Arizona republican., 1903-03-12

| to fill the uneXpired terms for both of fees: provided. however that such va l 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 shall have general supervision over all other officers of the Association in the performance of their duties as such. and of the Association. He shall preside at all meetings of the Board of Governors and shall he eX-ofiicio member of that | Board; and perform such other duties as l laws.
 Sec. I. All certificates or other evil dences of the ownership Of shares of stock in the. Association issued by the dent and iip secrea . M of fhe @ and shall have the seal of the Association affixed thereto.
 in writing executed for, or i'll behalf of ] he Association. shall be so executed in the name Of the Association by the Pres seal of the Association affixed thereto Sec 9. The Treasurer shall receive and other funds of the Association No moneys shali be paid out by the Trea surer unless upon warrants drawn on him by provided in Article TX Section s of these Articles. No warrants shall be drawn on the Treasurer ny the President and Secretary except upon the order of the Board of Governors, recorded in the min utes of the Board. and in warrant
 sec 10. The Treasurer G 1rt shall is keep tse full. complete and accurate account of all moneys of the Associat ton received and the Associa ton. and shall present re- port and account thereof for the last nors at every regular monthly meeting of said Board. and shall. at the expiration of each quarter. prepare and publish. in scribe. a quarterly statement to share holders showing all such receipts and disbursements during the last preceding quarter; and the Treasurer shall perform such other duties as may be deyolved upon him hy the bylaws.
 Clerk of the Board of @ Governors. Sa s and md keen a record Of all their proceedings. He shall be the cus odian of the seal of the Ass9ciati0n; and Of all it's books. pa pers and records. lie shall immediately upon their adoption and certification to him hy the Council. record in Book office, all by-lawS adopted by the Coun- ell. and shall keep such book open to the ation at all times during, business hours. And the Secretary shall perform such other duties as may be deyolVed upon him by the by-iawS.
 ARTICLE NJ
 The Council may create. such other offices as may be necessary for the carry ing on of the business and affairs of this Association. and prescribe the manner of
 
 office. eligibility and compensation thereof hy bylaws not inconsistent with these Articles.
 ARTICLE XII
 Upon proper complaint thereof by the Board of Governors. duly sustained. the Council may remove from office, the President. Vice-President. Treasurer. Sec ratary. or the incumbent of any office created by the Council. for incompetence. neelect Of duty. Inisappropration of nj n OlONiSiOnS n fhaSn Articles or of any bylaw. The council shall pre- 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 Inent thereof from time to time re- puircd upon and against the share
 Sec. ,. The Council shall have power to make and enforce necessary l'y-laws for the making: levynG. collecting and en- forcing of such assessments.
 Sec. 3. Assessments for the ordinary cost of operation. main enance and repair of the works of the Association. or Of those the mainten2nce and control of which arc. 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. l. Assessments for the purpose of constructing or acquiring. or for the bet tc"ment. improvement. renewal. replace
  , erty, CT rights of the Association. or for the purpose of preserving. or increasing. tribrting the water supplies available for distribution by the Association. or for the fuIhlment Of any obligation undertaken hy the ASSocia tol3, in any contract. agree ment or other arrangement with the United States Government. or necessary for the accomplishment or carrying out of any of the purposes of the Association may be equally assessed against all the shareholders in proportion to the number Of shares owned hY them respectively. Sec. 3. Assessments for expenditures for purposes that are of benefit to a part only of the shareholders may he specially assessed ln proportion 10 such henchtS against such shareholders. but no cX- 1cEditure to he provided for. or covered by. such special assessment shall he incurred, except upon the petition of the holders of two-thrds of the shares to be so specially benefited thereby. time to time as they made and levied. and. until they are paid or otherwise dis ciar:ed. shall be and remain lien on tie lands of the shareholder against 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.
 i See. T. Except for the ordinary opera ! tion. maintenance and repair. no work shall he undertaken, purchase made or indebtedness incurred or be authorized ! during any one year whereof the cost or amount thereof shall exceed fifty thou sand dollars ($50.000.G0) until it shall have 1 first Lcen ratified by at least two-thirds ] of the votes cast at an election to be called for that purpose. Special elections ! may Ee called and held for sI'ch purpose under such hy-laWs as the Council may i prescribe, not inconsistent with these Ar t;cJcs.
 ARTICLE KY. Nothing in these Articles of Incorpora- ton. or in the fact of becoming a rlcm- ! bor of this Association. shall be construed 1 as affecting. or intended to affect in any way interfere with the present vested rights of any person to the prior use or delivery. of the natural appropriated flow of inc waters of the Salt and Verde ARTICLE NV. ! The individual property of the share i holders shall he exempt from liability for incorporate indebtedness of this Associ- 1 ation.
 1 ARTICLE XVI.
 The incorporate indebtedness shall not l exceed two thirds of the amount of the 1 capital stock.
 | ARTICLE XVII. 1 This corporation shall endure for the 1 term of twenty-five (25) years.
 ARTICLE XVIII.