Arizona republican., 1896-05-13

shall also be authorized and empowered to un- dertake the construction, erection and equip ment of telegraph and telephone lines, and to use and operate the same, and for that purpose, and to that end, shall be empowered to buy, lease, rent or otherwise acquire, appropriate, enjoy and use lands, tenements and heredita- ments water and water righ.s, and rights to use of water for water power, mining, nanu- featuring, irrigating, or any other lawful pur- pose. And said company shall be fully author ized and empowered to sell, lease, rent or otherwise dispose of any of said lands, tenements, hereditaments or ap- purtenances, water, water rights, or rights to the use of waterf for power, mining, manufacturing, iIrigating or other purposes, and to improve the same by erecting and con- structing thereon such railroads, bridges, toll roads, toll brio ges, canals, dams, fumes, re- | servoirs ditches, aqueducts, sewers, or any other creations, constructions or buildings necessary or expedient to enhance the value thereof, or to improve the same; and in like manner, and to the same extent, said corpora | ton shall be empowered to borrow money either with or without security, and to sell, convey, lease let, mortgage or otherwise dis pose of, charge or cucumber such lands, tene. ments and hereditaments, real and personal
  | right or interest therein at pleasure, and in such manner, and on such terms as such cor poration, or association may determine by or der of Its directors, or established by it's by. laws, andnfor that purpose to make and deliver, and in Ike manner accept ana receive all | necessary and proper deeds, cOnveyances, mortgages, notes, bonds, lease and other con- tracts or writings obligatory, and to have and exercise all the necessary rights, franchises, muniments, statutes, powers and privileges | necessary to that end.
 And such association. or corporation, is | authorized to loan money and funds to secure such loans by mortgage or other security, and to do and perform any and all things incidental
 to or expedient for the best interest of said cor poration, and in carrying OF and transactin g i the business for which It is incorporated. ARTICLE
 1 The amount of capital stock authorized is the l um of Fifty Thousand Dollars (s50,OON) ard 1 the same shall be divided in,o ten thousand Q0000) shares of Fifty Dollars (s50) each, which | shall be paid in st the times and on the con- ditions as follows:
 | The capital stock of the corporation shall be | issued for cash, or for work and materials per- | formed or furnished, or other property con- Vey6u or dsS1SuGu to Sdlu COT pOraLlOu, ana the ] same shall be issued fully paid up and non assessable.
 ARTICLE VI.
 The time of the commencement of said cor
 poration shall be the 20th day of March, one | thousand eight hundred ard ninety-six QS96 ] and the same shall continue in existence, un- | less dissolved, or the time further extended, | for the period of twenty-five (20 years from | that date.
 ARTICLE VII.
 | The officers of said corporation to conduct its
 affairs shall consist of a Board of Directors Of not less than three, nor more than nine direct. ors, the nuIaber of directors 10 be fixed and Ge- l termined by the bylaws to be lopted ct the | first annual meeting Of said corporation. until which time the ipcOrpoTators shall constitute I the first board Of directors.
 | The merbers of the fist Board of Directors l are as follows: Hiram c. Truesdale, James w. l Lawrence and Frank L. Coukey.
 | The annual meeting ot stockholders shall be
 held on the first Tuesday Of April, of each year, or some othersdate to W hich said meeting may
 be adjourned.
 ARTICLE VIII.
 | The officers of said corporation shall be:
 Presto ent, Vice. President. Secretary and Treas