Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1915-01-09


also to do and perform all and sun ,
dry, the acts and things, whether or
not they be herein specifically enum-
Grated, that pertain to the general
business of banking; to purchase, or
otherwise acquire. hire. own, use,
pledge, mortgage, operate, sell. or
otherwise dispose of any real estate
and Of any personal property of any
kind or character as it may con-
slider necessary in the conduct Of It's
said business to the extent that mavI
be permissible under the laws Of
Arizona.
That the amount of the capital
stock Of this corporation which is
authorized is the sum of one Hun
dred Thousand Dollars ($10O,00O00)
divided into one Thousand G000)
shares of the par value of One Hun
dred Dollars ($100.OG) each; and that
of this amount the sum OF Fifty
Thousand Dollars ($50.000.00) Dollars
is to be subscribed ut the date here
of and is TO be paid for in cash at
Ntt lihi NdiNN titittl vi vi DtIOlt
the LIST day Of January, 1915, or be-
fore this corporation snail apply for
Il license to engage in the business
for which it is organized; the amount
, of the capital stock not thus sub
scribed and paid for shall remain
unissucd until such time or times as
the corporation shall direct, through
. e S,tt I 1,al.1
crs. or a special meeting called for
that purpose, provided, such author
llation shall receive the vote Of the
majority Of stock as shown by the
records Of the corporation.
That the time 9f the commencement
Of this corporation shall lie the date
of the llin6 Of its articles of incorpora-
ton in the office of the Corporation
/ Commission of the state, and the time
Of its termination or expiration shall
/ be Twenty five $50 years thereafter.
That the affairs of tins corporation
, are to Ic conducted by Board of
I Directors OF Lot less than Five 90
or moro than Niuc go members. each
Of whom shall be a stakeholder of
/ the corporation The above named
corporations shall constitute the Board
Of Directors until the first annual
meeting of the Stockholders as mere
/ matter provided for. and until other
wise ordered by the Stockholders or
1 By the Board of Directors, as here
/ matter provided, the number of di-
lcctcrs sholl be Five 90. The stock
! holders at any annual meeting there
/ Of. or the Board of Directors by re-
solution at any meeting thereof call
/ ed fur that purpose. may increase the
number of Directors from Five 60
! to any Number not exceeding Nine
! go. and elect such additional mem
! bers Any vacancy occurring in the
Board of Directors shall be filled by
! the remaining Directors Each mem
Der of the Board shall hold office
from the time of his election and
/ qualification until the next annual
meeting of the Stockholders and UNI
til his successor is elected and quail
fled except he he removed for cause
meeting of the Stockholders shall be
held as the Bylaws may direct or
the first Wednesday after the frs
! Monday in January of each year
The Board of Directors shall annually
elect President and one or more
Vice Presidents of the corporation
from their number, and Cashlei
who may or may not be Director
of the corporation. The Board of hi
rectors may provide for other Off
GERS than those above mentioned. VIII
may or may not be stockholders o
the company as the Board of Dircc
itGrs may determine The duties o
the officers shall be such as usually
appertain to such offices subject f.
such limitations rs may ne PROVIDE
for in the Bylaws of the corpora
ton.
BYLAWS for the government of III
corporation may be adopted at an.
annual meeting of the Stakeholder
or at any special meeting called 70
the purpose. or may be adopted ..
the Board of Directors. and likewis
may be repealed or amended. An,
officer or director may he remove
from office by the Stockholders 2
iany special meeting thereof callc'
for that purpose, and his successo
elected at such meeting. Any vac
ancy occurring in any office of III
corporation shall be filled by til
Board of Directors. At all meeting
of the Stockholders a majority q
the outsta nding stock shall consti
tute a quorum and each stock
holder shall have one vote for eac'
share of stock standing in his nam
upon the books of the company.
| That the highest amount of in
debt dness or liability direct or con
tingent, except such as may be Great
cd by the receiving of deposits AM
the issue of certificates of deposits
checks, and bills of exchange, or >.
re- discounting its paper or whic
may otherwise be created in tn
transaction of its business of bank
ing as hereinbefore set forth, t
which the corporation is at any tim