Arizona republican., 1906-06-24
ARTICLES OF INCORPORATION
 of WESSEX WATER COMPANY.

selves under the provisions of the laws of the Territory of Arizona, for the purpose of engaging in the transaction of the business hereinafter mentioned, do make. sign and acknowledge. ac- cording to law. these articles of incor- poration.
 Article I. The names of the incor- porators of this corporation are c. F. Ainsworth, George P. Brown and James R. Thorpe.
 Article II. The name assumed by this corporation and by which it shall be known is WESSEX WATER COM PANY; and it's principal place of transacting business is and shall be in the City of Phoenix, Maricopa County. Arizona Territory. Said corporation may transact business and have an of flee at Wessex in said County and Ter ritory, and at such other place or places as it's Board of Directors may deem convenient or advisable. The time of the commencement of this cor poration shall be the 25th day of May. 1906 and the termination thereof shall be twenty-fiv years thereafter, unless the same be continued as provided by law for the continuation of such cor poratiOns.
 Article III. The general nature of the business proposed to be transacted by this corporation is that of con structing Or owning, by purchase or otherwise, and maintaining and oper- ating dams. canals and ditches, and other water ways, and of appropriating any of the unappropriatetd waters of the Gila River for the purpose of de- livering the same for irrigation or other beneficial use to persons owning stock or water rights in its said canal or canals. Said corporation shall have power and authority to sell to persons water rights in the canal which it shall hereafter own or construct for such amount of water as it may appro- priate of unappropriated water of said Gila River. Said corporation shall also have the power to buy and sell water and the use thereof; also to To- cate or in any other lawful manner ac- quire real estate. and sell and disposeI of the same in such manner asI said corporation may deem advisable. and also may buy, sell and hold any and all other kinds of property, real, personal and mixed. including the stock Of other corporations. It may also control. own, manage and operate electric light, power and telephone systems. It shall be authorized to borrow money and contract to repay the same at such times and at such rates of interest as its Board of Di- rectors may deem proper. And it shall have the right to hypothecate. mort gage or pledge all or any part of its property, which it now owns or may hereafter acquire, to secure the pay- ment of any money or moneys borrow ed or owed by it, as its Board of Di- rectors n1ay deem advisable.
 Article ". The amount of the can ital stock of this corporation shall be S15O. 100000. divided into one thousand i've hundred shares Q.50O) of the par value of One hundred 1OO) dollars per share; and the times when and the conditions upon which the said capi- tai stock is to be paid in. are as fol- iows'- On making the subscriptions therefor, the amount subscribed shall be paid in, either in cash or in prop- erty, and no stock shall be issued until the same shall have been fully paid in either in money or In property. and the same when so issued shall be non assessable thereafter.
 Article V. The highest amount of indebtedness or liability to which this corporation shall at any time subject itself or be subjected is the sum of One hundred thousand (1OO.OOO) dol lars.
 Article VI. The stockholders of this corporation and their private property shall be exempt from the corporate debts of this corporation
 Article VII. The affairs of this cor poration shall be conducted by a Board of Directors consisting of three stock holders, who shall be elected annually by the stockholders on the second Mon day in January of each year. Said directors shall hold their offices for the term of one year from the date of election and until their successors shall be duly elected and qualified un- less they shall in the meantime cease to be stockholders in the corporation. and any person ceasing to be a stock holder in this corporation shall cease 10 De director or officer of the same The following named persons who are subscribers to the capital stock of this corporation, shall constitute the officers and directors of this corporation. until the second Monday in January. 1907 | and until their successors shall have been duly elected or appointed and qualified. viz James R. Thorne | President and Director: c. F. Aims worth, Vice-President and Director. and George P. Brown, Secretary. Treas | urer and Director.
 Vacancies in the Board of Directors shall be filled by the remaining mem oers of the Board for the unexpired term for which such persons were elected. A majority of the Board of | Directors of this corporation shall be | quorum, and any meeting of the Board | at which a quorum is present shall be deemed a regular meeting and have the same authority as a full board | whether notice of the meeting shalI have been first given to the absent | members of the Board, or not.
 Article VIII The officers of this corporation shall be a President, Vice | President. Secretary and Treasurer | who shall be elected annually by the Board of Directors at their first annual meeting in each year; the president ana vice-president shall be chosen | rom among their numbers. The Pres | ldent shall be the chief executive officer or the corporation, and shall have the general management of all it's affairs | \ Tdraf N~