be signed and acknowledged by the incorporators, and filed in office of Secretary of Porto Rico.

5. Cost of Incorporating. —Simply the legal fees to Secretary of the Territory for filing and recording articles and issuing certificate of incorporation. 6. Annual License Fee. There is none.

7. Amendments. Articles may be amended in all respects, upon resolution of board of directors, and vote of two-thirds of the stock.

8. Incorporators. Must be three or more persons of lawful age. No residential requirements.

Must be at least three, one of whom must reside in

Must be held at the principal office in Porto Rico.

- No reports are required to be made.

12. Books. Stock and transfer books, open to inspection of shareholders and others interested, must be kept at the principal office; and ten days before election of directors or officers a list of stockholders entitled to vote must be made and be open to inspection of stockholders.

13. Office and Agent. - A principal office must be maintained in Porto Rico, with an agent in charge.

14. Liabilities. -Stockholders are liable only for amount unpaid on stock.

15. Dissolution. - Voluntary dissolution may be had by resolution of the directors, and by written consent of two-thirds in interest of stockholders.

16. Foreign Corporations. — There seems to be no law pertaining to Porto Rico regulating foreign corporations.

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To open, take charge of, examine, inspect, and audit books of account; to certify to the results of such examination, inspection, and audit, and to guaranty the correctness of the same. To furnish facilities to individuals, firms, and corporations for opening sets of books of account and for auditing and balancing the same. (See p. 627.)

FORM 2. — ACQUISITION OF EXISTING BUSINESS.

To purchase, acquire, and take over the business and property, both real and personal, name and assets of every nature and description of the business now being carried on by in the city of State of

FORM 3.-ADVERTISING.

To carry on a general advertising business in all its various branches; to solicit and contract for and give publicity to all kinds of advertising; to prepare, manufacture, construct, and arrange for advertising devices, advertisements, and novelties. To erect, construct, purchase, lease, or otherwise acquire fences, bill-boards, signboards, buildings, and other structures suitable for advertising purposes. To do a general bill-posting, sign-tacking, circularizing, and distributing business of every kind appertaining to any and all kinds of advertising.

FORM 4.- AGRICULTURAL IMPLEMENTS.

To carry on the business of manufacturers and dealers in agricultural implements; to manufacture, buy, sell, export, import, and generally deal in harvesters, binders, reapers, mowers, harrows, hay racks, headers and shredders, cutters, binding machines, threshers, drillers, seeders, and agricultural tools and implements of all kinds, and such other goods, wares, and merchandise as are usually manufactured or sold, exported or imported, and dealt in by manufacturers and dealers in a similar line of business.

FORM 5.-AIR BRAKES.

To carry on the business of manufacturers and dealers in air or pneumatic brakes and braking devices and appliances of every description; to manufacture, buy, sell, export, import, and generally deal in air or pneumatic braking devices and appliances, car tracks, railway appliances and supplies, machinery and appliances of every description. Also, to manufacture, buy, sell, export, import, and generally deal in compressed air machinery and parts, and to acquire by purchase or otherwise inventions, patents, licenses, and patent rights, and such brakes, braking devices, railway machinery and appliances and compressed air machinery and apparatus as may be manufactured, bought, sold, imported, exported, and dealt in by manufacturers and dealers in a similar line of business.

FORM 6. — AIR MOTORS.

To manufacture, construct, purchase, or otherwise acquire, deal in, sell, hire, lease, use, repair, operate, and maintain machinery, engines, compressors, or motors, tools, devices operated by compressed air or other expansible fluids, apparatus and appliances of any and every character.

FORM 7.-AIR POWER.

To manufacture, buy, sell, import, export, and generally deal in air compressors, machinery and apparatus useful or convenient for use in connection with the aforesaid business or any part thereof; to purchase or otherwise acquire, sell, lease, export, or import machinery, engines, trucks, and cars suitable for use in connection with the aforesaid line of business or any part thereof.

To manufacture, buy, sell, export, import, and generally deal in aluminum goods, and such other goods, wares, and merchandise as are usually manufactured, bought, sold, exported, or imported and dealt in by manufacturers and dealers in a similar line of business. To carry on the business of mining, milling, concentrating, converting, smelting, treating, preparing for market, manufacturing, buying, selling, and otherwise producing and dealing in aluminum and other products.

FORM 9.- AMMONIA.

To prepare, distil, manufacture, buy, sell, and generally deal in ammonia and such other products as are usually distilled, manufactured, bought, sold, and dealt in by manufacturers and dealers in a similar line of business.

FORM 10.- AMMUNITION.

