The Winslow mail., 1913-08-23
Certificate of Incorporation of the Wins
low Mutual Building and Loan
Association

he County OF Navajo, State OF ArlZO-
IA, and Citizens of the United States
IF America, having subscribed to and |
for the capital stock of the company |
hereinafter to be named, and desiring
to form said company and association |
under and by virtues of the laws of
Arizona, relating to the organization
and regulations or corporations, do
hereby certify:
/. That the corporate name of said
company association i s t b e
"WINSLOW MUTUAL BUILDING
AND LOAN ASSOCIATION "
2. That our said company and as
sociation is formed for the porpose of
carrying on the business designed to
aid in the productive and industrial
interests of the State of Arizona, for
the purpose of accommodating the saw
ings and funds of its members and
loaning the same to its members, and
the objects of our said company and
association is to give its members an
opportunity to acquire by monthly
installments and assessments capital
riff the building or purchase of dwell
long house, business house, a home
or for the founding of business, to en-
able its members to invest their saw
ings in safe and profitable manner,
and to take security for. whatever loans
it may make upon real, personal or
mixed property and 10 buy and sell
real, personal or mixed property. stu
ated in Navajo County, State of Ari-
zona, as we'll as upon the stock of any
borrowing member in this associ alton,
by trust deed, mortgage or other in
denture.
3. That the capital stock Of said com
pany and association shall be one mil
lion $4,000, ,000O0) dollars and shall be
divided into five thousand $4,000
shares of par value of two hundred
($2OO.OO) each, which said shares may
be issued in series, as provided by law
and determined by the trustees, the
private property of each officer and
stockholder Of this corporation shall
be wholly exempt from any and all
corporate debts and liabilities. The
highest amount of Indebtedness to
which this corporation shall subject
itself, shall not exceed two thirds of
the capital stock.
The stock of this Association will be
none assessable.
4. This company and association is
upon the perpetual plan, that is, the
stock of the association shall be issued
in series, and each series shall have
its equitable share and participation
in the profits and accumulations of this
and association according to
the amount paid thereon and no series
shall mature later than twenty-five
(25) years from the date thereof.
5. The time of the commencement OF
this corporation shall be the date of
the issuance to it, of certificote of
by the Arizona Corpora
ton Commission, and the termination
Thereof shall be twenty five years there
after, with privilege of renewal as pro-
vided by law.
6. That the affairs and management
of our said company and association
shall be under the control of fifteen
trustees, and j. G. MOORE, F. 7. La
PRADE, M. L. VAUGHAN, RICHARD
NELSON, J. P.TULLY, w. A. PARR,
w. g. KELLY, w. II. BURBAGE,
CHAS. CAIN, GEO. H. CUMMINGS,
Won ROSE, EUGENE LEONARD,
BARNETT STILES, L. g. PARKS
and Il. G. KAUFMAN, all of Winslow,
Navajo County, Arizona, are hereby
design ated and selected to act as such
trustees and to manage the affairs OF
our said company and association for
the first year of its existence.
7. That the operations of our said
company and association shall be car
ried on in the Town of Winslow, Nava
jo County, State of Arizona, and the
principal place of business and the
office of the same shall be located in
the place aforesaid.
s. That the trustees of our said COM
pany and association shall have power
to make bylaws not inconsistent with
the laws of the United States of Ameri-
ca, and the State of Arizona, or the pro
visions of this Certificateof Incorpor-
alton, that they deem proper for the
of tbs property and af-
fairs of our said company and associa-
tiou, the regulations of its affairs and
the transfer of it's stock.
IN WITNESS WHEREOF, we have
hereu nto set our hands and seals in
L ~