The Winslow mail., 1916-05-12

demands arising out of its business
transactions, and to issue and execute
in the transaction of it's business all
necessary receipts, certificates and
contracts which shall be signed by
such persons as may be designated
by the bylaws of the corporation.
To do any and all acts and things
pertaining to or that may be connect
I'd with the purpose and objects above
specified, or that may be necessary
or convenient, or useful to the main
purpose of the corporation, in carry
ng on a general banking and trust
company business in all it's branches.
The amount of the authorized capi-
al stock of the corporation is Forty
Thousand Dollars ($40,O0O.00), divid-
ID into four hundred (400) shares of
he par value of One Hundred Dollars
($1OO.OO) each, all of which shall be
oaid in cash at the time, or before,
he corporation opens for business.
"
The time of the commencement of
his corporation shall be from the
late of the execution of these pre-
jents, and shall continue and endure
or a period of twenty-five (25)
years.
The officers of the corporation shall
)e President, Vice-President, Cash
er and Secretary, and such other Off
,ers as the Board of Directors shall
rom time to time determine. The
>ffice of Cashier and Secretary shall
,e vested in one and the same person.
The officers selected to serve until the
irst annual meeting of the stocR
lolders, are a.s follows: President, r.
I. Tuttle, Winslow, Arizona; Vice.
PRESIDENT, T. M. Quebedeaux, Gallup,
New Mexico; Cashier and Secretary,
:. C. Kaufman, Winslow, Arizona.
I. G. Kaufman is designated as the
gent within the State Of Arizona
lpon whom all processes may be
served.
The affairs of the corporation shall
)e conducted by Board of Directors
consisting of not less than three nor
more than five members, all of whom
hall be stock holders, and the Direc
ors shall be elected annually at the
annual meeting of the stock holders
o be held the second Tuesday Of
january of each year, at the principal
,ffice of the corporation at Winslow,
Arizona.
The Board of Directors shall, at
heir first meeting, following the an
lual stock holders meeting, elect a
PRESIDENT, vice-president, cashier and
secretary, all Of whom shall be stock
lolders; the Board of Directors may
select an executive committee, con-
listing of two directors, and such
)ther officers and agents as they may
determine to be necessary, whose
luties shall be determined by the by
avs.
The Board of Directors shall have
he power to establish or cause to be
established and maintained one or
more branches, and to appoint such
gent or agents to assist in the man
cement of it's business and in con-
Iucting the affairs of the corporation
IS they may from time to time deem
advisable and may vest in such agent
n agents such power as they may
leem expedient.
Should any vacancy or vacancies at
my time occur in the Board of Direc-
ors, the remaining directors shall
lave the power to fill any such vacan-
y or vacancies until the next annual
stock holders meeting.
The Board of Directors shall also
lave the power to establish bylaws
md make all rules and regulations
leemed expedlent for the manage
nent of the affairs of the corpora
ion, and the officers thereof, not in
onsistent with the Constitution and
avs of the United States and Of the
State of Arizona.
"
The highest amount of Indebtedness
O which the corporation shall subject
tself, over and above the amounts
lue depositors, shall be two-thirds Of
he actual paid in capital of the cor
,oration.
vi
The private property of each and
very officer and stock holder of the
corporation shall be wholly exempt
rom corporate debts and liabilities.
VII
The cornoratiOn shall have and