The Parker post., 1917-10-20

property as may be necessary to car
ry on its business, as we'll as such
real and personal estate as 1t may
deem necessary to acquire In the en-
forcement or settlement Of any
claims or demands arising out Of It's
business transactions, and to issue
and execute In the transaction Of its
business. all necessary receipts, cer-
tificates and contracts, which shall
be signed by such person or persons
as may be designated by the bylaws
Of the corporation.
10. To conduct all or any of the
business hereinbefore mentioned and
all business incident thereto and
fairly implied in these expressed pur
poses, although the same be not spe-
cifcally mentioned. and in separate.
and different departments in the
manner authorized by law, or In such
manner as may be by law hereafter
authorized and required.
ARTICLE III.
The amount Of the authorized
capital stock Of the corporation Is
fifteen thousand dollars ($15, 5,0oVl,
divided into one hundred fifty (150)
shares, Of the par value Of one hum
dred dollars ($100.O0) each, thir-
teen thousand dollars ($13,090.00)
Of which shall be paid in, in cash, at
the time or before the corporation
opens for business.
ARTICLE ".
The time of commencement Of this
corporation shall be from the date Of
the issuance and delivery of the cer-
tifcate Of incorporation, by the Cor
poration Commission Of the state Of
Arizona, and shall continue ard en-
dure for period Of twenty-five
years from the date of said issuance
and delivery of certificate or incor-
poration.
ARTICLE v.
The officers of the corporation
shall be a president, vice-president,
cashier and secretary, and such other
officers as may be provided for in the
bylaws Of the corporation, or as the
board of directors shall, from time
to time. determine. The office of
cashier and secretary may be vested
in the same person.
The affairs of the corporation shall
be conducted by board Of directors,
consisting of not less than three. nor
more than seven directors, all of
whom shall be stockholders. an,i all
directors shall be elected annually, at
the annual meeting of the stockhold-
ers, to be- held On the second Satur-
day in October, each year, at the
principal Office Of the corporation. In
Parker, Arizona ,-y.', ...-. . -.
The board of directors shall, at
their first meeting. following the an
nual stockholders meeting, alect a,
president, vice-presiden:, cashier and
secretary, all of whom shalt pc stock
holders, and such other officers and
agents as they may determine to be
necessary, or as may he provided by
the bylaws, and tbs. duties Of such
officers shall be determined by tho
bylaws Of the corporation.
The board Of directors shall have
the power to establish or cause to be-
established and maintained, one or
more branches and to appoint such
agent or gents to assist in tn: man.
agement Of its business and In con-
ducting the affairs Of the corpora
ton, as they may. from time to time,
1eem advisable and may vest in such
agent or agents such power as they
may deem expedient.
Should any vacancy or vacancies
at any time occur in the board Of d.
rectors, the remaining directors shall
have the power to fill such vacancy
or vacancies until the next annual
meeting Of tho stockholderA,
The board Of directors shall also
have the power to make and amend
bylaws and rules and regulations,
deemed expedient for the manage
ment Of affairs of the corporation.
and the officers thereof, not inconsis-
tent with the constItatton If the
United States and Of the state Of
Arizona.
Until the first regular annual
meeting, after the execution and
adoption Of these articles Ct incor-
poration, or until the adoption Of by
laws. which shall change the num-
Der Of directors. the following stock
holders shall constitute a board OF
directors Of the corporation:
Newman Essick OF Tna Angaias