Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1912-02-16

Till all vacancies that may occur
either in the Board of directors IT
any office or officer of the corpora
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 10 he executed notes. war
rants and payments of dividends TO au-
thOrize notes. bonds, debentureS. stipu-
l&tions. certificates of deposit, releases
Of mortgages and other liens, stock GER
tificates, trust certificates and agree
| ments. mortgages. deeds. and deeds
/ of trust. liens, cOnveyances, assign
! ments. contracts. powers of attorney-
| appointments. recOgniZances. Verifi-
/ cations. Acknowledgements, justifica-
tons, affidavits. and any and all
other kinds Of appointments of agents.
attorneys and employees and any and
al other kinds of instruments in writ
| ing whatsoever; and TO sell. assign,
transfer, grant. convey. distribute, de-
| liver. or otherwise dispose of any
or all of the property real or per-
sonal of the corporation and 10 ac-
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 decd
OF the corporation; TO elect officers
and employees and appoint all nee
essary agents. attorneys, servants.
employees and labOrers of every kind
for said corporation and 10 fix and
determine and cause 10 be paid the
cOmpensatiOns for services, rendered
or to be rendered, by the directors.
officers. appOintees. attorneys, agents,
servants, and laborers of the corpOr-
alton; and to fix and determine, de-
mand. collect and receive payment
for all services rendered by the cor
poration for others and the purchase
price Of all property Of the corpora
ton sold and disposed Of: to make.
establish, alter. amend. repeal, or re-
scind all bylaws. rules. regulations
and orders Of the corporation.
BY resolution to appoint two or
more of their number to constitute
an executive committee which COM
mittee shall for the time being, -
provided by said resolution or in the
bylaws. have and exercise all the
powers delegated % il by said Board
and said resolution in the manaSe-
ment Of the business and affairs IF
the corporation with power 70 an
thorize the seal ~ the corporation 10
he affixed To- all papers ~ instru-
ments requiring the same.
ANY vacancy occurring in the BOard
Of Directors shall b. filled for the
unexpired term thereof by an cleo
ton held by the remaining members
Of the Board
The officers OF this corporation
shall be a president, one or more
vice presidents. a secretary. one pr
more Observation-Disclosures treas
urer. one or more assistant treasurers,
a cashier. one or more assistant cash
icrs, an attorney. one II more assistant
attorneys. an auditor, one or more
assistant auditors. and such other Of
ficers as the Board of Directors may
from time u time determine. direct
and appoint All of said officers
shall be elected or appointed by the
Board OF Directors at the annual
meeting Of the directors To be held
on the second Wednesday of jan
uarv 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 irr
any reason il may deem sufficient.
all such elections. appointments and
removals to be conducted in the man
ner directed by the said Board #
Directors. Provided. that no assist
ant officer shall be elected until said
Board of Directors shall deem such
assistant officer necessary. Provided.
further. that the same person may.
bv direction of the Board of Dire
tors. hold any two offices not incon-
sistant or in conflict one with the
other.
All acts. elections. appointments aEi
orders of the Board of Directors shall
be done and performed by a majority
vote OF the whole Board. Any meet
ng OF said Board. with or without
notice. at which all directors are pre-
sent. shall be a regular meeting. \
majority Of the actual members Of
,aid Board shall constitute a quOrm
'or the transa ctiOn of business at all
meetings Of the Board.
ARTICLE VI.
The highest amount of indebtedness
" liability to which this corporation
s at any time To subject itself or tn
70 subject shall not exceed the sum
f Five Hundred Thousand (S5OO.OO0,
,m Dollars, exclusive of property
md funds received in any fiduciary
,apacity.
ARTICL VII
The private property OF the stock
FOLDERS of this corporation shall be
md is hereby made forever exempt
rom all liability for the debts and
obligations of the corporation. and the
officers and directors
4 the corporation and their private
property shall be exempt from all
corporate debts whercsOeVer incurred
IN WITNESS WHEREOF, We have
lereto set our hands and seal this
9th. day of February. 1912.
q + PETTINGALI. (SeaD
\ j. EDWARDS (Seab