Mariposa Democrat., 1857-05-06
ARTICLES OF ASSOCIATION
For the Formation of the Mariposa Telegraph
Company.
RE AMnLE =.

] II IL - y VI " L.
WHERE'S II GRAHAM Co.. all Of stockton, in the state
Of California being desirous 10 organize Company under
the general law for Incorporating telegraph compsnes in
California for the construction Of an Electric Telegraph Line
from Mariposa 10 Stockton via
And Articles Of Association being requisite TO carry the
same into effect the following has been agreed on by the
said Graham CO.. and all other parties whose names may
/ be subscribed hereto az stochholiers, viz
AlmnR I The comphny shall be known by the name Of
"TliE MARIPosA IfIGGRAPH COMPANY
The Capitol stock the Company shall be Twenty Thousand
Dollars with power to increae the hy vote Of
thirds Of the stocsholder And the stock sha be divided
into Of One Hundred Dollars each and represented by
ATnlr The certificates of stock sha be issued by the
Board of Directors signed By the Secretary and
signed by the President Of the Company the form follow
MARlPosA TELEGRAPH COMPANY.
! II Is hereby certified that Is
entitled 10 one share Of stock Of One Hundred Dollars
the Marposa Telegraph Company This Stock Is trnsfera
be only the books Of the company BY an assignment IN
wnf and Of this certificate 10 the President
Of e Company aud the holder Of this certificate by the
acceptance thereof shallbecome party to the existing
tees Of association Of the Company and shall be bound
hercb, II rHa subscriber thereto and shall be en-
titled all the privileges and subject 10 all the Obligations
of an original proprietor Of said stock
This stock l. subject to assessment, In testimony
whereof the Company have caused this certificate To be
signed by hesceretary and countergned BY he President
al this
day Of AID ls5
ArurrH g. No officer member agent Of the Company
shall have power incur any debt pecunary obligation
for, or in the name Of the Company
AWHuE /. Twenty five per cent Of all subscriptions 10
the stock shall be paid made payable to the Directors
Immediately upon The organization Of the Company by the
election ofit officers and the residue shall be paid TO the
Directors when called for by public notice AT least ten days
previous 10 time Of payment and the call shall be by
nstanent Of not than twenty-five dollars on each
share and AT intervals such as the progress OF the work may
demand
whenever the fan amount OF his subscription shall have
been paid and sooner and they shall be transferable by
written transfer paying the certificate and surrender
of the original To the President
IL. safAf allnll lGrfit tta ltlN N
one in person by proxy, on all matters of business
Tor election Of officers.
AnnR g. As soon the amount Of stock required for
the constructing said line SHAH have been subscribed for by
bona fde and responsible subscribers the sad Graham
Co shall notify meeting OF the subscnbers poth by pun
lie Advertisement ia the papers and notice transmitted
by mail TO each Stockhplder ten days NJ least before the
time appointed for such meeting to be holden at such time
and place as the said Graham Co. may select. At such
meeting President shall be chosen who shall be otcio
Director and also Board Of Directors consisting of five
persons three whom shall have power to transact any
business also Secretary and Treasurer the whole to be
elected by the votes Of the holders Of the majority of the
stock of said Company represented such meeting per
son or by proxy. said officers to continue In Office
ARTICLE T. Each officer aud agent of the Company shall
he subject removal from his Office by vote Of twothrs
Of the Board of Directors who shall h such in
Of the resignation deceae Of any officer Of the Company
have power I'll the vacancy by election until the
next annual meeting OF the Stockholders.
Article s. No person shall be eligible to Office unless he
shall he stakeholder owning stock absolutely aud in his
AKiiE o It shall be the duty of The Board Of Directors
to call special meetings Of the stockhoders whenever ener
gonce may require IT, They shall use all proper to
urge forward the work to the completion of the line, TO
see that failure the part Of the Company Is permitted
to obstruc ciad the progress OF the work in the hands
of the contractors and upon the completion of the line to
inspect the and upon finding 1t to comply with the
contract TO accept II in behalf Of the Company pay
to the constructors the balance Of the instments due
E1eT TO- II haiIbe the dnty Of the President of the
Company preside at all meetings of the stockholders and
the secretary shall keep and preserve the records of the
proceedings Of the Stockhoder at all their meetings, and
he same shall be open at all times to the inspection Of
stockhocr4 The Treasurer shall when requested give
bond to the Directors for the benefit of the Company sas
acorly secured for the faithful discharge of his duties
and shall keep account OF all his reeeps and dsburse
ments. -
agree with the other subscribers hereto, to construct and
erect line Of Telegraph between MaTiposa and Stockton
AZ provided in the Preamble Of these Articles Of Assoca
ton viz the line shall be- constructed with iron wire
Of the best quality size moth than No - properly secu
cured and insulated and supported by poles OF the requ
registers aud batteries for the places mentioned in the Pre-
amble Of these Articles Of Association said line to be com
peed aforesaid within six months after the payment
Of the first instament the stock as provided qy Article
unless prevented by any default the part Of the Com
pany by unavoidable accident by obstruction occur
ring 10 the Contractors for the sum Of Twenty Thousand
Dollars to be paid the said Graham Co. in cash in four
equal nsalmens intervals nearly equal praetica
be The first instament 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 one dollar to each of them paid the receipt
whereof hereby Acknowledged do hereby further promise
and agree with each of the other subscribers hereto that
as 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 hereto subse-
bed make and fnntgm the above Articles Of Association
and agreement andagre each for himself conform 10
execute the and the contracts aud undertakings
therein set forth And DO further agree take the
of shares of Stock OF said Company set opposite
names.
ar II. r. GRAHAM & co.