The Arizona sentinel., 1896-02-22
SECOND.

l BUSINESS. Tine general nature of the 1 business proposed to be transacted by this Corporation, is to construct and maintain an irri2ating canal, heading on Section % ! Township }, south of Range 10 West in MaricOpa County, Arizona Territory, and thence runningin a sOuthwestery direction ! tu Section IS, in Township 6. south O1 i Range 13 West, Gila and Salt River Meri 1 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 oI conducting, storing and distributing water { for irrigaling lands, watering stock, and fOl 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.
 THIRD.
 CAPITAL SToCK.-The amount of the capi- tai stock of this Corporation shall be Fifteen Thousand Dollars ($I5.000, ,000), divided into 120 shares of the par value of one hundred and Twenty Dollars (Sl25.00) each. The shares of stock of this Corporation shall be non-assessable, except 10 maintain the canal and for such material and necessary
  construction of the canal The stock shall bc paid in at the time and under the con ditions ordered and authorized by the Board of Directors of the Corporation.
 FOURTH.
 WATER -RIGHTs.-The owners of shares Oi stock at the time of the adoption of the Amended Articles of Incorporation, shall be entitled to one Water-rlght for forty acres of land for each share of stock owned. This waterright shall be affixed to land under the canal of this Corporation, as required by resolution of the Board of I)iGeciOTs of the Corporation, and if the same is not so affixed by the owner thereof to land designated by him, the same shall be considered as transferred to this Corpora tion, to be disposed of by it to holders of land under the canal, at such price as the Board of Directors may fix, the proceeds of such sales to be applied as heretofore pro- vided by resolution of the Board of Direct Ors, and approved by the stockholders of this Corporation, at a meeting of the stock holders held December Fist, 1895. FIFTH.
 DURATIoN-Th time of commencement of this Corporation, shall be the day when the original Articles ot Incorporation were filed in the office of the county recorder of the County of Yuma, Arizona Territory, and shall terminate fifty years thereafter.
 SIXTH,
 AMOUNT OF LIABILITY. The highest amount of liability or indebtedness, direct at any time to be subject, is the sum of Twelve Thousand Dollars ($l2, 100000.
 SEVENTH.
 OFF1CERs.-The affairs of this Corporation are to be conducted by the following of 4 D., I 1,.ft, |; 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 tine 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 unt 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 EOld office one year, and until their suces- sors are elected by the next incoming Board of Directors.
 All officers shall be stockholders of thfs Corporation and no person shall be eligible to office unless he be a stockhOIder of the Corporation, and hereafter if officer ceases to be a stOckhOlder, his office shall be de- clared vacant.
 EIGHTH.
 i ExEMPTIoN.-The stockholders of this 1 Corporation and their private property shall be exempt from the corporate debts of | tfiis Corporation.
 1 In Witness Whereof, E. F, Snider the president, and J. Fred Nottbusch, the sec retary of the Farmers Irrigating Canal l Company, for and on behalf of the stock ] holders of said Corporation, and as en- powered and directed 10 do SD by resolution adopted at meeting of said stockholders 1 held on December 2lst, 1895, have hereuntC