Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1896-04-24
To make and enter into contracts for the

To make and enter into contracts for the
purchase of and the purchase OF mines or
mineral lands or the location or purchase of
any other lands, and for the DEVELOPMENT
thereof; it shall also be authorized 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 bose to
undertake the construction and erection OF
railroads, turn-pikes, railroad bridges, toll
bridges canals, dams, fumes reserv oirs, tanks,
bitches, aqueducts, sewers, hydrants, or other
hydraulic appliances necessary for carrying on
and transacting said business. Said company
shall also be authorized and empowered to IN
dertake the construction, erection and equip
ment of telegraph and telephone lines, and to
use and operate the same, and for that purp pose,
and to that end, shall be empowered to buy,
lease, rent or otherwise acquire, appropriate,
enjoy and use lands, tenements and 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
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,
| manufacturing, irrigating 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, aqueducts, sewers, or any
| other erections, constructions or buildings
necessary or expedient to enhance the value
| thereof, or to improve the same: and in a 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 Entertainments, 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, 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. 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 expedient for the best interest of aid cor
| poration, and in carrying and transacting
| the business for which 1t is incorporated.
AR11CLEv.
The amount of capital stock authorized is the
sum of Fifty Thousand Dollars (s5O,00O,) and
| the same shall be divided into ten thousand
100000 shares of Fifty Dollars ($50) 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 nom
| assessable.
| ARTICLE VI
| The time of the commencement of said cor
poration shall be the Goth day of March, one
| thousand eight hundred and ninety-six QS96,J
and the same shall continue in existence, I'M
| less dissolved, or the time further extended,
for the period OF twenty-five (25) years from
\ that date.
| 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 at the
| first annual meeting of said corporation. until