Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1899-07-30

mechanical agricultural. domestic or
humanitarian use, or use of animals;
2. To appropriate, develop, i'm
pound, obstruct, divert. convey, con-
struct, use, supply or distribute wafer
for any useful or beneficial purpose
and to acquire, own, operate, use, sell.
rent, lease, cucumber, dispose of or
redeem water nights or rights to the
control or use of water initiated,
owned or controlled by others;
3. To reclaim land by the use of
water;
4. To acquire, own, cultivate, de
velop, sell, rent, lease, cucumber dis
pose of or redeem lands, uenements or
hereditaments and any real, personal
or mixed property, or rights in the ma
ture of property, including sites, To-
cations and rights of way in fee or by
easement or otherwise.
3. And generally to undertake and
carry on any business, undertaking,
transaction or operation commonly
carried on or undertaken by irrigation
companies, water supply companies,
or water power companies, and any
other business which may seem to the
company capable of being convenient
Iy carried on in connection with the
above or calculated either directly or
indirectly to enhance the value of or
render profitable any of the company's
property or rights;
To enter into contracts with any
other company or companies, or per-
son or persons for the foregoing pur-
poses;
To do all or any of the aforesaid as
principal. agent, contractor, trustee
or otherwise, and that by or through
trustees, agents or otherwise, and
either alone or in conjunction with
Others;
To amalgamate or unite with any
other company altogether or in part
similar in its objects or purposes to
this company;
To borrow or raise money by mort
gage or on bonds, debentures, accept
ances, promissory notes or other Sc
curittes, or property of the company
or any part thereof; and to provide
for the repayment thereof and interest
thereon, by the creation of a sinking
fund or otherwise, and to do all such
things as are incidental or conducive
to the attainment Of the above OBJ
jects.
ARTICLE III.
The capital stock of this corporation
shall be sixty thousand dollars, di
vided into six hundred shares of one
hundred dollars each; and the com
pany shall have power to increase,
subdivide, classify or reduce the cap
ital for the time being by the amend
ment of these articles and to raise the
whole or any part thereof or any in
creased capital at a premium or
tor itrz
ilege, or other advancement or post
ponement. The board of directors
may at their discretion and are hereby
authorized to make water sufficient
from time to time for the proper irri-
cation of ten acres Of land, and not
exceeding one six-hundredths part of
water, to be diverted at the HaggaTd
and Ivy head from the Salt river, in
cidenfal and appurtenant to each
share of the cOmpany's capital stock
or to such portion thereof as the board
of directors may by resolution deter
mine. but the land to be- irrigated
thereby must be promptly and perma-
nently specified. Capital stock shall
be subscribed for, sold, issued and the
price thereof paid in at such times for
such prices and upon such terms and
conditions as the board of directors
shall from time 10 time by resolution
direct,
Provided, however. that the pur-
chase price of all stock shall be fully
paid before the certificates therefor
shall be issued, and all stock shall be
issued fully paid and worcestershire.
ARTICLE ".
The time of commencement of the
oh o1 ho h. oE
May, A. d., 1899, and its termination
at the end of fifty years from the date
of commencement.
ARTICLE V.
The affairs of the corporation shall
be conducted by a board of three di-
rectors to be elected yearly at the
regular annual meeting of the stock
holders. All directors shall be stock
holders in their own night.
The officers OF the corporation shall
be president, vice-president, secretary,
treasurer, attorney and such other as
the board of directors may Ordain.
More than one office may be held by
the same person. The president and
vice-preSidenC shall be members of the
board of directors. Until the election
in the year 1900 the officers shall be
as follows: President, N w. Hag-
gard; vtce-president. Fred F. Camp
bell; treasurer, J. H. Ivy
ARTICLE VI.
The highest amount of indebtedness
or liability to which the corporation
is at any time to subject itself shall
be twenty thousand dollars
ARTICLE VII.
The private property of the stock
holders of the corporation shall not
IN any event be liable for the debts of
the corporation
ARTICLE VIII
Regular meetings of the stockhold-
ens of the corporation shall be held
annually on the second Tuesday in
January in each year at one O'Clock p.
m. and, at each annual meeting or adj
journment thereof, the stockholders
Shall elect board of directors who
shall organize by selecting the officers
lfOTeS3 nj TT0til tho rppI1Iar an1uqI