The St. Johns herald., 1901-04-27
FOURTH.

FOURTH.
 The time of the commencement Of said corporation shall be the date of this instrument. and it shall terminat it's existence in twenty-five years f:Om said date
 FIFTH.
 The affairs of said corporation are tO be conducted by six directors to be e. lected by the stockholders, annually, on the last Saturday in the month Of September, in each year, by majoriry of stock represented at said meeting.
 The first directors of said corporation shall be Isaac Isaacson. J. O. Stradling. D. K. Udall, E. N. Freeman, J. T. Les ueur and Willard Farr, who shall hold office until the regular election on the last Saturday in September, 19Ul, or until their successors in office are duly elected and qualified The other ofie- CTS of said corporation shall be Presi- dent, Vice-President, Secretary and Treasurer, who shall be elected by the Directors from among their numbers, and their duties shall be such as are prescribe hy the by laws of said corporation.
 SIXTH.
 The highest amount of indebtedness or liability to which the corporation is at any time to subject itself is Two Thousand Dollors.
 SEVENTH.
 All private property of stock-holdsr is to be exempt from Sll corporate debts
 EIGHTH.
 The Board of Directors of said Corpo- ration may, and are hereby authorized by an order which shall be made by them and regularly entered in their to levy and collet assessments on the capital stock of said Company ior the purpose of constructing and re- pairing Dams, Reservoirs, bitches, Water-gates, Sluices and all other things and expenses that may be necessary for impounding, storing preserving, and distributing water or any other labor or expense that may De deemed necessary, to sell any share or shares on which there may be any money due by assessment or otherwise, or the purpose of collecting any amount lue at public sale for cash after giving notice of such sale for at least twenty lays prior thereto of the date and hour thereof, which shall be tween the hours of 10 A. NJ and 4 P. NJ by posting three notices of such sale in public places in said Apache county, one of which shall be posted on ;he Courthouse door ef said county or by publishing said notice in some newspaper published in said for said period of twenty days Said notice to be under the seal of said Corporation and signed by the Secretary thereof.
 The proceeds of such sale shall be hrst applied to the costs and expenses of advertising and conducting said sale- the balance to be applied to the amount due on said share or shares, and the re- if any, to be paid to the owner of said share or shares, as the owner is shown to be by the books of said Cor poration.
 The Secretary of said Corporation is to transfer said share or shares to the purchaser thereof at said public sale, on the books of said Cor poration in same manner as if they had been sold voluntarily by the owner or owners thereof to the said purchaser. Said sale shall take place at the prin- eipal office of said Corporation m St. Johns, Apache Co.,, Arizona Territory. In witness whereof We hereuntO sub scribe our names. this the 18th day of March, A. D. 1901.
 Isaac IsaaCson, J.O. -StradIing. David K. Udall E. N. Freeman, J. T Lesueur. Willard Farr. OF ARIZONA. County of Apaehe.... ss.
 Before Chas. Jarvis, Notary Public m and for St Johns Precinct, County OE Apache, Territory oi Arizona, on this day personally appeared Isaac IsaacsOn, J. O. Stradling, D. K. Udall, F. \. Freeman. J. T. Lesueur and Willard Farr; known to me the persons wE"Se names are subscribed to the foregoing instrument, and acknowledged to me that they executed the same for the purposes and consideration therein ex- pressed.
 Given under my hand and seal Of office this 18th day of March A D. 1901.
 Chas JaTvrS, t SEAL Notary Public