Mariposa Democrat., 1857-05-20
ARTICLES OF ASSOCIATION
For the Formation of the Mariposa Telegraph
Company.
PRE- AMI I'll Il .

y
WHEREAS H. GRAHAM Co., all Of stockton, in the State
Of California being desrous 70 organize Company under
the general law for incorporating Telegraph Companies In
California for the construction Of Electric Telegraph Line
from Maripasa 10 Stockton, via
Articles Of Association being requisite TO carry the
same into effect the following has been agreed on by the
said Graham Co.. aud all other parties whose may
be subscribed hereto as stockholders, viz
AKucIE The company shall be known by the name Of
1.-THE MARIPosA TELEGRAPH COMPANY.
The Capital Stock Of the Company shall be Twenty Thousand
Dollars with power increase the by vote Of two
thirds Of the Stockholders And the Stock shall be divided
Of One Hundred Dollars each and represented by
AdE The certificates Of Stock shall be issued by the
ad Of Directors signed by the Secretary and
signed by the President of the Company the form follow
ing; - .
II l. hereby certified that is
entitled 10 one share Of Stock Of One Hundred Dollars in
the Marposa Telegraph Company. This Stock is ansfera
bic only the books Of the Company by an assignment in
writing and surrender Of this certificate TO the President
the Company and the holder Of this certificate by the
acceptance thereof shall become party TO the existing
cles Of association Of the Company and shall be bound
thereby n original subscriber thereto and shall be
titled to all the privileges and subject to all the obligations
ol an original proprietor Of said Stock.
This Stock Is subject TO assessment, in testimony
Whereof the Company have caused this certificate to be
signed by thesecctay and counersgned by the President
at on this
day Of A.D1s5
President Secretary.
ARucr g. No ofrcer member or agent Of the Company
shall have power to incur any debt pecuniary obligation
for, or in the name Of the Company.
AtTuE !. Twenty live per cent OF all subscriptions to
the stock shall paid made payable to the Directors
Immediately upon the organization OF the Company by the
election Of is officers and the residue shall be paid to the
Directors called for by public notice at least ten days
previous to the time Of payment and the call shall be by
nstalment Of not than twenty FIVE dollars each
share and at intervals such the Of the work
demand.
The certificate Of stock shall be issued subscriber
whenever the full amount his subscription shall have
been paid and sooner and they shall be transferable by
written transfer accompanying the certificate and surrender
Of the ginal to the President
Each al tbp In
vote in by proxy on all matters of business
election Of officers.
the constructing said line shall have been subscribed for by
bona de and responsible subscribers the said Graham
Co. shall notify meeting Of the subscribers both by pub
lie advertisement in the papers and notice transmitted
by mail each Sockhoer ten days at least before the
time appointed for such meeting to be holden at such time
aud place the said Graham Co. may select At such
meeting President shall be chosen who shall be oico
Director and also Board Of Directors consisting of five
persons three of whom shall have power to
business also Secretary and Treasurer the whole be
elected by the of the holders Of the majority of the
Stock said Company represented at such meeting per
by proxy. Said officers to continue in Office
year.
be subject removal from his office, by vote of thirds
the Board Of Directors who shall in such in
the resignation deeease Of any officer of the Company
have power TO ill the vacancy by reelection until the
next annual meeting Of the Stockholders.
ARTICLE s. No person shall be eligible office unless he
shall be stakeholder, owning Stock absolutely and in his
right.
ARTICLE o. II shall be the duty of the Board of Directors
to call special meetings of the Stockholders whenever
gence may require it, They shall all proper to
urge forward the work to the completion Of the line 10
that failure the part of the Company permitted
obstruc reard the progress of the work the hands
of the contractors and upon the completion of the line to
inspect the same and upon finding It to comply with the
accept II In behalf of the Company and pay
to the constructors the balance of the nstaments due
said contract
ARTICLE TO- It shall be the duty Of the President of the
Company preside all meetings of the Stockholders and
the Secretary shall keep and preserve the records of the
proceedings of the stockhoders at all their meetings and
Tho eha hn nj all n ha nf
Stockholders. The Treasurer shall when requested give
bond the Directors for the benefit of the Company salts
acoriy secured for the faithful discharge of his duties
shall keep account Of all his receps and dsburse
ments.
ARTICLE II. The said Graham 4 Co hereby promise and
agree with the other subscribers hereto to construct and
line of Telegraph between Marposa and stockton,
provided in the Preamble of these Articles of Assoca
ton viz the line shall be constructed with iron wire
the best quality size not less than No. H. properly
cured and insulated and supported by poles of the requi
site height and strength there shall be requisite magnets
registers aud batteries for the places mentioned in the Pre-
amblc of these Articles of Association. Said line to be
peed aforesaid within six months after the payment
the first nstament the Stock provided qy Article
unless prevented by any default the part of the Com
many or y unavoidable accident or by obstruction occur
ring the Contractors the Of Twenty Thousand
Dollars to be paid to the said Graham Co. in cash. in four
equal nstamens at intervals as nearly equal practca
Bile The first nsament TO be paid upon the organization
of the Company and the last upon the completion of the
and the said Graham Co. in consideration of the
premises and of dollar to each of them paid the receipt
whereof hereby acknowledged do hereby further promise
agree with each of the other subscribers heret that
the said line OF Telegraph and instruments shall
be made constructed erected and paid for aforesaid the
line and all the Instruments and apparatus shall be owned
by and be the property Of the said Marposa Telegraph
Company
In consideration Of the foregoing and Of individual
benefit and advantage, whose names hereto subscr
bed make and confirm the above Articles of Association
agreement and agree each for himself conform
the and the contracts aud undertakings
therein forth And do further agree TO take the
number of shares of Stock of said Company opposite
names.
att H. R. GRAHAM co.