Arizona republican., 1896-05-15

dertake the construction, erection and eq, ip- 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 heredits- ments, water and water rights, and rights to use of water for water power, mining, manu- irrigating, or any other lawful pur- pose And said company shall be fully author lzed and empowered to sell, lsase, rent or otherwise dispose of any Of said lands, tenements, hereditaments or ap- purtenances, water, water rights, or rights to the use of waterf for power, mining, 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 creations, 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, 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 poration, 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, convey6nces, 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. 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 expedent for the best interest of said cor porauon, 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 Tho usand Dollars (s50,000,) and the same shall be divided into ten thousand Q0000) 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 corporation 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 10th day of March, one thousand eight hundred ard ninety-six QS96 and the same shall continue in existence, un- less dissolved, or the time further extended, for the period of twenty-five C25) years from that date.
 ARTICLE VII.
 The officers of said corporation to conduct it's 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 at the first annual meeting of said corporation. until which time the incorporators shall constitute the first board of directors.
 The merbers of the fist Board of Directors are as follows: Hiram c. Truesdale, James w. Lawrence and Frank L. Conkey
 The annual meeting of stockholders shall be held on the first Tuesday Of April. of each year, or some other.date to which said meeting may be adjourned.
 ARTICLE VIII.
 The officers of said corporation shall be: Presto ent, Vice President. Secretary and Treas