Petitioners as first board of directors, §52-4-5. Leases. Canal and other properties, §52-4-14. Mortgages. Canal and other properties, §52-4-14. Navigable streams. Destruction or obstruction of navigation prohibited, §52-4-8. Notice. Subscription for all capital stock and payment of ten percent. Publication of notice, §52-4-6. Office. Principal office. Location, §52-4-7. Officers. Election, §52-4-5. Powers, §§52-4-8, 52-4-10 to 52-4-12, 52-4-14. Principal office.