Arizona republican., 1893-01-17

erect and maintain all necessery improvements as may be required and convenient from time to time, take, hold, use, CT joy, each, all and particular the property aforesaid, sell, encum Ter or otherwise dispose of the same at such times and upon such terms as may be necessary and convenient, convey tho said property or any part or parcel of the same, whether by deed, lease, mortgage ol otherwise, as may seem fit or profitable, erect and maintain telegraph or telephone line along said canal, and generally do and perform any and all acts and things in and about th' premises as may be requisite and necessary tC the end to execute all and every the matter' and things for the purpose aforesaid.
 III.
 The amount of the carital stock of said cor poraton IS SIX million (S6OOO.OO0l dollars, dIvi ded into six:y thousand GO OO0O) shares Of on' undred (slOOJ dollars each. The times when and the cOndi ions upon which the same is tC be paid in, are when and as each share is sub scribed for, and when issued the me shall be fully paid, and such subscriptions shall be or condition only that no stock of said corpora tion shall be issued until the same he fully paid mp, according to the par value thereof. and if not fully paid when issued and ready for delivery, all sums heretofore paid upon such subscriptions less than the par value of one hundred t$lO0.0O Dollars on any share issued and ready for de- livery, upon demand being made for the un paid par value of any such share or shares, in default of such payment upon demand afore' said, then and in such case all amounts there tofore paid on any one share, less than the par value hsreof, shall be forfeited to said cor poration.
 ".
 The time of the commencement of said cor poration shall be on the second Tuesday of January, 1898, and continue for and terminate at the expiration of Fifty t5Ol years from and after that date, unless sooner dissolved under the provisions of the laws of said Territory, ,nOw in force and under which this corporation is formed.
 The officers or persons who shall conduct the affairs of said corporation are Co be a board oi directors, consisting of three stockholders, to be chosen and elected from among the stock holders on said second Tuesday of January, 1893. and on the second Tu, sday of January of each year thereafter during the term hereby created, which election and the officers to be elected by such boards of directors, as well as the duties of each, shall be provided for by the by laws of said comUany adopted at a meeting of the stockholders hereof.
 VI.
 The highest amount of indebtedness or liG. bility, direct or contingent, to which said cor poration shall at any time be subject is Four Million fSi0O0 900 0O) Dollars.
 VII
 .t... F this corpor .tion is hereby declared exempt from the corporate debts of said corporation, and the private property of any person owning stock herein shall in no wise, be respOn hble, nor shall such private property be subject to the debts of said corporation, or any part of such debts.
 In witness whereof, we, the persons above named as incorpOrators. have he'eunto set our hands and seals this 3Oth day of DecemberlS92.
 A. A. DoUGHERTY (sEALl
 W. E. DEFY. tsEAL.l
 J, s. VAN DoREN. (sEAL.J
 WELLS HEEDERsHoTT (sEAL.) STATE OF CALIFORNIA.
 County of Los Angeles.
 On this Ith day of January, in the year of our Lord one thousand eight hundred and ninety
  lie in and for said County of Los Angeles, State of California, residing therein, duly commis- stoned and sworn. personally appeared J. s. Van Doren, known to me to be the person whose name is subs ribed to the within instrument, and he acknowledged that he executed the same.
 In witness W 1ereof, have hereunto set my hand and affixed my offclal seal the day and year in this certificate first above written.
 CsEALl G. G. JOHNSON. Notary Public in and for Los Angeles County. State of California.
 TERRITORY OF ARIZONA,
 County of Maricopa.
 Before me, Daniel Murphy, Notary Public within and for the County of Maricopa and Territory of Arizona, this day personally ap- peared A. A. DougherIy snd Wm. R. Deity, known to me to be the same persons whose names are subscribed to the foregoing instru- ment of writing and acknowledged to me that they executed the same for the purposes and considerations therein expressed
 Giyen under my hand and seal of office this 30th day of December, A. D. 1892.
 DANIEL MURPHY, tsEAL) Notary Pubhc TERRITORY OF ARIzoNA,j ss
 County of Maricopa.
 Before me, II B. Lighthizer,a a Notary Public within and for the County of Maricopa and Territory of Arizona, this day personally ap- peared Wells Hendershott. known to me to be the same person whose Dame is subscribed to the foregoing instrument of writing and ac- knowledged to me that he executed the same for the purposes and considerations the;ein ex- pres ed.
 Given under my hand and seal of office this sixth day of January, A. D. 1893.
 II. B. LIGHTHIZER, (sEAL) Notary Public