Mariposa Democrat., 1857-04-22
ARTICLES OF ASSOCIATION
For the Formation OF the Mariposa Telegraph
Company.
PR E A BL IT, .


WHEREAS H. GRAHAM Co, all Of Stockton, in the State
Of California, being deirous 10 organize Company under
the general law for incorporating Telegraph Companies in
California for the construction Of Electric Telegraph Line
fion Mariposa TO Stockton, via
And Articles Of Association being requisite to carry the
into effect the following has been agreed on by the
said Graham Co. aud all other parties whose may
be subscribed hereto as stocklolders, viz
Article I. The company shall be known by the name Of
"TIIE MARIPosA TELEGRAPH COMPANY"
Tie Capital Stock of the Company shall be Twenty Thousand
Dollars with power incrcase the by vote Of two
thirds Of the Stockholders And the Stock shall be divided
shares Of One Hundred Dollars each and represented by
As 2 The certificates Of stock shall be issued by the
Board Of Directors, signed by the Secretary and counter
signed by the President OF the Company IN the form follow
ing .. :. -. ... -.
II Is hereby certified that ia
entitled 10 One Share Of Stock Of One Hundred Dollars in
the Marposa Telegraph Company This Stock Is transfra
BILE only the books Of the Company, by assignment In
writing and surrender of this certificate to the President
Of the tomTan and the hoer Of this certificate by the
acceptance thereof shall become party to the existing ar
teles Of association of the Company, and shall ~ bound
thereby as an original subscriber thereto and shall be
titled 10 all the privileges and SUBJECT all the obligations
of an original proprietor said Stock.
This Stock Is sub ect 10 assessment, In testimony
wvrcof the Company have caused this certificate to
signed BY the Secretary and coulterncd by the President
at on this
day Of A. u. 1856
AEu,fK g. No officer member agent of the Company
shall have power incur any debt pccunary obligation
for, or in the name OF the Company.
Aut1E I. 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 Is officers and the residue shall be paid % the
Directors called for by public notice at least ten days
previous 10 the time of payment and the call shall be by
nsalment Of not more than twenty i've dollars on each
share and at intervals such the progress OF the work
demand.
The certificate of stock shall bc issued to each subscriber
whenever the full amount of his subscription shall have
been paid and not sooner and they shall be transferable by
written transfer the certificate and surrender
Of the original to the President.
ARTICLE g. Each share Of Stock shall cntitc the holder 10
in person by proxy all matters Of business
election Of Oficera.
ATK O. AS soon as the amount Of stock required for
the constructing said line shall have been subscribed for by
bona fde 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 each Stockolc ten days at least before the
time appointed for such meeting 10 be holden at such time
and place as the said Graham Co. may select At such
meeting President shall be chosen who shall be ocio
Director and also Board Of Drectors 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 votes of the holders Of the majority Of the
Stock of ad Company represented at such meeting per
ty proxy Said officers to continue In Office one
year.
AKrcg l. Each officer and agent of the Company shall
he sui ect removal from his office by vote Of thirds
Of Board Of Directors who shall in such In
of the resignation or decease of any officer of the Company
have power 10 fill the vacancy by election until the
next annual meeting Of the Stockholders.
ARTICLE s. No person shall be eligible to Office unless he
shall be StOckholder owning Stock absolutely and in his
own right
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
no failure the part of the Company permitted
obsruct retard the progress Of the work in the hands
Of the contractors and upon the completion of the line TO
inspect the same. and upon finding il 10 comply with the
contract accept in behalf Of the Company and pay
the constructors the balance of the saments due on
said contract.
ARTICLE 10 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
Of the Stockholders all their meetings and
e same shall be open at all times 10 the inspection Of
The Treasurer shall when requested give
bond To the Directors for the benefit Of the Company salts
acnrly secured for the faithful discharge of his duties
and shall keep account OF all his reccps and dsburse
nents.
ARTICLE H. The said Graham Co. hereby promise and
gee with the other subscribers hereto 10 construct and
line of Telegraph between Marposa and Stockton
provided the Preamble of these Articles of Assoca
on viz the line shall be constructed with one iron wire
the best quality size not less than No. IL properly
cured and insulated and supported by POLES OF the requ
lite height and strength there shall be req uste magnets
egsers and batteries for the places mentioned In the Pre-
nbe of these Articles of Association Said line to be
,eted aforesaid within six months after the payment
# the first nstalmcnt the Stock provided qy Article
unless prevented by any default the part Of the Com
ANY by unavoidable accident by obstruction
ing the Contractors, for the Of Twenty Thousand
DOLLARS to be paid 10 the said Graham CO. in cash. in four
qual instruments at intervals nearly equal practica
lie The first nstalment to be paid upon the organization
# the Company and the last upon the completion Of the
york and the said Graham Co. in consideration of the
emses and Of dollar TO each OF them paid the receipt
thereof is hereby Acknowledged do hereby further promise
nd agree with each of the other subscribers hereto that
the said line of Telegraph aud instruments shall
made constructed erected and paid for aforesaid the
and all the instruments and APPARATUS shall be owned
and be the property Of the said Mariposa Telegraph
ompany
In consideration of the foregoing and Of individual
enet and advantage whose names are hereto subscri
ed make and confirm the above Articles Of Association
nd agreement and agree each for himself to conform TO
nd the and the contracts aud undertakings
herein set forth And do further agree 10 take the
lumber OF shares Of Stock Of said Company net opposite
ames
att IL r GRAHAM a 90.