Arizona weekly enterprise., 1888-06-02
ARTICLES OF TNCORPORA.
 TON
CASA GRANDE IMPROVEMENT (
OF THE

OF THE
 CASA GRANDE IMPROVEMENT co. Know all men by these presents .<That We the undersigned have this day %oluntarilv associated ourselves together for Ae purpose of forming Corporation to have perpetual succession under the laws of the Territory of Arizona, U. s. A. and we hereby certify;
 First That k. C.. Ingerson of the City of New York, Ed $. Stokes of the City of New York, Hector de Castro of the City of New York, Dwight Townsend, of the City of New York, c, $. Smart of the City of New York, II. Nj. Porter of the City of New York, David Ferguson, of the City of Washington and J. Addison Peralta Reavis of Casa Grande, Arizona Territory, are the Corporators of said Corporation which shall be known as Casa Grande Improvement Company" and its prin- cipal places of transacting business shall be in the City and State of New York and in the town of Casa Grande in the County of Pinal in sad Territory.
 Second: That the general nature of the busine ss proposed to be transacted by said corporation IS work of Internal Improve ment and therefore it is formed to buy, sell construct, maintain and operate railways tramways, telegraphs telephones, highways canal, acequias, dams, fumes, tunnels wells reserviors, water-ditches, water-pipes, mills gas and electric works and conduits for the same, and buildings of every character to- gether with all appurtenances to such work;
 
 ways, telegraphs, telephones, highways, ca- nals, fumes, pipes, tunnels, conduits and every other thing necessary to the carrying out of the objects of this organization; to buy, sell, bond, mortgage, lease, graze, improve and and work lands, quarries, mines coal and other deposits, and all appurtenances neces- sary to the carrying out of such work; and to buy, sell and lease waters and water-rights for navigating, irrigating, mining, mechanical manufacturing. milling, domestic and all other purposes for which water is or may be used; and to buy, sell and hypothecate the stock of water, land, building mining, mill ing, gas, electric railway, telegraph, tele- l phone and other companies and to buy, and | sell livestock and cure meats of all descrip- | tions and market the same, and also to con duct dairies and market all dairy products, 1 Third: That the amount of the capital stock of the said corporation shall be Fifty Millions of Dollars $50, COG, 000) which shall be divided into five hundred thousand (500, 00O) shares of the value of one hundred dollars | (S100) each, and the number of water-rights to be issued by said corporation shall be two million (2,O 900 OO0l of the value of ten dollars (SlOl each, all of which shall be inaccessible and sold for the benefit of said corporation. Fourth: That said corporation shall con- mence on the 22nd day of November 1887 and terminate on the 22nd day of Nov. 1887, a duration of fifty (50) years; but shall be re- newed from time to time for period of fifty l kOUJ yedIS tdC4, Wuen three 1OurthS l1-4l O1 votes of bonafde stockholders cast at any regular election held for the purpose shall be in favor of such renewal
 Fifth: That the affairs of said Corporation shall be managed during the first year of its existence bysR. G. Ingersou, New York. Ed 5. Stokes, New York, H. M. Porter, New York, Dwight Townsend, New York, DaviC Ferguson, Washington, A. D. Randle, W ash ington and J, A. P. Reavis, Casa Grande Arizona, who shall constitute Board of Di rectors and who shall elect from their numbe a Pre- zident, Vice President and Managin Director, collectively con tituting an Exc cutiye Committee, to be governed by sue rules ar regulations in the discharge of thei duties, collectively and severally, as may prescribed by said Board; and said Board C Directors shall elect Treasurer and Secrt tary; all of whom shall hold office for the terl ot one year or until their successors are dul elected and qualified unless removed by = vote of two-thirds. 3)of the number of share of the Capital Stock of said Corporation hel l. by bonafide owners at the time of such vo ing; and that said Board of Directors sh3 elect General Manager at such salary may be agreed upon from time to time, wh shall enter into contract with said corpo tlon to serve said Corp ration under the D rection of said Board for the term of fl, years; and said Board of Directors shall forl a code of By Laws for the regulation an management of the business of said Corpo at:on and shall appoint such other officers ar subordinates from time to time as they ms deem proper and beneficial to the beast inte ests ot sald Corporation, and shall prescril Rules and Regulations for the management the business Q. said Corp ativn and shs I:pH ls1 the same tngethee ts.sks. Articles ASreement sud By saWs 61 said tarfp9 aioI in such form and in such manner as thi may deem best; and shall adept CorEor;s Seal which shall be used in ssleh nlattersl < s.i tn ey may prescribe; and shall also prescril the duties and compensation of themselv and the officers and subordinates of said co porat1on The number of said Directors sha be seven who shall be elected on the fir Monday after the first day of December each year by ballot of one vote to each sha of the Capital Stock of said Corporation he by bonahde owners, who may vote by write proxy at all elections of such stockholder a majority of which shall elect; and majo, ty of said Board shall constitute a quorum f the transaction of the business of said Corpo ation.
 Sixth: That five million dollars (S5, ,0OO 000), is the highest amount of indebtedness
 liability toswhich aid corporation is at ar time to subject itself.
 Seventh: That the holders of the preferr stock of said Corp >ration as herein provid shall in no way be liable for any portion of t indebtedness of said Corporation nor shall u private property of the stockholders of sa Corporation not holding such preferred sto be liable for Corporate debts except the sto which they hold in said Corporation all
 which unpreferred or common stock shall ] liable for any indebtedness which may lawfully incurred by said Corporation.
 Eighth: That, in order to carry out the o jects of this organization, the Directors of sa corporation and their successors may contra for lands, buildings, works and livestoc mines, waters and water-rights, railway n tramways, telegraphs, telephones, highwa! canals, fumes, pipes, conduits tunnels a = rights of way for the same, and every class
 mill and dam sites, mining, mechanical, mar facturing, milling, ,dammin g. domestic and eve other class of material or thing necessary
 the carrying out of the objects of thls orga zation and the stock of other companies; a shall, in their judgment pay for such Ian = buildings, works and livestock, mines, wat and water-rights railways, tramways, te graps, telephones highways, canals, fun pipes conduits, tunnels and rights of way the same, and every class of mill and d. sites, mining, mechanical, manufacturil 'e milling, damming, domestic and every otl class of material or thing necessary to IT. carrying out of the objects of this organi
 tion and the stock of other companies out
 the capital stock of said corporation and tl
 said Directors shall endorse thereon ''Ih . full paid property stock, per cent preferr
 or ''this is full paid cash stock, per cent r
 ferred" as the case may be, varying the
 cent preferred according to agreement. In witness whereof we have hereunto
 cur hands and seals this 22nd day of Move
 Der, A. D. 1887.
 M ROBERT G. INGERSOLL, T 'l ED. S. STOKES, T |, HECTOR DE CASTRO, r es DWIGHT TOWNSEND, r c. S. SMART, r
 H. NJ PORTER, T
 DAVID FFRGTTSSON 1T