Mariposa Democrat., 1857-04-15
ARTICLES OF ASSOCIATION
For the Formation OF the Mariposa Telegraph
Company.
RE AMULE .

PRE EAMBLE.
WHEREAS H. GRAHAM Co. all Of stockton, In the State
the general law for incorporating Telegraph Companies In
California the construction Electric Telegraph line
from Mariposa to stockton, via
Articles Of Association being requisite TO carry the
into elect the following has been agreed on by the
said Graham Co.. aud all other parties whose names mas
be subscribed hereto as Stockholders via
AKciK l. The company shall be known by the name OF
"TIIE MARIPosA TELEGRAPH COMPANY -
The Capital stock Of the Company shall be Twenty thousand
Dollars with power to increase the same by vote Of two
thirds Of the stockhodc And the stock shall be divided
Of Hundred Dollars each and represented by
certificates Of shares.
ARcrE The certificates stock shall be issued by the
Directors signed by the Secretary and counter
signed by the President of te Company the form follow
MARTosA TELEGRAPH COMPANY.
II Is hereby certified that ID
entitled One Share Of Stock Of One Hundred Dollars In
the Marposa Telegraph Company This stock Is tranera
BILE only the books Of the Company by assignment In
the Company and the holder Of this certificate by the
acceptance thereof shabecom party 10 the existing
thereby as II an original subscriber thereto and shall be en
titled all the privileges and subject to all the obligations
OF an original proprietor Of said stock
This stock is subject 10 assessment, in testimony
whereof the Company have caused this certificate to be
signed by Secretary and eounergned by the President,
day Of AID. 1855
President Secretary.
AnrcrJ 9. No officer member agent Of the Company
for, or in the name Of the Company.
ARu0E a. Twenty five per cent. of all subscriptions 10
the stock shall be paid or made payable to the Directors
Immediately upon the organization Of the Company by the
election Of M officers and the residue shall be paid 10 the
Directors when called for by public notice at least ten days
the time OF payment and the call shall be by
instanent Of not than twenty five dollars each
share and at intervals such the progress Of the work
demand
whenever the full OF his subscription shall have
been paid and not sooner and they shall be by
written transfer accompanying the cerhcate and surrender
Of the original to the President
AE s. Each share OF Stock shall entue the holder TO
vote In or by proxy on all matters Of business
or election Of officers.
ARTICLE g. As the amount Of stock required for
the constructing said line shall have been subscribed for by
bona ide and responsible subserber the said Graham
CO. shall notify meeting Of the subscribers both by pub
lie advertisement in the papers and notice transmitted
by mail to each sockhoer ten days at least before the
time appointed such meeting TO be holden at such time
and place the said Graham Co. may select At such
meeting President shall be chosen who shall be oco
Director also Board Of Directors consisting Of five
persons three o whom shall have power TO transact
business also a Secretary and Treasurer the whole to be
elected by the votes of the holders Of the majority of the
stock Of said Company represented at such meeting IN
by proxy. Said officers TO continue In Office
year.
be subject removal from his Office by vote Of two thirds
Of the Board Of Directors who shall in such in
Of the resignation deccase of any officer Of the Company
nave power fill the vacancy by reelection, until the
next annual meeting Of the Stockholders.
ARTICLE No person shall be eligible to Office unless he
shall be Stakeholder, owning stock absolutely and in his
ARTICLE o. It shall be the duty the Board OF Directors
call special meetings Of the Stockholders whenever
Rencies may require g. They shall all proper
urge forward the work to the completion o the line 10
see failure the part of the Company is permitted
TO obstruct retard the progress of the work in the hands
the contractors and upon the completion Of the line to
ns pect the and upon finding 1t to comply with the
contract accept II in behalf Of the Company and pay
the constructors the balance Of the nsalments due
said contract.
ARrcK 10 1t shall be the duty Of the President Of the
Company to preside at all meetings of the Stockholders and
the Secretary shall keep and preserve the records OF the
proceedings Of the stockholders all their meetings. and
the shall be open at all times to the inspection of
Stock holders The Treasurer shall when requested give
bond 10 the Directors for the benefit of the Company salts
actory secured for the faithful discharge OF his duties
and shall keep account Of all his receips and disburse
ments.
ARTICLE H. The said Graham 4 Co. hereby promise and
agree with the other subscribers hereto to construct and
erect line of Telegraph between Mariposa aud Stockton,
provided n the Preamble Of these Articles OF Associa
ton viz the line shall be constructed with one iron wire
the quality size not less than No. II properly
cured and insulated and supported by poles Of the requ
height and strength there shall be requisite magnets,
and batteries for the places mentioned in the Pre-
amble Of these Articles Association Said line be
nleted as aforesaid within months after the payment
Of the first instament the Stock provided qy Article
unless prevented by default the part Of the Com
pany unavoidable accident by obstruction occur
ring the for the of Twenty Thousand
Dollars be paid to the said Graham Co. in cash in four
equal instruments al intervals as nearly equal as practea
BILE The first ntament TO be paid upon the organization
OF the Company and the last upon the completion of the
work and the said Graham Co. in consideration Of the
premises and of dollar each Of them paid the receipt
whereof is hereby acknowledged do hereby further promise
agree with each Of the other subscribers hereto that
the said line Of Telegraph and instruments shall
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 hereto subscr
bed make and confirm the above Articles Of Association
and agreement and agree each for himself TO conform to
the and the contracts aud undertakings
therein set forth And do further agree to take the
number Of shares Of Stock Of sad Company set opposite
names.
att Fl, r. GRAHAM 4 co.