Arizona republican., 1912-12-02

tion; to discount bills. notes. and other commercial paper, and to buy and sell securities. gold silver, cop per and lead bullion and ores, for eign coins or bills of exchange and all evidences of debt; and generally, to buy, sell, discount and deal in all negotiable paper, including promisOry notes, mortgages, on real or personal property, or both. stocks. bonds, town, city county, state or other municipal warrants; and to do and carry on the business of banking in all its branches.
 Also to do a general trust business receiving, holding and disposing Of all kinds of personal and real prop erty, as trustee, or in any other fiduciary capacity to act as trustee of all kinds of estates and properties; to act as executor of wills, and ad- ministrator of estates of deceased persons; as guardian of the estates an0 property of infants or other per 1 sons laboring under legal disability or restraint, or for whose property i a guardian may be appointed for any reason, by a court of competent jur 1 isdiction to act as assignee, receiv l CT or depositary.
 ARTICLE III. The authorized amount of capital stock of this corporation shall be | One Hundred Thousand ($100, ,000.00) Dollars, divided into One Thousands i G.OOO) shares of the par value of ! one Hundred ($1000O Dollars each. which said capital stock shall be paid for in cash when issued. No shares of capital stock shall be is sued until fully paid for.
 ARTICLE "
 The time of the commencement of the Corporation shall be the date of
 the issuance to it by the Arizona
 Corporation Commission of Certfi-
 cate of Incorporation and the term ination thereof shall be twenty five
 years thereafter, with the privilege
 of renewal as provided by law. ARTICLE V.
 The affairs of this Corporation shall be conducted by a Board o , Directors, consisting of not less thar
 three members, nor more than eleven and such officers as such director! may elect or appoint. The number of directors shall be designated D!
 the stockholders and shall be elected
 from among the stockholders at thei annual meeting to be held on tn T second Tuesday in January of eacl year Until the first annual meeting ' of stockholders and until their sue
 cessors have been elected and hay 2 qualified, the following named per f sons shall be the directors: = A J. Chandler, of Mesa Arizona R. M. Turner, of Chandler. Arizona U. R. Halstead, of Mesa, Arizona Il H. D. Clark, of Chandler, Arizona = and John Anderson, of Chandler, Ari
 zona.
 ARTICLE VI
 The Directors shall have the powe E to adopt amend and rescind bylaw
 and to fill vacancies occurring in tn 2 Board from any cause. e ARTICLE VII Q The highest amount of idebtednes o or liability to which this cOrporatio $ may at any one time subject itsel
 shall not exceed two thirds of it
 outstanding paid up stock, exclusiv e of deposits received in course of bus 1. mess; securities taken as indemnit <, or funds and property received an c held in trust, or surety contracts, O d which no cause of action has ac s crued.
 = ARTICLE VIII. a The private property of the stock
 holders of this corporation shall b
 forever exempt from all corporal IS debts and liabilities of any kin = WhatSC ever.
 IN WITNESS WHEREOF w d lave hereunto set our hands an e seals this 22rd day of Novembel t; A. D. 1912.
 d A. J. CHANDLER. (Seal) d R. M TURNER. (Seal) Il J. R. HALSTEAD. (SealD 1T H. D. CLARK. (Seal) \