Arizona republican., 1912-02-17

Q
form al corporate acts at such places
as said Board may determine and di-
rect: To fix the time for declaring
and paving dividends: To authorize
and cause TO be executed notes. war
rants. and payments of dividends: To
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
ances. assignments. contracts, powers
of attorney, appointments, recogniZ-
ances 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
OF personal OF the corporation and
To acquire i'm any manner whatsoever
any and all kinds OF property that
said Board may deem proper and ad-
Nisable for said corporation: and
when 80 authorized the same shall
become and be the voluntary act and
deed Of the corporation. 10 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 he paid
the compensation for services. rem
dered or To- be rendered, by the di-
rcctors. officers appointees, attor-
neys agents. servants. and laborers
OF the corporation; and to fix and
determine. demand. collect and re-
ceive payment for all services rem
dered by the corporation for others
and the purchase price OF all property
Of the corporation sold and disposed
Of. To make establish. alter. amend.
repeai or reScind all bylaws. rules,
regulations and orders Of the corpor-
alton.
BY resolution To appoint two or
more Of their number To constitute
an executive committee which COM
mittee shall for the time being. as
provided by said resolution or i'm the
bylaws. have and exercise all of the
powers which may be lawfully dele
gated To il by said Board and resolu-
ton in the management of the bust
ness and affairs Of the corporation
with power 20 authorize the seal Of the
corporation to be affixed to all papers
Ct instruments requiring the same.
Any vacancy occurring in the Board
of Directors shall be filled for the
mexpired term thereof by an election
held by the remaining members OF
the Board
The officers of this corporation
shall be a president. one OF more
vice presidents, secretary. one oT
more assistant secretaries. treasur-
cr. one OF more assistant treasurerS.
cashier. one or more assistant
cashiers. an attorney. one or more as
sistant-attorneys, an auditor. one or
more observation-disclosures and such
officers as the Board Of Directors
may from time to time determine. di-
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
in each year. and all 81 whom shall
! bold office for one year and until their
Successors are elected and qualified.
unless sooner removed by tho Board
| OF Directors. which the said Board Is
| hereby expressly authorized and EN-
powered To do for any reason it may
Geem sufficient all such elections.
appointments and removals To- be
conducted in the manner directed by
of
that no assistant officer shall be elect
ed until S1id Board of Directors shall
deem such assistant officer necessary.
provided further, that the same person
may. by direction Of the Board Of Dircc-
tors. hold any two offices not incon-
sistent or in conflict one with tho
other
All acts. elections. appointments
and orders OF the Board of Directors
shall be done and performed by a
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 MEM
bers Of said Board shall constitute
quorum for the transaction Of bust
7 less dl an il'tililSS 81 lil' bpdIh
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, 600 .00D Dollars. exclusive Of
property and funds received in any
fiduciary capacity.
ARTICLE VII
The private property of the stock
holders of this corporation shall be
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, (SeaD
J. J.. OLSEN (SeaD
TERRITORY OF ARIZONA,
County of Maricopa-sS.
Before me. Geo. A MintZ a Notary
Public in and for the county Of Mari
cOpa. Territory of Arizona aforesaid.
this .laV nprSnDalIN- 1nnparpH. All