Arizona republican., 1904-08-30
ARTICLES OF INCORPORATION
Of the Appropriators' Canal Company.

That the undersigned, all of whom are residents of the county of Maltcopa. and territory of Arizona; are the own CTS Of arabic and irrigable lands in the said county have associated, and do hereov associate ourselves together for the purpose of becoming incorpor- ated and forming a corporation under the general corporation laws of the territory of Arizona; and to that end do hereby make, adopt, sign, and acknowledge these articles of incor- poration.
 ARTICLE I.
 The name of the incorporation is Appropriations Canal Company" The names of the incorporators are Lincoln Fowler, Patrick T. Hurley, Thomas Armstrong, Jr, John P. Orme and W. H. Wilky.
 The principal place for the transar- ton of business of this corporation IS a. Phoenix, Maricopa county, Arizona.
 ARTICLE II.
 The general nature of the business to be transacted by this corporat' 'n is that of acquiring, owning, leasing possessing, and operating canals, dams, acquelucts, wells, pumps, res ervol~s, water rights and appropria- tions, and any and all rights, fran chises property and means for the di- version transportation, and conserva- tion of water for irrigation, mining, milling and power purposes; to serve its Shareholders, and other apprJpria- tors with water for irrigation, stock, mining, milling and domestic purposes; to lease or sell any water power de- veloped by its canals; to receive from other canals or reservoirs water for ir rigaion, stock, power and domestic purposes, and carry and deliver the same and enter into any or all nec essary of convenient contracts with other persons or corporations or with the United States or any agency or official thereof for such receipt, car. riage and delivery.
 ARTICLE III.
 The amount of capital stock of this corporation shall be fifty thousand | (S5O,O00) dollars, divided into fifty thousand shares of the value of one dollar each.
 i Stock shall be issued on subscrip- 1 ton therefor by the owner of arable and irrigable lands which lie between the present line Of the Grand canal and Salt river, in Maricopa county, ArzoEa; and then only to an amount not exceeding one share for each acre owned by the subscriber and the 1 shares shall te paid for in cash or in labor or property equivalent to cash and shall not be issued until fully paid ! for.
 | Each certificate of stock shall be, | and shaU baoY O, | that the same is, issued in connection ! with and entities the holder to the carriage of water for irrigation, stock and domestic purposes from the canal system of this corporation for a cer = tain designated piece of land within the limits specified in the preceding 1 paragraph subject to the charges an rules and regulations of the corpora tion: that such stock and such right to the carriage of water are insepar- ably attached and made appurtenanJ to said land and can not be sold trans ferred, pledged or assigned, except with said land, and in the hands of any other person than the owner Of said land is not entitled to a vote in the management of this corporation or to any of its rights or privileges }. dividends.
 Any sale or other transfer of the title to the land to which said stock is SC attached and made appurtenant shail Carry said stock with it and it shall be thereupon transferred on the books ot the company to the owner of the lanC to which it is attached.
 ARTICLE ".
 The time of the commencement o this corporation shall be the date c the filing of these articles for record il the office of the county recorder 0 Maricopa county, Arizona, and the fil ing of a certified copy thereof in tn, office of the auditor of the territor! and it shall terminate twenty-fiv. years hereafter unless otherwise re newed according to law.
 ARTICLE V.
 The affairs of this corporation ar to be conducted by a board of director consisting of five stockholders wh shall be elected annually on the frs Monday of October, by the stockhold CTS. The officers of this corporation shall be a president, vice president secretary and treasurer who shall b elected annually by the directors
 Officers and directors shall hold of flee for one year from the date of thei election or until their successors ar elected and qualified; except that per sons elected to fill an unexpired tern shall hold only for the unexpired term
 Persons ceasing to te stockholder shall cease to be officers or directors Until the first annual meeting of thi corporation the subscribers hereto shal constitue the board of directors of thi corporation.
 ARTICLE VI
 The highest sum of indebtedness O liability to which this corporation shal at any time subject itself is the sum O $25, ,OOO.
 Assessments for the needs of thi , corporation may be levied by the Gi rectors not to exceed 10. cents pc share in any one year; the stockhold CTS may by a majority vote. levy fur ther assessments as may by them b, deemed and required and the bylaw of the corporation shall provide mean of collection of assessments and pen ] I g fnr fai1