The Winslow mail., 1913-08-09
Certificate of Incorporation of the Wins
low Mutual Building and Loan
Association


PRESENTS; That we, the undersign-
ed, each being over the age of twenty
one years and all being residents of
the County of Navajo, State of Arizo-
ma, and Citizens of the United States
of 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:
1. That the corporate name of said
company n d association s e
sWINSLOW MUTUAL BUILDING
AND LOAN ASSOCIATION .
z. 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
lngs and funds of its members and
loaning the same to its mem bers, and
the objects of our said company and
association is to give its member an
opportunity to acquire by monthly
insta1lments and assessments capital
rlf the building or purchase of dwell
h,,oInncc hnI1cO hArnc
or for the founding of business, to en-
able its members to invest their say
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 1000, 0O000) dollars and shall be
divided into five thousand $4,000
shares of a par value of two hundred
($20OO0) 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 Associ alton will be
none assessa BILE.
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
inthe profits and accommodations of this
company 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 a certificote of
incorporation by the Arizona Corpora
ton Commission, and the termination
r L. to Hyyn t+S horn.
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. aud J. G. MOORE, F. 7. La
PRADE. M. L. VAUGHAN, RICHARD
NELSON, J. 2. FULLY, w. A. PAIR,
w. G. KELLY, w. H. BURBAGE,
CHAS. CAIN, GEO. H. CUMMINGS,
Won ROSE, EUGENE LEONARD,
BARNETT STILES, L. G. PARKS
and r. C. KAUFMAN, ali of Winslow,
Navajo County, Arizona, are hereby
DESIGNATED anu SGlGCU6u W SCt % SoCh
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-
10 County, State of Arizona, and the
principal place of business and the
Office of the same shall be located III
the place aforesaid.
8. 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 Certifcateof Incorpor-
alton, that they deem proper for the
management of tbs property and af-
fairs of our said company and assoCla-
tiou, the regulations of its affairs and