Arizona republican., 1912-04-08

or otherwise acquire, erect, own, op- crate and dispose of, smelting and ore reduction works, oil. refineries. saw mills and power plants: to do a general manufacturing and mer- cantile business; to own, handle and control letters patent, inventions and franchises; to purchase. own hold, cancel and reissue shares of it's own capital stock, and to own shares of the capital stock of other corpor- ations, to is ue bonds, notes. de- bentures and other evidences of in- debtednesS and to secure the payment of the same by mortgage. deed of trust or otherwise and to exercise in respect thereto and to all shares of capital stock and other securities and obligations any and all the rights. pow CTS and privileges of a natural per- son; to act as agent, trustee, broker or in any other fiduciary capacity; to borrow and loan money, and in general to do all things necessary or convenient to the proper conduct of the business of the corporation in any part of the world
 ARTICLE THIRD: The authorized amount of capital stock of the cor poration is ONE MILLION DOLLARS &1.00O, ,000), divided into one million Q,00O,O00) shares of the par value of One Dollar ($1OO) each. which shall be paid in at such times and in such manner as the Board of Di- rectors may designate, in cash, real or personal property, services, op- ton to purchase or any other val uable right or thing, for the uses and purposes of the corporation. and all shares of capital stock, when is- sued in exchange therefor, shall there upon and thereby be and become full paid. the same as. though paid for in cash. at par. and shall be and be- come forever n-asSessable for any purpose whatsoever, and the judgment of the Board of Directors as to the value of any such property. services right or thing acquired in exchange for Capital Stock, shall be conclu- sive.
 ARTICLE FOURTH: The time oi the commencement of the corpora tion shall be the day these Articles of Incorporation are filed in accord ance with law, and the termination thereof shall be twenty-five year: l thereafter, with privelege of renewa for like periods, as provided by law. ARTICLE FIFTH: The affairs o the corporation shall be conducted | by a Board of Directors of such mum I Iy,rI I Ad The Board of Directors shall be cleo ted from among and by the stock | holders on the First Monday of Marcl | in each year and until the first an nual meeting, and until their sue l cessors are duly elected and hay qualified. the following named per | sons shall constitute the Board O i Directors.
 Frances NJ. Elliott, 115 Broadway Borough of Manhattan, New Yorl City, New York. Clarence F. Bishop of No. 115 Broadway. Borough O ! Manhattan. New York City. New Yorl i and Daniel w. Steele, Jr., of No. II Broadway. Borough of Manhattan New York City, New York. Tn Board of Directors shall adopt By laws for the government of the cor poration.
 ARTICLE SIXTH: The highes amount of indebtedness or liability direct or contingent. to which tn corporation is at any time subjec shall be SIX HUNDRED THOUSANI DOLLARS (s6OO. .OOO.OO) which amour does not exceed two-thirds tn amount of the capital stock.
 ARTICLE SEVENTH: The privat property of the shareholders of tn corporation shall be forever exemT from its debts and obligations. ARTICLE EIGHTH: At any meet ing of the stockholders of the cor poration, any shares of its capitt stock entitled to vote at such meet ing. may be voted by proxy. in sue manner as he Bylaws may provide IN WITNESS WHEREOF, We hay hereunto set our hands and seals thi twentieth day of February. 1912.
 FRANCES NJ. ELLIOT. U. s
 CLARENCE F. BISHOP. U. S
 DANIEL W. STEELE.Jr. U.S
 Sate of New York. City and Count of New York; ss.
 Before me, Blanche Schoeps,
 Commissioner of Deeds. in and fc the Stats County and City aforesai' on this day personally appeare
 Frances NJ. Elliot, Clarence F. Bishol and Daniel w. Steele, T., known me to be the persons whose name are subscribed to the foregoing ir strument. and acknowledged to m
 that they executed the same for th
 purposes and considerations there : in expressed.
 Given under my hand and seal ( office this twentieth day of FebruaI
 A. D. 1912.
 BLANCHE SCHOEPS.
 Commissioner of Deeds of Ne
 York City.
 My commission expires Februar
 9th. 1914.