Arizona republican., 1891-02-12


 ing business is in the City of Phoenix, in the County of Maricopa and Territory of Arizona, and the time of the commencement of this cor poration shall be the day of the filing of these articles in the offices of the County Recorders Of the Counties of Maricopa and Yavapai, in the Territory of Arizona, and the termination there oi shall be twenty five years thereafter.
 ARTICLE II.
 The enterprises, businesses, pursuits and oc cupatiOns in which this corporation proposes to engage are those of constructing, maintaining and operating reservoirs, dams, canals, ditChes and waterways, Oi whateyer description may be deemed necessary, m Yayapai County, Territory oI Arizona for the purposes of hydraulic mn ing, placer mining, gold washing, ground sluic ing, quartz milling and mining; agricultural and stock raising purposes; the purchase and sale ot mining claims, mineral, agricultural or other lands; the leasing, sub leasing, letting or sub-letling of water mining claims. agricultural or other lands constructing buildings, sheds, workshops or other enclosures; selling, renting, or leasing the same; laying out ana constructing tOwnsiIes and roads connecting herewith, ana such other lawful occupations as the company may see it or deem advisable to undertake.
 ARTICLE III.
 The place where this corporation proposes to have its principal office ana place o business is in the City of Phoenix, in the Territory oi Ari zOna.
 ARTICLE ". The amount of the capital stock of this corpo. ration shall be two hundred thousand (s-OO,OOoJ dollars, divided into two hundred thousand (2OO,OOO) shares, oI the par value of one dollar each, and the time and the conditions upon Wnlcn II Is lo De paid are as follows, VIZ: From tune to time after the same shall be subscribed, as the Board Of Directors shall by resolution or order prescribe.
 ARTICLE V.
 The amount of the par value ot each share in the capital stock of thls corporation shall be dollar.
 ARTICLE VI.
 The highest amount of indebtedness or liabil ity, direct or contingent, to which this corpora uon Is at any time To subject itself shall not ex oeed the sum of one hundred thousand (SlOO,OOO) dollars.
 ARTICLE VII.
 The stockholders in this corporation and their private property snail be exempt from the cor pOrate debts ct this corporation.
 ARTICLE VIII.
 The affairs of this corporation are to be and they snail be conducted Dy Board of Directors consisting of seven persons, who shall be elected by the stockholders from among their number al their regular annual meeting to be held on the first Monday of November of each year. The following named persons, who are sub scriOers to lne capital stock of this corpora shall constitute the Board of Directors until Ehelr successors are elected and qualitied, which snail be at the first annual meeting of the stock holders of this corporation, viz: Alfred Bor wick, August G. Meissner, Daniel E. Keating, Archibald Berwick, Horatio H. Wharton, Will lam C. Thalrwall, Cecil B. AyrtOn.
 ARTICLE TX.
 The Board of Directors of this corporation shall have the right and power to borrow money and contract to repay the same at such time as they may see fit, and with such rates of interest Us to them may be deemed expedient or advis able, and to secure the payment of any such loan may pledge, mortgage or hypothecate the whole or any part oi the corporate property, ana such Board of Directors shall have the power to establish bylaws and make all" rules anu iSb uSchcu t2ptulCIt TUT agement oi the affairs and the offices of said corporation.
 ARTICLE X.
 No person shall be elegible to the office of Director unless he is a stockholder in this cor poration, and upon ceasing to be a stockholder nc shall cease tO be Director.
 ARTICLE X.
 These articles of incorporation may be amended by majority vote of the stockholders at any annual or special meeting called for that purpose, after sufficient notice shall have been given to each Director, and sufficient time shall nave elapsed necessary for him to send in his proxies or De present personally.
 ARTICLE XII.
 Each share of the capital stock of this corpor- ation shall be entitled to one vote at any annual or special meeting of the stockholders, and the highest number of votes shall be decisive, and voting by proxy shall be allowed on com pliance with the conditions stated in the bylaws.
 In witness whereof we have hereunto set our hands this eighth day of January, A. D., 1891.
 DANIEL K. HEATING,
 HORAlIO H WHARTON,
 ALFRED BORWICK.