Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1896-04-28

To make and enter into contracts for the
purchase of and the purchase OF mines or
miner ii lands or the location or purchase OF
any other lands, and for the develormenI
thereof; it shall also be authorized to construct
or otherwise acquire railroads, railroad bridges,
toll roads and toll bridges. canals for navlga-
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 ard 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 reser oiTs, tanks,
bitches, aoueducts, sewers, hydrsnts, OR other
hydraulic appliances necessary for carrying Oh
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 purpose,
| and to that end, shall be empowered to buy,
lease, rent or otherwise acquire, appropriate,
| enjoy and use lands, tenements aud 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
| lied and empowered to sell. lease, rent
or. otherwise dispose OF any OF said
lands, tenements, Entertainments or sp-
| purtenances, water, water rights, or rights
to the use of waterf for power, mining,
manufacturing, irrigating 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, aqueducts, sewers, or any
| other erections, constructions or buildings
necessary or expedient to enhance the value
thereof or to impro re 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 Entertainments, real and personal
| property and estate, or any of the same, or any
right or interest therein at pleasure, and in
such ma nner, and on such terms sas 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,
muniments, statutes. powers and privileges
necessary to that end.
! And such association, or cor poration, is
authorized to lean 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 laid cor
porat1on, and in carrying on and transaetin g
the business for which 1t is incorporated.
ARTICLE V.
The amount of capital stock authorized is the
sum OF Fifty Thousand Dollars (s5O.0O0,) and
the same shall be divided into ten thousand
100000 shares OF Fifty Dollars (s50) each, which
shall be paid in at the times and on the con-
iitions as follows:
The capital stock of the C rporation 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 Goth day of March, one
thousand eight hundred and ninety-six 1885,
and the same shall continue in existence, I'M
less dissolved, or the time further extended
for the period of twenty i've (20 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