Arizona weekly enterprise., 1888-05-12
ARTICLES OF OFHNCORPORA-
 ZION
OF THE
CASA GRANDE IMPROVEMENT co.

| OAOA OhANDL IAlI IeN OO. 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. ;. A. and we hereby certify:
 First That R. G. Ingersol of the City of New Yo.k, Ed. $. Stokes of the City of New | York, Hector de Castro of the City of New York, Dwight Townsend, of the City of New l York, C, $. Smart of the City of New York, II. M. Porter of the City of New York, | David Ferguson, of the City of Washington | and J. Addison Peralta Reavis of Casa Grtnde, | Arizona Territory, are the Corporators of said | Corporation which sGall be known as Casa | Grande improvement Company and it's prin- cipal places CT transacting business shall ke | 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 | business proposed to be transacted by said | corporation work of Internal Improve meut and therefore it is formed to buy, sell 1 construct, maintain and operate railways | tramways, telegraphs telephones, highways canal, acequias, dams, fumes, tunnels wells reserviors, water-ditches, water-pipes mills, and electric works and conduits for the same, and buildings of every character to- gether with all appurCenances to such work; to buy sell d lease rights of way for rail ways telegraphs, telephones, highways, ca- nas, fumes, pipes, tunnels, conduits and every other thing nece sary to the carrying ont 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- e | sary to the rying out ot 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 stock of water, land, building, mining, mill ing, gas, electric railway, telegraph, tele- phone and other companies and to buy, and sell iv stock 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 r Millions Of Dol ars (S50, ,000,000) which shall ' be divided into five hundred thousand (500 000) . shares of the value of one hundred dollars (S1001 each. and the number Of water-rights to be issued by said corporation shall be two million 2,000, 900 of the value of ten dollars ($10) each all of which shall be unasses a ble and sold for the benefit of said corporation. Fourth: That said corporation shall con- menee on the 22nd day of November 1887 and terminate the 22nd day of Nov. 1887, d duration of fifty t50) years; but shall be re newed from time to time for period of fifty (50) years each, when three fourths (3-4) o votes of bon fl le stockholders cast at any regular election held for the parpose shall b, in favor of such renewal.
 Fifth That the affairs of said Corporation E shall be managed during the first yesr of it exist nee b aR. (. Ilgersoll, New York, E1 as $. tokes. New York, H. NJ. Porter, Ne1 York Dwight Townsend, New York, Davi Ferguson, Washington, A. E. Randle, W ash ingaon and J, A F. Reavis, Casa Grande Arizona, who shall const tute Board of Di @ rectors and who shall elect from their numbe 8 Pre- iaent, Vice President and a Managin Director, collectively con tituting an Exc cutive Committee, to be governed by sue rules and regulations in the discharge of the m duties, collec5v ely and severally, as may | Jll prescribed by said Board; aud said Board Directors shall -elect Q Treasurer a0d Seer tary; a wh pm sh h II off for the ter Of year unti their successors are du elected and qualified unless removed by = vote of two-thrds 2-3)of the number of shar Ss or the Capital Stock of said Corporation he by bonafde owners at the time of such vo ins; an that said Board of Directors sh elect General Manager at such salary
 may be agreed upon from time to time, vi . shail elter into d contract with said corpo tion to serve said Corp ration under the U -S rection of said Board for the term of fl years; an1 said Board of Directors shall for a code Of By Laws for the regulation al manageme nt oi the business of said CoPpc at on and saall appoint such other officers al suDordlhat9s rom time to time as tLey m deem proper an beneficial to the beast intt ests or said Corporation, and shall prescri Rul and Reg ulations for the infringement the buslnoss oi slid Corporstio ans shall pu llsh the same together with the Articles
 Agreement and Bylaws of said Corpt at1on Ill such form and in such manner as tn may deem best; and shall adopt q CorEora Seal which shall be used in such matters
 they may prescribe; and shall also prescri t.e duties and compensation of themselY and the officers and subordinates Of said cC pora5lon- The number of sai D rectors shs be seven who shall be tcted 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 ht by bonahde owners, who may vote by writt proxy at all elections of such st ckhoide a n jorlty of which shall elect; and majo s ty ot said Board shall const tute a quorum - the traa ton If the busi.4ess of said Corp, - ation.
 Sixth: That five million dollars (s5, ,00t 00Ol, Is the highest amount of indebtedness
 liability to which aid corporation is at al time to subject itself.
 Seventh: That the holders of the preferr stock of said Corp 'ration herein provid :hail Tn no way be liable for any portion et { indebtedness of said Corporation nor shall t private pr 1perty of the Stockholders of ss Corporation not holding such preferred sto be hable for Corporate debts except the S c P whl h they hold in said Corporation all Which unpreferred or common stock shall e liable for any indebtedness which may lawfully incl rred by said Corporation.
 Eighsh: That, in order to carry out the
 
 corporation and their successors may eontr; for lands, ildings works and livestoC ,-us mines, waters and water-Iiglts, ralwa ssz= tramways, telegraphs, telerhon,s, tigLw,, s@1a canals Hume, pipes. conduits, tunnels a rights of way for the same and every class
 mill and dam sites, mining, mechanical, ms, facturing, milling, ,damming, don estic and e7, other class of material thing necessary
 the carrying out of the objects If th or:a zation and the stock of other companies; a 1z- shall, in their judgment pa for such Ian "A" buildings, works and livestock, mines, wat and water-rights railways, trtmways, tt graps, telephones highways. canas, fun pipes, conduits, tunnels and rights of way - the same; and every class of mill and d s9e sites, mining, mechanical, manufacturil milling, damming, domestic and every otl class of material or thing necessary to IS. 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 ''Thi . full paid property stock, per cent preferr
 or 'tthis is full paid cash stock, per cent I ferred" as the case may be, varying the
 cent prefsrred according to agreement.
 In witness whereof we have hereunto
 our hands and seals this 22nd day of Move
 Der, A. D. 1887.
 ROREPT C. TNGFPSOTT IT