Graham guardian., 1920-01-09

poration and the object for whicl
NJ is formed are for the purpose o
banking in all its branches, by re,
ceiving deposits and paying then
out again upon the order Of depos.
llors, buying and selling exchange
coin and bullion, borrowing ant
lending money, loaning, buying, sell.
'n@ d!scounting, holding and deal.
ing with and in all kinds of com
mercial paper, including promissory
notes, mortgages on real and per-
sonal property, stocks, bonds, city
Town, school, county and state war.
rants, and all evidences Of debt anC
bankahle paper on good and suffi-
cient security, either personal, col
lateral, or real estate to be deter
mined by the officers Of the bank
The corporation shall have power
in the general nature of its bust
ness to accept and execute trusts Of
every nature, kind and description
hat may be committed to it; to at
tend in legal manner to the manage
ment and settlement of estates
guardlanships, assignments, re-
ceiverships, aud other trust, wheth-
er under appointment of courts OF
otherwise, to act as executor, adj
ministrator, end guardian of es-
lates; 10 act as pledge holder, at
torney in fact, agent, assignee, re-
ceiver, depository or trustee; to dc
a safe deposit business, To receive
and keep in safe deposit vaults, or
and other places of safe keeping
bonds, stocks, notes, papers and val
uables of every kind, and to collect
and receive compensation for such
keeping, to purchase, own, hold, sell,
assign, and hypothecate personal
bonds, chooses in action,
bank stock, capital stock of this and
other corporations, and all classes
Of evidences of indebtedness; TO
register and counlersign
stocks, bonds or other evil
dences of indebtedness to is
rue and sell debentures, bonds Sc
cured by mortgage on real property
)r otherwise; to receive on deposit
Or otherwise trust funds or moneys
belonging to the United States,
Counties, Cities, Towns, or other
corporations, and to deal
herewith according to law; TO pur-
,hase, hold, own, sell, mortgage and
convey such real estate as may be
necessary for carrying on the busj-
hess of the corporation. and su5h
'ther. real property as may be tak-
n as security for or in payment OF
lebtS owing to said corporation; to
'uy, sell and guarantee bonds, notes,
oans and evidences of indebtedness;
o receive and accept savings de-
'osits, to reloan such deposits and
0 pay interest thereon; to conduct
avines departments in any branch
+ the corporation; and to do all
thcr kinds of business not incon-
isient with good banking and not
A conflict with State or Federal
AVIS.
ARTICLE III
The amount of the capital stock
f this corporation shall be one
undred thousand (Si000OO.00) dol
IFS, divided into one thousand
hares of one hundred dollars each.
shall be paid at such times as the
oard of directors may designate in
ash; provided that stockholders Of
he Citizens Bank, Thatcher, Ari-
ma, shall be entitled to exchange
leir stock in that corporation for
le capital stock of this corporation
pom a transfer, assignment and
of the assets of said The
itizens Bank to this corporation. |
lch stock shall be exchanged upon
ich terms as the board of directors
this corporation shall determine,
I'd all shares of capital stock is
led in exchange therefor shall |
lereupon become and be fully paid |
he same as though paid for in cash
par, and shall be non-assessable
'rever, and in the absence of actual
aud in the Judgment of the Board
Directors as to the value of the
me shall be conclusive.
ARTICLE ".
The time of The commencement Of
lis corporation shall be The day
Iese articles of incorporation are
led in the office of the Corporation
of the State of Arizona
I'd a certified copy thereof, record
in the office Of the County Re-
der Of Graham County, State OF
and its termination shall
twenty-five (25l years, thence
'xt ensuing, with the privilege of
newal and the right Of perpetual
recession now provided by law.
ARTICLE V
The affairs of this corporation
all be conducted by board Of not
IS than five nor more than nine
rectors, by whom a president one
more vice-presidents, a cashier
ID such assistant cashiers as the
p1 80 4 .I.ali !