors shalt
 consist of fifteen Gj) members, brt
 said board may. by resolution m
 writing duly passed by majority thereof. at an time increase said
 board of directors from fifteen Q5I
 to twenty (20), or any intermediate humber
 The directors must be stockholders
 in the corporation and shall be elected 1 a; the annual meeting of the stock holders to be held on the third Sat- urday in January of each year. ! The first Board of Directors shalt
 be selected from among the stock
 holders and incorporators hereof. and when so elected shall. from among l their number, elect the officers of this
 cCmpany, and shall have the power to
 appoint from their number an EXecu- | tive Committee and such other officer
 f CT officers as they may deem neces- sary. vesting in such persons all the power which they may deem eX-
 pedient.
 | The first Board of Directors shall ! be elected at a meeting, the date ot which is to be designated by the 1 iincorporators hereof. ARTICLE VII. l The greatest amount Of indebted ness or liability to which this corpO- ration shall at any time subject it. ! self. over and above the amount due depositors. is Six Hundred. Sixty-siX Thousand. Six Hundred, SiXty-six Dol | lars (S666. .666.00). ARTICLE VIII | Each stockhoIder of this company ' is liable to the amount of the par value of stock owned by him. equally and ratabte and not one for the oth- ' CT. but for no other or greater amount ! IN WITNESS WHEREOF. We have ! hereuntu set our hands and seals this | 18th day of March. A. D. 1912. R. N. FREDERICKS 1 II. J. McCLUNG- [ J. NJ. ORMSBY. REESE NJ LING. NOSE DRACHMAN State of Arizona. County of Yavapai. ss- l Before me. IT A. Cheverton, No
 tary Public in and for said County land State oh this day personally sp-
 N
 to be one of the persons whose name 1 is subscribed to the foregoing instru- ment. and acknowledged to me that he executed the same for the purpose and consideration therein expressed. Given under my hand and official seal this 18th day of March, A. b.
 1912.
 { H. A. CHEVERTON. ! l(Notarial SeaD Notary Public. My commission expires February i19th. 1916.
 State of Arizona.
 County of Maricopa. ss Before me F.. w. Powers. Notary Public in and for said County and
 State. on this day personally appeared U NJ Ormsby. known to me tO ba lone of the persons whose name is !subscribed to the foregoing instru-
 ment. and acknowledged to me that
 he executed the same for the purpose land consideration therein expressed. Given under my hand and official Iseal this 20th day of March. A D. Il912
 i E w. POWERS. Notariai SeaD Notary Public.
 My commission expires February 18th. 1916.
 iState of Arizona.
 County of Maricopa ss
 Before me. F. ". Powers. @ Notary lP1lbiic in and for the said County land State. on this day personally ap- reared Reese M. Ling and Nose Drachman. known to me to be the Ipersons whose names are subscribed Ito the foregoing instrument. and they. land each of them. acknowledged to
 me that they executed the same for 1.-the purpose and consideration therein depressed.
 Given under my hand and official lseai this 18th day of March, A. b. i1912.
 F. W. POWERS. (Notariai Sean Notary Public. My commission expires February l19. l91s
 lState of Arizona. County of MaricOpa. ss.
 Befor, me. F. w. Powers. a Notary Public in and for said County and
 lState. on this day personally appeared H. J. McClung, known to me to be lone of the persons whose names Is subscribed to the foregoing inStru-
 i N1,saE