The Arizona sentinel. [volume] (Arizona City [Yuma], Yuma County, A.T. [Ariz.]) 1872-1911, 1892-01-23
ARTICLES OF INCORPORATION OF THE
YUMA IMPROVEMENT
COMPAVY.

We, S. 8. Gillespie, NJ. J. Nugent and
E. B. Wagy, desiring to incorporate our
selves under the provisions of the
laws of the Territory of Arizona, and
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
articles 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 be 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.
II.
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 wheels, bitches, fumes,
pipes, conduits, pumps, hydrants, plugs,
reservoirs, aqueducts gates and such other
structures and appliances as may be neces-
sary and useful in turning, conducting,
controlling, obstructing and regulating the
flow of water, acquiring by location, ap-
preparation 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 be 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,
and 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 Terri
tory OF the United States. or in any county
or municipal or private corporations, wagon
roads, canals, mills, factories, houses capi-
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.
posit 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, 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 sufficient
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 all
kinds OF business which may be transacted
by natcral 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
tilIs 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
ht; and to hypothecate, mortgage, or
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 any
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 the
f.lSh or 81 fn
factories and mills, and to conduct gem
eral merchandise aud trading business; to
buy aid 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.
III.
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 be one million dellars, di-
vided into ten thousand shares of the par
value of cne hundred 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 -assessable thereafter,
V.
The amount of the par value of each
share of the Capital stock of this corpora
Sho1 ho !
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 the sum of live
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 SUBJ
scribers to the capital stock of this corpor-
alton, 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 be
elected or appointed, to-wit S. S. Giles
pie, M. j. Nugent, E. b. Wagy, F.. s. In
gals, Joseph F. Nugent. if any director
shall cease to be a stockholder he shall
cease to be director. Vacancies in the
Board of Directors shall be filed by the