The Parker post., 1917-08-25
ARTICLES OF INCORPORATION OF
THE COMMERCIAL BANK
OF PARKER ADJUST
MENT COMPANY.

Know All Men by These Presents:
That we, the undersigned, do here
by associate ourselves together for
the purpose of forming a corporation
under the laws of the state of Arizo-
ma, and in furtherance to that pur-
pose, and to that end, we do hereby
adopt, execute, acknowledge and
publish the following Articles of In
corporation
ARTICLE |.
The name of this corporation shall
be, and is THE COMMERCIAL
BANK OF PARKER ADJUSTMENT
COMPANY.
ARTICLE II.
The names, residences and post
Office addresses of the incorporators
are as follows:
Name Residence POstoffice
J. B. Flanagan Parker Ariz Parker. Ariz
Nj. S. Stanley Phoenix. Ariz. Phoenix. Arz,
ARTICLE III.
The principal place of business Of
this corporation shall be at its office
in the town of Parker, Yuma county,
state of Arizona.
ARTICLE ".
The purpose of this corporation
and the general nature of the bust
ness proposed to be transacted and
carried on by 1t, shall be:
To take over by assignment OF
other proper and legal transfer, alb
solutely, all of the assets of the Com
mercial Bank of Parker Ga corpora
tion duly organized under the laws
Of the state of Arizona, and until the
l1th day of June, 1917, doing a
general banking business at Parker,
Arizona) consisting of promissory
notes, real estate, furniture and
fixtures, and all other assets ofwhat-
ever description, aggregating in val
ue about One Hundred and Fifteen
Thousand ($115,O00) Dollars, and
interest and rent. accrued thereon.
reduce said assets to cash by legal
and necessary means Of procedure,
and to distribute the proceeds of the
assets: First, to the depOsitors of the
Commercial Bank of Parker, who are
the preferred stockholders of this
corporation; Second, to the stock
of ho al Do l.
OF Parker, who are the common
stockholders OF this corporation;
provided that no disbursements shall
be made to the holders Of common
stock until all of the preferred stock
shall have been retired
In furtherance, and not in limita
ton. OF its general powers and pur
poses. it is expressly provided that
the corporation shall have the fol-
lowing powers, to-wit:
To acquire, own, handle, sell. in
cumber and otherwise deal in or
with any and all classes of property
to buy, or otherwise acquire, own,
or with shares of the capital stock
Of this. or other, corporations.
To make contracts, and to do as
fully and TO the same extent as
natural persons might or could do,
any and all Of the things herein set
forth, either as principals, agents,
rII oil yico
and either alone or in company with
other persons, associations or corpor-
ton.
In general TO have and exercise
in respect to all things. powers, priv
iIeges and immunities, conferred up
on corporations Of this class by the
laws of the state of Arizona, and
TO carry on any business in connec-
tiOn Herewith, not inconsistent with
the laws of the United States and the
state of Arizona.
ARTICLE V.
The amount of the capital stock of
this corporation shall be One Hun
dred and Fifteen Thousand ($115,-
000) Dollars, divided into one hun
dred and fifteen thousand shares of
the par value of One ($1.00) Dollar
each per share, the said capital
stock to consist Of one hundred and
five thousand shares of preferred
stock, and ten thousand shares of
common stock, and the shares when
issued shall be fully paid and nom
assessable, and all stockholders
meetings may be represented by