Arizona republican., 1891-02-12

IRRIGATION COMPANY, and its principal place of transacting business is the City of Gila Bend, County of Maricopa, Territory of Arizona; and the time of the commencement of this corpora tion shall day of filing of these articles in the office of the County Recorder of the County of Maricopa and of the Secretary Of the Territory, and the termination thereof shall be fifty (50) years thereafter.
 The enterprise, pursuit, business and occupa. ton in which the corporation proposes to en- gage is that of constructing, maintaining and operating dams, acequias, canals, ditches, fumes, pipes, conduits, pumps, hydrants, plugs, reservoirs, aqueducts, gates and such other structures as may be necessary and useful in turning, conducting, obstructing, controlling and regulating the flow of water, acquired by location, appropriation and purchase and in any other lawful manner; to buy and sell water and the use thereof for any and all purposes. The place where this corporation proposes to have It's principal place Of business is the City of Gila Bend, County of Maricopa, Territory of Arizona.
 ".
 
 ration shall be two hundred and seventy thou sand (s27O,OOO) dollars, divided into twenty seven thousand (27,00O) shares of the par value of ten (sl0) dollars per share each.
 V.
 The amount of each share of the capital stock of the corporation shall be of par value of ten (Sl0J dollars.
 The highest amount of indebtedness or lia- bility, direct or contingent, to which this corpo ration is at any time to be subject, is the sum of one hundred and eighty thousand Slso,OOOl dol lars.
 The stockholders of this corporation and their private property shall be exempt from the corporate debt of this corporation.
 The tcrmini of the irrigating canal which 1t Is the purpose of this corporation to construct and maintain, are hereby specified as follows, to-wit: Commencing at and running from q point on the left bank of the Gila River known as the "0ld Webb Crossing" the same being near the center of Section 5, Township South, of Range West, Gila and Salt River meridian and base line, thence in q southeasterly direc- ton along the left bank of the Gila River to a large slough, the same being near the center of the north half of Section of the township and range aforesaid, the same being on record as head No. 2 of the Farmers Canal, and located and recorded by the incorporators hereof thence continuing in a southeasterly direction through thls slough for about 1 mile, thence to the southwest corner of Section 9 of the township and range aforesaid, thence in general south erly direction over the most practical route, to n point near the center of Section Y, Township South, Range West, thence in a southwest erly direction over the most practical route to point near the southwest corner of Section IS, of township and range last named, thence in a general southwesterly direction over the most practical route to point al the base Of what is known as the Painted Rock range of mountains, thence following the base of said mountains in nOrtherly direction to the Gila River.
 The affairs of this corporation shall be con ducted by Board of Directors consisting of three persons who shall be elected annually by the stockholders, at such time and manner as shall be prescribed by the bylaws of this corpo- ration, and all of whom shall be stockholders in this corporation, and hereafter no person shall be eligible to the office of director unless he is q stockholder Tn the corporation. The in corporators nereo of whose names are subscribed hereto shall constitute the Board of Directors until the first Tuesday in October, A. D. 1891, and until their successors are duly elected and qualified. Immediately, or as soon thereafter practicable after the filing of these articles in the office of the County Recorder of Maricopa County, Territory of Arizona, the persons named as directors to serve until the first Tuesday in October, 1891, 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 stockholders A majority of the board of directors shall consti- ute quorum of the said board for the transac- ton of the business of the corporation, and any meeting where q quorum is present shall be deemed a regular meeting of the board and rave the same authority as the full board, provided the third director shall have been previously notified of the intention of the board to hold meeting.
 The board of directors of this corporation shall have power to establish by laws and make all rules and regulations for the control and management of the affairs of this corporation and the officers thereof not inconsistent with the constitution of the United States and the laws of the Territory.
 In witness whereof we have hereunto set our hand and seal this 18th day of December, 1890.
 HERBERT MORGAN, [sEAL.l CHARLES II. WILLARD, [sEAL.1
 WILLIAM J. MORGAN, [sEAL.l Subscribed and sworn to before me this 18th day Of December, A. D. 1890.
 [sEALl FRANK D. WELCOME,
 Notary Public.