Arizona republican., 1901-06-11
ARTICLES OF INCORPORATION
 OF CHA WATER COMPANY.

selves under the provisions of the laws of the Territory of Arizona for the pur- pose of engaging in the transaction of 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 arg C. r. Ainsworth. s. NJ. McCowan, w. C. Foster, John ;. Stevens and J. w. Gift.
 Article ?.
 1 The name assumed by this corpo- ' ration and by which 1t shall be known is CHA WATER COMPANY; and it's principal place of trarsacting 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 inent of this. corporation shall be the day of the filing of these articles of in corporation 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- vided by law for the continuation of such corporations.
 Article ,.
 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 unappropriated waters of the Gila River for the purpose of delivering the same for Irrigation ar 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 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 tho 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, including the stock ol 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 tc repay the same at such time or time: and at such rate of interest as its board of directors may deem proper. And il shall have the right to hypothecate mortgage or pledge all or any part ot 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 It. as it's said board of directors may deem advisable.
 Article 4.
 The amount of the capital stock o this corporation ahall be one million ' dollars ($l.000O00) divided into ter thousand shares of the par value o one hundred, dollars (sl0W per share and the times when and the condition! upon which said capital stock Is to b, paid In are as follows: On making tn. subscription therefor the amount sub scrlbed shall be paid in either in casf or In property. and no stock shall b, 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-aasessable thereafter
 Article s
 l Tho hiphast amount nf ipIahf fa alya A y or liability to which this corporatio, shall at any time subject itself or b, subjected Is the sum of six hundred } and fifty thousand dollars C650, ,OOO). Article G.
 The stockholders of this corporation and their private property shall be ex empt from the corporate debts of tn, corporation.
 Article T.
 , The affairs of this corporation shal be conducted by a board of directors consisting of five stockholders. wh, shall be elected annually by the stock holders on the second Monday in Jan uary of each year. Said directors shal hold their offices for the term of on, year from the date of election and unti their successors shall be duly elected and qualified, unless they shall in th meantime cease to be stockholders i, this corporation. and any person ceas ing to be a stockholder in this corpo ration shall cease to be a director O officer in the same. The folIowin, named persons, who are subscribers t the capital stock of this corporal tior shall constitute the officers and direct oro of this corporation until the secon, Monday in January, 1903. and unti their successors shall have been dul, elected or appointed and qualified, viz C. F. Ainsworth, president and direc tor; John s. Stevens, vice president an, director: w. c. Foster. secretary an, director: S. NJ. McCowan. treasurer an, director and J. W. Gift. director. Va cancies in the board of directors shal be Tiled by the remaining members O the hoard for the uneXDlred term fo which such persons were elected. majority of the board of directors O this corporation shall be a quorum. an, any meeting of the board at which quorum Is present shall be deemed regular meeting and have the sam authority as a full board, whether no tice of the meeting shall have been frs given to the absent members of tn board or not.
 I