Arizona republican., 1903-03-16

TO ill the une&pired terms for both Of
fees: provided. however, that such va
cancies. if occurring within sixty days
| before the next annual election. shall be
Sec Sy The By shah ahe be the Chief
executive officer of the Association. and
shall have general supervision over all
performance of their duties is such. and
Of the conduct Of the business and fairs
Of the Associ at He shall preside at
and shall be eX-ofticio a member of that
| Board: and perform such other duties as
may be devolved upon him by the by
Sec. I. All certificates or other evil
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
affixed thereto.
Sec. S. All contracts and instruments
II writing executed for. or in behalf of
the name Of the Association bv the Pres
ident ard Secretary. and shall have the
| seal of the Association affixed thereto.
he sec tb g. rhs Treasur !, shall receive and
other funds of the Association. No
moneys shall be paid out by the Treasurer
the President ana Secretary except as
provided in Article * Section S of these
Articles No warrants shah lie drawn
on the Urea surer by the President and
Board OF Governors. recorded in the min
Il
record to be 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 hooks belonging to
the Association. and shall present re-
mort and account thereof for the last
preceding month to the Eoard of Cover
nors at every regular monthly meeting of
said Board. and shall. at the expiration
such manner as the bylaws may pre-
scribe. q quarterly statement to share
holders showing all such, receipts and
disbursements during the last preceding
quarter; and the Treasurer shall perform
srcl, other duties as may be devolyed
Sec. Il; The Secretary shall act as the
Clerk of the Board of Governors and
keen record of all their proceedings;
The Association and of all its 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
Office, all bylaws adopted by the Coun-
! Gil and shall keep such book open to the
| inspection of any member of the Associ-
| alton at all times during business hours.
! by the bylaws.
| ARTICLE XI.
! The Council may create such other
offices as may he 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 MI.
| Upon proper complaint thereof by the
/ Board of Governors. duly sustained. the
Council may remove from office, the
| President Vice-President. Treasurer, Sec
rotary. or the incumbent of any Office
created by the Council: for incompetence;
/ funds OF the Association. or for violation
of any of the provisions of these Articles.
or OF any bylaw. The council shall pre-
/ scribe by bylaws the procedure for such
remOTal.
I ARTICLE Mi.
Section l. Revenues necessary for the
accomplishment of the purposes OF this
nlent thereof from time to time as re-
auired upon and against the share
/ Sec > The Council shall have power to
make and enforce necessary bylaws Cor
/ the making. ievyins. collecting and en-
forcing OF such assessments.
! Sec. 5. Assessments Tor the ordinary
cost OF operation. maintenance and repair:
of the works of the Association. or OF
/ those the maintenance and control of
which are, may he hereafter. lodged in
the Association. shall be equally assessed
against all the shareholders in proportion
/ 10 the number OF shares held by them
/ respectively.
! Sec. 4. Assessments for the purpose of
constructing or acquiring. or for the bel
teETuent improvement. renewal. replace
ment. or preservation OF any works. prop
erty, or rights of the Association. or for
the purpose OF preserving. or increasing,
more efficiently. or economically dis
iribnting the water suppiies aFaia PIE. Tor
fulnllment of any obligation undertaken
hy the Associa ton. in any contract. agree
ment or other arrangement with the
United States Government. 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.
for pnrposes that arr, of benefit to part
only of the shareholders may he specially
assessed in proportion to such benefits
against such shareholders. but no ex--
penditurei 10 be provided for or covered
by. sucR special assessment shall ne
! 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 as they are made and levied.
| and. until they are paid or otherwise dis
charged. shall be and remain a lien. on
| the lands of the shareholder against
| which they are levied, and lIpnn the
shares of stock appurtenant to said lands;
and all rights and interests represented
! by such shares. The manner of fixing
| The lion and enforcing the same shall be
prescribed in the bylaws
Itinn. maintenance and repair. no work
shall b. undertaken. purchase made or
during any one year whereof the cost or
amount thereof shall exceed fifty thou
sand dollars C$JD.O0O.0O) until If shall have
first heen ratified by at least two-thirds
! of the 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
| ticJeS.
| ARTICLE XIV.
Nothing in these Articles of Incorpora
ktion or in the fact of becoming n men,
| Der of this Association. shall be construed
| as affecting. CT 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 tine waters of the Salt and Verde
| rivers.
| ARTICLE XIV.
The individual property of the share
F, holders shall be exempt from liability for
incorporate indebtedness of this Associ-
alton.
| ARTICLE WI.
l The incorporate Indebtedness shall not
exceed two thirds of the amount of the
capital stock.
ARTICLE XVII.
| This corporate ton shall endure for the
term of twenty-five (25) years.
ARTICLE XVIII.
These Articles of Incorporation can only
be amended by the shareholders at a