The Winslow mail., 1921-02-18

fecepta1ieS upon such terms and for
such r ppnsation as may be agreed
upon, To become surety for admins
traitors, guardians or other trustee or
persons in cases where one Or more
securities are required. To examine
titles, to make and certify abstracts
of title, to guarantee or insure to
grantees validity OF titles in real
estate transfers at rate of compen-
sation and upon such terms as may
be agreed upon. To lease, hold and
convey all such lands and personal
estate as nay be necessary to carry
ON it's business as well as such real
and personal estate as it may deem
necessary to acquire to enforce set
tiement Of any claims or demands
arising oTt Of it's business transac-
tious and 10 issue and execute in the
transaction of it's business all neces-
sary receipts, certificates and con-
tracts 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 connected with the
purpose and objects above specified,
or that may be necessary or conven-
lent or useful to the main purpose of
the corporation in carrying on a gem
eral banking business
ARTICLE V.
The amount of authorized capital
stock of this corporation is Fifty
Thousand Dollars. divided into Five
Hundred shares of One Hundred Dol
lars each, of which Two Hundred
Fifty shares shall be paid in in cash,
real estate fixtures or liquid securi-
ties approved by the Board of Direc-
tors, at not less than par value. The
remaining Two Hundred Fifty shares
shall remain as treasury stock and be
issued only by the consent Of two
thirds of the stock holders of record
and when SO issued shall be paid eor
in cash at not les than one hundred
ten dollars per share, and when so is-
sued the stock of the corporation shagh
be fully paid and worcestershire.
ARTICLE vi.
The management and control of eha
business and property of this corpora
tion shall be vested in a Board Of Da~
rectors consisting of not less thasB
three nor more than seven members
who shall be elected from the stock
holders of record at the annual HGet-
ing which shall be held on the GrgG
Saturday Of January each year aIa&
said directors shall hold office Un&&a
their successors are elected and qual2o
fy: any vacancy that may occur i'm tal9
Board of Directors shall be filed 10y
the remaining members of said Board
from the stockholders of record, said
Board Of Directors shall have power
to enact bylaws and make any and
all rules necessary for the conduct
and management of the affairs of the
corporation not inconsistent with the
law or these Articles of Incorporation.
ARTICLE VII.
TIL names and residence of the per
sons who have been selected as Off
GERS and Board of Directors to manage
The business and affairs of the Cor
poration until the first annual stock
holders meeting are as follows:
J. H. FULLER, President and Direc-
ror, San Diego, Cal; o. B. SUTTON,
Vice-President and Director, Phoenix,
Ariz.: r. G. KAUFFAN, Cashier and
Director, Winslow, Ariz.; J. B. HERN-
DON, Director, albuquerque, N. M;
j. L. SWEENEY, Director, Winslow,
Ariz.; J. H. GIBSON, Director, Win
slow, AriZ.
ARTICLE VIII.
The greatest amount of Indebtedness
to which the corporation may subject
itself shall not exceed an amount
equal to two thirds of the capital
stock actually issued and paid in.
ARTICLE TX.
The private property of the stock
holders of this corporation shall not
be subject to the payment of the cor
porate debts in any amount or to any
extent whatever.
ARTICLE X
These articles may be changed, al
tered or amended at any authorized
meeting of the stockholders by vote
of the stockholders representing
majority of the stock.
ARTICLE XII
The name and place of residence
of the Statutory Agent of this COR
poration shall be r. G. Kaufman, Win
slow, Navajo County, State of Arizona,
who has been a bona fide resident of