Arizona republican., 1912-12-01

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 i all evidences of debt; and generally, | to buy, sell, discount and deal in all | paper, including promisory ! notes, mortgages. on real or personal i property, or both, stocks, bonds, town, | city county, state or other municipal | and to do and carry on | the business of banking in all it's i branches
 Also to do a general trust business, i 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 and property of infants or other per sons laboring under legal disability or restraint, or for whose property q guardian may be appointed for any reason, by court of competent jur- isdictiOn; to act as assignee, receiv CT or deDOsitary.
 ARTICLE III
 The authorized amount of capital stock of this corporation shall be one Hundred Thousand (S100,000.O0) Dollars, divided into One Thousands G,0O0) shares of the par value of One Hundred ($l00.0O) 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 W
 The time of the commencement of the Corporation shall be the date of the issuance to it by the Arizona Corporation Commission of a Certifi- 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 of Directors, consisting of not less than three members, nor more than eleven, and such officers as such directors may elect or appoint. The number of directors shall be designated by the stockholders and shall be elected from among the stockholders at their annual meeting to be held on the second Tuesday in January of each year Until the first annual meeting of stockholders and until their sue cessors have been elected and have qualified, the following named per sons shall be the directors: A J. Chandler. of Mesa Arizona; R. M Turner, of Chandler, Arizona; J. R Halstead, of Mesa, Arizona H D. Clark, of Chandler, Arizona {; and John Anderson, of Chandler. Ari- zona.
 ARTICLE VI The Directors shall have the power to adopt, amend and rescind bylaws
 and to fill vacancies occurring in the ! Board from any cause. ARTICLE VII. The highest amount of idebtedness
 or liability to which this corporation I may at any one time subject itself l shall not exceed twO-thirds of it's l outstanding paid up stock exclusive l Of deposits received in course of bus 1 mess; securities taken as indemnity l or funds and property received and 1 held in trust, or surety contracts, on winch no cause of action has ac- | crued
 ARTICLE VIII | The private property of the stock | holders of this corporation shall b. l forever exempt from all cOrporate
 debts and liabilities of any kind | whatsc ever.
 l IN WITNESS WHEREOF We 1 lave hereunto set our hands and seals this 22rd day of November 1 A D. 1912.
 l A. J. CHANDLER. (Seal) R. M TURNER. (SeaD J. R. HALSTEAD. (SeaL) H. D. CLARK. (Seall JOHN ANDERSON. (Sea2 State of Arizona, County of Mari l copa, ss
 ] Before me, F. w. N Dana Notary 1 Public in and for the said Count
 and State, on this day personally i appeared A. T. Chandler, R. N rur- ner. .. R. Halstead H. D. Cla"E, anC John Anderson to me known to be | the persons who subscribed to the | foregoing instrument, and acknowel- | same for the purposes and considera | sam for tn purposes and considera
 tions therein expressed.
 Given under my hand and seal oi l office this 23rd day of November l 1912.
 F. V. N. DANA, | (Seal) Notary Public. My commission expires, Oct. 22n6 l 1916.