Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1899-08-06

teIanoe Of a water works plant for tn
stapillying of water for the purpose O
/ irrigation, manufacturing and domes
tic use, to cities and towns and private
citizens and for that purpose to own
acquire, purchase and dispose of. can
ais. dams, reservoirs. irrigation ditche,
and sources of water supply. and any
aid all sites for reservoirs, plants ara
rfghts-of-way for the construction. op
Grafton and maintenance of canals
dams. water works. reservoirs and dc
any and all acts proper, necessary OF
convenient in the conduct of said
business: and to sell. mortgage. lease
or dispose of the same.
). To engage in the real estate bust
ness. and for that purpose to acquire
by purchase. gift grant de.
viss. aud any AID all q her
lawful means. and to mort
gage. sell. convey. lease, bond and
otherwise dispose of. real estate of any
and ali kinds; to construct and main
! tain residences and stores thereon. and
generally to lay out and improve the
| sp3il9e. and in this business to acquire
and dispose of lands for the purpose of
town sites, and to lay the same out
/ into town sites, dedicating therein
streets. alleys. public highways. parks
and lands devoted to other public pur-
poses.
6. To engage in the business of con
| structirg. operating. maintaining and
disposirg of saw mills and all kinds of
| tim Der and lumber for any and all pur-
! poses to which the same may be de-
voted or used. and to own. acquire and
dispose of, in any lawful manner all
timber lands ard plants of saw-mill
and other machinery for that general
purpose; and generally to do and per
form any and all acts that shall by the
Board of Directors he deemed proper
necessary or reasonable 10 the eXecu-
ton of each and all of the said sever
ri purposes of enga gilg in the mining
business railroad business. water com
pany business. smelling business and
| real estate business, including the
right to consolidate the stock, proper
ty and franchises. or any part thereof.
of either one or all of the said business
eS with that of any other company or
corporation lawfully authorized to con.
Solidate the same; also to mortgage the
estate property and franchises, or
any part of them. of part or all of any
one or all of the said kinds of business,
as 10 the Board of Directors of the said
company shall seem necessary, prop
er or convenient.
Fourth: The amount of the capital
stock of the said company Shall be
one million dollars ($1OG0,00O divided
into one hundred Thousand 100000
shares, of the par value of ten dollars
$50 each, and the same shall be i'm
medfately paid in in full by the con
veyance to the said company
of those certain fifteen, 90 mining
claims comprising what is known as
the Osborn group of mining claims
more fully described in the location
certificates thereof filed for record and
recorded in the Clerk and Recorders
office Of said Mdricopa county. Terri
tory of Arizona.
Fifth: The time of the commence
ment of this corporal ton shall be the
tins of the filing of these Articles of
Incorporation in the office of the re-
corder of the county of Maricopa, in
the Territory of Arizona, aforesaid,
and the termination of the life of the
said corporation shall be at. the eXpir-
alton of twenty-five go years next
thereafter, with full power on the part
of this corporation to renew its corpo-
rate existence from time TO time. as
lis Stockholders shall, in pursuance of
law. determine.
Sixth: The business, affairs and
property interests of said corporation
shall be managed and controlled by a |
Board of five 90 Directors. of whom
Francis l. Weston, George d. NIeston. |
John E. Price. Joseph W. Parker and |
Samuel ID. Trimble shall comprise the
first board. who shall hold their office
until the second Tuesday in February
A. D., 1900. and until their successors
shall be thereafter annually elected. |
The said Board of Directors and the
members thereof shall have full power
and authority 10 fill all vacancies that
may occur in said board through
death, resignation. inability to serve.
or other agency. as may be determin-
ed from time TO time by the bylaws
of said company.
Seventh: The highest amount of
or liability to which the
said corporation shall.at any time sub
ject itse.f, is fifteen Thousand dollars
($15.C0O in lawful money of the Unit
ed States
Eighth: The shapes of stock of the +
said corporation shall enon-assessabIa
and the private property of its stock
holders shall be exempt from any and
all liability for the payment of any and
all indebtedness of the said corpora
tion
Ninth: The Board of Directors OF
the said comany shall have full power
to adopt from time to time such pru-
dental bylaws for the government OF
the said company as they may deem
eXpedient and the said board shall al
SO have authority to hold meetings of Y
the Board of Directors beyond the
of the Territory of Arizo-
M.
In witness whereof. we have here,
unto set our hands and seals this 31st
day of I1lIU u 1900