Arizona republican., 1895-08-23
THE RIO VERDE CANAL COMPANY.

form corporation under the revised statutes of the Territory of Arizona relating to corpora tions approved March Sth, A. D. 1887, do here oy associate ourselves for that purpose, and sign, adopt and acknowledge the following articles of incorporation, to-wit:
 ARTICLE l.
 The names of the persons so hereby assoc1at- Ing themselves for the purpose aforesaid are Frank L. Stetson, Martin Ring, Charles F. Baker, William H. J. Pearce, Morenus J. Gal pin, Charles P. 5illoway and Charles A. Bicknell.
 ARTICLE II.
 The name of the corporation shall be 1.-THE RIO VERDE CANAL COMPANY"
 ARTICLE IT,
 The principal place for transacting it's bust- ness shall be In the City of Phoenix, in the County of Maricspa, in the Territory of Arizona.
 ARTICLE ".
 The objects for which this company is organ ized are:
 A-To carry on the business of a canal con- pany, water power company, water supply company for irrigation, public, private, muni : cipal, domestic or other uses in the Territory of Arizona;
 B-To build, erect, construct, excavate, maintain canals, dams, fumes, reservoirs, tanks, hydrants, plugs, acequias, ditches, aque- duets sewers, or any other hydraulic applian- ces, telephone and telegraph lines;
 C-To lay pipes or other water conduits or appliances for the storage, supply, delivery and distribution of water;
 D.-To control oostruct, divert conduct, lead, turn, regulate the flow, supply, service and use of water;
 E.-To buy, sell, lease, rent own, acquire, ap- a,,50u ri iOht rights to the use of water for power, mining, manufacturing or agricultural purposes, re- clamation of land, domestic, piscatorial, angling and all lawful uses;
 Flo own and operate canal or canals, water power, telephone lines and telegraph lines;
 G.-To reclaim land by the use of water;
 H.-To enter into any agreement or arrange ment with any ies, supreme, state, ter ritorial, municipal, local or otherwise, or to ob- tain from the aforesaid authorities, or any Of them, any rights, privileges, concessions or franchises, which may seem conducive to the objects of the company, and to exercise. carry out and comply with any such agreement or ar engagement, or the terms and conditions of such rights, privileges, concessions or franchises; I-To fix, establish and alter prices, assess ments, rates, charges and tolls; and to enforce duQ cOllOCL pdy1ucAtS Ol tilO ooAiO SAbhOi HI coin, currency, services performed or any prop efty taken in exchange therefor;
 J.-To buy, own, hold, lease, rent, sell. ac- quire, appropriate any and all lands, houses. tenements hereditaments, easements, sites, To- cations, reservoirs and rights of way necessary or convenient for the carrying on of the com pany's business, or taken in exchange for debts due property conveyed, services rendered or benefits conferred; K.-And generally to undertake and carry on any business, undertaking, transaction or oper- at1on commonly carried on or undertaken by irrigation canal companies, water supply com. panies, or water power companies, and any other business which may seem to the company capable of being conveniently carried on in connection with the above or calculated either directly or indirectly to enhance the value of or render profitable any of the company's prop erty or rights; L.-To enter into contracts with any other company or companies, or person or persons for the foregoing purposes; M.-To do all or any of the aforesaid as prin- cipal, agent, contractor, trustee or otherwise, and that by or through trustees, agents or other 'wise and either alone or in conjunction with others; Mo amalgamate or unite with any other company altogether or in part similar in its ob- jects or purposes to this company;
 O.-To borro V or raise money by mortgage or on bonds, debentures, aeceptances, promissory notes or other securities, or property of the company or any part thereof;
 P.-To do all such things as are incidental or 'conduciveto the attainment of the above objects.
 ARTICLE V.
 This corporation shall further have power and authority to issue and sell it's bonds for the aforesaid purposes, to the limit fixed by law; and it shall have power and authority to create sinking fund from the avails of the sales of its water rights or from any other source of assets for the purpose of providing for the payment of its bonds at maturity or for the payment of in- ;terest thereon.
 The capital stock of this corporation shall be three million six hundred thousand dollars (s3, ,6O0 OOO), divided into thirty-six thousand (S6.OOO) shares of the value of one hundred dol lars (s1OO) each, with power to increase, subdi- vide or reduce the capital for the time being by the amendment Of these articles, and to raise the whole or any part thereof or any increased capital at premium, or with any preference, guarantee, privilege or other advantage or postponement. The times when and the conditions upon which the said capital stock is to be paid in are as follows, to-wit:
 Four thousand (4,OOO) shares thereof shall be and are hereby set aside as treasury stock, and such treasury stock shall be sold and issued upon subscriptions therefor, at such times and upon such conditions and for such price as may be determined by the affirmative vote of the holders of at least wo-thirds of the capital stock then issued and the remainder of such