The Winslow mail., 1913-09-06
Certificate of Incorporation of the Wins
low Mutual Building and Loan
Association

ed, each being over the age of twenty
one years and all being residents of
he 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:
/. That the corporate name of said
company a II d association s e
"WINSLOW 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
Ioaning the same to it's 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
rlf the building or purchase of dwell
long house, business house, a home
or for the founding of business, to en-
able it's members to invest their say
ings in a 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-
IONA, as we'll as upon the stock of any
borrowing member in this associ alton,
by trust deed, mortgage or other in
denture.
8. That the capital stock of said com
pany and association shall be one mil
lion ISL 900, 00000) dollars and shall be
divided into five thousand $4,000
shares of a par value of two hundred
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 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
company and association according to
the amount paid thereon and no series
shall mature later than twenty-five
(25) years from the date thereof.
s. The time of the commencement of
this corporation shall be the date of
the issuance TO it, of certifcote of
incorporation by the Arizona Corpora
ton Commission, and the termination
Thereof shall be twenty five years there
Of INIT l. ~ix,il Of al
vided by law.
g. That the affairs and management
of our said company and association
shall be under the control of fifteen
trustees, and j. G. MOORE, i. T. La
PRADE, M. L. VAUGHAN, RICHARD
NELSON, J. P.TULLY, w. A. PAkR,
w. G. KELLY, w. H. BURBAGE,
CHAS. CAIN, GEO. H. CUMMINGS,
Won ROSE, EUGENE. LEONARD,
BARNETT STILES, l.. G. PARKS
and r. G. KAUFMAN, ali of Winslow,
Navajo County, Arizona, are hereby
design ated and selected to act as such
trustees huQ 10 uldudB6 lu6 dA dlIS Ol
our said company and association for
the first year of its existence.
T. That the operations of our said
company and association shall be car
ried on in the Town of Wins1ow, Nava-
io 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 meri-
ca, and the State of Arizona, or the pro-
visions of this Certificateof Incorpor-
alton, that they deem proper for the
management of tbs property and af-
fairs of our said company and associa-
tiou, the regulations of it's affairs and