Arizona republican., 1896-05-08

shall also be auth orized 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 that end, shall be empowered to buy, lease, rent or otherwise acquire, appropria ate, enjoy and use lands, tenements and heledita- ments, water and water rights, and rights to use of water for water power, mining. ranu- featuring, irrigating, or any other lawful pur- pose. And said company shall be fully author ized and empowered to sell, lease, rent or otherwise dispose of any of said lands, tenemsnts, 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, ditches, aqueducts, sewers, or any other creations, 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 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
  right or interest therein at pleasure, and ill such manner. and on such terms'ras such cor poration, 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 cln- tracts or writings obligatory, and to have and loy Q ricbt muniments, statutes. powers and privileges necessary to that end.
 And such association, CT cor poration, 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 said cor poratiOn, and in carrying on and transactin g the business for which it is incorporated
 ARTICLE
 The amount of capital stock authorized is the
 um of Fifty Thousand Dollars (s5O,0OOD and the same shall be divided into ten thousand 100000 shares of Fifty Dollars (S5o) each, which shall be paid in st the times and on the con- ditions as follows:
 The capital stock of the ci operation 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 l assessable.
 ARTICLE VI.
 The time of the commencement of said cor poration shall be the 10th day of March, one | thousand eight hundred and ninety-six Qs96,) and the same shall continue in existence, un- less dissolved, or the time further extended, l for the period of twenty. five (25) years from 1 that date.
 ARTICLE VII.
 l 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. OTIS, the number of directors to be fixed and de- | termiIed 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.
 l The merbers of the fist Board of Directors are as follows: Hiram c. Truesdale, James ". Lawrence and frank L. Conkey. | 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 1 be adjourned.
 ARTICLE VIII. The officers of said corporation shall be: Presto ent, Vice. President secretary and Treas