The Arizona champion., 1889-05-18
Articles Of Incorporation
OF THE FLAGSTAFF RIDING AND
 DRIVING PARK ASSOCIATION.

hOF THE FLAGSTAFF RIDING ANE
 DRIVING PARK ASSOCIATION. M Knozg AH Ahen 6y 7Zese Pycsenks.. That we, the undersigned. have this s3day voluntarily associated ourselves to- s7gether for the purpose of forming cor s porati on under the laws of the Territory esof Arizona and we hereby certify: sl FIrgk That the names of the corpora> lstors are Ralph H. Cameron, James A.. 3Vail, George Prime, Frank E. Foster and ; James Nj. simpson.
 The name of said corporation IS tine ..sthe ''I lagstaIf Riding and Driving Park 5s Association" and the principal place of .sbusiness is at Flagstaff, Yavapai county, s5Arizona.
 q Second. That the purposes for which Ethe said corporation is formed are 10 cons :sstruct. feHes- s;l 11a-s7iSfa q l. ..e.s-lS sd $dnvlng park and race track with the gprnper appurtenances thereto belonging s5and appurialning. to hold meetings there~ sion for racing, trotting and similar pur- flposes; to offer prizes for trials of speed, sInd to do any and all acts and things con dnecteJ with such aforesaid purposes. a Zhifa That the amount of the capi- 5tal stock sh Il be Two Thousand Dollars 1( 1(S2,oool divided into Two Hundred ,ll (2oo) shares of Ten (Io) dollars each, ipar value, Fifty (5o) shares to be paid lin on or before the Fifteenth (I5th1 day jof aPtil, A. D. 1889, and One Hundred jand Fifty (I50) shares to remain in the }hands O. the Board of directors of said jcorpoTation, to be disposed of by them }tor cash at not less than the par value 5thereot for the purposes and benefit of Ithe said corporation, at such times and n such amounts as may hereiufter be de- ;termned upon by sad board Of directors. F0HJzA. Iha- the time of the com ;mencem-r of said corporation is the Tenth (Ioth) day of April, A. D. ISS9, land the term nation on the Tenth (Ioth) lday o April, A. D. 1914, being a term ,of Twenty Five (25) years. FyfA- l hat the affairs of the corpora~ ltlon shall b- conducted by Board of Di- lrectors Of five shareholders. who shall 'elect tro'-l ther number President and Secretary, a.d from their number, or any .of the shareholders, a Vice President land Treasurer and General Manager. the sald Directors to be elected by the share holders on the Tenth 10th day of April, A. D. I3S9, and upon said day in each ensuing year. lor the term Of one year EeM succeeding, and at such elections each shareholder shall be entitled 10 cast one Foi= Ter each share of stock held by him Tn sad Corp ration, and within ten days alter the said election, the said Board Oi Directors are to choose the President. e-President, Secretary and Treasurer and General Manager, as above provided.
 .o1rlH' 1 hat the highest amount of in> d-bledness or iilbilty shall not exceed hi'y per cs.lt- of the capital stock.
 Sf0s@ta. That private property shall be exempt from corporation debts.
 in Wllacss whereof we have hereun:o set our hands this Fifth dly of April. A. D 1889.
 RAsPH F. GAMaRoN.a
 GEo. PRIME
 ]. 4. VAIL.
 F. E. FOSTER.
 ]. N. SIMPSON. TERRITORY OF ARIZ0TA,
 County oi Yarap1i.
 Before rse, Guthrie Savags, a Notary Puclic III and for the said Yayap3i c1un- ', on this day personally appeared Ralph II. Cameron, George Prine, Jam.s 4. Vail. Frank E. Foster and Jam:s Nj. simpson, kncwn to me to be the persons whose nam@s are subscribed to the fore going instrument and ac&nowledsed to ne that they executed the same for the purposes and consideration therein ex- Jrcssed.
 iivn under my hand and seal of office @-, this Filtn day of April, A. D. SEAL 1859.
 - ]. C. SAVAGE,
 Notary PubIic