The Arizona sentinel., 1896-01-25
SECOND.

DECOND.
 BUSINESS. general nature of the business proposed to be transacted by this Corporation, is to construct and maintain in irTigating canal, heading on Section % Township g. south of Range 10 West, in Maricopa County, Arizona Territory, and thence running in a sOuthWeSterlv direction to Section Is, in Township 6, south of Range B 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- tai stock of this Corporation shall be Fifteen Thousand Dollars ($l5, ,000), divided into 120 shares of the par value of one hundred and Twenty-five Dollars ($125. .OO) each. The shares of stock of this Corporation shall be except to maintain the canal and for such material and necessary expenses as shall be required in the first of the canal. The stock shall be paid in at the time and under the con- ditions ordered and authorized by the Board Of Directors of the Corporation.
 FOURTH.
 WATER-RIGHTs.- owners of shares of stock at the time of the adoption of the Amended Articles of Incorporation, shall be entitled to one Water-right for forty acres of land for each share of stock owned This water-right shall be affixed to land under the canal of this Corporation as required by resolution of the Board of Directors of the Corporation, and if the same is not so affixed by the owner thereof to land designated by him, the same shall be considered as transferred to this Corpora tion to be disposed of by it to holders of land under the canal, at such price as the Board of Directors may fix the proceeds of such sales to be applied as heretofore pro- vided by resolution of the Board of Direct ors, and approved by the stockholders of this Corporation, at a meeting of the stock holders held December 21St, 1895.
 FIFTH.
 DURATIoN.-The time of commencement Ol his Corporations shall be the day when tn. original Articles of Incorporation were fileu in the office of the county recorder of the County of Yuma, Arizona Territory, and shall terminate fifty years thereafter.
 SIXTH,
 AMOUNT OF LIABILITY. The highest amount of liability or indebtedness, direct or contingent to which this Corporation is at any time to be subject, is the sum of Twelve Thousand Dollars ($l2 100000.
 SEVENTH.
 OFFIcERs.-The affairs of this Corporation are to be conducted by the following of fD EKrit hOn q l,Nffi T of whom one shall be president, one shall be vice president, and one shall be treasurer of this Corporation. There shall also be a 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 fled. The above mentioned directors are, E. F. Snider, John B. Martin, w. w. Low, D. V. Carter and Thomas Underhil. 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 Der 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 Corporation, and hereafter if officer ceases to be a stOckholder, his office shall be de- clared vacant.
 EIGHTH.
 EXEMPTIoN.-The stockholders of this Corporation and their private property shall be exempt from the corporate debts of this Corporation. In Witness Whereof E. F. Snider, the president, and J. Fred NOttbusch, the sec retary of the Farmers Irrigating Canal Company, for and on behalf of the stock holders of said Corporation, and as em- powered and directed to do so by resolution adopted at a meeting of said stockholders, held on December 2lst 1895, have hereunto placed their hands and seals this 27th day of December, 1895, at Palomas, Yuma County. Arizona Territory.
 E. F. SNYDER. President. TSeall
 J. FRED NoTTBUsCH, Secretary. Seal TERRITORY OF ARIZONA,l au
 COUNTY OF YUMA. SS' Before me, James H. Kinsler, a Notary Public in and for said County of Yuma on this day personally appeared k. F. Snider, and J. Fred Nottbusch, knowing to me to be the same persons whose names are sQb- ! scribed to the annexed instrument and