Arizona weekly enterprise., 1888-05-05
ARTICLES Of fHNEOKPORA.
 TION
OF THE
CASA GRANDE IMPROVEMENT co.


 Know all men by these presents: That We the undersigned have this day voluntarily | associated ourselves ,gether for the purpose | of forming Corporation to have perpetual | succession under the laws of the Territory of | Arizona, U. 5. A. and we hereby certify: First: That R. G. Ingerson of the City of New York, Ed s. 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, 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, are the Corporators of said | Corporation which shall be known as Casa Grande improvement Company" and it's 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 Final | in sad Territory Second: That the general nature of the bushes ess proposed to be transacted by said l corporation IS Q work of Internal Improve ment and therefore it is formed to buy, sell, construct, maintain and operate railways. l tramways, telegraphs telephones, highways. canal, acequias, dams, fumes, tunnels, wells, reserviors, water-ditches, water-pipes, mills, | gds and electric works and conduits for the same, and buildings of every character to- | gether with all appurtenances to such work; to buy sell d lease rights of way for rail | ways, telegraphs, telephones, highways, ca- nals. fumes. pipes, tunnels, conduits and every other thing nece. .sary to the carrying out of | the objects of this organization; to buy, sell, bond, mortgage, le 'se, 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; anu to buy, sell and hypothecate the | tntE nf fxxroAn and br,fil ing, gas, electric railway, telegraph, tele- phone and other companies and to buy, and sell llv stock aud cure meats of all descrip- tions and market the same, and also to con duct dairies and m arket all dairy products, !, IhIrd: That the amount of the capital stock of the said corporation shall be Fifty Millions of Dol ars ($50, ,000, ,000) which shall be divided into five hundred thousand (500 900, shares of the value of one hundred dollars tSlO0) each. and the number or water-rights to million (2, 900, 900 of the value of ten dollars s tS10l each, all of which shall be unasses able ' and sold for the benefit of said corporation.
 Fourth: That said corporation shall aom- mence on the 22nd day of November 1887 and terminate on the 22nd day of Nov 1887. a duration of fifty (5O) years; but shall be re- newed from time to time for period of fifty t50) years each, when three fourths (3-4l oi votes of bon le 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 yesr of it. existence b 5R '-. IIgersou, New York, Ed
 5. stokes, New York, H. M Porter New York, Dwight Townsend, New York, DaviC 'a Ferguson Washington, A. E. Randle, w ash
 ington and J, A r. Reavis, Casa Grande
 Arizona, who shall constitute Board of Di
 reotors and who shall elect from their numbe |, Pre- ident, Vice President and 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; aad said Board O
 Directors shall elect Treasurer and Secre = tary; ali o, whom shall hold fiji for the t=rn ; ot one year or unti. their successors dul,
 elected and qualified unless removed by ! vote of two-thIrds 2-3)of the number of share
 of the Capital Stock of said Corporation hel, - by bonahde owners at the time of such vot
 Ing; and that said Board of Directors sh j
 elect General Manager at such salary a
 may be agreed upon from time to time wh
 shali enter into contract with said corpor
 tion to serve said Corp ration under the Di
 rection of said Board for the term of fv
 years; and said Board of Directors shall forn
 code or By Laws for the regulation an
 management of the business of said Corpol D at.on and shall appoint such other officers an subordlnates rom time to time as tLey ma
 deem proper and beneficial to the beast inter
 ests ot said Corporation, and shall presciib
 Rulss and Regulations for the management c
 the business Of said Corporation and shall pull
 fish the same together with the Articles o
 Agreement and Bylaws of said Corpol
 ation i'll such form and in such manner as the
 may deem best; and shall adopt a Corporat
 Seal Which shall be used in such matters
 they may prescribe; and shall also prescrib
 tue duties and compensation of themselve and the officers and subordinates of said co, N pJratlon The number of said D.re ctors sh Al D be seven who shall be elected on the fir.
 Monday after the first day of Dect tm5er c
 each year by ballot Of one vote to eacn shal
 of the Capital Stock of said Corporation hel by bonaf1de owners, who may vote by write proxy at all elections of such stuckhoider < majority of which shall elect; and a major ;. ty of said Board shall const .tute quorum ft the transaction If the business of said Corpo ation.
 Sixth: That five million dollars (S5, 900
 0O0l, Is the highest amount of indebtedness
 liability to!wh.ch aid corporation is at an . time to subject itself
 Seventh: That the holders of the preferre
 stock of said Corp ,ration as herein provide ad shall in no way be liable for any portion of il II indebtedness of said Corporation nor shall u ns private property of the stockholders of sa N. Corporation not holding such preferred stoS h. be hable for Corporate debts except the stot of whi they hold in said Corporation all ,is Whlch unpreterred or common stock shall ri laDle for any indebtedness which may
 
 m. Eighth: That, in order to carry out the O I'll Jects of this organization the Directors of sa
 corporation and their successors may contra . for lands, b ildings, works and livestoc
 mines, waters and water-rights, railway
 tramways telegraphs, telephones, highway canals fumes, pipes, conduits, tunnels al J rights of way for the same. and every class or mill and dam sites, mining, mechanical, man
 featuring, m ing, damming domestic and eve ex- other class of material or thing nsc sary nd the carrying out of the objects of th,s orsar ing zation and the st ,ck ot other companies; al is- shall, in their judgment pa for such lanc nd buildings, works and livestock, mines, wat, tn. and water-rights. railways, tramways, tel zen graps, telephones, highways, canas, fun, ol- pipes, eonduits, tunnels and rights of way ars the same, and every class of mill and dt i'm sites, mining, mechanical, manufacturir sed milling, damming, domestic and every oth ing class of material or thing necessary to we carrying out of the objects of this organi,
 tion and the stock of other companies out he the capital stock of said corporation and th or said Directors shall endorse thereon "This ch full paid property stock, per cent preferre Til or 'this is full paid cash stock, per cent D ln- ferred" as the case may be, varying the I
 cent preferred according to agreement
 ,R. In witness whereof we have hereunto . our hands and seals this 22nd day of Move