Arizona republican., 1912-02-20

meetings of the corporation and per form al corporate acts at such places as said Board may determine and di- rect; to fix the time for declaring and paying dividends; to authorize and cause to be executed notes. war rants. and payments of dividends; to authorize notes. bonds, debenturcs. 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. rccogniz- anccs. verifications. acknowledgements Qualifications. 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 and ad-
 
 when so authorized the same shall become and be the voluntary act and deed of the corporation: to elect the officers and employees and appoint all necessary agents, attorneys. scrv- ants, employees and laborers Of every kind for said corporation and to fix and determine and cause to be paid the compensation for services, rem Gered or to be rendered. by the di- rectors, officers, appointecs, attor- neys. agents. servants, and laborers of the corporation; and to fix and determine, demand, collect and re- ccive payment for all services rcn- dercd 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 all bylaws. rules, regulations and orders of the corpor- atiOn
 By resolution to appoint two or more of their number [" constitute an executive committee which com mittce 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 il by said Board and resolu- ton in the management of the busi- ness and affairs of the corporation with power to authorize the seal Of the corporation to be affixed to all papers TT instrum -nts requiring the same.
 Any vacancy occurring in the Board of Directors shall be filled for the ncNpired term thereof by an election held by tn remaining members of the Board
 The officers of this corporation shah be a president. one or more vice-p presidents. secretary, one or more assistant secretaries. treasur- or. one or more aSsistant-trcasurers Ia cashier. one or more assistant cashiers. an attorney. one or more as- siStant-attorncys. an auditor, one or more assistant-auditors. and such officers as the Board of Directors may from time Co 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 of whom shall hold office for one year ana until their successors are elected and qualified. unless sooner removed by tn" Board of Directors which the said Board is hereby expressly authorized and om- powered to do for any reason it may Ceem sufficient. all such elections. appointments and removals to be conducted in the manner directed by said Board Of Directors. Provided. that no assistant officer shall be elect ed until Slia Board of Directors shall deem such assistant officer necessary. provided fur lner, that the same person may. by li-ec,jon ofthe Board of Dirpc- 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 u majority vote of the whole Board Any meeting or 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
 
 ness 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 S500. .000.00) 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 Whercsocver 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. CSeaD
 J. l.. OLSEN. (SeaD TERRITORY OF ARIZONA, County of Maricopa-ss.