Arizona republican., 1912-02-20

either in the Board of Directors or any office or officer of,the corpora- ton for the uneNpired aetm 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 df- rect to fiX the time for declaring sHd paying dividends; tO authorize and cause to be executed notes. war rants, and payments of dividends: to authorize notes. bonds. debentlIreS supulatlons. certificates of deuosit releases of mortgages and other liens stock certificates, trust certificates and agreements. mortgages. deeds and deeds Of trust. liens. cOnveyaDces aS- arguments. contracts. powers of att torhey appointments. recognizances verlfications. acknowledgements. iusti- llciei0ns, affidavits. and any and all Nlhds oi appointments of agents. at- 'orneys and employees. and any and all other kinds of instruments in writing whatsoever: and to sell as- sish. transfer, grant, convey. distrib-
 W n any or all of the property real or per soii''' or the corporation and to ac- quIfv m any manner whatsoever any and all kinds or property that said board may deem proper and advis- able for said corporation: and when so authorized the same shall becona ahd be the voluntary act and deed of
 the corporation; to elect the officers and employees and appoint all neces- saTy agents, attorneys, servants eu- ployees and labOrers of every kind for Sdld corporation and tO fix and deter ilI!he ahd cause tO be paid the conn
 pehSdtIon for services, rendered or In De iehdered, by the directors. Offic- CTS apopintees, attorneys. agents servants and laborerS of the coroor- alton; and to fix and determine. de-
 mand. collect and receive pavrnant for all services rendered by Inc cor,C.r- atlon for others and the purcbasa priee of all property of the corpora 'ioh sold and disposed of: to make. establish. alter. amend. repeal ar rescind all bylaws. rules. regulations and order of the corporation.
 BE resolution tO appoint two or l more or their number to constit,te m executive committee which conn mlttee shall for the time heinz a, provided by said resolution or i'm inc
 Dy-iaWs. have and exercise all or tba powers delegated tn it by said Board i'hu Sald resolution in the manage hlent of the business and affairs of 'he corporation with power to au- thorize the seal of the corporatiop ,o
 be affixed to all papers or instru- ments requiring the same.
 A:y vacancy occurring in tho
 b'drd or Directors shall be filled for
 me uneNpired term thereof by an
 election held by the remaining mem-
 bers of the Board.
 The officers Of this corpor1tjop shall be a president one or more vice. e-prosidents. a secretary. one or more assistant secretaries. a treas
 urer. one or more asslstant-treas1lr- CTS. cashier. one or more assistant cashiers. an attorney. one or more aSslstant-attorneys. an auditor. one or more assistant-auditOrs. and such ! 'thCr officers as the Board Of Dlrec-
 tors may from time to time deter
 miHe. direct and appoint All of said tofiicers shall be elected Or appointed by the Board of Directors at the an-
 nual meeting of the directors to he
 held on the second Wednesdav 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
 soid Board is hereby expressly au- thOrized and empowered to do for any,
 reason it may deem sufficient. all such elections. appointments and re- | mov2ls tO be conducted in the man. her directed by said Board of Direc-
 tors. Provided. that no assistant of ficer shall be elected until said Board
 0f 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 1 All acts, elections. appointments and orders of the Board of Directors
 shall be done and performed by a i 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 | ing \ 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
 IS at any time to subject itself or to 1 be subject shall not exceed the sum | of Three Hundred Thousand $500. | 000.O0) Dollars. exclusive Of rropertv
 and funds received in any fiduciary | capacity
 | ARTICLE VII
 The private property Of the stock ! holders oF this c0~.,o--1s ton ehau ha
 end is hcreDy In..us t.4,,ST exempt l 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