Arizona republican., 1910-04-08
CALL ISSUED FOR MEETING .O| Stockholders of Mesa
 Canal CO. INCORPORATION CHANGES
The Main Purpose is to Au- thorize the Turning of the Canal Over to the Gov ernment-The Utah Sit uation.

1 A call was issued yesterday for a meeting of the stockholders of the Mesa canal at I o'clock. Saturday aft ernoon. April 18th. for the purpose "I changing the bylaws of the incor-
 poration so that the directors oi the company may have the right to turn the canal over to the government m | the event that satisfactory arrange ments can he made. The placing "i this power. it is understood. is sim ply an incident in the general f"rmu- lation of the plans and in the event that the two thirds of a majority ot the stockholders are not in favor of selling tine canal then of course tn" directors would not he empowered t" do SO In the event that two-thirds of the stockholders were in favor oi turning the canal over to the govern meut for s43.G00 then the directors would have the power to go ahead and complete the necessary arrangements looking to final transfer of the property.
 t should be observed that the meet ing of the stockholders has been call ed for l o'clock while the conference
  disteIv afterWard The meeting of the stockholders and MT. Hill. accord ing to the prearranged plans, will be for the purpose of discussing an agreement which is now being drawn which it is calculated 10 meet the ap- provaI of the directors of the Mesa canal system and at the same
 time to meet with the approval of the
 reclamation officials. then the matter will he up to the stockholders to take the important vote on whether they
 want to sell the canal or not.
 in this connection it might he well to state that the I'tah canal company occupies practically the same position as that of the Mesa The directors of that concern have also been named as a committee looking toward d fav-
 orablc agreement with Mir. Hill for the sale of the company that will meet the approval of the directors as well as the reclamation officials. When that agreement is reached and fnrnu-
 lated call will he issued and the
 stockholders will then meet to deter
 mine whether they desire to sell their
 canal or not. It is pretty generally unucrStDbu WHY lillS pidI itiS pttI
 taken in the mattc:. It is for the sake
 of crystalizing the sentiment of the stockholders through the directors
 looking to final basis for agreement
 It could be readily seen from the di-
 yersified opinions expressed at tn"
 meeting of the Mesa as well as the
 Utah companies that decision was good ways in the future unless some
 definite basis could be worked out in order to get the matter before both the reclamation officials and the stockholders in some concrete form.
 The meetings of the stockholders are or course of the most vital import ance since they give a chance for the expression of opinions that will be used bv the directors in the fOrmu- lating of an agreement that will be satisfactory to the people they repre- sent.
 one feature existing in the organi- zation of the Utah company is that it is an incorporated institution and it is understood that the government of ficials do not see how they will be able to deal with the company unless they do incorporate. It was given out at the meeting that Mir. Hill has up on different occasions stated that in his opinion that the Utah company would have to incorporate before the legal transfer of the property could he made in the event that the stock