The Arizona sentinel. [volume] (Arizona City [Yuma], Yuma County, A.T. [Ariz.]) 1872-1911, 1896-01-04

NAME.-The name of this Corporation,
and by which it shall hereafter be known,
and the principal place for the transaction
of its business is at Palomas, in Yuma
County, Arizona Territory.
SECOND.
| BUsINEsS.-The general nature of the
business proposed to be transacted by this
Corporation, is to construct and maintain
an irrigating canal, heading on Section 20,
Township 5, south of Range 10 West, in
Maricopa County, Arizona Territory, and
thence running in southwesterly direction
to Section Is, in Township 6, south of
Range 13 West, Gila and Salt River Meri-
dian, or to such other points as may be
practicable; also to construct and maintain
canals, mains, fumes, dams, reservoirs,
and supply channels for the purpose of
conducting, storing and distributing water
for irrigating lands, watering stock and for
domestic and other purposes, and for the
purpose of selling and leasing water, and
water-rights for irrigation and other useful
purposes, and to do and transact any and
all kinds Of business that may or might be
done by natural person, that may be
necessary to carry out the objects of this
Corporation.
CAPITAL SToCK.-The amount of the capi-
ldl SUCK OI lIllS SIldll D6 f1II66n
Thousand Dollars ($l5 ZOO, ,000), divided into
100 shares of the par value of one hundred
and Twenty-Five Dollars (St26.00) each. The
shares of stock of this Corporation shall be
non -assessable, except to maintain the
canal and for such material and necessary
expenses as shall be required in the first
of the canal. The stock shall
be paid in at the time and under the con-
ditions ordered and authorized by the
Board of Directors of the Corporation.
FOURTH:
WATER-RIGHTs.-The owners of shares of
stock at the time Of the adoption of the
Amended Articles of Incorporation, shall
be entitled to one water-right for forty
acres of land for each share of stock
owned. This water-right shall be affixed to
land, under the canal of this Corporation,
as required by resolution of the Board of
Directors of the Corporation, and if the
same is not so affixed by the owner thereof
to land designated by him, the same shall
be considered as transferred to this Corpora
ton, to be disposed of by it to holders of
land under the canal, at such price as the
Board of Directors may fix, the proceeds of
such sales to be applied as heretofore pro-
vided by resolution of the Board of Direct
ors, and approved by the stockholders of
this Corporation, at a meeting of the stock
holders held December 21st, 1895.
FIFTH.
DURATIoN.-The time of commencement
of this Corporation shall be the day when
the original Articles OF Incorporation were
filed in the office of the county recorder of
the County of Yuma, Arizona Territory,
and shall terminate fifty wears thereafter.
SIXTH,
AMOUNT OF LIABILITY. The highest
amount of liability or Indebtedness, direct
or contingent, to which this Corporation is
at any time to be subject is the sum of
Twelve Thousand Dollars ($l2, 2,0O0.00).
SEVENTH.
OFFICERs.-The affairs of this Corporation
are to be conducted by the following of
ficers, to-wit: BY board of five directors
of whom one shall be president, one she'll
be vice-president, and one shall be treasurer
secretary who is to- be elected by the
Board Of Directors. ~
The Board of Directors shall be elected
annually by the stockholders at the regular
annual meeting to be held the last Thursday
in March of each year, and shall hold office
for one year and until their successors are
elected and qualified. The present Board
of Directors and Officers shall continue in
office until the next annual meeting, and
until their successors are elected and quail
fed. The above mentioned directors are,
E. F. Snider, John B. Martin, w. w. Low,
D. V. Carter and Thomas Underhill.
The Board of Directors is to elect at their
first meeting out of thier own number the
other officers hereinabove mentioned, except
the secretary, who is to be elected by the
Board of Directors, but need not be a MEM
ber thereof. The officers selected are to
hold office one year, and until their suces-
sors are elected by the next incoming
Board of Directors.
All officers shall be stockholders of this
Corporation, and no person shall be eligible
to office unless he be stockholder of the
to be stockholder, his office shall be de-
clared vacant.
EIGHTH.
EXEMPTIoN.-The stockholders of this
Corporation and their private propertv
shah be exempt from the corporate dGbtss Of
this Corporation.
In Witness Whereof, E. +. Snider, the
president, and ]. Fred Nottbusch, the sec
retary of the Farmers Irrigating Canal
Company, for and on behalf of the stock
holders of said Corporation, and as en-
powered and directed to do so by resolution
adopted at meeting of said stockholders,
held on December 21st, 1895, have hereunto
placed their hands and seals this 9th, dav
of December, 1895, at Palomas, Yuma
County, Arizona Territory.
E. f. SNIDER. President. TSeall
j. FRED NoTTBUsCH, Secretary. Seal
TERRITORY OF ARIZONA,l
COUNTY OF YUMA. o.
Before me, James III. Kinsler, a Notary
Public in and for said County of Yuma. on
this day personally appeared E. +. Snider,
and j. Fred Nottbusch, knowing to me to
be the same persons whose names are SUBJ
scrlbed to the annexed instrument and
acknowledged to me that they executed the
ND L