Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1912-02-18

as said Board may determine and di-
rect: To fix the tim. for declaring
and paving dividends; To authorize
and cause To be executed notes. war
rants, and payments of dividends; Ia
authorize notes. bonds. debentures,
| stipulations. certificates OF deposit,
stock certificates. trust certificates
and agreements. mortgages. deeds.
and deeds of trust. liens. releases of
mortgages and other liens. convey
iances, assignments. contracts, powers
OF attorney. appointments. recogniz-
anccs. notifications, acknowledgements.
Qualifications. affidavits, and any and
all other kinds Of appointments of
agents. attorneys and employees. and
any and all other kinds of instru-
ments in writing whatsoever; and To
sell. assign. transfer, grant, convey,
| distribute, deliver. or otherwise dis
pose of any or all of the property real
or personal Of the corporation and
TO acquire in any manner whatsoever
any and all kinds of property that
said Board may deem proper ana ad-
! Visablc for said corporation; and
when 50 authorized the same shall
|
deed of the corporation: To elect the
officers and employees and appoint
all necessary agents, attorneys, serv-
ants. employees and laborers of every
kind for said corporation and to fix
and determine and cause To- be paid
the compensation for services. rem
dered or TO be rendered, by the Iii
rcctors, officers. appOint"cs, attor-
neyS. agents. servants, ana laborcrS
| Of the corporation: ana 10 fix and
determine. demand. collect and re-
ccive payment for all services rem
dercd by the corporation for others
and the purchase price of all property
of the corporation sold and disposed
Of: To make, establish. alter, amend.
repcai. or rescind all bylaws. rules.
regulations and orders Of m" corpor-
alton
BY resolution To appoint two or
more Of their number Ia constitute
an executive committee. which com
mittee shall for the time being. as
provided by said resolution or in the
y-laws. have and exercise all Of the
powers which may be lawfully dele
gated To il by said Board and resom-
ton in the management Of the bust
ness and affairs of the corporation
with power 10 authorize the seal Of the
corporation To be affixed To all papers
r instruments requiring the same.
Any vacancy occurring in thr Board
of Directors shall be filled for the
unexpired term thereof 10y an election
held by the remaining members of
the Board.
The officers Of this corporation
shall be Il president. one or more
vice presidents. secretary. one or
more assistant secretaries. a treasur-
cr one or more Observation-Disclosures
cashier one or more assistant
cashiers. an attorney. one or more as
SiStant-atturncyS. an auditor one or
more assistant auditors. and such
officers as the Board of Directors
may from time To- time determine. Iii
rect and appoint. All of said officers
shall be elected or appointed by the
Board of Directors at the annual
meeting of the directors To- be held
on the second Wednesday Of January
i'm each year. and all of whom shall
bold office Cor one year ana until their
Successors are elected and qualified.
unless sooner Removed by the Board
Of Directors. which the said Board *
hereby expressly authorized ami en-
powered To do for any reason it may
Geem sufficient. all such elections,
appointments and removals To be
conducted in the manner directed 10y
said Board of Directors. Provided.
that no assistant officer shall bp elect
ed until saiu Board of Directors shall
deem such assistant officer necessary,
provided further. that the same person
may. IN direction Of1he Board of Dirrc-
tors. hold any two offices not incon-
sistcnt or in conflict one with the
other
All acts. elections. appointments
and orders of the Board of Directors
shall be done and performed by Il
majority vote of the whole Board.
ANY meeting of said Board. with or
without notice. at which all directors
are present. shall be a regular meet
ing majority of the actual men,
bcrs of said Board shall constitute a
quorum for the transaction of bust
ness at all meetings OF the Board.
ARTICLE VI
The highest amount of indebted
ness or liability To which this cor
poration is at any time to subject it
self or to be subject shall not exceed
the sum of Eve Hundred Thousand
$500, 900 0O) Dollars. exclusive of
property and funds received in any
fiduciary capacity.
ARTICLE VII
The private property of the stock
holders of this corporation shall he
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, (ScaD
J. l. OLSEN. (SeaD
TERRITORY OF ARIZONA.
County of Maricopa-ss.
Before me. Geo. a. MintZ. 4 Notary
Public in ard for the county OF Mari
copa. Territory of Arizona aforesaid
on this day personally appeared: Ar