Arizona republican., 1912-02-18

! MI all vacancies that may occur
either in the Board Of Directors or
any office or officer of the corpora
ton for the uneXpired term of such
| director or officer To- have one or
| more offices and to keep the hooks
and records and seal and hold the
| meetings of the corporation and per
| FORM all corporate acts at such DIaces
as said Board may determine and di-
/ rect; To fix the time for declaring
| ana paying dividends: 10 authorize
ana cause to be executed notes. war
rants and payments Of dividends. To
authorize notes, bonds. debentures
| Supulations. certificates of deposit.
| releases of mortgages and other liens.
| stock certificates. trust certificates
and agreements. mortgages. deeds and
deeds of trust, liens. cOnveyances. as
s'shmentS, contracts. powers of at
torney. appointments. recogniZances
Verifications. acknowledgements. iusti-
iIcations. affidavits. and any and all
/ KINDS Of appointments of agents. AZ
torneys and employees. and anv and
! all other kinds Of Instruments in
writing whatsoever: and to sell as
/ sign, transfer, grant. convey. distrib
/ ute. deliver. or otherwise disDosa Of
any or all of the property real or per
s"nal Of the corporation and To ac
fulre IN any manner whatsoever any
/ ana all kinds of property that said
! BOARD may deem proper and advis-
able Tor said corporation: and when
| 80 authorized the same shall become
ana be the voluntary act and deed Of
! the corporation: L. elect the Officers
ana employees and appoint all neces-
sary agents attorneys. servants. en-
/ ployees and labOrers of every kind for
said corporation and 70 fix and deter
1 mine and cause to be paid the COM
renSation for services. rendered or IN
De rendered. by the directors. offic-
eFs' apopintees. attorneys, agents.
servants and labOrers of the cOrpor-
alton; and 10 fix and determine. de-
nand. collect and receive payment for
/ al services rendered by the corpor-
alton for others and the purchase
price Of all property Of the cOrpora-
| ton sold and disposed Of: To mako
establish. alter amend. repeal. or
rescind all bylaws, rules. regulations
and order Of the corporation.
by resolution To appoint two or
more Of their number To constitute
! m 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 delegated to il bv said Board
and said resolution in the manage
ment of the business and affairs of
| 2
| thoriz" the seal of the corporation IN
ne affixed 70 all papers or instru-
ments 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 mem
beers Of the Board.
The officers of this corporation
shall be president. one or more
vice-presidents. a secretary. one or
more assistant secretaries, treas
urer, one or more assistant treaSur-
ers. cashier. one or more assistant
cashiers, an attorney. one or more
observation-disclosures. an auditor, one
or more observation-disclosures. and such
other officers as the Board of Direc-
tors may from time to time deter
mine. direct and appoint All Of said
iofflcers shall be elected or appointed
| by the Board of Directors at the an
nual meeting Of the directors to be
held on the second Wednesday of
January in each year, and all of
whom shall hold office for one year
and until their successors are elected
and qualified. unless sooner removed
| by the Board of Directors. which the
said Board is hereby expressly au-
/ thorized and empowered 10 do for any
| reason il may deem sufficient. all
such elections. appointments and re-
movals to be conducted in the man.
ner directed By said Board of Direc-
| tors. Provided. that no assistant Of
ficer shall be elected until said Board
Of Directors shall deem such assist
ant officer necessary. Provided. fur
Their, that the same person may. by
direction of the Board of Directors.
hold any two offices not inconsistent
or in conflict one with the other.
All acts, elections. appointments
land 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 regular meet
! ing. majority of the actual mem
bers 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 indebtedness
or liability to which this corporation
/ is at any time to subject itself or to
| be subject shall not exceed the sum
| of Three Hundred Thousand $780,
/ OOO.0O) Dollars. exclusive of property
and funds received i'm 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 pri-
vate property shall be exempt from
all corporate debts wheresoever in
/ CURED.
| IN WITNESS WHEREOF, we have
| hereto set our hands and seal this
/ 10th day Of February. 1912.