Arizona republican., 1904-06-07

to meet Mir. Newell to talk over Tonto
 road matters.
 Fourth-That in the evening at 8
 o'clock a reception to MT. Newell be | held by the general public in the lobby
 of the Hotel Adams.
 | Action wos taken in respect of a con demnatior suit recently begun in the
 district court at Globe by Judge Kib-
 bey, in the name of the association, and | by the direction of the president | against John w Lee, Nancy I.ee and | William R. r.. Lee. The defendants ! In the suit own a piece of property
 which is necessary for the power canal | to cross. The price they asked for this ! right ot way WIS deemed extortion1te and the president instructed Judge Kib- hey to begin condemnation proceedings at once. A resolution was presented endorsing the action of. the pres.dant.
 the action to date of Judge Kibbey, and instructiEg Judge KiDbey to continue
 the prosecution of the case to a con- clusion. The president and secretary of the association were author.z-d to furnish any bond for the ass ci t on that the court might at any time de- mand during the trial of the case.
 When the association was first CT
 
 ton, it of course had no legal claim on any lands which 1t could enforce. and no assessment has yet been made by the association on it's stockholders. It Wns appreciated that there would be | some expense, however, before organiz- l ation was complete. SO it was the sense | of tho instruction of the embryo organ | ization that each person signing his | lands to the assoCiatiOn should pay an | initial fee of ten cents. Ths rowe, CT. | was not demanded at first unless the | land owner desired to pay. Since then | the payment of this fee has been asked l for and there has been a quite gen ral | response, though there is yet con siderable acreage on which tn s initial ! fee has never been paid. The sCcre- tary was instructed yesterday to nd | another notice to delinquents reqUes-- ing them 10 pay up pTOmplIy ana with | the further statement that their next II notice might be a notice of cancellation Il Cf their contracts with the asscciat on. There has been nearly a year in which T 10 make this .nitla! payment. The time T has arrived for the squarng f ac- T counts and the determining of whether ' or not the signc-s are going to make good and remain part of the o-glnzs- ton.
 Mcnths ago it was decided by the board tErt certificates should be isSuei II Go au shareholders who had pad th ir initial fee. to bc exchanged when the proper time comes fo. stock in the as roeletion. or certificates representing it. Thrre has been no occasion for hast Y in thls matter and the board has b-en as l,niert -s possible with the sign rs of iHnd. but it is now necessary to ge. th.rGs .0 order ard yesterday ths board instructed the secretary to is- luc .urh certificates ,o tto e who have | paid and GO those who now pay in re- -pors. Co the notice to delinquents. This action is ordered under section ?, 1f article II. of the bylaws Of the assD- .IrfiHu. which section reads -s follows:
 "Thc board of governors are hereby authorized to issue o sub CT bsrs fo- Inc capital etDck of thie association. up- ll thr payment to the treasurer tre sum or Zen cents .per share subec-ibed .'r esrt.f.atc rec.tiug iha fact or .uoh subscription. the payment of sa d .cu ,.ufs per share thereon. and thlt ! hc holder of The certificate and his as- i-ur. iF and are entitled To all the 4ghfs Df n shareholder 1f this a as oc a. . ior. subject G. uu tEc'r liabilities and .of ed hy lu th- provisions of ths rl.l.s ot incorps ration as 10 a-pu ,
 rHr.-. frlusfer and forfeiture.
 -SG,h certificate shall ba sigue by h. Ir. dent and sc.I,tary as pre- ,T.hei by the articles 1f incorporation .rd a proper record kept thereof The rEfI holder of said crrtlfcat-, subject C o .I thc provisions of the articles of !, lgnTuurtion and the bylaws. shal. J. .s entitled t0 nave issued to him in lieu ! hereof when it can tc issued certif- S at, or other evidence Of the ownership ' V stock" Routine business and some other .Htiers of minor nature were at | ended to after which the board ad- | rurrsd to meet Frid morning at II S 'clo,k.