Arizona republican., 1910-04-17
MESA CANAL STILL UNS0LD But a Line On Sentiment
 Was Obtained AT YESTERDAYS MEETING Further, if Not Conclusive Action Will Be Taken At Meeting Called For Next Saturday to Discuss Mat ter
AT YESTERDAYS MEETING

The Mesa canal was not sold yester- day. but for the first time since the proposition has been before the people a line was gained by the vote on a resolution, which was strongly in favor of giving the directors power to sell the canal provided the sale was agreed to by two-thirds majority of the stock of record. Those who voted against the resolution expressed them selves by contending that the vote on the resolution signified nothing. How ever. there were those who voted for the resolution who will not vote for [ sale of the canal. but the vote on the resolution was certainly an indi cator. Ii was believed yesterday dur ing the course of the meeting that if there had been full representation of stock present that there would have been 267 shares of stock voted for the sale of the canal.
 One of the most important features developed by the meeting of th- stock holders was that they were ready for doing business It depends upon the viewpoint considerably to pass judg- ment as to whether their voting was wise or not. but it remains that the voted. which is something.
 The meeting was called to order by Chairman Peterson, who stated that the object of the first meeting was to vote upon an amendment to the by laws to the effect that upon the affirm ative vote of two-thirds of the stock holders of record would give the direct DTS power to sell the physical property of the canal. In order to get this be- fore the meeting in tangible form, At torney P. B. Hayes for the company prepared the following resolutions:
 Resolved. That the bylaws of the Mesa Canal company be amended by adding thereon the following section:
 No sale shall be made involving 5G per cent or more of the property assets of this company except upon the vote of two-thirds or more of the stock holders of record of said company at a regular meeting of stockholders. or a special meeting duly called and mo- ticed for that purpose"
 The amendment passed by a vote of PIP 1-6O for and 12A against. In view of the fact that if is next to an impossibility to get two-thirds majority of the stockholders of record present at one meeting, an amendment was suggested to the effect that the words "or the signatures of a two thirds majority of the stockholders of the Mesa Canal company be attached to the resolution" The proposed nd mt n opinion held by the attorney that the government would in all probability not accept such a transfer of the canal and. in the second place. that it was not regular and that corporations did not do business in the voting of stock only at a regular or called meeting.
 There were approximately 230 shares of stock represented and it became ap parent early in the meeting that the canal property could not be transferred even though every man present should vote in favor of it. The fact brought out in yesterday mornings Republican that 1t would be a real problem. to get the necessary majority to do busi- ness would be the problem which was plainly evidenced yesterday.
 Supervising Engineer Hill was not present. and in fact none of the recla- nation officials. It being the expressed opinion emenating from the reclama ton offices that there would be more actual business transacted if the stock holders would get down to business and thresh out the matter for them selves.
 Attorney Hayes, after reading the agreement which was submitted to the stockholders. stated that he saw noth- ing in the instrument which was in the least irregular. He confessed that there were points that might be made more clear. but on the whole that it appeared to him to be fair to his eli ents. Throughout the meeting Mir. Hayes was subject to a bombardment of questions and he in a measure took the same position that was occupied by MT. Hill at the former meeting. in so far as the questioning was con- cerned.
 Upon the adjournment of the called meeting the meeting for the purpose of determining upon the actual sale of the canal was declared to be convened. It was evident that a majority was not present and rising vote was taken to determine the real sentiment. The rising vote brought out a unanim- ous vote in favor of selling the canal. Upon motion of Dr. Wilbur it was de- cided to have an ice cream social in conclusion so that a full attendance may be had.
 H. L. Chandler. Dr. Wilbur. J. l.. Waring. D. s. Lewis and F. T. Pom eroy were appointed on a committee to