Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1912-02-18

either in the Board of directors II
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 books
and records and seal and hold the
meetings Of the corporation and per-
form all corporate acts at slch 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 au-
thoriZe notes bonds, debentures, stipu
lGtions certificates of deposit, releases
Of mortgages and other liens. stock GER
tifiCates, trust certificates and agree
ments. mortgages. deeds, and deeds
of trust, liens, conveyances, assign
ments, contracts. powers of attOrney-
appointments, recognizances, verifi-
cations, acknowledgements. justifica-
tons. affidavits. and any and all
other kinds of appointments of agents.
attorneys and employees and any ana
all other kinds of instruments in writ
ing whatsoever; and to sell. assign.
transfer. grant, convey. distribute. de-
liver. or otherwise dispose OF any
or all of the property real or per
sonal of the corporation and To ac-
quire in any manner whatsoever any
and all kinds ~ property that said
Board may deem proper and advis
able for said corporation; and when
so authorized the same shall become
and be the voluntary act and deed
Of the corporation: To elect officers
and employees and appoint all nee
essary agents. attorneys. servants.
employees and laborers Of every kind
for said corporation and to fix and
determine and cause 10 be paid the
compensItions for services, rendered
or To be rendered. by the directors.
officers. appOintces. attorneys, agents.
servants. and labOrers of the cOrpOr-
alton: and To fix and determine. de
mand, collect and receive payment
for all services rendered by the cor
p0ration for others ana the purchase
price IF all property Of the corpora
tiun sold and disposed of. 10 make.
establish, alter. amend. repeal. or re-
Scind all bylaws, rules. regulations
and orders of the corporation.
BY resolution to appoint two or
more OF their number 10 constitute
an executive committee which com
mittco shall for the time being, ~
provided by said resolution or in the
bylaws. have and exercise all the
powers delegated To it by said Board
and said resolution in the manage
ment of the business and affairs If
the corporation with power 10 Az
thorize the seal Of the corporation To
he affixed to all papers or inst-u-
ments requiring the same.
Any vacancy occurring in the Board
Of Directors shall be filled for the
unexpired term thereof by an cleo
ton held by the remaining members
or the Board
The officers of this corporation
shall he president, one or more
vice presidents. a sccrettry, one or
more assistant sccretaries, treas
urcr. one or more assistant treasurerS.
q cashier. one or more assistant cash
IRIS. an attorney. one pr more assistant
attorneys. an. auditor one or more
observation-disclosures. and such other Of
ficers as the Board of Directors may
from time To- time determine, direct
and appoint. All Of said officers
shall be elected or appointed by the
Board Of Directors at the annual
meeting of the directors to he held
on the second Wednesday of jan
uary 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 to do iCr
any reason il may deem sufficient.
all such elections. appointments AMI
removals to be conducted in the man
ner directed by the said Board #
Directors. Provided. that no assist
ant officer shall he elected until said
Board of Directors shall deem such
assistant officer necessary. Provided.
further. that the same person may.
bv direction Of the Board of Dire
tors. hold any two offices not incon-
sis;ant or in conflict one with the
other.
All acts. elections. appointments ami
orders of the Board of Directors shall
be done and performed by a majority
vote of the whole Board. Any meet
ing of said Board. with or without
notice. at which all directors are pre-
sent. shall be a regular meeting. \
majority Of the actual members Of
said Board shall constitute a quor1
for the transaction Of business at all
meetings of the Board.
ARTICLE VI.
The highest amount of Indebtedness
or liability to which this corporation
is ut any time To subject itself or ~
be subject shall not exceed the sum
Of Five Hundred Thousand G500.00a.
0O) Dollars exclusive of property
and funds received in any fiduciary
capacity.
ARTICL VII.
The private property of the stock
holders of this corporation shall he
and is hereby made forever exempt
from all liability for the debts and
obligations of the corporation. and the
stockholders. officers and directors
of the corporation and their private
property shall he exempt from all
corporate debts wheresOever incurred
IN WITNESS WHEREOF, we have
hereto set our hands and seal this
10th day of FebrIary. 1912.
&. T. PETTINGALL (SeaD
\. ]. EDWARDS (SeaD
]. l.. OLSEN tSeaD
g AI.aN