To manufacture, buy, sell, export, import, and generally deal in gunpowder, shot, bullets, cartridges, shells, explosives, and such other goods, wares, and merchandise as are usually manufactured, bought, sold, exported, imported, and dealt in by dealers in a similar line of business.

To build, buy, lease, or otherwise acquire, own, operate, and maintain merry-gorounds, loop-the-loops, gravity and pleasure railways, aerial coasting swings, Ferris Wheels, and all other devices of a like nature calculated to offer amusement to the public and profit to the company. Also to manufacture, locate, buy, lease, or otherwise acquire, sell, and deal in scenery, stage appliances, theatre appliances, and other articles suitable for use on stage or in amusement enterprises, theatres, or other public places. Also to purchase, own, lease, or otherwise acquire, license, or sell plays, operas, songs, musical or dramatic manuscripts or copyrights whatsoever which may be used as a basis for the amusement or entertainment of persons in public or private places. To carry on the business of, and to do any and all things that may be ordinarily conducted by dramatic and operatic agents and managers of amusement enterprises of any kind, including the manufacture of appliances used in theatrical amusement enterprises. Also to conduct amusement enterprises of all kinds. To purchase, lease, or otherwise acquire, buy, sell, or otherwise dispose of lands and buildings for the erection, operation, and maintenance of theatres, opera houses, and amusement enterprises of every character, with suitable plants, machinery, lighting, and heating apparatus, and other appliances connected therewith.

To carry on in all its various branches a general stock-raising farm and ranch business; particularly to buy, sell, breed, raise, or otherwise deal in Angora Goats and other domestic animals.

FORM 13.- ANIMAL FANCIERS.

To buy, sell, import, export, and generally deal in all kinds of animals, domestic or wild; and particularly to buy, sell, import, export, and deal in dogs, cats, goats, birds, and such other animals as are usually bought, sold, imported, and exported by dealers in a similar line of business.

To erect, build, equip, operate, maintain, buy, and sell apartment houses; to supply electricity for lighting, heating, power, signalling, and other purposes. Το construct, own, and operate electric telephone exchanges.

FORM 15.- ARCHITECTS.

To conduct, manage, and carry on the businesses of architects and engineers in all or any of their respective branches, and also the development of real estate situate in the State of or elsewhere; to make contracts for the preparation of plans or other drawings and specifications of buildings or parts of buildings of any kind and description; to superintend the construction thereof and to do any and all acts in the line of the businesses of architects and engineers which it may deem necessary, profitable, or desirable for the promotion of its business. To acquire by purchase or otherwise own, hold, buy, sell, convey, lease, mortgage, or encumber real estate including quarry lands or other property, personal or mixed. To survey, subdivide, plat, improve, and develop lands for purposes of sale or otherwise, and to do and perform all things needful and lawful for the development and improvement of the same for residence, trade, or business. To acquire to the same extent as natural persons and without limit as to amount, by purchase, lease, exchange, hire, or otherwise, lands, improved or unimproved, tenements, bereditaments, chattels, real or personal, or any interest therein; to erect and construct houses, buildings, and works of every description on any lands of the company or upon any other lands; to rebuild, enlarge, alter, or improve existing houses, buildings, or works thereon; to subdivide, improve, and develop lands for purposes of sale or otherwise; to convert and appropriate any such land into and for roads, streets, and other conveniences, and to do and perform all things needful and lawful for the development and improvement of the same, and generally to deal with and improve the property of the company and of other parties; to own, hold, and maintain any property acquired by the company; to sell, convey, lease, release, let, exchange, mortgage, or otherwise encumber or dispose of lands, houses, buildings, hereditaments, appurtenances, chattels, and other property of the company; to equip, furnish, conduct, operate, manage, lease, and maintain hotels, apartment houses, boarding houses, dwelling houses, sanitariums, warehouses, or any kind of building for dwelling, amusement, recreation, charitable, or religious purposes; to undertake or direct the management and sale of the property of the company, real and personal; to sell, assign, release, hold, or satisfy mortgages which may become the property of the company; to loan on bond or mortgage or otherwise, or to advance money to, and to enter into contracts and arrangements of all kinds with contractors, laborers, skilled or otherwise, builders, property owners, and others.

FORM 16.- ASPHALT.

To mine, manufacture, produce, prepare, buy, sell, export, import, and generally deal in asphalt, cement, and such other products as are usually dealt in by dealers engaged in a similar line of business; to manufacture, produce, prepare, export, import, and deal in any product in the manufacture or composition of which asphalt or cement is used; to prospect for and locate lands suitable for clearing and mining all kinds of minerals, stone, and other products; also to enter into contracts for the paving, repairing, and improving of streets, alleys, and areas in and about public or private buildings or grounds.

AUDITORS. See ACCOUNTANTS, FORM 1.