Arizona republican., 1906-01-24

in such manner as may from time to time be determined.
 16. To receive money and securities on deposit, at interest or otherwise.
 ITO borrow or raise or secure the payment of money in such manner as the corporation shall think it, 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 to ac- cept property on trust and to act as trus- tee and eXecutor.
 l9. To remunerate any person or com pany for services rendered in placing or assisting to lace any of the shares in corporation, or of any company promoted wholly or in part by this corporation
 20 To do all or an yof the above things in any parts of the world and either as principals, agents, trustees. or otherwise and by trustees, -sub-contractors, agents, or otherwise and either alone or in con junction with others.
 21. To do all such other things as are the above subjects, or conqucive to the attainment thereof otherwise likely in any respect to be advantageous to the. 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 be conclusive.
 tai stock shall be twenty-five million dol lars CS25. 5.000. .000), divided into two hundred and fifty thousand shares of tn, par value of one hundred dollars (SIOO) 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 directors as to the value of the property purchased shall be conclusive.
 ha m nf ha ment of this corporation shall be the 1st day of December, 1905, and the termi- thereafter.
 Fifth: The affairs of this corporation more than thirty directors. The first board of directors shall be elected at the thereafter the board of directors shall be elected rom among the stockholders on year, commencing in 1906
 Sixth: The highest amount of indebt- edness or liability to which this corpora teen million ($16.O000J0) dollars.
 seventh: The private propcrty of the stockholders of this corporation shall be exempt from corporate debts of any l1ind whatsoever.
 In witness whereof, we have hereunto set our hands and seals the 2Oth day or
 HENRY SHELDON (seaD State of New York,
 County of New York. ss.
 Before me, William A Boeckel, a mo- tary public in and for the State ana county aforesaid, on this day personally appeared Henry Sheldon and Lewis F. Coweli, 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 therein ex- pressed.
 Given under my hand and seal this 2Sd day of November, 1905.
 CNOtarial eSaD
 WILLIAM A. BOECKEL. Notary Public, Kings Co.,, Certificate filed in N. Y Co.,
 My commission expires 30 day of March. 1907.
 FlIed according to law Dec. l. 1eO5.