Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1912-02-16

| ibIli al corporate dClS AT SuCn places
as said Board may determine and di-
rect: To fix the time for declaring
ana paying dividends: TO authorize
and cause to be executed notes. war
rants. and payments of dividends: To
authorize notes bonds. debenturcs
stipulatiuns. certificates of deposit.
stock certificates trust certificates
and agreements. mortgages, deeds.
and deeds of trust. liens. releases of
mortgages and other liens. convey
ances, assignments. contracts. powers
of attorney. appointments. rccogniz-
arces. Notifications, acknowledgements.
iustifications, 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 corporations: and
when 50 authorized the same shall
become and be the voluntary act and
/ deed Of the corporations: To elect the
officers and employees and appoint
| all necessary agents. attorneys Scrv-
ants. employees ana laborcrs of every
kind for said corporation and To fin
and determine and cause To bc paid
the compensation for services. rem
Gcred or To be rendered. by the di-
|
ncys. agents. servants. and laborcrs
of the corporation; and To fix and
determine. demand, collect and re-
ccivc payment for all services rem
dcred by the corporation for others
and the purchase price Of all property
Of the corporation sold and disposed
Of: to make. establish. alter. amend.
repeal or rescind al bylaws. rules,
regulations and orders Of the corpor-
alton.
BY resolution To- appoint two or
more Of their number 10 constitute
an executive committee. which COM
mittee shall for the time being. as
provided by said resolution or in the
bylaws. have and exercise all of the
powers which may be lawfully dele
gated to it by said Board and resolu-
tion in the management of the bust
ness and affairs of the corporation
with power 20 authorize the seal of the
corporation 10 be affixed To- all papers
ct instruments requiring the same.
Any vacancy occurring in the Board
of Directors shall be filled for the
unexpired term thereof by an election
held by the remaining members Of
the Board.
The officers of this corporation
shall be a president one or more
vice presidents. Il secretary, one or
more assistant secretaries. a trcasur-
or, one or more assistant trcasurcrs,
cashier. one or more assistant
cashiers. an attorney. one or more as
istant-attorneys, an auditor. one or
more assistant auditors. and such
officers as the Board Of Directors
may from time TO time determine. d. !
rect and appoint. All of said officers
shall be elected or appointed by the |
Board of Directors at the annual |
meeting of the directors 10 be held !
on the second Wednesday of January
in each year. and all Of whom shall |
bold office for one year ami until their |
successors are elected and qualified |
unless sooner removed by the Board /
OF Directors. which the said Board is |
hereby expressly authorized and em- |
powered To do for any reason it may /
deem sufficient all such elections. |
and removals 10 be |
conducted in the manner directed by |
said Board of Directors. Provided.
that no assistant officer shall be elect
ed until SAID Board of Directors shall
deem such assistant officer necessary.
provided further. that the same person
may, by direction Of the Board of Direc-
tors, hold any two offices not incOn-
sistent or in conflict one with the
other.
All acts. elections. appointments
and orders OF the Board of Directors
shall be done and performed by a
vote of the whole Board.
Any meeting of said Board. with or
without notice. at which all directors L
are present, shall be regular meet
ing. \ majority of the actual MEM
bers of said Board shall constitute a
quorum for the transaction Of bust i
ress 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. 100000 Dollars. exclusive Of /
property and funds received in any
capacity.
ARTICLE VII
The private property of the stock
FOLDERS of this corporation shall be
and is hereby made forever exempt
rom all liability for the debts and
obligations of the corporation. and
he stockholders. officers and direc-
crs of the corporation and their priv
tie property shall be exempt from all
corporate debts wheresOever incurred.
IN WITNESS WHEREOF. we have
hereto set our hands and seal this
9th day Of February, 1912.
ALE. LIE BARON. (ScaD
T.. L. MANNING. (SeaD
J. J. OLSEN, (SeaD
OF ARIZONA. (
County Of Maricopa-ss.
Before me. Geo. \. Mntz. a Notary -,
public in and for the county of Mari
,opa, Territory Of Arizona aforesaid