Arizona republican., 1891-01-12


 1887, and all acts amendatory thereof, for tie purpose of engaging in the lawful enterprises, businesses, pursuits and occupations hereinafter specified, do make, adopt, subscribe and &C., Knowledge according to law these articles of in. corporation. and declare and state as follows:
 ARTICLE I.
 The name adopted and assumed by this corpo- ration and by which it shall be known is "TnE 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 oi 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 Marieopa and Yavapai, in the Territory of Arizona, and the termination there of shall be twenty years thereafter.
 ARTICLE II.
 The enterprises, businesses, pursuits and oc equations in which this corporation proposes tc engage are those of constructing, maintaining and operating reservoirs, dams, canals, ditches and waterways, of whatever description may bs 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 siock-aising purposes; the purchase and sale of mining claims, mineral, agricultural oi other lands; the leasing, sub leasing, letting oi sub-letting of water, mining claims. s,ricult,ira 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 the company may see 1t or deem advisable to undertake.
 ARTICLE III.
 The place where this corporation proposes tu have its principal office and place of business i. 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 (s.OO,Ooo) dollars, divided into two hundred thousand (2Oo,o0o) 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, as the Board of Directors shall by resolution or order prescribe
 ARTICLE V.
 The amount of the par value of zach 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 tnis corpora. ton is at any time to subject itself shall not ex. ceed the sum of one hundred thousand (sIOo,o0O) 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 sfIairs of this corporation arr, to be and they shall be conducted by Board of Directors by the stockholders from among their number at their regular annual meeting to 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 arc elected and qualified, which shall be at the first annual meeting of the stock. holders of this corporation, viz: Alfred Bor. wick, August c. Meissner, Daniel E. Keating, Archibald Berwick, Horatio H. Wharton, Will ian c. Thairwall, Cecil E. 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 Huch time as they may see fit, and with such rates of interest as 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 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 o1ices of said 
 ARTICLE X.
 No person shall be elegible to the office of Director unless he is a stockholder in this cor poration, and upon ceasi ng to be a stockholder he shall cease to be Director.
 ARTICLE XII
 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 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- stion shall be entitled to one vote Ut any annual pr 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 hersunto set our hands this eighth day of January, A. D, 1891.
 DANIEL E. HEATING,
 HORATIO H. WHARTON,
 ALFRED BoRWICK.