Arizona republican., 1898-05-01

he necessary, useful or incidental to the successful management and pros ecution of the purposes and business aforesaid; to acquire, hold, deal in and own real estate; to erect any and all buildings as may be necessary or ad- yantageous in conducting said busi- ness.
 THIRD.
 The amount of the capital stock au- thorized is Five million dollars (S5, ,OO0, ,O00), which will be divided into Fifty thousand shares, of the par value of One hundred dollars ($1O0) each, full paid and n-assessable and which is to be paid in cash or property in one year.
 FOURTH.
 The corporation will begin business on the 1st day of May, 1898, Eighteen hundred and ninety-eight, and will terminate twenty-five years from date. FIFTH. The affairs of the corporation shall 1 be conducted by board of directors consisting of not less than three nor more than twenty-one persons; the of ficers shall be a President, Vice President, Secretary, and Treasurer, and at the option of the beard of di- rectors a second and third vice-presi- dent, and assistant Secretary, ard an assistant Treasurer, and an Executive Committee; election of officers and Directors shall be held On the first Tuesday of May.
 SIXTH
 Highest amount of indebtedness or liability to which this corporation shall subject itself shall be Two mil lion five hundred thousand dollars (s2, 2,500, ,O00).
 SEVENTH.
 corporation shall be exempt from cor porate debts.
 EIGHTH.
 Among the powers of this body cor porate, shall be: 1st, To have per- petual succession. 2nd, To sue and be sued by the corporate name. 3d, To have a common seal and to alter the same at pleasure. 4th, To render the shares or interest of stockholders transferable and to prescribe the mode of making such transfers. 9th, To exempt the private property of members from liability for corporate debts. 9th, To make contracts, ac- quire and transfer property possessing the same powers in such respects as private individuals now enjoy.
 NINTH.
 To establish all bylaws and make all rules and regulations deemed expedient for the management of their affairs not inconsistent with the constitu- tion and laws of the United States and the territory of Arizona.
 IN WITNESS WHEREOF we have hereunto set our hands and seals this 23d day of April, One thousand, eight hundred and ninety-eight. AUSTIN c. DENNISTON. [seal] FRANCIS J. DOYLE. [seal1 HENRY l.. SCHEUERMAN. [seal] HENRY w. MAYER. [seal1 State of New York, City and County of New York, ss:
 Before me, Jacob Meirowitz, a nc tary public in and for the city and county of New York, on this day per sonally appeared Austin G. Denniston, Francis J. Doyle, Henry l.. Scheuer- man and Henry w. Mayer, known to me to be the several persons whose names are subscribed to the foregoing instrument, and each acknowledged to me that he executed the same for the purpose and consideration therein ex- pressed.
 Given under my hand and seal Of office this 23d day of April, 1898.
 [seal1 JACOB MEIROWITZ,
 Notary Public 132, New York Co. State of New York. County of New York, ss:
 I, William Sohmer, clerk of the county of New York. and also clerk of the supreme court for the said county, the same being a court of rec ord. do hereby certify that Jacob Meirowitz, whose name is subscribed to the certificate of the proof or ac- knowledgment of the annexed instru- mentR and thereon written, was, at the time of taking such proof or ac knowledgment, a notary public in and for the county of New York. dwelling in the said county, commis- stoned and sworn and duly author