The St. Johns herald., 1893-01-05
Articles of Incorporation
 OF THE Si. JOHES WATER WORKS C0hPANY

Know all men by these presents: That we, Albert +. Banta, J. T. LeSueur, J. W. Brown,
 Ben Schuster, Willard Farr, c, P. Anderson and
 J. B. Patterson, have this day voluntarily asso- ciated ourselves together for the purpose Of forming corporation under the laws of the
 Territory of Arizona, Title F, entitled "Corpor- ationS, approved March Sth, 1887.
 ARTICLE l. The name adopted and assumed by this corporation, and by which it shall be
 known, is the St: Johns Water Works Company,
 and the principal place of business of said Com
 pany shall be at the town of St. Johns, Apache | County, Arizona Territory.
 Art. 2 The enterprise and business in which | the Company propose to engage are those of piping water from the Mcintosh Springs to the town of St. Johns, laying pipe in the streets of
 said town, connecting said mains with buildings
 ani supplying water to the inhabitants Of said | town, collecting rents, and all other business
 necessary in establ shing and carrying cut said | enterprise.
 Art g. The capital stock of this Company | shall be ten thousand (slO,COO dollars divided | liuto four hundred (4G0l shares of the par value | of twenty-five ($25) dollars each, and the time when, and the conditions upon which it is to be | paid are as follows: Forty per cent of amount l subscribed on or before December lst, 1892, and | the balance at sach time or times as the Board | of Directors shall by resolution or order pre- scribe.
 | Art. 4. The time of the commencement of
 this corporation shall be the date of filing these articles in the office of the County Recorder of | Apache County, and shall terminate at the end | fifty (50) years from the day of said uling. | Art. ,, The affairs of this corporation shall | be conducted by Board of Directors consisting | of seven persons, who shall be elected by the l stockholders of said company annually, The first regular annual meeting of the stockholders of this corporation shall be on the third Monday | in December 1893, and regular stockholders meetings shall be held annually thereafter on said third Monday in December for the purpose
 of electing a Board of Directors and tranSacting such other business as may proper.y come before said meetings. The following named persons, who are subscribers to the capital stock of said Company, shall constitute Board Of Directors until the third Monday in December, 1SJ3 or un-
 til their successors are elected and qualified to- wit Albert r. Banta, J. T. Lesueur, J. w, Brown, Ben Schuster Willard Farr, C. P Anderson and | J. B. Patterson.
 Art. G. The highest amount of indebtness or liability to which this corporation is at any time to subject itself is limited to six thousand dollars.
 Art T. The private property of stockholders shall be exempt from the detts Of the company. Art 8. The officers of this corporation shall | be President Vice President, Secretary and a 1 Treasurer whO shall be elected by the Board Of
 Directors and from their number, oa the Satur- day following the regular stockholders meeting.
 The Board of Directors may also select and a2- point such other officers and agents, to conduct the business as they may see fit, and invest in | them such powers as they may deem eXpedient. | The Board of Directors shall also prescribe the
 duties of all its officers and see that such duties | arc faith ully discharged.
 | Art g. The Board of Directors at any of their | regular or called meetings for the purpose, may ] make and adopt such bylaws as they may d. em l proper and necessary for the governmeItO tOf the corporation and officers thereof. and at all meet | ingS of the Board of Directors a quorum of fCur
 members present will be necessary to transact | business.
 Art. TO- At all regular or called meetings of | the stockholders for the election of Board C1 | Directors or the transaction of any other buSi-
 ness each share Of stock shall De entitled to one vote, and no meeting snail be held unless a ma | ority of the paid up stock be represented. Any | stock may be voted by proxy, if filed with the Secretary at or before the meeting. l Art IL The Board of Directors shall have | the light and power u borrow money for the ben 1 eft and use of the corporation, said sum of mon | ey or to al indebtedness of the Company nos to | exceed the limit designated in Artic,o of this Constitution, or Articles of Incorporation. | In witness whereof we have hcreunto set our l lands aud seals this Z2d day of October, 1892