Arizona republican., 1891-01-13

We. Daniel F. Keating, Horatio II. Wharton and Alfred Berwick, desiring to incorporate ourselves under the provisions of the elaws of the Territory of Arizona, and especially an Act of the Legislative Assembly entitled An Act Con corning Corporations" approved Marchs, A. D. 1887, and all acts amendatory ther,of, for the purpose of engaging in the lawful enterprises, businesses, pursuits and occupations hereinafter specified, do make, adopt, subscribe and ae- Knowledge according to law these articles of in. corporation, and declare and state aa follows;
 ARTICLE I.
 The name adoptedand assumed by this corpo- ration and by which 1t shall he known is THE FRENCH CREEK MINING AND WATER STORAGE COMPANY" and its principal place of transact 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 oi the Counties of Maricopa and Yavnpai, fin the Territory of Arizona, and the termination there ! of shall be twenty five years thereafter.
 ARTICLE II.
 The enterprises, businesses, pursuits and oc. equations in which this corporation proposes to engage are those of constructing, maintaining and operating reservoirs, dams canals, ditehes and waterways, of whatever description may be deemed necessary, in YayapaI County. Territory of Arizona. for the purposes of hydraulic min. ing, placer mining gold washn,iuv. ,0rieuItpr,l ing, quartz m1idlg purposes; the purchase and ""o u mining claims, mineral, agricultural CT other lands; the leasing, sub leasing, letting CT sub-letting of water, mining claims. agricultural or othor lands; constructing buildings, sheds, workshops or other enclosures; selling, renting, or leasing the same; laying out and constructing | townsites and roads connecting herewith, and 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 i,s princiral office and place Of business i. in the City of Phenix, in the Territory of AIi. zona.
 ARTICLE ".
 The amount of the capital stock ot this corpo- ration shall be two hundred thousand (t2CO0oO) dollars, divided into two hundred thousand (2OO,O0D shares, of the par value of one dollar each, and the time and the conditions upon which it is to be paid are as follows, viz; From time to time after the same shall be subscribed, us the Board of Directors shall by resolution or order prescribe
 ARTICLE V.
 The amount of the par value of each share in the capital stock of this corporation shall be one dollar.
 ARTICLE VI.
 The highest amount of indebtedness or liabil ity, direct or contingent, to which this corpora ton Is at any time to subject Itself shall not ex eeed the sum of one hundred thousand tsl0O,oDO) dollars
 ARTICLE VII.
 The stockholders in this corporation and their private property shall be exempt from the cor. porate debts of this corporation.
 ARTICLE VIII.
 The afiairs of this corporation are to be and they shall be conducted by a Board of Directors consisting of seven persons, who shall be elected by the stockholders from among their nun Der at their regular annual meeting tc be held on the first Monday of November of each year. The following named persons, who are sub scribers to the capital stock of this corporation shall constitute the Board of Directors until their successors are elected and qualified, which shall be at the first annual meeting of the stock hoiuelb VI this coIpOTdtiou, VIZ Aifreu BOr- wick, August G. Meissner, Daniel E. Keating, Archibald Berwick, Horato II. Wharton, Will ian c Thairwall, Cecil B. Ayrton,
 ARTICLE K. 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 ft and with such rates of interest as to them may be deemed expedent or advis. | able, and to secure the payment of any such | loan may pledge, mortgage or hypothecate the | whole or any part of the corporate property, | and such Board of Directors shall have the | power to establish bylaws and make all rules | and regulations deemed expedjert for the man. agement of 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 stockholder ne shall cease to bea Director
 ARTICLE XI
 These articles of incorporation may be amended by Il majority vote of tho stockholders t any annual or special meeting called for chat )urncee after sufIi icient nnsioe sl,ll haya ,.aan