Arizona republican., 1906-01-23

time be determined
 16. To receive money and securities on deposit, at interest or otherwise.
 l. ITO borrow or raise or secure the corporation shall think fit, and in par ticular by the issue of debentures, de- benture stock. or other securities with or without a charge upon all or any or the corporations assets( either present or future). including its uncalled capital and to redeem and pay off any such securities.
 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 or com pany for services rendered in placing or or debentures or other Securities of +bn corporation, or of any company promotes 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, sub contractors, agents junction with others
 2l. To do all such other things as are incidental to or connected with any of the above subjects, or coucucive to the attainment thereof otherwise likely h 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.
 Thrid: 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 (S100) 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 per 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 10 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
 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 CSl6OO0.OU0 dollars.
 Seventh: The private property of the stockholders of this corporation shall be exempt from corporate debts of any kind In witness whereof, we have hereunto set our hands and seals the 20th day or
 AENRY SHELDON. (seap 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 cousideration therem eX- pressed.
 Given under my hand and seal this 23d 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. Filed according to law Dec. 1, 1905.