The Arizona champion., 1889-04-13
Articles of Incorporation
Or THE FLAGSTAFF RIDING AND
 DRIVING PARK ASSOCIATION.

RnoD AZ Aktn 1y 7Hrse P,rsnft,
 That we, the undersigned. have this day voluntarily associated ourselves tbs gether for the purpose of forming cor poration under the laws of the Territory of Arizona and we hereby certify:
 First That the names of the corpora> tors are Ralph H. Cameron James A. Vail. George Prime, FranS E. Foster an d James M. Simpson
 The name of said corporation IS the the "Flagstalf Riding and Driving Park Association" and the principal place of business is at Flagstaff, Yavapai county, Arizona.
 Second. That the purposes for which the said corporation is formed are 10 cons struc,, fence and maintain riding and driving park and race track with the proper appur,enances thereto belonging and appurtaining. to hold meetings there> on for racing. trotting and similar puI- poses; to offer prizes for trials of speed. and to do any and all acts and things con- necteJ with such aforesaid purposes. Third That the amount of the capi- tai stock shEl be Two Thousand Dollars lS7, ,oool divided into Two Hundred (2oo) shares of Ten (Io) dollars each, par value, Fifty tso) shares to be paid in on or before the Fifteenth (Islh) day of april, A. D. 1889, and One Hundred and Fifty (I5o) shares to remain Tn th C hands oi the Board of directors of said corporation, to be disposed of by them for cash at not less than the par value thereof for the purposes and benefit oi the said corporation, at such times and in such amounts as may hereiniter be de : termined upon by sad board Of directors FoHyfh. Tha; the time of the com mencem-nt of said corporation is the Tenth (Io,h) day of April, A. b. 1880 and the term nation on the Tenth (Ioth day ot April, A. D. 1914, being a term oi Twenty Five (25) years. ! FyiA. That the affairs of the corpora. ton shall be conducted by Board of Di. rectors of five shar, holders who sh, Il elect fro'a their number President and Secretary, aud from their number. or any of the shareholders, a Vice .Presiden, and treasurer aud General Manager. the sad Directors to be elected by the share. holders on the Tenth 10th day of April, A. ID. 1889, and upon said day in each ensuing year. for the term of one year next succeeding, and at such elections each shar reholder shall be entitled to cast one vote Tor each share of stock held t, him In sad corp ration. and within ten days alter the said election, the saic Board oi Directors are to choose the President, Vice. President, Secretary and Treasurer and General Manager, a. above provided.
 Sirth' That the highest amount of in deb'edness or liability shall not exceed hi'y per cent. of the capital stock.
 SevrnkA. That private property shall be exempt from corporation debts.
 In Witness whereof we have hereuntO set our hands this Fifth day of April A D 1889.
 RALPH II. CAMERON. l GEO. PRIME.
 ], A. VAIL.
 F. E. FOSTER.
 ]. Nj. SIMPSON. TERRITORY OF ARIZONA,
 County of Yayapai,
 Before me. Guthrie Savags, a Notar Puclic Tn aud for the said Yayapai coun ty. on this day personally appeared Ralpl II. Cameron, George Prime, James A Vail. Frank E. Foster anC James Nj Simpson, known to me to be the person whose nam, are subscribed to the fore going instrument and acknowledged L me that they executed the same for tn purpo ses and consideration therein ex pressed.
 Given under my hand and seal of offic ,~ this Fifth day of April, A. D SEAL 1889.
 '-' j.. G. SAVAGE,
 Notary Public.