Arizona republican., 1906-01-22

in such manner as may from time to time be determined.
 Is. To receive money and securities or deposit, at interest or otherwise.
 1. ITO borrow or raise or secure the payment of money in such manner as the corporation shall think fit, and in par ticular by the issue of debentures de- benture stock, or other securities, with the corporations assets( either present or future) including its uncalled capital and to redeem and pay off any such
 IS. TO guarantee the performance of any contracts or obligations and 10 ac- cept property on trust and to act as trus- tee and eXecutor.
 19. To remunerate any person com pany for services rendered in placing or assisting to p lace any of the shares in or debentures or other securities Of the corporation or of any company promoted wholly or in part by this corporation / 20. To do all or an yof the above things principals, agents, trustees, or otherwise and by trustees, contractors agents or otherwise, and either alone or in con- junction with others.
 21. To do all such other things as are Incidental to or connected with any of attainment thereof otherw:se likely In corporation, and in case or doubt as to what shall be so incidental, connected conducive or advantageous as aforesaid the decision of the board of directors shall he conclusive.
 Thrid: The authorized amount of capi- tai stock snail be twenty-tiVe million dol lars (S25.0O0 000), divided into two hundred ana Iltty thousand shares of tfi-. par value Of one hundred dollars C$l0O each. At such time as the board of directors may by resolution direct. said capital stock shall be paid in, either in cash or by the sale and transfer of real or per soanl property to the said corporation for it's uses and purposes in payment for which. capital stock may be issued, and the stock so issued shall thereupon and thereby become and be fully paid up ana non-assessabIe, and the judgment of the directors as to the value of the property purchased shall be conclusive.
 Fourth. The time of the Ist day of December. 1905. and the termi- nation thereof shall be twenty-five years Fifth: The affairs of this corporation shall be conducted by a board of not more than thirty directors. The first board of directors shall be elected at the thereafter the board of directors shall be elected from among the stockholders on the first Tuesday in December of each year, commencing in 1906.
 Sixth: The highest amount of indebt- edness or liability to which this corpora tion is at any time subject shall be six teen million (S16.UOO,0U0 dollars.
 Ine nf PTyate iS PT0Pery or the exempt from corporate debus of any kind In witness whereof. we have hereunto set our hands and seals the 20th day or November, 1905.
 LEWIS P. CoWELI. SseaB State of New York.
 County of New York, ss.
 Before me, William A. Boeckel, a mo- tary public in and for the State and county aforesaid on this day personally appeared Henry Sheldon and Lewis P COwell, known to me to be the persons whose names are subscribed to the fore going instrument. and acknowledged to me that they executed the same for the purpose and consideration thereln ex- pressed.
 Given under my hand and seal this 23d day ot November, 1905.
 CNotarial eSaD
 WILLIAM A. BOECKEI4 Notary Public, Kings Co, Certificate fled My commission expires 30 day of March. 1907
 Filed according to law Dec 1, 19O5