The copper era and Morenci leader., 1917-09-07

we, Cn6 uHueTSlSueu, III OTuef Io form a corporation for the purposes hereinafter stated, under and pur- suant to the laws Of the State of Ari- zona, do hereby certify as follows:
 The name of the corporation is THE PEOPLES BANK AND TRUST co. II.
 The principal place of business of this corporation is ,he town of Cliff ton, County of Graenlee, State of Ari- zcra
 The names, postoffice addresses and residences of the incorporators | are: O. J. Cotey, whose post office address and place of residence is Clifton, Greenlee County, Arizona; A. H Slaughter, whose post office ad- dress and place of residence is Cliff ! ton, Greenlee County, Arizona; and Antonio Spezia, whose post office ad- dress and place of residence is Cliff ton, Greenlee County, Arizona. ".
 1 The general nature of the business proposed to be transacted by this cor pcration is:
 l. To carry on the business of banking in all it's branches under the laws of the State of Arizona; receiv- | ing deposits and paying them out on order of depositors; buying and sell ing exchange coin and bullion; bor- rowing and lending money: loaning, buying, selling, discounting, holding and dealing in all kinds of negotiable paper, including promissory notes, mortgages on real and personal prop J erty, stocks and bonds, city, town, school, county and state bonds and warrants; gold, silver and copper bull i lion and ores; and all evidences of debt and valuable paper and all other good and sufficient security either personal, collateral or real estate. i 2. To acquire, purchase, own and lease all real estate and personal or mixed property necessary and proper [ for the conduct of it's business under | the. provision of law and to sell, mortgage, lease or otherwise dispose of or hypothecate the same. 1 3. To do a general trust business, and to act as trustee, administrator, executor, guardian administrator with l the will annexed. agent, collection agent, or in any and all other fidu- ciary capacity in any proceeding in Court or otherwise and to receive, hold and pay out trust funds, monies and property necessary to the com plete performance of the duties of its trust.
 The amount of the authorized cap ital stock of this corporation is fifty thousand (S50, ,000) Dollars, divided into five hundred shares of the par value of One Hundred (s100.00) dol | lars each, which shall be paid in at such time as the board of directors shall determine in cash real or per l sonal property, services, or any other valuable right or thing for the uses and purposes of the corporation, and all shares of the capital stock when issued shall thereupon be and become fully paid up and non-assessable and the judgment of the board of direct ors as to the value of any property acquired in exchange for capital stock shall be conclusive.
 VI
 The time of the commencement Oi this corporation shall be the day wher these articles are filed in accordance to law and the termination shall be twenty-five years thereafter witt privilege of renewal, as now provided by law.
 VII.
 The affairs of this corporation shal be conducted by a board of director; consisting of not less than three (3I or more than seven CD stockholder: by whom a president, two viCe-presl dents and one cashier shall be select ed. The cashier so selected. shall be by virtue of his office secretary-treas ureT of the corporation. The direct ors shall be elected by and iron among the stockholders on the frs
 Monday in January of each year ant shall hold office until their successor' shall be elected and shall qualify. Tn,
 following shall be the directors ant [ officers stated:
 O ]. Cotey, President; A. H. SIaugl ter, Vice-President: Pickens Ander son, Vice-President; I. N Thompson
 Cashier; Antonio Spezia, John R s Ward and T. M. Quebedeaux, Direct ! ors
 The board of directors shall hay ! power and it shall be their duty t
 make and establish bylaws for tn \ regulation of the affairs of the col poration.
 The highest amount of indebted
 ness or liability to which the corporf
 tion may at any time subject itsel
 is the sum of Twenty-Five thousan (s25,000.00) Dollars. The privat property of the stockholders of tn
 corporation shall be forever exemI
 from corproate debts.
 IN WITNESS WHEREOF, we hert
 to affix our signatures this Fist da
 of July, 1917
 O. J. Cotey A. H. Slaughter Antonio Spezia l State of Arizona,
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