Arizona republican., 1906-03-24
Meetings of Stockholders Salt River Valley.
 MariCOpd and Grand Canals
Minority Interests Agreeable Contract Entered Into Between Arizona Water Company and the Govern ment and to Appraisal of Canal Property Made by Government Commission.

OL all persons interested Tn said canal property and rights of this corporation. i that the same should be sold 10 the United States government, and in or ] der that said transfer of said property
 may be brought about and consum- . mated with the least possible delay.
 Now therefore it is resolved 1. That ! C. J. Hall, the president of this cor
 poration be and he is hereby authoriz-
 ed, empowered and directed, to sign.
 execute and deliver. for and on be-
 half of this corporation and in
 it's name to the United States
 government. or to such officers
 or persons as shall be by it designated as the proper transferee,
 good and sufficient deed or deeds or
 other instruments of conveyance or ] transfer of all the canal property and
 canal interests of this corporation, more particularly described as follows: The Maricopa canal. the property of ! the MariCOpa Canal company, on the north side of the Salt River, in Mari | copa county, Arizona, as now con- 1 structeI, operated and maintained: I said canal commencing at it's joint head with the Salt River Valley canal. in the Salt River on the north side I thereof. in section eight, township one 1 north of range four east c. & s. R. B. 1 SS Meridian and running thence in d l northwess erly direction to its terminus | together with all dams headgates and 1 lateral ditches, including bed and banks ] thereof, rights of way, extensions and ! enlargements and additions thereto.
 Also the rights of said Maricopa Canal l O. to divert and carry the waters | of the Salt river and the delivery there
 of for a beneficial use upon the lands l lying under said canal Said convey
 ance, however, to be subject to all water appropriations by individuals. | companies or corporations. from the 1 Salt river through and by means of ' said canal Gas represented by water right deeds, water right certificates or ! shares of stock in the canal from which l the water has not been severed. here | tofore issued by the canal company. 1 and now outstanding) ana the right to i have the same carried through and by
 means of said canal as the same exist | ed on said 17th day of February, 1906 | That all such instruments of convey
 ance shall have attached thereto the | seal of the corporation which shall be attested by the secretary of the cOrpo-
 ration.
 ?. That for the purpose of securing i a proper transfer of the interests and 1 rights of this corporation in the canal l known as the Water Power canal in l l said c. J. Hall, the president of this l corporation. be and he is hereby ap- pointed as the proxy and attorney in ! fact of this corporation for the purpose l of voting the shares of stock owned by 1 this corporation in the Water Power l Canal company. with the power and authority hereby vested in him to vote at any and all meetings. regular or special to 1 be held by the stockholders and board l of directors of the said Water Power l Canal company, and at such meeting
 or meetings so to be neld hereafter. i to vote for the sale and transfer and conveyance to the said United States i government, of all of the property be- l longing to the said Water Power l Canal company, and also to vote for and upon any and all matters anI
 things which may come before such meetings relative to the complete and proper conveyance of said property to
 the United States government and to
 the doing of all things necessary for
 the completion of the title to said i premises in said company and the proper evidencing thereof.
 9. The said Maricopa Canal company
 aforesaid shall in consideration of the
 transferring and conveying to the said ' Olt-tu soldItS gov tIlllltiA or the cana property and interests of this corpoT-
 ation. receive from the said United
 States government the following sum ! tO-wit:
 For the Maricopa canal and one i sixth interest in the Water Power
 canal owned by this corporation. the
 sum of S2S,SS7.66.
 f. That immediately upon the said
 Maricopa Canal company receiving the
 aforesaid sums. and the executing and | delivering of the aforesaid deeds of i conveyance and the transferring to the
 said United States government of the said Maricopa canal and of the said 1 Water Power canal. the said Maricopa Canal company acting by and through | it's board of directors. shall deduct
 from the sums so paid this corporation
 for said property and interests. all ex- ] penses and disbursements incurred in the completion of the title to sad i premises and property and the making
 of a sufficient and proper abstract Of said property and the title thereof, and i the making of proper and sufficient deeds of conveyance thereof; which i expenses are hereby authorized to be 1 incurred, paid out and to be deducted
 from the said sums so paid to this cor | poration for said property.
 | 5. That after deducting all expenses incurred for the purposes hereinabove ! specified. the board of directors of this corporation shall cause to be paid out ! of said sums so paid to it as afore- said, all the outstanding indebtedness
 of this corporation, and that after the i payment of all such debts and liabili- ties of this corporation, the said board
 of directors shall determine the pro- ! portionate part of said sums so re i ceived by it for the sale of said prop erty as aforesaid to which each and every owner and holder of the stock of this corporation is entitled in the distribution of such net proceeds of said sale, and the secretary of this
 cnrnnrafinn shall nnfifr each and all