Arizona republican., 1891-04-24
ARTICLE l.
ARTICLE r.
ARTICLE III.

PoA eS VI thS tNAiiNOiS'
 ARTICLE III.
 The general nature of the business prorosed to be transacted, is to build d dam or dams on the 1ila River at or near the North 15 of Section s, Townships South, Ranges West, in Marieopa County, Arizona Ter itory, and to build canal or canals from said point to the Painted Rock range of mountains in Maricopa County, Arizona Ter. ritory, and for the purpose of constructing, maintaining and operating dams, acequias, canals, ditches, fumes, pipes, conduits, pumps, hydrants, plugs, reservoirs, aqueducts, gates and such other structures and appliances as may be necessary and useIul in turning, conducting, controlling, constructing and regulating the hGw of water; acquiring by location, appropri- ation and purchase, and in any other lawful manier whatever, water. water rights and fran chiseS, dams, acequias, canals, ditches, fumes, aqueducIs, pipes, conduits, pumps, hydrants, plugs, reservoirs, gates and such other struct- ures and appliances as may be necessary, con venient or useful in turning, conducting, ob- structing, controlling and regulating the flow Of water; to buy and sell water and the use thereof for any and all purposes; to acquire by purchase, location, or in any other lawful man. ner real estate, lands and Ill other kinds of prop erty, real, personal and mixed; to hold, use and
 
 mise and dispose of the same, or any part thereof, us well us of any other property this corporation possesses, be seized of or be entitled to; to bor row money and to contract to repay the same ut such time or times and with such rate or rates Of interest as it's Board Of Directors deems proper and sees fit; and to hypJthecate, mortgage or pledge all or any part of the property of this corporation, and all or any part of the property which this COT poratiOn may hereafter acquire; to secure the payment of such money with in terest, or to secure the payment of any debt of this corporation, with such interest thereon ss il may be legally obligated to pay.
 ARTICLE ".
 The amount of the capital stock authorized is two hundred and fifty thousand ts2jO, ,O0O) dol lars, to be divided into five hundred (5O0J shares of the par value ol five hundred (S5O0) dollars each, and the time when and the conditions upon which 1t is to be paid are as follows. viz: from time 10 time after the same shall be sub scribed as the Board of Directors shall by reso- lulion or order prescribe.
 ARTICLE V.
 The par value of each share of the capital stock shall be five hundred $500 dollars
 ARTICLE VI
 The corporation will begin business from the date of filing Of these articles in the office of the County Recorder of the County of Maricopa, in the Territory of Arizona, and shall terminate fifty (50l years from that date.
 ARTICLEvI
 The affairs of this corporation are to be and they shall be conducted by Board of Directors consisting of five (5) persons, who shall be elected annually by the stockholders, at such time and manner as shall be prescribed by the b, laws of this corporation, and all Oi whom shall be sub scrOeTs to the capital stock of this corporation, and hereafter no person shall be eligible to the office of Director unless he is a stOckholder in the corporation.
 The following named persons, who are sub scrbers 10 the capital stock of this corporation, shall constitute the Board of Directors of this corporation until the second Thursday in March, A. D. 1892, and until their successors, duly qual flied, shall be elected, to wit: John s. Anderson, Jacob W. Davenport, Thos. II. Sabin, A. E. Reid and wm. J. Morgan.
 Any person Ceasing to be stockholder shall cease to be Director.
 Vacancies in the Board of Directors shall be filled by the remaining members of the Board. Immediately, or as soon as practicable after
 
 County Recorder of the County of Maricopa, Territory of Arizona, the persons named herein as directors to serve until the second Thursday in March, A. D. 1892, and until their successors, duly qualified, shall be elected, shall meet and organize as a Board of Directors adopt by laws and prescribe in said bylaws the method of calling meetings of the Board of Directors and of the stockholders. A majority of said Directors shall be quorum, aud any meeting of said Board at which quorum is present shall be deemed a regular meeting and have the same authority as full Board.
 ARTICLE VIII. The highest amount of indebtedness or liabil- | ity to which this corporation is at any time to subject itself Is the sum of one hundred thou sand (slOO,0OC dollars.
 ARTICLE TX. The stockholders of this corporation and l their private property shall be exempt from | the corporate debts of this corporation.
 ARTICLE X. These arti les of incorporation may be amend | ed at any time by atwo-thirds vote of the Board | of Directors, and whenever amended the amend | ments shall be signed by the President or acting 1 President and Secretary of the corporation and | acknowledged by them and recorded and pub. | lished as provided by law.
 Witness our hands this 9th day of April, 1891 l
 JOHN $. ANDERSON,
 JACOB W. DAVENPORT,
 TllOS. II. sABIN.