Mariposa Democrat., 1857-05-13
ARTICLES OF ASSOCIATION
For the Formation Of the Nfariposa Telegraph,
Company.
pm IL AM M. .

PRE- AMBLE.
WHEREAS H. GRAHAM Co. all Of Stockton. In the State
of California being desrous to organize Company under
the general law for incorporating Telegraph Companies In
California for the construction Of Electric Telegraph Line
from Marposa 10 Stockton, via
And Articles Of Association being requisite to carry the
into effect the following has been agreed by the
said Graham Co. and all other parties whose names may
be subscribed hereto as Stockholders, viz
Article / Tie company shall be known by the of
"TIIE MARIPosA TELEGRAPH COMPANY"
The Capital 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
AIIrY 2 The certificates of Stock shall be issued By the
Board Directors signed by the Secretary and counter
signed by the President Of the Company in the form follow
ing . -. -
II Is hereby certified that Is
entitled 10 One Share of Stock Of One Hundred Dollars, in
the Marposa Telegraph Company. THIS Stock Is ransfera
BILE only of the Company by assignment In
writing and surrender this certificate the President
Of the Company and the holder Of this certificate by the
acceptance thereof shall become party to the existing
ces Of association of the Company and shall be bound
thereby original subscriber thereto and shall be
titled to all the privileges and subject To all the obligations
Of an original proprietor of said Stock
This Stock is subject to no assessment, In testimony
whereof Company have caused this certificate to be
signed by the Secretary counterned by the President
day Of A.DIs5
President. Secretary.
AKncrK g. No officer member or agent Of the Company
shall have power Ia incur any debt pecuniay obligation
for. or in the name Of the Company
AKnaE T. Twenty five per cent. of all subscriptions to
the Stock shall BE- paid made payable TO the Directors
Immediately upon the organization the Company by the
election It's officers and the residue shall be paid TO the
Directors when called by public notice least days
previous 10 the Of payment and the call shall be by
instanent of than twenty five dollars each
share and at intervals such the progress Of the work may
demand
The certificate Of shall be issued to each subscriber
whenever the full amount OF his subscription shall have
been paid and sooner and they shall be transferable by
written transfer accompanying the certificate and surrender
of the original to the President.
st,.Iion
In person proxy all matters Of business
or election Of officers.
AKnctE O. As soon as the amount Of stock required for
the constructing said line shall have been subscribed for by
bona ide 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 to each Stakeholder ten days at least before the
time appointed for 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 onico
Director and also Board Of Directors consisting Of five
persons three of whom shall have power to transact any
business also Secretary and Treasurer the whole to be
elected by the of the holders Of the majority Of the
stock of said Company such meeting IN per
sou or by proxy Said officers TO continue in Office
year.
be subject TO removal from his Office by vote Of thirds
of the Board Of Directors who shall in such in
of the resignation decease of any officer of the Company
have power fill the vacancy by reelection until the
next annual meeting Of the Stockholders.
ARTICLE S. No person shall be eligible to Office unless he
shall be Stakeholder owning Stock absolutely and in his
own right
to call special meetings of the Stockholders whenever
gencies may require it, They shall all proper means to
urge forward the work to the completion Of the line to
that failure the part of the Company permitted
to obruct etard the progress OF the work in the hands
of the contractors and upon the completion of the line to
inspect the and upon finding II to comply with the
contract accept behalf of the Company pay over
10 the constructors the balance Of the nsaments due
ARTICLE TO- 1t shall be the duty 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 Stockholders all their meetings. and
hall
Stockholders The Treasurer shall when requested give
bond to the Directors for the benefit of the Company
factory secured for the faithful discharge of his duties
and shall keep account Of all his receps and dburse
ments.
ARTICLE H. The said Graham 4 Co. hereby promise and
agree with the other subscribers hereto and
erect line of Telegraph between Marposa and Stockton
provided in the Preamble of these Articles of Asoca
ton, viz the line shall be constructed with iron wire
of the best quality size not less than No ~ properly
cured and insulated and supported by poles of the requ
site height and strength there shall be requisite magnets
registers batteries for the places mentioned in the Pre-
ambe of these Articles of Association. Said line to be
peted rs aforesaid within six months after the payment
of the first nsalmen the Stock, provided qy Article
unless prevented by any default the part of the Com
pany by unavoidable accident by obstruction
ring TO the Contractors for the sum OF Twenty Thousand
Dollars to be paid TO the said Graham Co. in cash in four
equal nstaments at intervals nearly equal praetca
BILE The first nsament 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 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 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 subscri
bed make and confirm the above Articles of Association
and agreement and agree each for himself conform
the and the aud undertakings
therein set forth And we do further agree to take the
number of shares Of Stock of said Company opposite
Names
att H. II. GRAHAM Il co.