Arizona republican., 1906-01-27

in such manner as may from time to time be determined
 I6 To receive money and securities on deposit, at interest or otherwise.
 1. ITO borrow or raise or secure the payment of money in such manner as the ticular by the issue of deDentures, de- benture stock, or other securities, with or without a charge upon all or any or the corporation's assets( either present or future), including it's uncalled capital and to redeem and pay off any such lS To guarantee the performance of any contracts or obligations and to ac- cept property on trust and to act trus- l9. To remunerate any person or com pany for services rendered in placing or assisting to place 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 any of the above things 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 incidental to or connected with any of attainment thereof otherw1se 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, shall be conclusive.
 Third: The authorized amount of capi- tai stock shall be twenty-five million dol
 
 and fifty thousand shares of the par value of one hundred dollars G100) each. may by resolution direct. said capital stock shall be paid in. either in cash or soanl property to the said corporation. for it's uses and purposes, in payment for the stock so issued shall thereupon and thereby become and be fully paid up ana non-assessable, and the judgment of the directors as to the value of the property purchased shall be conclusive.
 Fourth: The time of the commence ment of this corporation shall be the 1st day of December, 1905, and the terni- 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 first meeting of the incOrporatOrs ana 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 $l6.0O0OuO dollars.
 Seventh: The private property of the stockholders of this corporation shall be exempt from corporate deoIs of any kind In witness whereof. we have hereunto set our hands and seals the 2Oth day or
 HENRY SHELDON. CseaD
 LEWIS P. COWELL. (SeaD State of New York,
 County of New York, ss.
 Before me. William A BOeckel, a mo- tary public in and for the SJaUe and county aforesaid. on this day personally appeared Henry Sheldon and Lewis P. 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 therem eX- pressed.
 Given under my hand and seal this 23d day of November, 1865
 CNotarial SeaD
 WILLIAM A BOECKEL Notary Public, Kings Co.,, Certificate filed in N. '. Go.
 My commission expires 30 day of March. 1907.
 Filed according to law Dec. l. 1905.