The copper era and Morenci leader. [volume] (Clifton, Ariz.) 1911-1929, 1913-07-04


The Arizona Corporation Commits
sion does hereby certify that the an
nexed is true and complete trans
1 cr1pt of the Articles of Incorporation
of State Bank of Metcalf," which
were filed in the Office of said Arizona
Corporation Commission on the 4th
day of June, A. D., 1918 lat 10 o'clock
a. M, as provided by law.
In Testimony Whereof, The Arizona
Corporation Commission by its Chair
man, has hereunto set its hand and
affixed its Official Seal Done at
the city of Phoenix, the Capitol, this
4th day of June, A. D., 1918.
(SEAL)
ARIZONA CORPORATION COMMITS.
SION.
w. P. GEARY, Chairman
FRANK De SOURZA, Secretary
ARTICLES OF INCORPORATION OF
STATE BANK OF METCALF." j
KNOW ALL MEN BY THESE
PRESENTS: That we, the undersign-
ed. have associated ourselves together
for the purpose of forming a banking
corporation under the laws of the State
OF Arizona, and for that purpose do
adopt the following articles of incor-
poration.
Article l. The names of the incor-
POAdIO1oy Iu0A ICSlu6uC0 anu DOSL-
office addresses are as follows: E. |
M. Williams, Clifton, Arizona; J. J. |
Kelly, Clifton Arizona, and w. J. |
Riley, Clifton, Arizona.
The name of this corporation is
and shall be and is, state Bank of
Metcalf." The principal place of
transacting the business of this cor
poration shall be and is the Town Of
Metcalf, Greenlee County, State of
Arizona; provided that branch Of
fees and places may be established
for the transaction of business within
the state of Arizona as the board of
direcors may from time to time di-
rect.
Article q The general nature of
the business to be transacted and,
carried on by this corporation shall
be and is the following: to engage
in a general banking business, re- l
ceiving deposits and paying the same {
out upon the order of the depositors; l
selling and buying exchange, bor- I
rowing and lending money; buying !
and selling all kinds of negotiable I
paper, such as City, County and State t
Warrants and Bonds, and other evil 1
dences of Municipal debts, gold sill 4
yer and copper bullion, notes and
mortgages on real and personal prop 4
erty, as well as stocks and bonds OF h
other corporations; to buy, own and n
sell real estate and personal property, b,
and to transact and carry on all bust q
ness that is consistent with the bank n
ing business, and not in conflict with |, :,
the laws of the State of Arizona. -
Article 3. The authorized capital of | =
stock of this corporation is Fifteen l9
Thousand ($15,000.00) Dollars, divid-
ed into one hundred and fifty shares a
IF the par value of One Hundred +;
100000 Dollars each. Such capital n
stock to be fully paid into this cor Fl
)oratlon, either in cash or property g,
suitable for the uses and purposes of v,
his corporation, Immediately upon q.
he subscription therefor. n
Article f. The affairs of this cor n
'oration shall be conducted by board ri
# directors consisting of not less than 9,
even CD and not more than nine co. h.
nembers, who shall be stockholders, h,
nd the following named persons shall 81,
onstitute the board of directors of
his corporation until their successors
re elected and qualified, namely:
;. B. Scotland, Ipolito Cascarilli, E.
!. Spriggs, E. NJ. Williams, J. ]. =
-elly, w. J. Riley and c. c. Sellars
hereafter the board of directors +,
tockholders at their annual meeting
n the First day of October of each NC
nd every year. The officers of this -
orporation shall be president, vice ~
resident and a cashier. g" -
The president and vice-president ~ ~
nall be elected from among the ~ ~
oard of directors, within ten days co %,
ON the annual meeting Of the ."
,ockholderS of this corporation, and 49,
re eas sa snal be selected by the CT
he following persons shall be and
institute the officers of this corpora y - -
on until the first annual meeting tif
the stockholders in October, 1913, e..
imely: P. B. Scotland, president; Lee
e. Sellars, cashier. t fi
The board of directors shall have a.
e authority to fill any vacancy or co. -"
occurring in their number. -
among the officers of the corpora or
IN, and to adopt such bylaws as do ~
It conflict with these articles and cIn
tn the laws of Arizona for the gov n, .
nment of this corporation. 1 r,1
majority of their number shall 'oSc
institute quorum, and any meeting of
such board of directors, at which A.;
quorum is present, shall be deemed c.
legal meeting. "ie
Article 5. The time for the com
,ncement of this corporation shall
when this corporation shall have -
ID its articles of Incorporation with Mil
, Corporation Commission of the
lte of Arizona, and in the office of
, County Recorder of the County
Greenlee, State of Arizona, and n
LII also have appointed an author sua,
d agent, or agents, in this State NJ
IN whom processes may be served, Co.
shall have published copy of its ,,nd
~ VI inooi polatlon d. IeaSI SIX Stat
H. soe spdpel pupl.sheu add
80, " IIeehlee' oCate OF K. T
davit of such publication in the bos
ce, of the Corporation Commission tba
the State of Arizona provided tbe