Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1896-05-02

purehsse of and the purchase OF mines or
mineral lands or the location or purchase OF
any other lands, and for the DEVELOPMENT
thereof; it shall also be authorized.tO construct
or otherwise acquire railroads, railroad bridges,
toll roads and toll bridges, canals for naviga-
ton, water power, irrigation, mining or other
purposes, public, private, municipal, or domes
tic, either in the Territory of Arizona, CT il
such other states and territories, or foreign
countries, as said company may from time to
time deem expedient, and for that pur ,ose to
undertake the construction and erection OF
railroads, turn pixies, railroad bridges, toll
bridges, canals, dams, fumes reser oirs, tanks,
bitches, aqueducts, sewers, hydrants, or other
hydraulic appliances rs cessary for carrying on
and transacting said business Said company
shall also be authorized and empowered to IN
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 ard heredita-
ments, water and water rights, and rights to
use of water for water power, mining, manu-
featuring, irrigating, or any other lawful pur-
pose And said company shall be fully author
lied and empowered to sell, lease, lent
or otherwise dispose OF any of said
lands, tenemsnts, 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 bridges, canals, dams, fumes, re-
servoirs, bitches, aqueducts, sewers, or any
other erections, constructions or buildings
necessary or exIedient to enhance the value
thereof, or to improve the same; and in like
ma inner, and to the same extent, said corpora
ton shall be empowered to borrow money
either with 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
property and estate, or any of the same, or any
right or interest therein at pleasure, and in
such manner, and on such terms as such cor
poratlou, or association may determine by or
der OF Its directors, or established by its by
laws, and for that purpose TO make and deliver,
and in like manner accept and receive all
necessary and proper deeds, conveyances,
mortgages, notes, bonds. lease and other con-
tracts or writings obligatory, and to have ana
exercise all the necessary rights, franchises,
muniments, statutes. powers and privilege
necessary to that end.
ana Sucn aSsOclatlOt, 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 aid cor
poration, and in carrying on and transacting
the business for which 1t is incorporated.
ARTICLE "
The amount of capital stock authorized is the
I'm of Fifty Thousand Dollars (s50,oO0,) and
the same shall be divided into ten thousand
100000 shares of Fifty Dollars (s50) each, which
shall be paid in at the times and on the con-
ditions as follows:
The capital stock OF the CT rporahon shall be
issued for cash, or for work and materials per
formed or furnished or other property con-
veyed or assigned to said corporation, and 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 Doth day OF March, one
thousand eight hundred and ninetysix QS96,l
and the same shall continue in existence, IN
less dissolved or the time further extended
for the period OF twenty-five C5) years from
that date.
ARTICLE VII.
The officers OF said corporation to conduct Its
affairs shall consist of Board of Directors OF
ors, the number of directors to be fixed and de-
termined bv the bylaws to be adopted at the
first annual meeting of said corporation. until