The Benson signal., 1916-07-29
w. N. Sangster. Secretary.

KNOW ALL MEN BY THESE PRES
ENTS: That at special meeting of the
Stockholders of the Bank of Benson, a cor
poration organized and existing under the
laws of the State of Arizona. pursua1 to
due and legal notice to each stockholder
of said Bank of Benson, held at the flee
Arizona, on the 18th day of June, 1916.
and at which meeting more than three
fourths of the then issued capital stock of
the said Bank of Benson was represei ted
by stockholders in person, the follow ing
amendment to its Articles of lncorpora ion
were adopted by an affirmative vote of the
stockholders of the said Bank of Benson:
RESOLVED. That the Articles of Ircor-
poration of the Bank of Benson be and the
same are hereby amended and char ged
to read as follows:
ARTICLE THIRD
THE amount of the Capital Stock of this
lars ($5O,OOOOO) divided into FIVE hundred
shares of the par value of One Hundred
Dollars t$l00,0O per share; Twelve Thous-
and Five Hundred Dollars ($l2,5000O or
twenty-five per cent Of the entire capital
stock. shall be paid in now and the re-
naming Thirty-seven Thousand Five Hun
dred Dollars ($37 100000. being seventy
FIVE per cent Of the entire capital stock,
shall be held unissued. and to remain sc
until otherwise directed by vote of a
majority of the stockholders or by major
ity of the Board of Directors. And when
so directed the then stockholders shall be
first entitled to subscribe and pay for said
unissued stock in proportion to the amount
respectively held by them of the then out
standing stock"
ARTICLE FIFTH
THE affairs of the corporation shall be
conducted by Board of Directors consist
ing of not less than five (5) nor more than
nine C9) members; who shall be stock.
holders of this corporation, and the said
Board of Directors shall elect from theil
own number the following officers: A pres
ident and one or more vice-presidents.
Other officers, including a cashier. and
employees of this corporation shall be
elected or appointed from time as the
Board of Directors see fit. or as may be
provided for in the bylaws of this corpo-
ration; and such officers and employees
other than the president and vice-presi-
dents need not be members of the board
of directors, nor stockholders. The board
of directors shall adopt bylaws which
shall define the duties of such officers. the
time of their election by such directors
the time of the stockholders meetings 70,
the election of directors. and such othe,
matters as the Board of Directors may
deem proper. The directors shall be elect
ed annually and shall hold office for one
year and until their successors are elected
and qualified. Provided, however that
the following named stockholders shall be
directors for this corporation for the en-
suing year, and until the annual stock
holders meeting is held for the election
of officers: A. C. Smith, H. w. Etz, 10. H.
Getzwiller, Chas. E. Goetz, Leopold Maier,
B. J. Mckinney, A. H. Wien. P. W. Ham
ilton.
IN WITNESS WHEREOF. we have
hereunto set our hands as President and
Cashier of said Bank of Benson, and here
to af1x the corporate seal of said corpora
ton this 18th day of June, 1916.
BANK OF BENSON,
[Seall By A. C. SMITH, President.
By M. w. SMITH. Cashier