Arizona republican., 1912-02-19

AAAl iAi NdtdlNltS tildJ may occur either in the Board of directors 1r 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 such placrs as said Board may determine and di- rect; to fix the time for declaring and paying dividends: to authorize and cause 10 be executed notes. war rants and payments of dividends to au- thorize notes. bonds, debentures. stipu-. l&tiOns. certificates of deposit. releases of mortgages and other liens. stock cer- tificates. trust certificates and agree ments. mortgages. deeds, and deeds of trust. liens. conveyances. assign ments. contracts. powers Of attOrncy. appointments. recOgniZanCes. verifi- cations. acknowledgements, iustifica- tions. affidavits. and any and all ether kinds of appointments of agents. attorneys and employees and any anj 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 of 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 kini for said corporation and to fix and determine and cause tO be paid the compensations for services, rendered or tO be rendered. by the directors. officers. appOintees, attorneys. agents. servants. and laborers of the cOrpor- atiOn; and .O fix and determine. de- mand. collect and receive payment Tor all services rendered by the cor pOrItion for others and the purchase price of all property or the corpora tion sold and disposed of. tO make. establish. alter. amend. repeal. or re- scind an bylaws, rules. regulations and orders of the corporation. By resolution 10 appoint two Or more of their number to constitute an executive committee which com mittee shall for the time being. 1S provided by said resolution or in the bylaws. have and exercise all the powers delegated n it by said Board and said resolution in the manage ment of the business and affairs 1f the corporation with power to a1- thorize the seal of the corporation t1 be affixed to all papers 5r 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 tiOn held by the remaining members of the Board
 The officers of this corporation shall he a president. one or more vice presidents. d secretary. one 1r more assistant secretaries. a treas urer. one or more assistant -treasurers. cashier. one or more assistant cash icrs an attorney, one .pr more assistant attorneys, an auditor. one or more assistant auditors. 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 for any reason it may deem sufficient all crfRh a1ppfinnG annninfvranfs removals to be conducted in the man. ner directed by the said Board If Directors. Provided. that no assist ant officer shall be elected until said Board of Directors shall deem such assistant officer necessary. Provided. further. that the same person may. by direction of the Board of Dire~- tors. hold any two offices not incon- sistant or in conflict one with the other.
 All acts. elections. appointments and orders of the Board of Directors shall he done and performed by 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 regular meeting. A majority of the actual members Of
 
 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 at any time to subject itself or to be subject shall not exceed the sum of Five Hundred Thousand (S500.00a. 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 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 February, 1912.
 C. F. PETTINGALL (SeaD
 A. J. EDWARDS (SeaD
 l. OI SEN (Sean