Arizona republican., 1903-03-15

the Council shall call a special election, !, to fill the uneXpired terms. for both off, cancies, if occurring within sixty days before the next annual election. shall be filled by nrrointment by the, Council. dh,o executive officer of the Association. and shall have general supervision over all other officers of the Association & in the the of the conduct of the business and affairs 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 may be devolved upon him by the by laws.
 Sec. [. All certificates or other evil 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, and shall have the seal of the Association affixed thereto.
 in writing executed for. or in behalf of the Association. shall be so executed in the name of the Association hy the Pres ident ard Secretary. and shall have the seal of the Association affixed thereto.
 Sec. g. The Treasurer shall receive and other funds of the Association. No moneys shall be paid out by the Treasurer unless upon warrants drawn on him by provided in Article TX Section of these Articles No warrants shall be drawn on the Treasurer by the President and
 
 Board of Governors. recorded in the min utes of the Board. and in warrant record to be kept by the Secretary.
 Sec. l0. The Treasurer shall keep full. complete and accurate account of all 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 Board of Cover 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 SEch other duties as may be devolved upon him by the by laws.
 Sec. Il: The Secretary shall act as the keep a record of all their proceedings; He shall Ec the custodian ot the seal of the Association: and of all its books. pa upon their adoption and certification to him by the Council record in a Book d,d6 of Byn3ws to be kept by him r his cil and shall keep such book open to the inspection of any member of the Associ- And the Secretary shall perform such other duties as may be devolved upon him by the bylaws.
 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 appointment. powers. duties. terms of office. eligibility and compensation thereof hy by-laws not inconsistent with these Articles.
 ARTICLE XII.
 Upon proper complaint thereof by the Board of Governors. duly sustained. the Council may remove from office, tile President. Vice-President. Treasurer. Sec retary. or the incumbent of any office created by the Council. for incompetence. 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 by-Iaws the procedure for such removal.
 ARTICLE XIII.
 Section l. Revenues necessary for the Association shall be raised by m assess ment thereof from time to time as re- quircd 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 4 Assessments for the purpose of
 
 tcrmcnt, improvement. renewal. replace nent or preservation of any works. prop erty, or rights of the Association. or tor the purpose of preserving. or increasing. or more efficiently, or economically dis tributin@ the water supplies available for distribution by the Association, or for the fuliillment of any obligation undertaken by the Assoca ton, 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 Associaton. may he equally assessed against all the shareholders in proportion to the number of shares owned by them respectively
 Soc. 5 Assessments for expenditures for purposes that are Of benefit to part only of the shareholders may he specially assessed in 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 expend the same incurred. except upon the petition Of the holders of two-thrds of the shares to be so specially benefited thereby.
 Sec. 6. Assessments shall become. from time to time as they are made and levied. charged. shall be and remain lien on the lands of the shareholder against which they are levied. and upon the shares of stock appurtcnant 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. '. Except for the ordinary opera ton. maintenance and repair. no work shall be undertaken. purchase Ina0e or indeht edneSS incurred or be authorized during any one year whereof the cost or amount thereof shall exceed fifty thou sand dollars (SI0.000.0W until it shall have first hcen ratified by at least two-thirds of tEe votes cast at an election to be called for that purpose. Special elections may be called and held for such purpose under such bylaws as the Council may prescribe, not inconsistent with these Ar t!cIeS.
 ARTICLE XIV.
 Nothing in these Articles of Incorpora- ton. or in the fact of becoming mem bor of this Association. shall be construed as affecting. or intended to affect, or in any way interfere with tho present vested rights of any person to the prior use. or delivery. of the na tural 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. ARTICT .JC XVIIT