Arizona republican., 1904-08-31
ARTICLES OF INCORPORATION
Of the A2propriatOrs' Canal Company.

residents of the county of Maltcopa, and territory of Arizona; are the own CTS of arable and irrigable lands in the | said county have associated, and do hereby 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 | "Appropriators Canal Company" The names of the incorporators are Lincoln Fowler, Patrick T. Hurley; Thomas Armstrong, Jr, John F. Orme and w. H. Wilky.
 The principal place for the transac- tion of business of this corporation IS at 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. 1 possessing, and operating canals, dams, aequelucts, wells, pumps, res ervoi-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 it's shareholders, and other appr0pria- 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- Iigation, 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 ofhdal thereof for such receipt, car. riage and delivery.
 ARTICLE III.
 The amount of capital stock of this corporation shall be fifty thousand (S5OOO0) dollars, divided into fifty thousand shares of the value of one dollar each.
 Stock shall be issued on subscrip- ! 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,
 
 not exceeding one share for each acre owned by the subscriber and the shares shall be 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 shall bear on its face a statement that the same is, issued in connection l with ha 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 tho limits specified in the preceding paragraph subject to the charges anl rules and regulations of the corpora ton; that such stock and such right to the carriage of water are insepar- ably attached and made appurtenanu 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 1r dividends.
 Any sale or other transfer of the title ! attached and made appurtenant shall Carry said stock with it and it shall be thereupon transferred on the books of the company to the owner of the land to which it is attached.
 ARTICLE ".
 The time of the commencement Of this corporation shall be the date Of the filing of these articles for record in nfHn aF Maricopa county, Arizona, and the fI- ing of certified copy thereof in the office of the auditor of the territory and it shall terminate twenty-five years hereafter unless otherwise re- newed according to law.
 ARTICLE ".
 The affairs of this corporation are to be conducted by board of directors | consisting of five Stockholders who shall be elected annually on the first Monday of october. by the stockhold- CTS. The officers of this corporation shall be a president, vice president, secretary and treasurer who shall be elected annually by the directors. Officers and directors shall hold of fee for one year from the date of their election or until their successors are elected and qualified; except that per sons elected to fill an unexpired term snail hold only for the unexpired terms Persons teasing to te stockholders shall cease to be officers or directors
 Until the first annual meeting of this corporation the subscribers hereto shall constitue the board of directors of this | corporation.
 | ARTICLE VI.
 The highest sum of indebtedness or liability to which this corporation shall at any time subject itself is the sum of $25,0
 Assessments for the needs of this | corporation may be levied by the di- | rectors not to exceed 10 cents per | share in any one year; the stockhold- CTS may by majority vote. levy fur ther assessments as may by them be 1 deemed and required and the bylaws l of the corporation shall provide means