Arizona republican., 1912-03-26
PAGE SEVEN.

fore the corporation commences the transaction of business. The balance Tor the stock shall be issued at such
 times and in such amounts as the tboard of directors may determiue. Provided. that all stock shall be snl1 flor cash at not less than par.
 ARTICLE V.
 l The time ot the commencement nf lthis corporation shall be at the date
 Of the filling of these articles of iH- corporation with the proper officer or officers of the state of Arizona.
 and the termination thereof shall br
 twenty-five (25) years from and after such date.
 ARTICLE VI The officers of this corporation shall
 be a president, vice president secre-
 tary and cashier, both of which last
 named offices may be filled by the same person. and such other officer or officers as the board of directors sball from time to time determine.
 The affairs of this corporation lshan be conducted by a board of di-
 rectOrs, which shall consist of not more than twenty (20), nor less than Ififteen 00 members.
 The first board of directors shall consist Of fifteen G5 members. brt said board may. by a resolution in iwritng duly passed by a majority
 thereof, at an time increase said board of directors from fifteen O5) Ito twenty (26). or any intermediate number.
 The directors must be stockholders in the corporation and shall be elected 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 shall
 be selected from among the stock
 holders and incorporatOrs hereof. ana
 when so elected shall. from among
 their number, elect the officers of this Iccmpany. and shall have the power to Iappoint from their number an Execu- Itive Committee and such other officer
 CT officers as they may deem neces- sa-y vesting in such persons all the power which they may deem eX- lpedient.
 The first Board of Directors shall be elected at q meeting the date ot
 which is to be designated by the incOrpOratOrs hereof. ! ARTICLE VII | The greatest amount of indebted ness or liability to which this cnrpo-
 ration shah at any time subject it.
 self. over and above the amount due
 depositors. is Six Hundred. Sixty-sis Thousand. Six Hundred. SiXty-siX Dol
 lars ($CG6, ,G6G.00). | ARTICLE VIII | Each stockhOlder of this company 1 is liable to the amount of the par
 value of stock owned by him. equally
 and ratabe and not one for the Oth-
 CT. but for no other or greater amount. | IN WITNESS WHEREOF. we have lhereunto set our hands and seals this
 18th day of March, A D. 1912. R W. FREDERlCKS. IT. J. McCLUNG. l. NJ ORMSBY | REESE NJ LING. NOSE DRACHMAN State of Arizona. County of Yavapai. ss. | Before me. IT. 4. Cheverton. q No-
 tary Public in and for said County
 and State. on this day personally ap-
 peared R " Fredericks. known tO me
 to he one Of the persons whose name 7 is subscribed to the foregoing inStru-
 ment. and acknowledged to me that he executed the same for the purpns..
 and consideration therein expressed. | Given under my hand and official seal this 18th day or March, \. D. 1912.
 IT A. CIIEVERTON. 1 CNotarial SeaD Notary Public. My commission expires February 18th. 1916.
 State of Arizona.
 County of NaricOpa. sS | Before me. F. W. Powers. q Notary Public in and for said County and State, on this day personally appeared IT NJ. Ormsby, known to me to be ono of the persons whose name is | subscribed to the foregoing instru- ment. and acknowledged t0 me that he executed the same for the purpose
 and consideration therein expressed. Given under my hand and official seal this 20th day of March. A. n. l19l2.
 E. w POWERS. (NOtarial SeaD Notary Public. My commission expires February 19th 1916.
 State of Arizona. County of MariCOpa. Ss. Before me. F.. w. Powers. a Notary Public in and for the said County and State. on this day personally ap- Treared Reese NJ Ling and Nose | Drachman. known to me to he the | persons whose names are subscribed to the foregoing instrument. and they. and each of them. acknowledged {" me that they executed the same for the purpose and consideration therein expressed.
 Given under my hand and official seal this 18th day of March A. D. i 1912.
 F W. POWERS. | (NOtariIl s, aO V .'~'-v '''''i"- My commission expires February l19 1916.
 State of Arizona. County of Maricopa. ss. Before me. r. w. Powers. Notary Public in and for said County and State, on this day personally appeared II. J. McClung known to me to he one of the persons whose names is lsubScribed to the foregoing inStru- tb1F