The copper era and Morenci leader., 1912-01-05
Articles of Incorporation of State < Bank of Morenci.

purpose of forming a corporation un- der the laws of the Territory of Ari- zona to engage in and carry on the lawful business enterprises and pur- suits hereinafter named and specified and we do hereby acknowledge and subscribe, according to law these Ar ticleS of Incorporation and certify and declare:
 l. The name assumed by this cor poration and by which it shall be known is State Bank of Morenci" and it's principal place of business shall be at the town of Morenci, Coun- ty Of Greenlee. Territory of Arizona. The corporate existence of this cor poration shall begin on the day of the filing of these Articles of Incorpora- tion in the office of the County Re corder of the County of Greenlee, Ter ritory of Arizona, and the filing of a certified copy of the same in the office of the Auditor of the Territory of Ar zona and shall terminate twenty-five years thereafter.
 2. The nature of the business to be transacted by this corporation and which it is authorized to transact is that of a general banking business and for this purpose it may open and conduct banking house or houses at the said town of Morenci or else where in the Territory of Arizona, buy and sell exchange and other credits. borrow and loan money, accept depos- it's of money, give and take mortgages of real estate and personal property of every description, own, lease, buy and sell real estate and other proper ty and transact any and all business appurtenant or auxiliary to any of the above purposes. "a
 g. The amount of the capital stock of this corporation shall be Thirty Thousand Dollars ($30,O00.00) diyidsd1 into Three Hundred shares (303l of I the par value of One Hundred Dof!afy ($10O .00) per share, to be issned ttsi subscribers on payment Id lawet:fl money of the United States of the ful; par valrie thereof, or such gr.s:.'er val ue as may pc fixed by the Board of Directors, and when issued, shall be deemed '1.,. paid and non-asse s''irle
 4. The J-.siness of this cori.oratIcr. shall be cons:ucted by Board of Di- rectors consisting of not less than five (5) nor more than nine (9) stock holders who shall be elected annually by the stockholders on the first Mon day in April of each year, said cleo tion to be held at the principal place | of business mentioned in these artic- les. Notice of the time and place of such meetings to be given in such manner as the Bylaws hereafter ad- opted by this corporation shall pro- vide. Said Directors shall hold their office for the term of one year from | the date of their election and until thir successors shall have been cleo ted and qualified. The following named persons who are subscribers to 1 the capital stock of this corporation shall constitute the Board of Directors | until the first Monday in April, 1912, and until their successors shall have | been elected, viz: G. B. Goodrich, c. B. Nonnamaker, B. Cortiana, Sam Abra- | ham, C. Cooper, John D. Williams and w. J. Riley.
 Vacancies on the Board shall be filled by the remaining members who s!a.I elect persons to serve during the members of such Board shall con stitrte a quorum for the transaction o.s nuslHesS and any reeiUavly cal.sd meeting at which Quo::lm shall be pi ,.Sert. shall be deemed a gal il'Ce'- iJt:s ;.nc have the same authority as a | f.>! Board.
 5. The officers of this corporation shall consist of President, Vice | President, Cashier and such other of ficers as the Board of Directors may | deem necessary to conduct the busi- ness of the corporation. All officers shall be elected annually by the Board | of Directors and shall serve one year | and until their successors shall have | been elected and qualified. Officers l becoming vacant shall be filled by the i Board of Directors who shall elect per | sons to serve during the unexpired | term. The following named persons shall constitute the officers of this l corporation until the first annual | meeting of the Directors which shall be held on the first Monday in Alp Til, 1912, viz G. B. Goodrich, President, C. B. Nonamaker Vice President, and | John D. Williams Cashier.
 ,. The highest amount ot indebted 1 ness, direct or contingent, to which sk1s corporation may subject itself is tho sum of Ten Thousand Dollars $(10,O00) and the stockholders of this corporation and their private property sI ali be exempt from all liability m I account of the debts of this corpoIo tir:i
 '. The Board D 0irectj:s of tois SC = ration shall have power C' e. jaJlish Bylaws and make all needful fl: ,s and regulations for the F anage- neat of the affairs of dis corporGtie n an. the government of tho officers thereof not inconsistent with the laws ar. constitution of the Unite; S:aies aaL the laws of the Territory Of Arr zofit
 IN WITNESS WHEREOF, we have hereunto set our hands and seals this 3rd day of November, 1911.
 C. B. NONNAMAKER, (seaD |
 SAM ABRAHAM, (seaD |
 w. J. RILEY, (seaD | Territory of Arizona, County of Green
 Pafo,a mo Tobr R HamntOu No |