Arizona republican., 1896-05-06

shall also be authorized and empowered to un- dertake the construction, erection and equip ment of telegraph and telephone lines, and to use and operate the same, and for that purpose, and to tl\at 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 ized and empowered to sell, ltase, rent or otherwise dispose of any of said lands, tenements, hereditaments ap- purtenances, water, water rights, 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, ditches, aqueducts, sewers, or any other erections, constructions or buildings necessary or expedient to enhance the value thereof, or to improve the same and in g 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 ill such manner, and on such terms,as such cor poratiou, or association may determine by or der of It's directors, or established by it's 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 aic i-l,l ,le oI,; muniments, statutes. powers and privileges necessary to that end
 And such association. or corporation, is authorized to loap money and funds to secure such loaus 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 poration, and in carrying on and transacting the business for which 1t is incorporated
 ARTICLE V.
 The amount of capital stock authorized is tt @ um of Fifty Thousand Dollars (s5O000,) and the same shall be divided into ten thousand 100000 shares of Fifty Dollars (s5o) each, which shall be paid in at the times and on the con- ditions as follows:
 The capital stock of the co operation sball be issued for cash, or for work and materials per formed 1QrulSneQ, or Otner property con- veyed or assigned to said corporation, and the same shall be issued fully paid up and non accessible.
 ARTICLE VI
 The time of the commencement of said cor poration shall be the 20th day of March, one thousand eight hundred and ninety.six OS96 ] and the same shall continue in existence, un- less dissolved, or the time further extended, for the period of twenty Ve (25) years from that date.
 ARTICLE VII.
 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 which time the incorporators shall constitute the first board of directors.
 The merbers of the fitSt Board of Directors are as follows: Hiram C. T1uesdale, James W. Lawrence and Frank L. Donkey.
 The annual meeting of stockholders shall be held on the first Tuesday of April, of each year, or some othertdate to which said meeting may be adjourned.
 ARTICLE VIII.
 The officers of said corporation shall be: Presto ent, Vice-President Secretary and Treas.