Arizona weekly enterprise., 1888-05-19
ARTICLES OFHNCORPORA-
 ZION
CASA GRANDE IMPROVEMENT co.
OF THE

OF THE
 | CASA GRANDE IMPROVEMENT co.
 Know all men by these presents: That We the undersigned have this day voluntarily associated ourselves together for the purpose of forming Corporation to have perpetual succession under the laws of the Territory of | Arizona, U $. A. and we hereby certify:
 First That k. G. Ingersoll of the City of | l 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, l Arizona Territory, are the Corporators of said | Corporation which shall be known as Casa 1 | 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 l in sand Territory.
 Second That the general nature of the business proposed to be transacted by said | corporation is a 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; 1 to buy sell and lease rights of way for rail 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, m nufacturing, 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 l ing, gas electric railway teleeraph tele- 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,
 Third: That the amount of the capital stock of the said corporation shall be Fifty E Millions of Dollars $50 000 000) which shall be divided into five hundredthousand 800, 000 shares of the value of hundred dollars (S100) each. and the number of water-righta to be issued by said corporation shall be two million (2 coo, coo of the value of ten dollars (S10l each, all of which shall be unassessable and sold for the benefit of said corporation.
 Fourth: That said corporation shall com mence on the 22nd day of November 1887 and terminate on the 22nd day of Nov. 1887, a duration of fifty (30l years; but shall be re- newed from time to time for period of fifty t50) years each, when three fourths (3-4l of 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 3 shall be managed during the first year of its existence bysR c. lngersol, New York; Ed s $. Stokes, New York, H. M. Porter New York, Dwight Townsend, New York, Dayit Ferguson, Washington, A. E. Randle Wash ington and J, A: F. Reavis, Casa Grande Arizona, who shall constitute Board of Di sN rectors and who shall elect from their numbe a Pre- ident, Vice President and a Managin Director, collectively n-tituting an Exc cutive Committee, to be governed by sue rules and r gulations in the discharge of thei III duties, collectively and severally, may | lli prescribed by said Board; and said Board Directors shall elect @ Treasurer and Seer tary; all Of whom shall hold office for the ter of one year CT until their successors are dul elected and qualified unless removed by = vote of two-thirds 2-3)of the number of shar B of the Capital Stock of said Corporation he by bonafide owners at the time of such yo ing; an1 that said Board of Directors sha elect General Manager at such salary
 may be agreed upon from time to time, VI - shall enter into q contract with said corpo tion to serve said Corp ration under the D -S' rectlon of said Board for the term of fl
 years; and said Board of Directors shall for 8 code of By Laws for the regulation al management of the business of said Corpc ation and shall appoint such other officers al subordlnates from time to time as they m deem proper and beneficial to the beast int ests ot said Corporation, and shall prescri Rules and Regulations for the management
 the business of said Corporation and shall pu fish the same together with the Articles
 Agreement and Bylaws of said CorpC ation in such form and in such manner as tn may deem best; and shall adopt a Corpora Seal which shall be used in such matters
 they may prescribe; and shall also prescri the duties and compensation of themselv 1 and the Ottoprs and c1hOrdioa If cold of poratlon. The number of said Directors shG be seven who shall be elected on the fiji 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 bonaf1de owners who may vote by Wrttl proxy at all elections of such stockholdel a majority of which shall elect; and q majo 4, ty of said Board shall constitute quorum f zsz the transaction of the business of said CorpC =5= ation.
 ' Sixth: That five million dollars (s5. .O0C 000, is the highest amount of indebtedness
 liability toswhich aid corporation is at al time to subject itself
 Seventh: That the holders of the preferr stock of said Corp )ration as herein proyid shall in no way be liable for any portion of t indebtedness of said Corporation nor shall t private property of the stockholders of ga Corporation not holding such preferred sto be liable for Corporate debts except the sto ? which they hold in said Corporation all
 NillCH ullHfelefTeu or common SLoCh snail a liable for any indebtedness which may / lawfully incurred by said Corporation.
 Eighth: That, in order to carry out the o jeets of this organization, the Directors of sa corporation and their successors may contra for lands, buildings, works and Hvestoc ,- mines, waters and water-rights, railwa, "a tramways, telegraphs, telephones, highwa, aaa canals. fumes, pipes, conduits, tunnels a rights of way for the same, and every class
 mill and dam sites, mining, mechanical, man featuring, milling, damming domestic and eve other class of material or thing necessary
 the carrying out of the objects of thls orsal zation and the stock of other companies; a, x- shall, in their judgment pay for such lam A- 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 g. sites, mining, mechanical, manufacturil
 milling, damming, domestic and every oti
 class of material or thing necessary to rs. carrying out of the objects of this organi
 tion and the stock of other companies out
 the capital stock of said corporation and Ii
 said Directors shall endorse thereon This - full paid property stock, per cent prefers
 or ''this is full paid cash stock, i per cent r
 farred" as the ease may he yaryino the