The Clifton clarion., 1888-07-04
Articles of Incorporation
 of the Valley Canal Comp'ny

Alfred M. Lay, Burwell B. Adams. David W. Barter, Andrew Erickson and John H. Brown, being the owners of a certain irr'- eating ditch or canal commonly known and designated as the Valley Ditch or Canal now being constructed by us and situated in the County of Graham and Territory of Ari- zcna, and being desirous of incorporating ourselves and to form corporation under the provisions of the laws of the Territory of Arizona and especially of an act of the Legislative Assembly of the Territory of Arizona, approved March sth. 1887. entitled "Corporstions." for the purpose of mutual protection and of engaging in the business and enterprise hereinafter mentioned. do make. subscribe and acknowledge these arti- cles of incorporation and declare:
 I.
 The name assumed by this corporation and hv which it shall be hereafter known is "The Valley Canal Company" and the principal place for the transaction of its bushes. Territory of Arizona.
 II.
 The enterprise, pursuit, business and occu- nation in which this corporation proposes to engage is that of maintaining. keeping in repair, enlarging and extending the said Valley Irrigating Canal. for irrigating and motive purposes, to acquire water and water right. by purchase and location. to construct and maintain canals. ditches, fumes. dams md reservoirs for the purpose of conduct ing, storing and distributing water SO &C., 1uired for irriesting land. watering live stock and for domestic and for other pur- noses. and to supply and sell water for sad and other purposes, and to do and transact my and all kinds of business which may or night be done by s natural person that may Ne necessary to fully carry out the object of this corr oration.
 The amount of the capital stock of this corporation shall be fifteen hundred dollars, divided into twelve shares of the par va,ue If one hundred and twenty-five dollars each, 'o he fully paid up at the first meeting of the 'oard Of Directors of the said Valley Canal Company.
  corporation shall he the day of the filing of these articles in the office of the County Re -order of the County ot Graham. in the Tor -itory of Arizona, and shall terminate fifty years thereafter.
 V
 The affairs Of this corporation shall he -o,ducted by Bosrd ot Directors composed "f three persona. who shall hn elected annn- lily by the stockholders and shall hold office -or ona year. and until their successors are elected and qualified. The time and manner If said election shall br prescribed and pro- vided for by bv-laws of said corporation. Said directors shall be subscribers to the capital stock of said corporation. and no 7erson shall he eligible to said office unless he be R stockholder in the corporation, and my person censinc to be subscriber shall ease to be a director. and hereafter if any 'irector shall cease to be stockholder he 'hall cease to be director.
 VI.
 The highest amount of indebtedness or liability, direct or contingent. to which this corporation Is at any time to be subject is the sum of eight hundred dollars.
 VII.
 The stockholders and their private prop arty shall be exempt from the corporate iebts of this corporation.
 The Board of Directors of this corpo oration 'hall have power to establish bylaws and make all rules and regulations necessary for .he management of the affairs of this cor poration, and the officers thereof.
 Tho following naLied persons. who are subscribers to the capital stock of this cor Doration, shall constitute its Board of Di- rectors until the first Monday in January. 'ssa, and until their successors are duly elected and qualified, to-wit:
 Burwell B. Adams, Alfred NJ. Lay and David W. Barter.
 In witness whereof we have hereunto set our hands and seals this 29th day of June, isss.