The Arizona sentinel., 1892-02-13
ARTICLES Or Iac0RPORAHoN OF TIE
Y'Ud.A IMPROVEMENT
COMPANY.

laws OF the Territory of Arizona, and
specially an Act of the Legislative AS
senlbly thereof, entitled can Act Concern
ing Corporations, approved March s, 1851
for the purpose of engaging in the lawful en-
terprises, business pursuits and occupation
he einafter specified. do make, subscribe
and acknowled according to law, thess
ar.i les of Incorporation and declare:
The name assumed by this corporation
and by which 1t shall be known is the Yuma
Improvement Company, and the time OF
the commencement OF this
corporation shall he the day of the filing
of these articles in the Office of the County
Recorder of the county of Yuma, Territory
of Arizona, and the termination thereof
shall be twenty-five (25) years thereafter.
H.
The enterprise, pursuits. business and
occupation in which this company pro-
poses to engage, is, that of constructing,
maintaining and operating dams, acequias,
canals, water heels, bitches, fumes,
pipes, conduits, pumps, hydrants, plugs,
reservoirs, aqueducts gates and such other
structures and applian, es as may be neces-
sary and useful III turning, conducting,
controlling, obstructing and regulating the
flow of water, acquiring by location, ap-
preparation and purchase, and in any ether
lawful manner whatever, water, water
rights and franchises, dams, acequias, ca
mails, bitches, fumes. Waterwheels, acqUe-
ducts, pipes, conduits, pumps, hydrants,
plugs, reservoirs, gates and such other
structures and appliances as may be neces-
sary, convenient or useful in turning con-
ducting obstructing controlling and regu-
lating the flow Of water; to buy and sell
water, water-right5 in other companies and
the use thereof fer all and any purposes, to
acquire by purchase, location and in any
other lawful manner, real estate, lands,
and all kinds of property, real personal or
mixed; to lay oat, construct and acquire by
purchase or in any other lawful manner,
and accept, hold, possess, enjoy, operate,
and use franchises from any State or Terri
tory OF the United States. or in any county
or municipal or private corporations, wagon
roads, canals, mills, factories, houses CAPT
tai stock and bonds CT corporations, chattels
goods, wares, and merchandise, chooses in
action; carrying On the business of banking
in all its branches receiving moneys on de-
post and paying them out again on the
checks and orders of the depositors, borrow.
ing and loaning moneys, dealing in all
kinds OF negotiable paper including promis-
sorry. notes mortgages, real and personal
property, stocks, bonds, city school, county
and Territorial warrants, geld, silver, cop
per, and lead and other kinds of ballion
and ores, bills of exchange and all other
evidences of debts and bankable paper.
and loaning money on good and sufficient
security, either personal collateral or real
estate, to be determined By tine officers of
tlic
operating, selling and dealing in electrical
appliances for driving machinery, as motor
power for propelling any and all kinds of
mechanical appliances where electricity is
applicable, telephone and telegraph lines,
electric lights; to transact any and all
kinds of business which may be transacted
by a nateral person; to hold, use and enjoy
the same, and to ALLEVIATE, sell, lease, de
mise and dispose of the same or any part
thereof, as well as of any other property
this corporation possesses, be seized of or be
entitled to; to borrow money and contract
to repay the same at such time or times as
its Board of Directors deem proper and see
ut; and to hypothecate, mortgage, or
pledge, all or any part of the property
which this corporation may hereafter ac-
quire; to secure the payment of such money
with Interest, or to secure payment of any
debt Of this corporation, with such inter
est thereon as 1t may be legally obligated
to pay; to contract to set out and improve
lands, with fruits or other products of the
soil, for cash or on shares; to erect sugar
factories and mills, and to conduct a gen
eral merchandise and trading business; to
buy and sell, gold, silver, copper, lead and
other mines TO form Subsidiary companies
to work them, and to erect quartz mills, |
smelling furnaces or other reduction works !
for the treatment of all kinds of mineral |
ores.
The place where this corporation pro
poses to have its principal office and place |
of business is in the city or town Of Yuma, |
County of Yuma, Territory of Arizona.
~.
The amount of the capital stock of this |
corporation shall lee one million dollars, di- |
vided into ten thousand shares of the par !
Talue of enc huGdred dollars each, and /
the time when, and the conditions upon |
which it is TO be paid are as follows, viz: |
The whole thereof immediately upon max |
ing the subscription therefor, and the said |
stock shall be fully paid before being is
sued and non as5essab!e thereafter,
Y.
The amount of the par value of each |
share of the Capital stock of this corpora
ton shall be one hundred dollars.
Vi.
The highest amount of Indebtedness or
liability direct or contingent to which this
corporation is at any time TO be subjected |
or to subject itself, is tie sum OF five
hundred thousand dollars.
VII.
The stockholders in this corporation
and their private property, shall be exempt
from the corporate debts OF this corporation.
VIII.
The affairs Of this corporation are to be
and they shall be conducted by Board of
Directors consisting of tive person who
shall be elected annually by the stock
holders at such time and in such manner as
shall be prescribed by the bylaws of this
corporation and all of whom shall be stock
holders or subscribers to the capital stock
of this corporation.
The following named persons who are sub
scribers to the capital stock of this corOor-
arion, shall constitute the Board Of Direc-
tors of this corporation until the 25th
day OF October. a. D. 1892, and until
their successors duly qualified shall he
elected or appointed, to-wit S. S. Giles
pie, NJ. J. Nugent, e. B. Wagy, f. S. In
gals, Joseph <. Nugent, if any director
shall cease TO be a stakeholder he shall
cease to be a director. Vacancies in the
Board Of Directors shall lie filed by the
remaining members Of the Board.
Immediately or as soon as practical after
the thing of these articles in the Office of
TIE Cou@ty Recorder of tie County Of
Y uma, the pei sons herein before named as