Arizona republican., 1891-01-11
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, ditches and waterways, of whatever description may be deemed necessary, in yavapai County. Territory of Arizona. for the purposes of hydraulic min ing, placer mining, gold washing, ground sluic ing, quartz milling and mining; agricultural and stock raising purposes; the purchase and sale of mining claims, mineral, agricultural oI other lands; the leasing, sub-leaslng, letting ol sub-letting of water, mining claims. agricultural or other 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 She company may see fit or deem advisable to undertake.
 ARTICLE III.
 The place where this corporation proposes tc have its principal office and place of business 1. in the City of Phenix, in the Territory of Ari zona.
 ARTICLE ".
 The amount of the capital stock of this corpo. ration shall be two hundred thousand tsaOO, ,OoO) dollars, divided into two hundred thousand (2O0, ,00Ol shares, of the par value of one dollsi 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 as the Board of Directors shall by resolution ol order prescribe.
 ARTICLE V.
 The amount of the par value ot each share in the capital stock of this corporation shall ba one dollar.
 ARTICLE VI
 The highest amount of indebtedness or liabil ity, direct or contingent, 10 which this corpora ton Is at any time to subject itself shall not ex ceed the sum of one hundred thousand tsloo, GOO, dollars.
 ARTICLE VII
 The stockholders in this corpora tion and theil private property shall be exempt rom the cor porate debts of this corporation.
 ARTICLE VIII.
 The affairs of this corporation ere to be and they shall be conducted by a Board of Directors consisting of seven persons, who snail be elected by the stockholders from among their number at their regular annual meeting to be held on
  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 holders of this corporation, viz. Alfred Bor wick, August c. MeissDer, Daniel k. Keattng Archibald Berwick, Horatio II. Wharton, Will ian c. Thairwall, Cecil E. Ayrtop.
 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 6, they may see At, and with such rates of iuseresl as to them may be deemed expedient or adyis able, and to secure the payment of any such loan may pledge, mortgage or hypothecste 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 expedient for the man. agement of the affairs and the offices of said corporation.
 ARTICLE K
 No person shall be elegible to the office of Director unless he is "a stockholder in this cor poration, and upon ceasing to be . stockhoider he shall cease to be a Director.
 ARTICLE xL.
 These articles of Incorporation may be amended by q 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 have elapsed necessary for him to send In his proxies or be 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 E. HEATING,
 HORATIO H. WHARTON,
 ALFRED BORwICK