Arizona republican., 1906-01-26

time be determined
 16 To receive money and securities on deposit, at interest or otherwise.
 l. ITO borrow or raise or secure the payment of money in such manner as the corporation shall think fit, and in par tcular by the issue of debentures, de benture stock, or other securities, with or without a charge upon all or any Of 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- lee and executor.
 19 To remunerate any person or com pany for services rendered in placing or assisting to place any of the shares in debentureS or other securities of the corporation, or of any company promoted wholly or in part by this corporation. oU e'l S Si SlI4E Ot SHe a3ONS tIlIIs principals, agents, trustees. or otherwise and by trustees, sub-contractors, agents, junction with others.
 21. To do all such other things as are incidental to or connected with any of the above subjects or couducive to the attainment thereof otherwise 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
 Third: The authorized amount of capi- tai stock shall be twenty-five million dol lars CS25,0O0,000). divided into two hundred and fifty thousand shares of the par 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, Tor 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 and 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 termi- nation thereof shall be twenty-five years Fiftn: 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 Iirst meeting or the 1ncorporators 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 CS16OOO,Ot0) dollars.
 Seventh: The private property of the exempt from corporate debts of any kind whatsoever.
 In witness whereof, we have hereunto set our hands and seals the 2Oth day or
 HfENRY SHELDON. (seap
 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 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 therein eX- pressed.
 Given under my hand and seal this 23d day of November, 1905.
 (NOtarial SeaD
 WILLIAM 4. BOECKEL. Notary Public, Kings Co.,, Certificate hled in N. |. Co.
 My commission expires 90 day of March. Filed according to law Dec. l, 1905.