Arizona republican., 1896-04-30

mineral lands CT the location or purchase Of
any other lands, and for the DEVELOPMENT
thereof; it shall also be author'zed.to construct
or otherwise acquire railroads, railroad bridges,
toll roads and toll bridges, canals for naviga-
ton, water power, irrigation, mining or other
purposes, public, private. municipal, or domes'
tic, either in the Territory of Arizona, or in
such other states and territories, or foreign
countries, as said company may from time TO
time deem expedient, and for that pur ,ose to
undertake the construction sud erection OF
railroads, turn-pikes, railroad bridges, toll
bridges, canals, dams. fumes reser' olrs, TANKS,
bitches, aqueducts, sewers, hydrants, CT other
hydraulic appliances necessary for carrying Oil
and transacting said business Said company
shall also be authorized and empowered to I'M
dertake the construction, erection ard equip
ment of telegraph and telephone lines, and to
use and operate the same, and for that pur pose,
and to that end, shall be empowered to buy,
les Sc, rent or otherwise acquire, appropriate,
enjoy and use lands, tenements aid heredlta-
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
lied and empowered to sell, l-ase, rent
or otherwise dispose Of any of said
lands, tenemsuts, hereditaments or 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, bitches, equeducts, sewers, or any
other erections, constructions or buildings
necessary expedient to enhance the value
thereof, or to improve the same; and in like
manner, and to the same extent, said corpora
ton 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
porat on, 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, conveyances,
mortgages, notes, bonds, lease and other con-
tracts or writings obligatory, and to have and
exercise all the necessary rights, franchises,
munimeuts, statutes. powers and privileges
necessary to that end.
And such association. or cor Doration, is
authorized to loan money and funds to secure
such loans by mortgage or other security, and
to do and perform any all all things incidental
to or expedient for the best interest of aid cor
poration and in carrying on and transacting
the business for which 1t is incorporated.
ARTICLE V.
The amount of capital stock authorized is the
tum OF Fifty Thousand Dollars (s5O,COO,) and
the same shall be divided into ten Thousand
100000 shares of Fifty Dollars (s50) each, which
shall be paid in st the times and on the con-
ditions as follows:
The capital stocA of the rporatiOn snail 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 nom
assessable.
ARTICLE vi.
The time of the comm ncement of said cor
poration shall be the Goth day Of March, one
thousand eight hundred and ninety QS96,j
and the same shall continue in existence, un-
less dissolved, or the time further extended,
for the period of twenty-five (25) years from
that date.
ARTICLE VII
The officers of said corporation to conduct It's
affairs shall consist of Il Beard 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 incorporates shall constitute
the first board of directors.
The merbers of the first Board of Directors