The Arizona sentinel. [volume] (Arizona City [Yuma], Yuma County, A.T. [Ariz.]) 1872-1911, 1908-04-01
Articles Of Incorporation of the
Kari, Hester & Speese Rail
road & Development Co.

The undersigned. Lawrence e. Kari, Henry
c. Hester. John NJ. Speese and n. 2. Larson OF
Yuma county Arizona Territory, and II. Z.
johnson OF Imperial county, California, al cit
liens of the United States over the age of q
years. being DESTROYS of organizing a railroad
corporation under and pursuant to the provis-
ions Of Title 10 of the Revised Statutes of Ari-
IONA 1881 and especially under and pursuant to
the provisions of Chapter VII Of said Title H.
entitled Railroad Corporations, and all
amendments to said Title, to that end do here
by certify and declare as follows:
Article /.
The name of the corporation shall be the
Karr, KeSter & Speese Railroad & Develop
ment Co.; the number of years said corpora
ton shall continue in existence shall be 80
wears; the amount of the capital stock of the
company shall be One Million U.000OO0) dollars
divided into Ten Thousand 10000 shares Of
the par value of One Hundred Dollars (Sl0O
each; the names OF the directors who shall
manage the affairs of the company until others
are elected and qualified, shall hereafter be
provided by the Bylaws Of the company, shall
be the corporattrs herein, to-wit: Lawrence
f. karr, Henry c. KeSter. John NJ. Speese n.
p. Larson and II. L. Johnson.
Article
The general nature of the business proposed
80 be transacted by this corporation is that of
leasing, purchasing, constructing, owning,
maintaining and operating a line Of standard
gauge, steam. gasoline, electric or other motive
power railroad. to be situated. pass through
and into the County of Yuma, in the Territory
u Arizona.
Article 3.
The said railroad is to commence at the Town
of Yuma. in said County of Yuma, and run
from thence, by the most practical route, to q
point on the boundary line between the United
States and the Republic of Mexico, near the
southwesterly corner of the Territory of Ari-
zona the length of which, as near as can be
aScertained. is about - miles; and is to com
mence at the Town of Yuma. in said county,
and run from thence, by the NEST practical
route, to Laguna Dam, the length of which, as
near as can be estimated, is about Il miles.
Article T.
The principal place for the transaction of the
business Of this corporation shall be the Town
of Yuma, in the County of Yuma Territory Of
Arizona, and meetings CT the stockholders or
directors of the corporation may be held in any
other town or city in the United States or the
Republic Of Mexico, providing that the Board
OF Directors adopt a resolution to that effect
and cause Il notice of the time and place Of such
meeting to be deposited in the Postoffice at
Yuma Arizona, directed to each stakeholder at
his last known address, at least thirty days
prior to the date of the meeting.
Article 5.
The private property Of the stockholders of
this corporation shall be exempt from all liza
bility for the debts OF the corporation.
Article G.
Ali stock in this corporation shall be non-as
Sessahle and fully paid UP before being issued,
at the time of issuing certificates therefor. At
such time as the Board OF Directors NAY
by resolution direct. said capital stock shall be
paid into this corporation either in cash, or for
work, labor and services performed for, at the
request of, and accepted by, said corporation,
or by the sale and transfer to it Of real person
al or mixed propeaty Cor the use and benefit Of
said corporation. il payment of which shares of
the capital stock of said corporation may be is
sued, and the capital stock so issued shall
gthereby become and be fully paid up and non
aSsesSable. and in the absence OF actual fraud in
the transaction the judgment Of the directors
rs to the value Of the services rendered. or Of
the property purchased. shall be conclusive.
Article Z.
bility. direct or contingent, to which this cor
poration is to be subject, or to which it shall
subject itself, shall be $4,000.
Article s.
That the amount of the capital stock Of said
corporation which has been actually subscribed,
and the names of the persons by whom the
same has been subscribed, are as follows: Law
renee E. Kari, 100 shares; Henry C. Hester, 120
n
son, one share, and H. E. Johnson, one share.
In testimony whereof. we, Lawrence E. Kari,
Henry C. Hester, John NJ. Spcese, n. p. Larson
and, II. Z. Johnson, have hereunto subs
cribed our names, our places of residence. and
the number of shares taken by each of US in
said corporation, in triplicate, this 18th day Of
March, 1908.
Names Residence Shares
LAWRENCE e. KARR, Yuma, Arizona, 30
HENRY c. KESTER, Yuma Arizona, 12O
JOHN NJ. SPEESE, Yuma, Arizona. 12O
n. p, LARSON. Yuma. Arizona, /
H. Z. JOHNSON, Brawley Cal,
Territory of Arizona County OF Yuma, SIS
Before me, Frank Baxter. d Notary Public in
and for the County of Yuma, Territory of Ari-
IONA, this day personally appeared Law
renee L. Kari Henry c. Hester. John NJ Speese,
n. p Larson and Il. E. Johnson. known to me
10 be the persons whose names are subscribed
TO the foregoing instrument. and acknowledged
TO me that they executed the same IN trip
hcate, for the purposes and consideration
therein expressed.
Given under my hand and seal of Office this
18th DAY OF March, 1908.
iSeall FRANK BAXTER,
Notary Public
Ny commission expires July 10, 1871.
Territory of Arizona, County of Yuma. S.
L }. NJ. PolhamuS. County Recorder in and fol
the County Of Yuma, Territory of Arizona. dc
hereby certify, that the foregoing is a full, true
and correct copy OF the Articles OF IncorporG
tion OF the Karr Kester & Spoese Railroad 6
Development Co. as filed for record IN my of
fec ca the l3tl day of March, 1908, and as ap
pears OF record in Book of Articles of Incor
porjltion, at page, Records OF Yuma coun
~ Arizona. aforesaid.
In witness whereof, l have hereunto set m
hand and affixed my seal Of Office this 18th da
OF March, 1898.
(Sca) j. III. POLHAMUS,
County Recorder, Yuma County, A. T.
First publication March Is
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