Arizona republican., 1912-12-04

ton; to discount bills, notes, and other commercial paper. and to buy and sell securities, gold. silver cop per and lead bullion and ores. for eign coins or bills of exchange and all evidences of debt: and generally, to buy. sell, discount and deal in all negotiable paper, including prumisoTy notes, mortgages, on real or personal property or both, stocks, bonds town, city county, state or other municipal warrants; and to do and carry on the business of banking in all it's branches
 Also to do a general trust business. receiving. holding and disposing of all kinds of personal and real prop erty, as trustee. or in any other fiduciary capacity; to act as trustee of all kinds Of estates and properties; to act as executor of wills. and ad- ministrator of estates of deceased persons; as guardian of the estates alt property of infants or other per sons laboring under legal disability or restraint, or for whose property a guardian may be appointed for any reason, by a court of competent jur sdiction; to act as assignee, rcceiv- CT or depositary
 ARTICLE III.
 The authorized amount of capital l stock of this corporation shall be | One Hundred Thousand ($l00, 900 .0O) Dollars. divided into One Thousands 1 q I.000) shares of the par value of ! One Hundred t$l000O Dollars each, which said capital stock shall be 1 paid for in cash when issued No shares of capital stock shall be is sued until fully paid for.
 ARTICLE ".
 The time of the commencement Oi thc Corporation shall be the date oi the issuance to it by the Arizona Corporation Commission of a Certifi- cate of Incorporation and the term ination thereof shall be twenty-five years thereafter. with the privilege of renewal as provided by law.
 ARTICLE V.
 The affairs of this Corporation shall be conducted by Board o Directors. consisting of not less thai three members, nor more than eleven
 
 may elect or appoint. The numoe of directors shall be designated b! the stockholders and shall be elected from among the stockholders at thei annual meeting to be held on tn second Tuesday in January of eaci year Until the first annual meeting of stockholders and until their sue | cessors have been elected and hav qualified, the following named per sons shall be the directors:
 A J. Chandler, of Mesa Arizona R. NJ. Turner of Chandler, Arizona U. R. Halstead, of Mesa. Arizona H b Clark, of Chandler, Arizona and John Anderson, of Chandler, Ari zona.
 ARTICLE VI.
 The Directors shall have the powc to adopt, amend and rescind bylaw and to fill vacancies occurring in tn , Board from any cause. ARTICLE VII The highest amount of idebtednes or liability to which this corporatiol may at any one time subject itscl shall not exceed twO-thirds of it outstanding paid up stock. eNclusiv D of deposits received in course of bus mess: securities taken as indemnit or funds and property received an , held in trust. or surety contracts, O l winch no cause of action has ac crued.
 ARTICLE VIII. , The private property of the stock holders of this corporation shall b 1 forever exempt from all corporal s debts and liabilities of any kin : WhatsC ever.
 IN WITNESS WHEREOF w l lave hereunto set our hands an p seals this 23rd day of Novembel A. D. 1912.
 l A. J. CHANDLER. (SealD l R M. TURNER. (Seal) l J. R. HALSTEAD. (Seal) F Fl. D. CLARK. (Seaf)
 InIINY NDEpGGN (GanIN