Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1915-01-08

, stock of this corporation which is
authorized is the sum of one Hun
dred Thousand Dollars (s100. 1000 .Oo)
divided into one Thousand COON
shares of the par value of One Hun
dred Dollars (S100.01j each; and that
| of this amount the sum of Fifty
Thousand Dollars ($50,00o.00) Dollars
/ is to be subscribed at the date here
of and is to be paid for in cash ut
/ the par value thereof on or before
/ the LIST day of January, 1915. or be-
| fore this corporation shall apply for
! 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
unlssued until such time or times as
the corporation shall direct, through
a regular meeting of the stockhold-
ers, or a special meeting called for
that purpose, provided, such author
ization shall receive the vote of the
majority of stock as shown by the
records of the corporation
nat lut llllft III Iflc commencement
of this corporation shall be the date
Of the filing 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 go years thereafter.
VI
That the affairs of this corporation
are to be conducted by a Board of
Directors Of not less than Five 90
or more than Nine go members, each
of whom shall be stakeholder of
the corporation. The above named
oorporatoIs shall constitute the Board
Of Directors until the first annual
meeting of the Stockholders as here
matter provided for and until other
wise ordered by the Stockholders or
by the Board of Directors, as here
matter provided, the number of di
lectors 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 COR that purpose, may increase the
number of Directors from Five ca
/ " ttllN uulllbtl NV tNNt'bliiS -Nlii'
I 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 un
| til his successor is elected and quail
| flied. except he be removed for cause
as hereinafter provided. The annual
meeting Of the Stockholders shall he
held as the Bylaws may direct on
I the first Wednesday after the first
Monday in January of each year.
| The Board of Directors shall annually
| elect a President and one or more
Vice Presidents of the corporation
from their number. and Cashier
who may or may not be a Director
of the corporation. The Board of D-
rectors may provide for other off
4 GERS than those above mentioned, who
may or may not be stockholders OF
the company as the Board of Direc-
tors may determine. The duties of
the officers shall be such as usually
/ appertain to such offices subject TO
such limitations as may be provided
for in the Bylaws of the corpora
ton.
bylaws for the government OF the
corporation may be adopted at any
annual meeting of the Stockholders
or at any special meeting called for
the purpose, or may be adopted by
the Board Of Directors. and likewise
may be repealed or amended. Any
officer or director may he removed
from office by the Stockholders a.
any special meeting thereof called
for that purpose. and his successor
elected at such meeting. Any vac
ancy occurring in any office of the
corporation shall be filled by thu
Board of Directors. At all meetings
Of the Stockholders majority of
the outstanding stock shall consti-
tute quorum and each stock
holder shall have one vote for each
share OF stock standing in his name
upon the books of the company.
VII.
That the highest amount of in
debtedness or liability direct or con-
tngent, except such as may be Great
ed by the receiving of deposits and
the issue of certificates of deposits