Arizona republican., 1896-05-10

shall also be authorized and empowered to un- deTtake the construction, erection and ea>.iD- 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 aud 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 ized and empowered to sell, | ase, rent or otherwise dispose of any of said lands, tenemsnts, hereditaments CT 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, ditches, aqueducts, sewers, or any other erections 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 tion 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, tsne- ments and hereditaments, real and personal
  right or interest therein at pleasure, and in l such manner and on such terms as such cor poration, or association may determine by or der of Its directors, established by it's by laws, and for that purpose to make and deliver, and in like manner accept and receive Ill 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, CT corporation, is 1 authorized to loan money and funds to secure | such loans by mortgage or other security, and to do and perform any and all things lnciden tai to or expedient for the best interest of said cor poration, and in carrying on and transactin g the business for which 1t is incorporated. ARTICLE V. The amount of capital stock authorized is the um of Fifty Thousand Dollars (s50. .GG1,) ard the same shall be divided info ten thonsaI:d | (000O 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-
 
 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 and ninety-six QS96, j | and the same shall continue in existence, un- l less dissolved, or the time further extended
 for the period of twenty-five (25) years from 1 that date.
 | ARTICLE VII. | The officers of said corporation to conduct its affairs shall consist of Board of Directors of | not less than three, nor more than nine direct | ors, the number of directors to be fixed and de- | termined by the bylaws to be adopted st the | first annual meeting of said corporation. until
 which time the ineorporators shall constitute | the first board of directors.
 | The merbers of the first Board of Directors
 are as follows: Hiram c. Truesdale, James ". 1 Lawrence and Frank L. Conkey. l The annual meeting of stockholders shall be | held on the first Tuesday of April, of each year or some othersdate to which said meeting may | be adjourned.
 l ARTICLE VIII. | The officers of said corporation shall be | President, ice-President secretary and Treas