Arizona republican., 1903-03-09

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fees: provided. however, that such va
| cancies. if occurring within sixty days
before, the next annual election. shall be
! niled by appointment by the Council.
| Sec. 6. The President shall be the chief
/ executive officer OF the Association. and
shall 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 he ex-officio Il member of that
Board; and perform such other duties as
laws. - - - UPON ----'' '--1 "
sec. 7. Al certificates or other evi.
dences of the ownership of shares OF
stock in the Association issued by the
Association shall be signed by the Presi-
dent and Secretary OF the Association.
| affixed thereto.
Sec. s. All contracts and Instruments
| the Association. shall be. SO executed in
the name of the Association by the Pres
ident and Secretary. and shall have the
seal of the Association affixed thereto.
Sec. Q. The Treasurer~shall receive and
be the e custodian Of all moneys and
moneys shall be paid out by the Treasurer
unless upon warrants drawn on him by
the President and Secretary. except as
Articles. No warrants shall be drawn
on the Treasurer by the President and
Secretary except upon the order of the
Board of Governors, recorded in the min
utes of the Board. and in a warrant
record to be kept by the Secretary.
Sec. 10. The Treasurer shall keep 4 full.
moneys of the Association received and
disbursed by. him, in books belonging to
the. Association. and shall present a re-
port and account thereof for the last
preceding month to the Eoard of Cover
noIS at every regular monthly meeting of
said Board. and shall, at the expiration
of each quarter, prepare and publish. in
such manner as the bylaws may pre-
scribe. quarterly. statement to share
~ a7gfNEr oil iNA- Il
disbursements during the last preceding
quarter; and and the Treasurer shah perform
such other duties as may be devolved
Sec. Il. The Secretary shall act as the
Clerk of the Board Of Governors, and
keep a record of all their proceedings:
He shall he the custodian of the seal of
the Association. and of all its books. pa
pers and records. Fie shall Immediately
him by the Council. record in Book
of Bylaws 70 be kept by him in his
Office, all bylaws adopted by the Conn
Gil. and shall keep such book open to the
inspection of any member of the Associ-
alton at all times during business hours
And the Secretary shall perform such
other duties as may be devolved upon him
by the bylaws.
ARTICLE XII
The Council may create such other
offices as may. be necessary for the carry
Association. and prescribe the manner of
appointment. powers, duties. terms of
Office, eligibility and compensation thereof
by bylaws not inconsistent with these
ARTICLE Nj.
Upon proper complaint thereof by the
Board OF Governors. duly sustained, the
President President. Treasurer, Sec
rotary. or the incumbent of any Office
created by the Council. for incompetence,
neglect of duty, misrepresentation of
funds of the Association, or for violation
of any of the provisions OF these Articles.
Of hN-- n c 1ll
scribe by bylaws the procedure for such
ARTICLE XIII.
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 re-
CURED upon and against the share
Sec , The Council shall have power to
make and enforce necessary bylaws for
the making. leVyinS, 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. 4. Assessments for the purpose of
constructing or acquiring. or for the bet
terment. Improvement, renewal. replace
nient. 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
fulfillment of any obligation undertaken
by the ASSOCIATE ton, III any contract. agree
ment or ether arrangement with the
United States Government. or necessary
for the accomplishment or carrying out
of any of the purposes of the Association, |
may he equally assessed against all the
shareholders in proportion to the number
of shares owned by them respectively.
Il Ar.,-
for purposes that are of benefit to a part
only OF the shareholders may he specially
assessed il proportion to such benefits
against such shareholders. but no ex-
penditure TO be provided for, or covered
by, such special assessment shall he
made. or obligation to eXpena the same
incurred, except upon the petition of the
holders of two-thirds of the shares to be
so specially benefited thereby.
Sec. G. Assessments shall become. from
time to time as they are made and levied,
and. until they are paid or otherwise dis
e cha cd, shall II be and Il, remain len on
which they are levied. and upon the
shares of stock appurtenant to said lands:
and all rights and interests represented
by such shares. The manner of FIXING
the lien and enforcing the same shall be
prescribed in the bylaws.
Sec. 7. Except for the ordinary opera
ton. maintenance and repair. no work
shall be undertaken, purchase made or
during any one year whereof tho cost or
amount thereof shall exceed ifty thou !
sand dollars (SJD.O00U0) until IT snail have
first been ratified by at least two-thirds
of the votes cast at an election to be
called for that purpose. Special elections |
TraY be called and held for such purpose
under such hY-laws us the Council may
prescribe, not inconsistent with these Ar !
t!cJes.
ARTICLE XIV.
Nothing IN these Articles of Incorpora-
ton, in She fact of becoming mem /
Der 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 Ky.
The individual property of the share |
holders shall be exempt from liability for
incorporate indebtedness of this Associ- |
alton.
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 90 years.
ARTICLE XVIII
These Articles of Incorporation can only |
be amended by the shareholders at a !
regular annual election or at a special |