Arizona republican., 1903-03-14


 of both the President and Vce-President, the Council shall call q special election fees: ' provided. S however w ger I that such % va cancies, if occurring within sixty days before the next annual election. shall be filled by appointment by the Council. Sec G. The President shall be the chief executive officer of the Association. and shnll have general supervision over all performance of their duties as such. and of the conduct of the business and affairs all meetings of the Board of Governors and shall be ex-ofiicio q member of that l Board: and perform such other duties as may be devolved upon him by the by laws.
 Sec. '. All certificates or other evi- dences of the ownership of shares of Association shall be signed by the Presi- dent and Secretary of the Association. and shall have the seal of the Association Sec. S. All contracts and instruments in writing. executed for. or in behalf of the Association. shall be so executed in | the name Of the Association bv the Pres ident ard Secretary. and shall have the seal of the Association affixed thereto. ] Sec. ,. The Treasurer shall receive and be the custodian of all moneys and other funds of tine Association. No unless upon warrants drawn on him by provided in Article TX Section of these Articles. No warrants shall he drawn on the Treasurer by the President and Secretary except upon the order of the Board of Governors. recorded in the min record to he kept by the Secretary.
 Sec; 10: The Treasurer shall keep full; complete and accurate account of all moneys of the Association received and dishursed by him, in books belonging to the Ass9cia tion. and shall present a re preceding month to the Board of Cover ncrS at every regular monthly meeting of said Board. and shall. at the expiration | Of each quarter, prepare and publish. such manner as the hy-laws may pre- scribe. quarterly statement to share disbursements during the last preceding quarter; and the Treasurer shall perform such other duties as may be devolved Sec. II: The Secretary shall act as the Clerk of the Board, of Governors, and He shall be the custodian of the seal of the Association. and of all it's books. pa pers and records. lie shall Immediately him by the Council. record in a Book Of Bylaws to be kept by him in his ell. and shall keep such book onen to the inspection of any member of the Associ- ation at all times during business hours. And the Secretary shall perform such other duties as may be devolved upon him by the bylaws.
 ARTICLE XI.
 The Council may create such other offices as may be necessary for tl,e carry
 
 Association. and prescribe the manner of appointment. powers. duties. terms of office. eligibility and compensation thereof by bylaws not inconsistent with these
 ARTICLE XII.
 Upon proper complaint thereof by inc Board of Governors. duly sustained. the Council may remove from office, tie President, Vice-President. Treasurer. Sec retary. or the incumbent of any office created by the Council. for incoTnpetence neglect of duty, misrepresentation of funds of the Association. or fer violation of any of the provisions of these Articles. or of any bylaw. The council shall pre- scribe by bylaws the procedure for such
 ARTICLE XIlI
 Section l. Revenues necessary for the accomplishment of the purposes of this Association shall be raised by an assess ment thereof from time to time as re- Guired upon and against the share Sec. ,. The Council shall have power to make and enforce necessary bylaws for the making. levYing. collecting and en- forcing of such assessments.
 Sec. 3. Assessments for the ordinary cost of operation maintenance and repair. of the works of the Association or of those the maintenance and control of which are. or may be hereafter. lodged in the Association, shall be equally assessed against all the shareholders in proportion to the number of shares held by them respectively.
 Sec. 1. Assessments for the purpose of cons ructinS or acquiring. or for. the bet telnent, Improvement. renewal. replace ment. or preservation of any works. prop erty, or rights of the Association. or for the purpose of preserving. or increasing. or more efficiently. or economically dis distribution by the Association. or for the fuliiluent of any obligation undertaken by the Association. in any contract. agree melt or other arrangement with the Unified States Government. or necessary for the accomplishment or carrying out out of any of the purposes of the Association. may he equally assessed against all the shareholders in proportion to the number Sec. 5. Assessments for expenditures for purposes that are of benefit to part only of the shareholders may he specially against such shareholders. but no cx- nenditure to be provided for. or covered made. or obligation 10 exrenA the same incurred, except upon the petition Of the holders of two-thirds of the shares to be so specially benefited thereby. Sec. 6. Assessments shall become. from time to time they are made and levied. and. until they are paid or otherwise dis |. charged, snail be and remain lien on ; tine lands of the shareholder against which they are levied. and upon the and all rights and interests represented by such shares. The manner of fixing the lien and enforcing the same shall be prescribed in the hy-laws.
 Sec. 7. Except for the ordinary opera ton. naintenance and repair. TO work Shai ne undertaken. purchase mace or or
  during any one year whereof the cost or amount thereof shall exceed fifty thou sand dollars ($50.000.0O until it shall have first been ratified by at least two-thirds Of the votes cast at an election to be called for that purpose. Special elections , Irav be called and held for such purpose under such bylaws as the Council may . prescribe. not inconsistent with these Ar tic)eS.
 ARTICLE XIV.
 Nothing in these Articles of Incorpora- ton. CT in the fact of becoming a ncm- bor of this Association. shall be construed as affecting. or intended to affect, or in any way interfere with the present vested rights of any person to the prior use. or delivery. of the natural appropriated flow of the waters of the Salt and Verde rivers.
 ARTICLE XV. The individual property of the share holders shall be exempt from liability for incorporate indebtedness of this Associ- ation.
 ARTICLE XVI. The incorporate indebtedness shall not exceed two thirds of the amount of the capital stock.
 ARTICLE XVII.
 This corporation shall endure for the term of twenty-five (25) years.