Arizona republican., 1912-03-24
PAGE THREE.

board Of directors may determine Provided. that all stock shall be sol1 for cash at not less than par. ARTICLE V. The time of the commencement of this corporation shall be at the date Of the filing of these articles of in lcorpordtiOn with the proper officer or officers of the state of Arizona and the termination thereof shall b. twenty five t25) years from and after IsuCh date.
 ARTICLE VI.
 The officers of this corporation shall be 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 shall from time to time determine.
 The affairs of this corporation shall be conducted by a board of di- rectors. which shall consist of not more than twenty (20). nor less than ififteen G5l members.
 The first board of directors shall consist of fifteen G5 members. brt said board may. by a resolution in writing duly passed by a majority thereof. at an time increase said board of directors from fifteen G5J to twenty (2O, 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.
 TNs. .-l,~ be selected from among the stock holders and incorporatOrs hereof. and when so elected shall. from among their number. elect the officers of this company. and shall have the power to appoint from their number an Execu- tive Committee and such other officer CT officers as they may deem neces- sary. vesting in such persons all the power which they may deem ex- pedient.
 The first Board of Directors shall bc elected at a meeting. the date of which is to be designated by the iincorporators hereof.
 ARTICLE VII
 The greatest amount of indebted ness or liability to which this corpO ration shall at any time subject it self. over and above the amount due depositors. is Six Hundred. Sixty-siX Thousand. Six Hundred Sixty-six Dol lars tSG66. .66600).
 ARTICLE VIII.
 Each stockholder of this company is liable to the amount of the par value of stock owned by him. equally and ratabie and not one for the oth- CT. but for no other or greater amount.
 IN WITNESS WHEREOF. We have hereunto set our hands and seals this 18th day of March, A. D. 1912
 R. \. FREDERICKS
 II J. McCLUNG
 ! NJ ORMSBY.
 REESE NJ. LING. NOSE DRACHNAN State of Arizona.
 County Of Yavapai. ss.
 Before me. II. A. Cheverton. No tary Public in and for said County and State. on this day personally ap- reared R N Fredericks. known to me to be one of the persons whose name , is subscribed to the foregoing inStru- ment. and acknowledged to me that he executed the same for the purpose and consideration therein expressed. Given under my hand and official seal this 18th day of March, A. n. i19l3.
 H A. CHEVERTON. tNotarial SeaD Notary Public My commission expires February 19th. 1916.
 State of Arizona. County of Maricopa. ss ! Before me. r.. w. Powers. a Notary | Public in and for said County and State. on this day personally appeared U NJ Ormsby. known to me to be | one of the persons whose name is subscribed to the foregoing instru ment. and acknowledged to me that he executed the same for the purpose and cOnsidera ton therein expressed.
 Given under my hand and official seal this goth day of March, A p. l1912.
 F. w POWERS. l CNotarial SeaD Notary Public.
 My commission expires February 18th. 1916.
 State of Arizona. | County of MaricOpa. ss. | Before me. F.. w. Powers. a Notary Public in and for the said County land State. on this day personally ap- reared Reese NJ Ling and Nose Drachmau. known to me to be the lpersOns whose names are subscribed Ito the foregoing instrument, and they. and each of them. acknowledged tn lme that they executed the same for the purpose and consideration therein depressed.
 Given under my hand and official seal this 18th day of March, A D. 1912
 F. w. POWERS, | (Notarial SeaD Notary Public.
 My commission expires February .i19. 1916.
 State of Arizona.
 County of MariCOpa, ss 1 Before me. F. w. Powers. a Notary Public in and for said County and State. on this day personally appeared lH. J. McClung. known to me to be lone of the persons whose names IS lsubscribed to the foregoing instru- lment and acknowledged to me that he executed the same for the purpose land consideration therein expressed.
 Given under my hand and official seal this 22nd day of March. A. D-