The Weekly Arizonian., 1869-05-22

b. deemed I gso18I rJcpaT7- aTT -71-- T-
 ttat5 .erabe III srch maa CT as the hr.l,vs ot
 >e;, company shall r.cyide
 SEC i. ind jo tt tjHt4sr eRacfs7 Tba, i,
 sh | ba lawful Tor the sad National Jnrot;oT
 '. iIs&y Company, fGeemed necessary. to bor-
 TOW rom time to time sums of money not ex,
 ceel;ng five hundred thousand dollars. and to
 issue bonds therefor, bearing Gnterest not ex.
 ceeding seven per centum, payable semi-an-
 nuaLy, and to mortga as security therefor all
 the corporate rights, franchises property. real
 and personal, 0t whatever kind soeycr. beIono-
 ing to said company,
 SEc }. -ARd 5e tt 5urther enacted, That the persons herein named as corporatOrs, or ma Jorlty of them, shall, within ninety du7s after
 he passage and approval of this act, meet in the city of Washington fer the purpose of ;re,cr. J- lng re- uations for opening books Of subscriD. ton to sai4 capital stock, at such times srI place Gs they nay desigua.a by public uo.ice ot at least ten tays in two daily papers il lhe city of Washington; and said books shall he s Pt open unsi two hundred thousand dollars ot sad stock shall be subscribed, and twenty per ctntGm on all subscriptions shall be pa;I ln lawful money ct the time of subscribinr to the person or persons authorized by the cors P0Tators to receive the same anu whenever thai amount shall have been subscribed and twenty Ter centum of the same paid in as above -ascilUcd II shall ba tie duty Cf he above named corporato8-(a majority Of them shall constitute qGogl-n fer thG transaction ofbusi le6S) to cail m7elng Ot the stockholders at
 nc city ot Washington, for the purpose of siectIng directors of the said corporations. and :ach share ot sait stock on which the said "enty Pr centun has been paid as herein. 1 5e'Ore provided shall entIIIe the owner to one | 'ote. he corpordtors herein named shall Ges. gnat7 majority of their number to act as in- | pec'ors ot elections; which majority iasrect- / ITS 50 designated shall certify, under their laines, the directors thus duly elected, anG shall .oJI.y hem ol their election Gnl tIe time and ace Of the first meeting C. laa said board of
 rectors, At such meeting ;he above coirora- oFa shaii de yer Io tha sad directors the books subscription to s.Ctl of said N5.iosa. U2etI0n Hallway gou-afa5Ei ; --i-r,t cs -;-
 t5 5' JhC;er .s act, anu t4er,un0u tho ufIes Of the cJrportor5 Lera:1' lore u.Iled |; all cea a.d letegm De forever; anI tae-e- fer the said d.rectcrs. with their successors ? ass sUs, shall constitute the saiI body po.itr I'd corp,rate. The directors thus caos.n .lsl. 1 'lI o-4oe for one ysar aui u.tii others aIe cc-ed and quaiGei to fl their places. 1
 ijCrty of fs,ij t;tec or5 shall co-8ti.ate quo t. ,.n i,t the transaction of business.
 SGc. 6. h.,d Ce itfiTttcr eaacteI That tie ( .d directors sdaIi, at their fist meeting, elect on t-clr oEl num2er presideu. and vice | 'csi3eut. They may also, from time to time, | cct treasurer, secretary, chef cnglneer, l ld Q general superintendent, together with
 ch other officers, gents and emplyees as th y r ay Gecm HeoessatE Caca of whom shall hoi q lice or position duInS th9 pleasure of sail a 'asI of directors The directors shall have , 'Wer .o i'll all vacancies ii the board which s ay be caused bT l.a.h or resignation, excey. .
 Lese.a1efoye provided for The treasurer l3 secretary shall give bonds with security, a5 c Q beard shall h)m lime to lime require, ] aetirgs 0, the tt :cahO.Ger5 of said corporation | r the election Of directors and luc thu traus~ { ton of Jnsinasa shall be Lo!dsn GunuaL. I d a:sncL ether times and Epon such aetice (
 nay De prescribed by tho bylaws. The ( -ecJoTa Of the said corporation may require c 2 subscribers to the capital stock D p@T the | l0u7t by them subscribed, respectively, at s ch tines, n such manner, and in such in limants as they may deem prooef; and If any ( }c,h2ider shali refuse or neglect to pay any c stal ueut, as required by Q resolution of the I ard of directors, the said board may forfeit 2 u stock for non-payrcnt, and all previous ! yuients shall revert in law and in equity to 4 : 'ail corporation under such regulations, or a 'y sue fer and collect the unpaid nstaments IL any court of competent jurisdiction. t oac. '. And 6e jt further enaetsd, That the V
 d corporation is hereby empowered to pur' 5 ase, lease, receive, and hold such real estate
 other property as may be necessary for ac> $ mplishing the objects of this act, aud may by | cir agents, engineers, contractors. or work I ,n immediately enter upon, take posseszjonof c t use all suchreal estate and property as may l necessary iOrthe construction, meiutanance y | operation of5ai3 railroad and the acconmo- | ions appertaining t3ereto. But all real estate Troperty thus entered upon anL appropriated {
 .ajd rail cad, and the accomni0 a!ions ap- I -taining thereto, which are not donation, ! III be purchaael by aid corporation of h9 ner or owners oi the same at a price t. be ( tuaIIy agreed upol between them and in . SC of a disagre enlent as to pr.ce, the said operation. or the owner or owners of such 2 Il estate CT proFerty, shall apply by petition