The Arizona sentinel. [volume] (Arizona City [Yuma], Yuma County, A.T. [Ariz.]) 1872-1911, 1908-03-18
Articles of Incorporation of the
Karr, Kester & Speese Rail
road & Development Co.

The undersigned, Lawrence E. Karr, Henry
c. Kester. John N. Speese and N p. Larson Of
Yuma county, Arizona Territory, ard H. z.
johnson of Imperial county. California all cit
liens Of the United States over the age Of p
years, being DESTROYS of organizing q railroad
corporation under and pursuant to the provis-
ions of Title 10 of the Revised Statutes of Ari-
IONA, 1901, and especially under and pursuant to
the provisions of Chapter VII CT said Title Is.
entitled Railroad Corporations" and all
amendments to said Title, to that end do here
by certify and declare as follows:
Article l.
The name Of the corporation shall be the
Kari, Hester 6 Speese Railroad & Develop
ment Co.; the number of years said corpora
ton shall continue in existence shall be 30
years; the amount of the capital stock Of the
company shall be One Million Q.O)0OoO) 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, as shall hereafter be
provided by the Bylaws CT the company, shall
be the corpCrators herein, to-wit: Lawrence
L. Karr, Henry c. Kester. John NJ Speese, N.
p. Larson and Z. e. Johnson.
Article .
The general nature Of the business proposed
to 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
of Arizona.
Article 8.
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
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 most practical
route to Laguna Dam, the length Of which as
near as can be estimated is about II miles
Article f.
The principal place for the transaction Of the
business CT this corporation shall be the Town
of Yuma, in the County of Yuma. Territory Of
Arizona, and meetings Of 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 u notice Of the time and place of such
meeting to be deposited in the Postofice 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
IL for tn .7af.- ~
Article s.
All stock in this corporation shall be non-as
Sc sSable and fully paid Up before being issued,
at the tine OF issuing certificates therefor. At
such time as the Board Of Directors may
by resolution direct, said capital stock shall be
paid into this corporation, either IN cash. o. for
work, labor and services performed for, at the
request CT, and accepted by. said corporation
or by the sale and teaasfer to it Of real person
n or mixed properly, for the use ana benefit Of
said corporation. - payment Of which shares Of
the capital stock Of said corporation may be is
sued and the capital stock so issued shall
thereby become and be fully paid up and non
assessabe, and in the absence OF actuaI fraud in
the transaction the judgment Of the directors
as to the value of the services rendered. or of
the property purchased. shall be conclusive.
Article7.
The highest amount of Indebtedness and liza
hility, direct or contingent. to which this cor
poration is to be subject, or to which it shall
subject itself, shall be $4,000.
Articles.
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 Z. Kari. 100 shares; Henry c. Hester, 120
shares; John NJ. Speese, 100 shares; \. P. Lar
son, one share and II. E. Johnson. one share.
In testimony whereof. we, Lawrence e. Kari,
Henry C. Hester. John NJ. Spoese. Il: z. Larson
and H. E. Johnson, have hereunto subs
eribed 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, 1903.
Names Residence Shares
LAWRENCE f. KARR, Yuma. Arizona, 19O
HENRY c. HESTER, Yuma Arizona, 12O
JOHN NJ SPEESE, Yuma, Arizona, 12O
N. p, LARSON. Yuma, Arizona.
II. Z. JOHNSON. Brawley. Cal,
Territory Of Arizona, County of Yuma, S.
Before me, Frank Baxter a Notary Public in
and for the County Of Yuma, Territory of Ari-
iona, on this day personally appeared Law
renee E. Kari, Henry c. Kcsucr. John NJ. Speese,
n. p. Larsen and H. E. Johnson known to me
to be the persons whose names are subscribed
to the foregoing instrument, and acknowledged
to ine that they executed the same IN trip
hcate, for the purposes and consideration
therein expressed.
Given under my hand and seal Of Office this
I3Jh day of March, 1908.
\(ScaD FRANK BAXTER.
Notary Public.
My commission expires July 10, 1911.
Territory of Arizona. County of Yuma. S.
I, J. NJ. Polhamus. County Recorder in and for
thc County Of Yuma, Territory of Arizona. 60
hereby certify, that the foregoing is full. true
and correct copy of the Articles of Ineorpora-
tion Of the Karr Kest@T & Speesc Railroad 6
Development Co. as filed for record IN my Of
hce on the 18Th day of March, 1905 and as ap-
pears OF record in Book ; of Articles of Incor-
pOration, at page, Records Of Yuma coun-
t., Arizona. aforesaid.
In witness whereof have hereunto set my
hand AID affixed my seal, of Office this 18th day
OF March, 1898.
(SeaD J. Nj. POLuAMUS,
County Recorder, Yuma County, A. r.
First publication March ls