Arizona republican., 1912-02-21

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 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, debentures. stipulations, certificates of deposit, releases of mortgages and other liens, stock certificates, trust certificates and agreements, mortgages, deeds and deeds of trust, liens, conveyances. as- signments, contracts, powers of at torney, appointments, recognizanccs, verifications. acknowledgements, justi- ficatiOns. affidavits, and any and all Kinds of appointments of agents at torneys and employees. and any and all other kinds of instruments in writing whatsoever; and to sell. as- sign. transfer, grant. convey. distrib- ute, deliver. or otherwise dispose of any or all of the property real or per
 
 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 the officers and employees and appoint all neces- sary agents. attorneys, servants. en- pioyees and labOrers of every kind for sad corporation and to fix and deter mine and cause to be paid the com pensation for services, rendered or to De rendered, by the directors, Offic- CTS. apopintees, attorneys. agents. servants and laborers of the corpor- ation; and to fix and determine. de- mand, collect and receive payment for all services rendered by the corpor- ation for others and the purchase price of all property of the corpora ton sold and disposed of; to make. 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 mlttee shall for the time being as | provided by said resolution or in the by-laws. have and exercise all of the powers delegated to it by said Board and sad resolution in the manage | ment of the business and affairs of the corporation with power to au- thorize the seal of the corporation to De affixed to 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 bers of the Board.
 The officers of this corporatiou shall be a president. one or more Elce-prcsidents. a secretary. one or more assistant-secretaries. a treas urer. one or more assistant -treasur- CTS. a cashier. one or more assistant cashiers. an attorney, one or more asslstant-attorneys, an auditor. one or more assistant-auditors. and such other officers as the Board of Direc- tors may from time to time deter mine, direct and appoint All of said 'officers 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 to do for any reason it 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 ther, 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 and 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 a regular meet ling A majority of the actual mem bers of said Board shall constitute a lquorum for the transaction of busi- ness at all meetings of the Board.
 ARTICLE VI
 The highest amount of indebtedness or liability to which this cOrpOratio is at any time to subject itself or tn be subject shall not exceed the sum of Three Hundred Thousand (s3O0.- iOOO.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 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
 c. F. PETTINGALL, (SeaD
 J. l.. OLSEN. (SeaD
 F.. l.. MANNING. (SeaD
 TERRITORY OF ARIZONA,
 County of Naricopa-ss.
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