The Arizona sentinel. [volume] (Arizona City [Yuma], Yuma County, A.T. [Ariz.]) 1872-1911, 1892-02-27
ARTICLES OF INCORPORATION OF THE
FU.M.A IMPROVEMENT
COMPANY.

laws of the Territory OF Arizona, ana
specially an Act Of the Legislative As
sembly thereof, entitled can Act Concern
ing Corporations" approved March s, 1887
for the purpose of engaging In the lawful en-
terprises, business pursuits and Occupation
hereinafter specified, do make, subscribe
and acknowledge according to law, these
ari les of Incorporation and declare;
The name assumed by this corporation
and bv which 1t shall be known is the Yuma
improvement Company, and the time OF
the commencement OF TINS
corporation shall be the day OF the ming
Of these articles in the Office Of the County
Recorder of the county of Yuma, Territory
of Arizona, and the termination thereol
shall be twenty-five (25) years thereafter
III.
The enterprise, pursuits, business anu
occupation in which this company pro-
noses to engage, is, that OF constructing
maintaining and operating dams, acequlas'
canals, water wheels, bitches, fumes,
pipes, conduits, pumps, hydrants, plugs
reservoirs, aqueducts gates and such other
structures aud appliances as may be neces-
sary and useful in turning, conducting,
controlling. obstructing and regulating the
flow of water, acquiring by location, ap-
propriation and purchase, and in any other
lawful manner whatever, water, water
rights and franchises, dams, acequias, ca
nails, bitches, fumes. waterwheels, acQue-
ducts, pipes, conduits, pumps, hydrants,
plugs, reservoirs, gates and such other
structures and appliances as may he neces-
sary. convenient or useful in turning con-
Quoting obstructing controlling and regu-
lating the flow of water; to buy and sell
water, water-rights in other companies and
the use thereof for all and any purposes, to
acquire by purchase, location and IN any
other lawful manner, real estate, lands,
md all kinds of property, real personal or
mixed; to lay out, construct and acquire by
purchase or in any other lawful manner,
and accept, hold, possess, enjoy, operate,
and use franchises from any State or Ierrl-
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 of 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 promls-
sorry, notes mortgages, real and personal
property, stocks, bonds, city school, county
and Territorial warrants, gold, silver, cop
per, and lead and other kinds OF bullion
and ores, bills of exchange and all other
evidences of debts and bankable paper,
and loaning money on good and suthclent
security, either personal, collateral or real
estate, to be determined by the officers OF
this corporation, buying, manufacturing,
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 al
kinds of business which may be transacted
by uataral 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 bt
entitled to; to borrow money and contrac
to repay the same at such time or times al
its Board of Directors deem proper and SCI
fit; and to hypothecate, mortgage, o.
pledge, all or any part of the property
which this corporation may hereafter &C
quire; to secure the payment of such money
with interest, or to secure payment of am
debt of this corporation, with such inter
est thereon as it may be legally obligated
to pay; to contract to set out and improve
lands, with fruits or other products of th'
soil, for cash or on shares; to erect suga
factories and mills, and to conduct gen
eraI merchandise and trading business; tt
buy and sell, gold, silver, copper, lead anC
ether mines to form subsidiary companle
to work them, and to erect quartz mills
smelling furnaces or other reduction work
for the treatment of all kinds of minera
ores.
The place where this corporation pro
poses to have It's principal Office and plac
of business is in the city or town of Yuma
County of Yuma, Territory of Arizona.
~.
The amount Of the capital stock of thi
corporation shall be one million dollars, oil
vided into ten thousand shares of the pa
value of enc hundred dollars each, ant
the time when, and the conditions upo
which it is to De paid are as follows, viz
The whole thereof Immediately upon max
ing the subscription therefor, and the sal
stock shall be fully paid before being is
sued and worcestershire thereafter,
V.
The amount of the par value of eac
share of the Capital stock of this corpora
ton shall be one hundred dollars.
VI.
The highest amount of Indebtedness c
liability direct or contingent to which thi
corporation is at any time to be subjecte
or to subject itself, is the sum of hv
hundred thousand dollars.
VII.
The stockholders in this corporatio
and their private property, shall be exemI
from the corporate debts of this corporation
VIII.
The affairs of this corporation are to |
and they shall be conducted by a Board
Directors consisting Of five person wi
shall be elected annually by the stoci
holders at such time and in such manner
shall be prescribed by the bylaws of tn
corporation and all of whom shall be stoc
holders or subscribers to the capital stoC
of this corporation.
The following named persons who are su
scribers to the capital stock of this corpo
alton. shall constitute the Board of Dire
tors of this corporation until the 25t
day of October. A. ID. 1892, and unit
their successors duly qualified shall
elected or appointed, to-wit S. S. Gille
pie, NJ. J. Nugent, Z. B. Wagy, f. S. L
gals, Joseph F. Nugent, if any direct
shall cease to be a stockholder he sh:
cease to be a director. Vacancies in Il
Board of Directors shall be filed by Il
remaining members Of the Board.
Immediately or as soon as practical aft
the filing of these articles in the Office
the County Recorder of the County
Yuma, the persons herein before named