Arizona republican., 1901-06-08
ARTICLES OF INCORPORATION
 OF CHA WATER COMPANY.

We whose names are hereunto sub- scrlbed, desiring to incorporate our selves under the provisions of the laws of the Territory of Arizona for the pur- nose of engaging in the transaction or the business hereinafter mentioned, oo make. sign and acknowledge, according 10 law, these articles of incorporation
 Article 1.
 The names of the incorporators oi this corporation are C. r. Ainsworth. \. NJ McCowan. w. c. Foster. John Stevens and J. w. Gift.
 Article ?.
 The name assumed by this corpo- ration and by which it shall be known is CHA WATER COMPANY and it's principal place of traLsacting business IS and Shall be in the city of Phoenix, Maricopa County. Arizona Territory. Said corporation may transact business and have an ofiire at Glla Bend, Tn said County and Territory, and at sucn other place or places as its board o' directors may deem convenient or ad- visable. The time of the commence ment of this. corporation shall be the day of the filing of these articles of in- corporati ton In the office of the County Recorder of Maricopa County. Arizona Territory. and the termination thereof shall be twenty-five years thereafter, unless the same be continued as pro- yided by law for the continuation of such corporations.
 Article 3.
 The general nature of the business proposed to be transacted by this cor poratiOn is that of constructing or owning. by purchase or otherwise. and maintaining and operating dams, canals and ditcheS, and of appropriat- ing any of the unapproprlated waters of the Gila River for the purpose of delivering the same for Irrigation or other beneficial use to persons owning stock or water rights in It's said canal. Said corporation shall have power and authority to sell to persons water rights in the canal which 1t shall hereafter own or construct for such amount of water as 1t may appropriate of the un- appropriated waters of said Glla River. Said corporation shall also have the power to buy and sell water and the use thereof; also to locate, or in any other lawful manner acquire real estate. and sell and GispOse of the same | In such manner as such corporation may deem advisable, and also any and all other kinds of property. real. per sonal and mixed, including the stock of other corporations. IL may also own. control. manage and operate all kinds of machinery to he driven or operated | hx. tor gh hn a,tth hnr ized to borrow money and contract to repay the same at such time or times | and at such rate of interest a" it's board of directors may deem proper. And it shall have the right to hypothecate, | mortgage or pledge all OF any part of its property which it now owns or may hereafter acquire to secure the pay ment of any money or moneys bor- rowed or owed by t. as it's said board of directors may deem advisable. Article {.
 The amount of the capital stock of this corporation shall be one million dollars (sl.OOO,OoO) divided into ten | thousand shares of the par value of one hundred dollars Cs10O) per share; and the times when and the conditions upon which said capital stock is to be | paid In are as follows: On making the subscription therefor the amount sub scribed shall be paid in either in cash or in property and no stock shall be | issued until the same shall have been | fully paid either in money or in prop erty, and the same when so issued shall be non -assessable thereafter.
 Article 5.
 The highest amount of indebtedness or liability to which this corporation shall at any time subject itself or be