Arizona republican., 1912-12-03

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 promisory 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 its branches.
 Also 10 do a general trust business receiving. holding and diSposing of all kinds of personal and real prop erty, as trustee, or in any other fiduciarN 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 estate $ aIt 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- CT or deDositary
 ARTICLE III
 The authorized amount of capital stock of this corporation shall be one Hundred Thousand 1O0,O00.OO) Dollars, divided into One Thousands U,000) shares of the par value Of One Hundred ($1OO.OO) Dollars each, which said capital stock shall be paid for in cash when issued. No shares of capital stock shall he is sued until fully paid for.
 ARTICLE ".
 The time of the commencement of the Corporation shall be the date Ol 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 Y. The affairs of this Corporation shall be conducted by Board of Directors, consisting of not less than three members, nor more than eleven and such officers as such directors may elect or appoint. The number Of directors shall be designated by the stockholders and shall be elected ] from among the stockholders at their annual meeting to be held on the second Tuesday in January of each i year. Until the first annual meeting l of stockholders and until their sue 1 cessors have been elected and have qualified, the following named per | sons shall be the directors: 1 A. J. Chandler, of Mesa Arizona; ! R. M. Turner, of Chandler. Arizona J. R. Halstead, of Mesa, Arizona; i II. D. Clark, of Chandler. Arizona; i and John Anderson, of Chandler. Ari- zOna.
 ARTICLE VI.
 The Directors shall have the power to adopt, amend and rescind bylaw: and to fill vacancies occurring in tho 1 Board from any cause.
 ARTICLE VII. ! The highest amount of idebtednes! ar liability to which this corporation may at any one time subject itsel shall not exceed thirds of 1t. outstanding paid up stock, eXcluslv' Of deposits received in course of bus mess; securities taken as indemnit! or funds and property received an' held in trust, or surety contracts, or winch no cause of action has ac crued.
 ARTICLE VIII. The private property of the stock holders of this corporation shall b ! forever exempt from all corpofat' debts and liabilities of any kint ] Wha tsC ever.
 IN WITNESS WHEREOF w ave hereunt0 set our hands ana seals this 22rd day of November A. D. 1912.
 A. J. CHANDLER (Seal)
 R. M TURNER. (Scal) J. R. HALSTEAD. (SealD