The Winslow mail., 1916-05-26

and personal property, and TO rent
out the use of safes and other receipt
acles, upon such terms and for such
compensation as may be agreed upon.
To become surety for administrators
guardians or other trustees or per
sons in cases where, by law or other
wise, one or more sureties are re
quired.
To examine titles, and make ano
certify abstracts of title, to guaran
tee or insure to grantees the validity
Of titles in real estate, transfers, at
rate Of compensation, and upon sucl
terms and conditions as may be
agreed upon.
10 lease, hold and convey all sucl
land and real and personal estate a
may be necessary to carry on its
business, as well as such real and per
sonal estate as it may deem neces,
sary to acquire in the enforce,
ment or settlement of any claims OF
demands arising out Of its business
transactions, and to issue and execute
in the transaction of its business al
necessary receipts, certificates ano
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
ing on a general banking and trust
company business in all it's branches
The amount of the authorized capi
tai stock of the corporation is Forty
Thousand Dollars ($4O,O000O), divid
ID into four hundred (4O0) shares OF
he par value Of One Hundred Dollars
(S10O.00) each, all of which shall bc
}aid 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-
ents, and shall continue and endure
or a period Of twenty-five (25)
years.
The officers of the corporation shall
De a President, Vice-President, Cash
er and Secretary, and such other Off
.ars as the Board of Directors shall
rom time to time determine. The
)nice 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 stool
lolders, are as follows: President, r
/. Tuttle, Winslow, Arizona;, Vice
I resident, T. NJ. Quebedeaux, Gallup
! Tew Mexico; Cashier and Secretary
:. G. Kaufman, Winslow, Arizona
R. G. Kaufman is designated as the
I 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
onsisting Of not less than three nol
! nore than five members, all Of whom
hall be stock holders, and the Direc-
ors shall be elected annually at the
| .nnual meeting of the stock holders
be held the second Tuesday Of
'anuary Of each year, at the principa
office of the corporation at Winslow
4 arizona.
I The Board of Directors shall, al
! heir first meeting, following the an
lual stock holders meeting, elect {
PRESIDENT, vice-president, cashier anc
'ecretary, all of whom shall be stocl
| olders; the Board of Directors may
elect an executive committee, con
/ isting Of two directors, and sucf
,ther officers and agents as they may
letermine to be necessary, whose
| luties shall be determined by the by
avs.
| The Board Of Directors shall have
I he power to establish or cause to be
established and maintained one OF
lore branches, and to appoint sucl
gent or agents to assist in the man
cement Of its business and in con
.ucting the affairs Of the corporation
S they may from time to time deem
dvisable and may vest in such agent
II agents such power as they may
ieem expedient.
Should any vacancy or vacancies al
my time occur in the Board Of Direc-
ors, the remaining directors shall
ave the power to fill any such vacan-
y or vacancies until the next annual
tock holders meeting.
The Board of Directors shall also