The Winslow mail., 1916-04-14

and worcestershire. The stock of the
corporation which has not been issued
at the date of the making of this
amendment shall only be issued as
hereinbefore provided.
ARTICLE ".
The officers of this corporation shall
be President, not less than one nor
more than three vice-presidents,
Cashier and Secretary, and such other
officers as the board of directors, shall
from time to time determine.
The affairs of this corporation shall
be conducted by board of directors
consisting of seven CD members all
of whom shall be stockholders. The
directors shall be elected at the an
nual meeting of the stockholders to
be held on the second Saturday of
June in each year.
The board of directors shall at their
irst meeting following the annual
stockholders meeting elect a Presi-
lent, not less than one nor more than
ohree vice-presidents, Cashier and a
secretary, all of whom shall be stock
lolders, and may elect or appoint an
executive committee consisting of
hree directors, and such other officers
Ind agents as they may determine to
)e necessary, whose duties shall be
determined by the bylaws.
The board of directors shall have
he power to open or cause to be
)pened and maintained one or more
ranches, and to appoint such agents
% aid in the management of it's busi-
less and in conducting the affairs of
he corporation as they may from
,ime to time deem advisable and may
Iest in such agents such powers as
hey may deem expedient.
The remaining directors shall have
he power to fill any vacancies in the
BOARD of directors as may occur until
he next regular annual stockholders
meeting.
The board of directors shall also
dave the power to establish bylaws
md make all rules deemed expedient
or the management of the affairs of
his corporation, and the officers there
+, not inconsistent with the constitu-
ion and laws of the United States
md the laws of the State of Arizona.
ARTICLE V.
That the highest amount of indebt-
'dness to which this corporation shall
,ubject itself, over and above the
mounts due depositors, is two thirds
If the actual paid in capital of the
corporation.
ARTICLE vi.
The private property Of each and
very officer and stockholder of this
.orporation shall be wholly exempt
rom any and all corporate debts and
liabilities.
ARTICLE VII.
This corporation having commenced
BUSINESS under the terms of the orig
nal articles Of incorporation on the
irst day of July, A. D. 1900, and being
untitled to the laws then in force, to
ontinue in operation for twenty five
ears from said date, to-wit: on June
9th, 1925, this amendment shall not
letract from the continuation of the
corporation to do business under said
)riginal articles of Incorporation, and
only intended to extend and enlarge
pom the same and all rights and pri-
ileges accruing to said corporation
and by virtue of the original arti-
les of Incorporation are hereby re-
,erved to this corporation.
IN WITNESS WHEREOF, The Pre-
ident of this corporation has signed
hese amendments and caused the
.ame to be attested by the Secretary,
his 25th day of September, 1915.
HENRY HUNING,
President
Navajo-Apache Bank & Trust Co.
r. C. KAUFMAN,
Secretary
Navajo-Apache Bank & Trust Co.
5TATE OR ARIZONA,