Arizona weekly enterprise., 1888-06-09
ARTICLES OFYNCORPGRA-
 TsOS
OF THE
CASA GRANnE IMppnvr

CASA GRANDE IMPROVEMENT co. Know all men by these presents: That we the undersigned have this day voluntarilys associated ourselves together for the purpose3 of forming Corporation to have perpetual succession under the laws of the Territorv of Arizona, U. s. A. and we hereby certify:
 First: That R. G. Ingerson of the City eS New York, Ed $. Stokes of the City of M York, Hector de Castro of the City of
 York, Dwight Townsend, of the City oe v York, c, $. Smart of the City of New York, H. M. Porter of the City of New York, David Ferguson, of the City of Washington and J. Addison Peralta Reavis of Casa Grande, Arizona Territory, the Corporators of said Corporation which sball 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 business 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, aceqHIas, 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 apputenances to such work; to buy sell aLd lease rights of way for rail NseyS5 beleSIttpHS, Gele1noneS, nl5nWaYS, ca 1 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, irigating, mining, mechanical, m lnufactuling, milling, domestic and ali 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- phone and other companies and to buy, and 1 sell livestock and cure meats of all descrip- tlons and market the same, and also to con duet dairies and m arlet all dairy products,
 Third: That the amount of the capital stock of the said corporation shall be Fifty Millions of Dollars $50, ,0O0, 00O) which shall be divided into five hundred thousand (500. OOOl shares of the value of one hundred dollars l (SlO0f each, and the number of water-rights to be issued by said corporation shall be two million LOGO, coo of the value of ten dollars tSl0l each, all of which shall be unassessable and sold for the benefit of said corporation
 Fourth: That said corporation shall com menee on the 22nd day of November 1887 and terminate the 22nd day of Nov 1887, a duration of fifty (5G) years; but shall be re- newed from time to time for period of fifty (50) years each, when three fourths 3-4) ot votes of bonafide 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 1t. existence bvsR. c. Ingersoll, New York. Ed 5. Stokes, New York, H. M Porter, New York, Dwight Townsend, New York, DaviC Ferguson, Washington A. E. Randle. Wash ington and J, A. P Reavis, Casa Grande Arizona, who shall constitute Board of Di recJors and who shall elect from their numbe a Pre- ident, Vice President and a Managin, Director, collectively con, tituting an Exc cutive Committee, to be governed by sucl rules and regulations in the discharge of thei duties, collectively and severally, as may b prescribed by said Board; and said Board c Directors shall elect Treasurer and Secre tary; all of whom shall hold off.e for the tern ot one year or unti their successors are dul, elected and qualified unless removed by vote of two-thirds 2-3)of the number of share ot the Capital Stock of said Corporation hel by bonafde owners at the time of such vot ing; and that said Board of Directors shal elect q General Manager at such salary 8 may be agreed upon from time to time, wh shall enter into contract with said corpoI tion to serve said Corp ration under the Di rection of said Board for the term of fiv years; and said Board of Directors shall forn a code ot By Laws for the regulation an management of the business of said CorpoI at.on and shall appoint such other officers an s suoordlnates from time to time as they ma deem proper and beneficial to the beast inter ests of said Corporation, and shall prescrib Rules and Regulations for the management c the business of said Corporation and shall put llsh the same together with the Articles 0 Agreement and Bylaws of said Corpol L a4aQla ~l.-==r,+--s----~-s-e may deem best; and shall adopt a CorEorat Seal which shall be used in such matters a they may prescribe; and shall also prescrib the duties and compensation of themselve and the officers and subordinates of said co, poration. The number of said Directors shal be seven who shall be elected on the frs Monday after the first day of December e each year by ballot of ore vote to each shar ot the Capital Stock of said Corporation hel by bonahde owners, who may vote by write proxy at all elections of such stoclzholder majority of which shall elect; and a major ty of said Board shall constitute a quorum fc ! the transaction of the business of said Corpo ation.
 Sixth; That five million dollars (S5, 900 O00l, Is the highest amount of indebtedness ( liability to1which aid corporation is at an time to subject itself.
 Seventh: That the holders of the preferre stock of said Corp 1ration as herein provide hall in no way be liable for any portion of u indebtedness of said Corporation nor shall tl private property of the stockholders of sai Corporation not holding such preferred stoc be liable for Corporate debts except the stoc ) whi h they hold in said Corporation all Winch unprefered or common stock shall liable for any indebtedness which may 1 : lawfully incurred by said Corporation
 Eighth That, in order to carry out the ol Jects of this organization, the Directors of sai corporation and their successors may contrat for lands, buildings, works and Livestock mines, waters and water-rights, railway tramways, telegraphs, telephones, highway canals fumes, pipes, cOndUits, tannels all rights of way for the same, and every class mill and dam sites, mining, mechanical, man featuring, milling, ,danming, domestic and evel other class of material or thing necessary the carrying out of the objects of thls organ zation and the stock of other companies; an shall i'll their judgment pay for such land buildings, works and livestock, mines, wate and water-rights. railways, tramways, tel graps, telephones, highways, canals, Hume pipes, conduits, tunnels and rights of way fC the same, and every class of mill and 6a sites, mining, mechanical, manufacturing milling, dammlng, domestic and every otht F class of material or thing necessary to u carrying out of the objects of this organiz tion and the stock of other companies out
 the capital stock of said corporation and tn; said Directors shall endorse thereon "This full paid property stock, per cent preferred . or ''this is full paid cash stock, per cent pr - ferred' as the case may be, varying the p cent pref erred according to agreement.
 In witness whereof we have hereunto S our hands and seals this 22nd day of Mover Der, A. D. 1887.
 ROBERT G. INGERSOLL, IL:
 ED. s. STOKES, fLs { HECTOR DE CASTRO, TL a DWIGHT TOWNSEND, fLi 7 C. s. SMART, IL
 H. NJ. PORTER, EL'
 DAVID PERCUSSION. H.
 J. ADDISON PERALTA REAVIS IL!
 Signed and Sealed in the presencet of
 c. P. FARRELL,