Mariposa Democrat., 1857-04-08
OF ASSOCIATION
For the Formation of the Mnriposa Telegraph
Company.
p RE AMBIE ,

wsFAs H. l. Co, all of Stockton, in the State
of California being deirous Organize tspsay under
California for the construction of Ehetrr Isfgraph Linz
from Mariposa to Stsrktoa, via
And Ariies sf Association tsirs; reaiis. to amy tks
into effect the following has been agreed BY the
said Grshsn Co. and al other par~s whose
he subscribed lsrrto aS Stockbsbisrs viz
AFrtE The ssDIissg shaA be hn,un by the M me -
'sTIlE MARfpusA TEIE6RAIII COMPANY. "
The Capital - the company shall be Twenty Thousand
Dollars with to increase The same BY vote Of two
n,eshsr- U Tine hundred lnIars each and represented By
certificates of shares.
Aarfs .. The eerhcaies of Stcck shap be issued by the
Boar Of Directors signed by the secretary AID counter
signed ty the rre-eut OF thr compsuy IN III form fH'w
MARTrssA TIa Es.RAPn COMPANY. IS
II Is hereby certified that
entitled share II stock ~ Onr Banfrea Dollars in
the Marpo-a Telegraph Company This stock transfera
bie only the touspany by assignment in
writing and -renler f ti- certificate to ts President
Of the Conians and he boiic cf this crtineate y the
acceptance thereof slanbccon party 10 the existing
tiles ss-oeissn Of the Company, and shall be bound
thereby sreinsl subscriber thereto and shall be
titled To ali the privileges and subject to all the obligations
oi original prepsistur Of said stock
This stock Is subject to assessment ip testimony
gne by tbs secretary aud countersignsd by the President
day Of A.D.ps
AErsLx D. No officer member agent Of the Company
shall power incur any debt ecuniary obligation
Awrsrn Twenty ave pr cent OF all subscriptions 10
the Stock shall b. paid wsie payatae to the Dseeias,
upon the vsganizatisn ef the Company By ne
elections Of ts officers and the residue shah be paid to the
ec,ors when called for by public notice at least ten days
previous 10 the time of payment and the call shall be BY
insalnen of nut more tan twenty Eve dollars on EACH
share and at Intervals susa @ ps-sess u tbs w-sk may
dsurnd.
whcp The fun OF his subscription shall have
been pai and n and they shah be transferzb By
written transfer accompanying tile certificate and surrender
of the original to the President .
AIx ) Each share II to-k shall oniiile the holder
vote in person by proxy On all @at'rrs Of business
or election of officers.
ARTICLE g. As soon as the amount Of stock rpnfred
the constructing said line shall have been subscrb by
hde and responsible subscrbers the said Graham
Co. shall notify meeting Of the subscribers both by pub
lie advertisement in the papers and notice transmtted
by mail to each Stakeholder ten days at least before the
time appointed for such meeting to be holden at such tins
aud place the said Graham Co. may select. At such
meeting President shall be chosen, who shall be ocio
Director and also Boar Of Directors consisting Of i've
persons three o whom shall have power to transact any
business: also Secretary aud Treasurer the whole be
elected by the Of the hohe s the majority Of the
stock Of said Company represented al such meeting per
by proxy. Said officers to continue IN office
year
!. Each officer and agent Of the Company shah
he subject to removal from his oce, by Of thirds
Of the Board Of lictors who shall in such in
Of the resignation decease Of any officer Of the Company
have power to Gil the vacancy by reelection, until the
next annual meeting of the Stockholders.
ARTICLE S. Noperson shall be eligible to Office unless he
shall be Stakeholder owning Stock absolutely and in hs
own rign
AEk g. II shall be the duty Of the Board Of Directors
call special meetings Of the stockholders whenever
gencies may require it, They shall use all proper tn
urge forward the work TO the completion of the line To
that failure the part of the Company permitted
to obruet etad the progress Of the work in the han
Of the contractors and upon the completion line To
inspect the same and upon finding Il to comply with the
contract accept In behalf o the Company and
to the constructors the balance Of the instruments due
said contract
Article 10. 1t shall he 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 Stakeholder at all their meetings and
the shall be open at all times to the Inspection Of
stockholders. The Treasurer shall when requested give
bond to the Directors the benefit Of the Company salts
acnrly secured the faithful discharge of his duties,
and shah keep an account of all his rcccps aud dsbuse
ments
agree with the subscribers hereto to construct
line of Telegraph between Marposa and Stockton
as provided in the Preamble Of these Articles Of Associa
ton viz the line shall he constructed with iron wire
Of best quality. size not less than No H. properly
cured and insulated and supported by poles OF the requ
site height and strength there shall be requisite magnets
registers and batteries for the places mentioned in the Pre-
amble of these Articles of Associaton Said line
pleed aforesaid within six months after the payment
Of instament the stock provided ay Article
T. unless prevented by any default the part Of the
pany, by unavoidable accident by obstruction
ring To the Contractors for the Of Twenty Thousand
Dollars To be paid to the said Graham Co. in cash. in four
equal nsalmen at intervals nearly equal practica
be The first insalmen to be paid upon the organization
Of the Company aud the last upon the completion of the
work and the said Graham Co. in consideration of
premise aud of dollar to each OF them paid the receipt
whereof Is hereby acknowledged do hereby further promise
and agree with each of the other subscribers hereto, 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 Marpo'a Telegraph
Company.
In consideration Of the foregoing and Of individual
benefit and adv whose hereto subseri-
bed make and confirm the above Articles Of Association
agreement agree each for himself 10 conform to
the and the contracts aud undertakings
therein set forth And We do further agree to take the
of Stock of said Company set opposite
names. ,
aft II. *. GRAHAM 4 90.