The Winslow mail., 1916-06-09
the corporation opens for business.

the corporation opens for business.
"
The time of the commencement of
this corporation shall be from the
late of the execution of these pre-
sents, and shall continue and endure
for a period Of twenty-five (25)
years.
The officers of the corporation shall
be a President, Vice-President, Cash
er and Secretary, and such other Off
,ers as the Board of Directors shall
from time to time determine The
office of Cashier and Secretary shall
De vested in one and the same person.
The officers selected to serve until the
irst annual meeting of the stocl
lolders. are as follows: President, R.
/. Tuttle, Winslow, Arizona; Vice.
president, T. M. Quebedeaux, Gallup,
New Mexico; Cashier and Secretary,
B. C. Kaufman, Winslow, Arizona.
r. C. Kaufman is designated as the
agent within the State of Arizona
1pon 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
% be held the second Tuesday of
January of each year, at the principal
office 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
holders; the Board of Directors may
'elect 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
lgent or agents to assist in the man
cement of it's business and in con-
lucting the affairs of the corporation
Us they may from time to time deem
advisable and may vest in such agent
)r agents such power as they may
leem expedient.
Should any vacancy or vacancies at
any time occur in the Board of Direc-
ors, the remaining directors shall
lave the power to fill any such vacan-
" or vacancies until the next annual
tock holders meeting.
The Board of Directors shall also
lave the power to establish bylaws
ind make all rules and regulations
Ieemed expedient for the manage
nent of the affairs of the corpora
ion, and the officers thereof, not in
consistent with the Constitution and
avs of the United States and of the
State of Arizona
V
The highest amount of Indebtedness
o which the corporation shall subject
tself, over and above the amounts
lue depositors, shall be two-t thirds of
he actual paid in capital of the cor
ooration.
The private property of each and
every officer and stock holder of the
corporation shall be wholly exempt
rom corporate debts and liabilities.
VII
The corporation shall have and
maintain a lien upon the shares of the
apital stock of any and all stock
olders of the corporation for any
ebt or obligation owing by him or
hem to the corporation.
IR"Witness Whereof, we have here
INTO set our hands and seals this 10th
lay Of April, A. D. 1916.
R. H. FUTILE,
(SeaD
L. M. SHIPLEY,
(Coo1