Arizona republican., 1912-02-19
PAGE NINE.

iiI all vacancies that may occur elther in the Board of Directors or ' any oiflcc or officer of the Corpora-
 uon Tor the uneXpired term of such urector or officer; to have one or more offices and to keep the hooks and records and seal and hoId tha meetings of the corporation and ,o,- form all corporate acts at such places IS said Board may determine and di- | rect; tO fix the time for declarIn,, and paying dividends: to authorize and cause tO be executed notes war rants. and payments of dividends: to authorize notes. bonds. debentur,s lSupulations. certificates of deposit releases of mortgages and other liens Stock certificates. trust certificates and agreements. mortgages. deeds anG deeds of trust, liens. conveyanccs as arguments. contracts. bowers of at- t"rhey. appointments. recognizauces NerlIcati0ns. acknowledgements. iusti- iIcations, affidavits, and any and ou KindS of appointments of agents st- '"rheys and employees, and any and ] dlt other kinds of instruments i'm NTI''hG Whatsoever: and to sell. as- SISh. transfer, grant, convey. distrib- u'c. deHVer. or otherwise disposa os any or all of the property real or her. sonal of the corporation and to ac- quire m any manner whatsoever apv and all kinds of property that said | Board may deem proper and advis- abie for said corporation; and when s0 authorized the same shall beco,,, and be the voluntary act and deed of '"e corporation; to elect the officers 'nu employees and appoint all neces- S,''S agents. attorneys. servants. en- pIoyees and labOrers of every kind for sad corporation and to fix and deter iiiihe and cause tn be paid the com pehSalon for services, rendered or to Oe rendered. by the directors. offic- CTS. apopintees. attorneys. agents servants and laborers of the corpor- du"n; ard tO fix and determine. do inand, collect and receive pavment for all services rendered by the corpor- atIon for others and the purchase prIce oi all property of the corpora- u"n sold and disposed of: to make. eS'dDHSh. alter. amend, repeal ar reScInd all bylaws. rules. regulations ana order of the corporation.
 by resolution to appoint two or more of their number to constitute m executive committee which com mittee shall for the time being as provided by said resolution or i'm Inc by-laws. have and exercise all of tbe powers deiegated to it by said Board and said resolution in the u1anare- 'i'eH' oi thc business and affairs of 'I'e corporation with power to au- lhoriz" the sea! of the corporation to be affixed to all papers or instru- ihents requiring the same.
 Any vacancy occurring in thc Board of Directors shall be filled for the uneXpired term thereof bv an election held by the remaining mem bers of the Board.
 The officers of this corporation shall be president. one or moro 'Ice-preSidents. a secretary. one or more ant-Secretarics. treas uFer. one or more assistant -treasur CTS a cashier. one or more assistant c2Sh'erS, an attorney. one or more. 'iSSiStant-attorneys. an auditor. one or more assistant-auditors. and such other officers as the Board of Dlrec- Tors may from time to time deter minc. direct and appoint All of said i"iiicers shall be elected or appointed | by the Board of Directors at tho ,,- nual meeting of the directors to Inc Heid 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 oy the Board of Directors. which inc said Board is hereby expressly au- thOrized and empowered to do for anv reason it may deem sufficient. all such elections. appointments and re- mOFals to be conducted in the man. ner directed by said Board of Direc- tors Provided, that no assistant of ficcr shall be elected until said Board of Directors shall deem such assist ant otflcer necessary. Provided. fur ther. that the same person may. hv dlrectlOn of the Board of Directors hold any two offices not inconsistent Or m conflict one with the other.
 All acts. elections. appointments and orders of the Board of Directors snail be done and performed by a majority vote of the whole Board Any meeting of said Board. with or
 HVbN'' hl WHICH dll UireNtOTI are present shall be regular meet ing. A majority of the actual mem bers of said Board shall constitute a quorum for the transaction of buSi ness at all meetings of the Board.
 ARTICLE VI.
 The highest amount of indebtedness .or liability to which this corporation Us at any time to subject itself or to be subject shall not exceed thu. sum of Three Hundred Thousand (s3OO.- ooo-Oc) Dollars. exclusive of property and funds received in any fiducIary capacity
 ARTICLE VII
 The private property of the stock hOldC~S pr ~: s.--u u--.'-...l ,-'.iv Io 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- Nate property shalt be exempt from all corporate debts whcresoevcr in- cured
 IN WITNESS WHEREOF. we have hereto set our hands and seal this 10th day of February. 1912
 C. E. PETTINGALL, 1SeaD
 J. l.. OLSEN, CSeaD