The Sierra citizen., 1854-03-04
Article Of Incorporation
.dnd portion Of the By -LasCs Of the Sierra
Mountain Water Company.

Mountain Wates Company.
WHEREAS, John H. Atchison, James Y.
McDufie, J. B. Whitcomb, Henry Black
man, William Sharkey, d. B. Scott, Charles
G. MOxley and Mix Smith, have formed
themselves into company, and become in
corporated under the provisions of an act
entitled An Act to provide for the forma-
tion of corporations for certain purposes, in
the State of California" approved April
Il, 1853, for the purpose Of turning the
waters Of the South Fork of the North Fork
of the Yuba River, about five miles above
D0wnieville, in Sierra County, and convey
ing the same by canal and fume to Camp
tonyille and other points in Yuba county,
by such route as shall be designated by the
engineer and trustees of this company; the
water to be used for the term of fifty years,
at any point between the Middle and North
Forks Of the Yuba River, for mining, manu-
featuring and other purposes; We hereby
adopt the following Bylaws for the future
government of this company:
Sec. l. This company shall be designated
and known as the g Sierra Mountain Water
Company"
Sec. 2. The capital stock of this company
shall be three hundred and fifty thousand
dollars, to be divided into thirty-five hun
dred shares of one hundred dollars each.
certificates of which shall be issued by the
proper officers.
Sec. 3. The officers Of this company shall
consist of board of five trustees, any three
OF whom shall constitute quorum for the
transaction of business; and one of their
number shall act as president of this COM
pany, secretary, and treasurer, all of
whom shall be stockholders. and each hold
their respective Offices for the term Of one
year, or until their successors are elected.
Sec. IL. Each share of stock shall be
liable to assessments not exceeding in all
one hundred dollars to be paid in such pay-
ments or instalments as the Board of Trus-
tees shall direct, due notice of which shall
be given personally, or by having the same
published IN some newspaper in the
city Of Marysvillc, not less than thirty
days previous to the time of the payment
of any assessment
Z Sec, Il. The annual election of officers of
this company shall take place in Marysville,
on the first Monday in April of each year;
and the principal places of business shall be
at Marysville and Oak Valley, or at any
other point that may be selected by the
board OF trustees.
Sec. 20. The Trustees are hereby author
lied to appoint six Commissioners, from
their own number or otherwise, to receive
subscriptions to the capital stock, and to
issue certificates as hereafter provided.
Sec. FL. The Commissioners appointed
agreeable to the preceding section, shall.
before entering upon the duties of their Of
flee, file bond with the Treasurer of the
company for the sum of FIVE thousand dol
lars, payable to the stockholders of the
company, for the faithful performance of
the duties of their Office, the said bond to
be approved by o majority of the Board of
Trustees. .0
Sec. a.. The President and Secretary
shall sign and number a sufficient number
of blank certificates of stock. which shall be
placed in the hands of the Treasurer and to
him charged, who shall deliver them to the
Commissioners, and take their receipt for
the same, which receipts shall be the
vouchers required from the Treasurer.
Sec. 23 The Commissioners appointed
by the foregoing sections shall, upon re-
ceiving the blank certificates, proceed to
open the books and issue certificates of
stock, upon receiving ten per cent. in cash,
and register the name of each subscriber,
the number of shares, the amount paid and
their place of residence.
Sec. "a. It shall he the duty of the Com
missioners to return monthly to the Trea-
surer all funds received, and take his receipt
for the same.
Sec. rs. 1t shall be the duty of the Com
missioners to report monthly to the Secre-
tary list of the subscribers, the number of
shares, the amount paid, and their places of
residence; and it shall be the duty of the
Secretary to record the same in book Of
the company provided for that purpose.
Sec. rs. 1t shall be the duty of the Trus-
tees, at every regular meeting, to examine
the returns named in sections %, "a and Is.
Sec. 27. 1t shall be the duty of the Trus-
tees to meet every Saturday preceding the
first Monday in each month, at such places
as may be agreed upon by them, to transact
all necessary business.
Sec. 20. There shall be no commence
ment of any work. or any expenditures of
money paid in as capital stock, excepting
such as may be required in the organisa-
tion of the company, until one hundred and
fifty thousand dollars shall have been sub
scribed, and ten per cent. of the same paid
into the treasury of the company. mar 4
An Act
To protect the bodies of deceased persons
and public grare yards
The people of the State of California.
represented in Senate and Assembly do