Arizona republican., 1900-09-19

canal company. and the principal place of transacting its business shall be in Maricopa county. Arizona, and it's principal office shall be in Phoenix. Maricopa couRy, Arizona; provided that said corporation may also trans act any business and have an office in such other place or places as i,s board of directors may by resolution direct or pr= scribe. The time of the commence ment of this corporation shall be the time of the filing of these articles of in c1rpordT ? in the office of the county ra- order of Maricopa county. Arizona. and the termination thereof shall be twenty-five years thereafter.
 ARTICLE IIL
 The general natura of tba business proposed to be transG cted by this cor poration is that of owning lands. ap- Dropriating waters from natural streams for the purpose of irrigation and 6o,-:estic purposes. and for the pur- bose of conveying the same to users thereof for a beneficial purpose; also constructing. maintaining and operat- ing canals, dams. ditches. reservoirs and acQueducts and such other strC"- lures and appliances as may be neces- sary and useful in turning. conducting. controlling. holding and regulating the flow Of water for irriga ton, and any other purpose for which the same may be put to a beneficial use: to acquire by location or purchase. or in any other la aWful manner whatever, lands and water, water righis. franc'lisas. dams. canals. ditches and conduits reser- Voirs and such other structures and appliances as may be deemed neces- sary. convenient or useful for the managing and operating of said canals. lands and the water appropriated for the uses herein mentioned: also to sell and convey water rights in it's canals or canals used to furnish and deliver to persons owning stock or water rights in this corporation water for any beneficial use for which such persons may desire the same: also to deal in all kinds of real and personal prop erty including the ownership of stocks in other corporations also to hold, cul- tivate. acquire. prove up from the the United States government and use and enjoy real estate. and sell lease, demise and dispose Of the same. or any part thereof. as well as any other property I1a' IilS corporation may HOW or hereafter own. And said corpora ticn may borrow money and contract to pay the same at such time or times end a such rate of interest as its board of directors deem proper and may hypothecate. mortgage or pledge all or any part of the property of this corporation. and all or any part of the property that this corpora ton may | l,., e. -f-E %I,n ment of any money or moneys. with in terest. as said board of directors of the corporation shall or may from time to . time deem advisable to borrow, and may secure the payment of any debt of this corporation by mortgage or other wisa. and agree to pay such interest thereon as the board of directors of this corporation may from time to time deem advisable. And said corporation may do any and all acts incident to the powers and businesses herein men toned. to the same extent as they could or might be done by natural person.
 ARTICLE "
 The amount of the capital stock of this corporation shall be $500. GOO. di- vided into 5000 shares If $1OO each; and the times when and the conditions upon which said capital stock shall be paid in are as follows: Upon making subscription therefor. or within 90 days thereafter. the whole amount of the stock which shall be subscribed shall be i raid either in ash or in property. Any person making 2 subscription for stock in this corporation who neglec;s upon i proper demand being made. to pay for the same. for thirty days thereafter. shall forfeit the right to pur- chase such stock. All stock is~ sued by this corporation shall. before 1 the same is issued. be fully paid, and shall be -assassable thereafter. The ] certificates of stock and the water rights to be used and conveyed by this corporation shall be in such form as
 may be prescribed by the board of di- rectors-
 ARTICLE Y.
 The highest amount of indebtedness or liability to which this corporation is at any time to be subject or to subject itself IS the sum of S200 0OO
 ARTICLE VI.