Mariposa Democrat., 1857-04-29
ARTICLES OF ASSOCIATION
For the Formation of the Mnriposa Telegraph
Company.
PR II AM RI. .

wnppEss H. GRAHAM Co. all Of Stockton in the State
Of California being desrous organize Company under
the general law for incorporating Telegraph Companies in
California for the construction of Electric elegrnph Line
from Mariposa to 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 l. 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 70 increase e same by vote Of two
into shares Of One Hundred Dollars each and represented by
certificates Of shares.
Board Directors signed by the Secretary, and counter
signed by the President of the Company in the form follow
MARIPosA TELEGRAPH COMPANY.
II is hereby certified that Is
entitled 20 One Share oStock Of One Hundred Dollars in
the Mapon Telegraph Company This Stock is tIansera
bic ony on the the company by assignment in
writing and surrender Of this certificate to the President
of the Company and the holler Of this certificate by the
acceptance thereof shall become party to the existing
cles 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 assessment in testimony
Whereof the Company have caused this certificate TO he
signed by hesecetay and countergned by the President
at on ths
day of A.D. 1856
ARTICLE O. No officer, member or agent of the Company
shall have power to incur any debt pecunary obligation
ARTICLE a. Twenty five per cent. of all subscriptions TO
the Stock shall be paid made payable to the Directors
Immediately upon the organization Of the Company by the
election of It's officers and the residue shall be paid to the
Directors when called for by public notice at least ten days
pryous 10 the time Of aycnt and the call shall be BY
nsialment OF than twenty-five dollars each
share and at intervals such as the progress OF the work may
demand.
whenever the full amount OF his subscription shall have
been paid and not and they shall be transferable by
written transfer accompanying the certificate and surrender
of the original to the President
ARTICLE s. Each share Of Stock shall entitle the holder TO
vote in person or by proxy on all matters of business
ARTICLE g. As the amount of stock required for
the constructing said line, shall have been subscribed for by
bona ddc responsible subscribers, the said Graham
Co. shall notify meeting of the subscribers both by pub
lie Advertisement in the papers, and notice transmitted
mail 10 each Sockhoder ten days at least before the
time apponted 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 ofcio
Director and also Board Directors consisting of fve
persons three Of whom shall have power TO transact any
bnsnes olo Secretary and Treasurer the whole to be
elected BY the of the holders Of the majority of the
stock of said Company represented at such meeting per
by proxy. Said officers to continue in Office one
year
ARTICLE Z Each officer and agent of the Company shall
be subject to removal from his Office by vote of two thirds
the Board of Directors who shall in such case or in case
of the resignation decease Of officer of the Company,
power 10 I'll 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
right.
10 call special meetings of the stockholders whenever
gences may require it, They shall all proper to
urge forward the work TO the completion of the line, to
that failure the part of the Company permitted
obstruc reard the progress of the work in the hands
of the contractors and upon the completion of the line to
pect the and upon finding IL to comply with the
contract accept in behalf Of the Company and pay over
TO the constructors the balance ofhe instruments due on
said contract
ARTICLE TO- It 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 at all their meetings and
the same shall be open at all times to the inspection Of
Stockholders The Treasurer shall when requested, give
bond m he directors the benefit of the Company salts
fnctoy secured the faithful discharge Of his duties
and shall keep account of all his reeeps and dsburse
ARTICLE H. The said Graham & Co. hereby promise and
agree with the other subscribers hereto to construct and
erect line Of Telegraph between Marposa and Stockton
as provided in the Preamble of these Articles of Assoeia
ton the line shah be constructed with iron wire
of the 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 the
amble of these Articles of Association Said line to be
peed aforesaid within six months after the payment
Of the first nstament the stock provided qy Article
unless prevented by any default the part of the Com
pauy by unavoidable accident or by obstruction occur
ring to the Contractors for the Of Twenty Thousand
Dollars to be paid to the said Graham Co. in cash. In four
equal instruments at intervals nearly equal practica
be The first nstament 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
whereofs 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 AZ aforesaid the
line and all the instruments and apparatus shall be owned
by and be the property of the said MapoAa 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 Tor himself to conform to
and execute and the contracts aud undertakings
therein set forth And do further agree to take the
number Of of scet Of said Company set opposite
names. -
att H. X, GRAHAM 70,