Arizona republican., 1901-04-23

gage, convey, deal In, develop ana lm- prove water, water rights and water privileges and franchises.
 AND FOR SUCH PURPOSES, to ac- quire, buy, sell, enjoy, hold lease, mort gage, control, hypothecatc, use, possess and enjoy lands, easements, franchises, manufacturies, machinery, pipe lines and pipes. conduits, acqueducts, refin- cries, reservoirs, tanks, appurtenances, privileges, paraphernalia, and all other things necessary or convenient for the proper carrying on and conducting said businesses. and each of them.
 TO BORROW AND LOAN MONEY. execute promissory notes and other evidences of debts and securities.
 AND GENERALLY. to do any and all things necessary to the purposes herein set forth to the same extent and effect as the same might or could be done by a natural person THIRD: That the principal place of business of said Corporation shall be at Phoenix, in the Territory of Arizona. In the United States of America; and the places outside of said Territory where 1t may keep branch offices and transact its busineess and conduct it's affairs, shall be at the City of Bedding. In the County of Shasta. State of Cal ifornia. and at such other places, Towns. Counties and States as the of- ficers or Directors, stockholders or man agers of said Corporation shall deter mine.
 FOURTH: That the amount of cap ital stock of said Corporation hereby authorized is Five Million Dollars &5,- COG, ,000): and the number of shares into which it is divided is Five Million shares of the par value of One Dollar each: the value of which stock Is to be paid in cash, or upon such installments as the Directors may provide, or in real estate, personal or mixed property, contracts, agreements, labor, machin- cry. merchandise. materials, or any such articles as the Directors may pro- vide for, or the stockholders may re- solve, upon the delivery from time to time of said stock. Preferred stock may be provided and issued upon nsuch terms and conditions as the Board of Directors may determine. | FIFTH That the time of the com. mencement of this Corporation shall be the 29th day of March, in the year of our Lord, one thousand nine hundred and one; and the same shall continue | for the period of twenty-five years. and shall terminate on the 29th day of March in the year of our Lord. one thousand nine hundred and twenty-six, at 12 o'clock noon.
 SIXTH: That the persons and off, cers who shall have the management and control of said Corporation shall be stockholders holding two-thirds of the outstanding stock of the Corpora ton and a Board of Directors to be composed of such number of members as shall be provided in the bylaws. and shall be chosen by the stockhold- CTS, on the last Friday in March of each year.
 THE ORIGINAL BYLAWS shall be adopted by the vote or signatures of ! the stockholders holding two-thirds of all the outstanding stock which has been regularly subscribed. ANY RESOLUTION adopted by the stockholders by like amount of stock whether by vote or signatures, at q meeting or otherwise. shall absolutely NOhiloi AhN oA tht Sol poi otloil and the tenure of the offices of the off cers and Directors, so far as indicated in said resolution. The Board of Di- rectors shall have the management and control of said Corporation and it's bus mess, subject to the action of the stock holders.
 SEVENTH: That the number of it's Directors shall be seven, and the names and residences of those who are ap- pointed as the Directors for the first year are:
 R. s. Roycroft, residence, Bella Vista, Cal: 25,0OO shares.
 J. c. Cunningham, residence, Bella Vista, Cal: 25,000 shares.
 F. M. Swasey, residence. Bedding, Cal. 75.OOO shares.
 pr. J. T. Rohm, residence, Bedding. Cal. 90000 shares.
 Ed Riebe, residence, Bedding, Cal; 5,U00 shares.
 John White, residence, Redding, Cal; 100, GOO shares.
 J. w. Fitzpatrick, residence, Bedding, Cal; 10000 shares.
 THE DIRECTORS shall elect from their number a President and Vice President, and may elect a Managing Director; they shall also elect a Secre- tary and treasurer and such other off cers as may be provided by the by laws, or as they may see fit, none of whom need be directors; and may con- fer upon such officers such powers as the said board may deem best.
 EIGHTH. The greatest amount of indebtedness to which the corporation can at any time subjected is fifty thousand dollars
 NINTH. That the private property of each ad every officer. member and stockholder of this corporation is ex- empt from all debts and liabilities of said corporation, and from execution of any and all claims against this corpor- ation or stockholders to any extent whatsoever. No assessment shall be made upon any stockholder except for unpaid subscription to stock.
 TENTH. The following arc the names of the corrorators of said corporation,