Arizona republican., 1901-06-09
ARTICLES OF INCORPORATION
 OF GlLA 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- pose Of engaging in the transaction or the business hereinafter mentioned, do make, sign and acknowledge. according to law, these articles of incorporation.
 Article 1.
 The names of the incorporators of this corporation are C. F. Ainsworth. $, M. McCowan. w. c. Foster, John Stevens and J. w. Gift.
 Article 2.
 The name assumed by this corpo- ration and by which it shall be known is CHA WATER COMPANY: and it's principal place of traEsacting business IS and shall be in the city of Phoenix, Maricopa County. Arizona Territory. Said corporation may transact business and have an office at Gila Bend. in said County and Territory, and at such other 'plaCe or places as its board of 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- corpora ton Tn the office of the County Recorder of Maricopa County, Arizona Territory. and the termination thereof snail be twenty-five years thereafter. unless the :dme be continued as pro- vided 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 ditcheg, and of appropriat- ing any of the unappropriated waters of the Gila River for tha 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 it shall hereafter own or construct for such amount of water as it may appropriate of the un- appropriated waters of said Gila River. Said corporation shall also have the power to buy and sell water and th" use thereof: also to locate. or in any other lawful manner acquire real estate, and sell and dispose 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. cluGiug the stock of other corporations. It may also own, control, manage and operate all kinds of machinery to be driven or operated by water power. It shall be author ized to borrow money and contract to repay the same at such time or times and at such rate of interest az it's board or directors may deem proper. And it shall have the right to hypothecate mortgage or pledge all OF any part oi 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 4.
 The amount of the capital stock of this corporation shall be one million dollars C1,000,O ,OO0) divided into ten | thousand shares of the par value of one hundred dollars (sl00) per share and the times when and the conditions upon which said capital stock is to be paid in are az follows: On making ths | 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 beer fully paid either in money or in prop erty, and the same when so issued shal be non-a -aasessable thereafter.
 Article &
 The highest amount of indebtedness , or liability to which this corporation shall at any time subject itself or be | subjected is the sum of six hundred and fifty thousand dollars Cs650, ,00O). Article G.
 The stockholders of this corporation and their private property shall be ex. empt from the corporate debts of ths corporation
 Article 7
 The affairs of this corporation shal be conducted by a board of directors l consisting of five stockholders, who sball be elected annually by the stock. holders on the second Monday in Jan. uary of each year Said directors shall hold their offices for the term of one year from the date of election and unti the.r successors ahlll bs duly eiectsd