The Arizona sentinel. [volume] (Arizona City [Yuma], Yuma County, A.T. [Ariz.]) 1872-1911, 1908-04-22
Articles of Incorporation of the
Karr, Hester & Speese Rail
road & Development Co.

1OoA " DNN
The undersigned Lawrence +. karr, Henry
C. Kester John NJ. SpceSe and N. r Larson of
Yuma county, Arizona Territory and H. +.
johnson Of Imperial county. California. all cit
liens OF the United States over the age Of 81
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, 1901. and especially under and pursuant 10
the provisions OF Chapter VII Of said Title Is.
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, hester g. Speesc Railroad s Develop
rnent 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 Il oool dollars.
divided into Ten thousand 10000 shares OF
the par value OF One Hundred Dollars (tiOW
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 corporaiorS herein, to-wit: Lawrence
u Karr, Henry c. Hester. John NJ Specse. n.
i. Larson and II. +. 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 ! 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.
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, 10
point on the boundary line between the United
States and the Republic of Mexico, near the
southvesterly corner of the Territory of Arr
IONA. the length of which. near as can be
ascertaiued is about - miles; and is to COM
1nencc 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 IL miles.
Article I.
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 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 70 that effect
and cause a notice of the time and place OF such
meeting to be deposited in the Postoffice at
Yuma, Arizona, directed to each Stockholder at
his last known address, at least thirty days
prior TO the date of the meeting.
Article S.
The private property of the stockholders Of
this corporation shall be exempt from all liza
bility for the debts of the corporation.
Article s.
All stock in this corporation shall be non-;IS
sesSable and fully paid up before being issued
al the time of issuing certificates therefor. At
such time aS the BOARD of Directors may
3 by resolution direct xsd capital stock shall be
paid into this corporation. either in cash, for
work. labor and services performed for, at the
= request OF. and accepted by, said corporation,
or By the sale and transfer TO IL of real person
al OF mixed property. for the use and benefit of
said corporation. ia 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
sssessable and in the absence OF actual 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.
biltty. direct OF 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 f. Kari 10 shares; Henry c. Hester, 10
shares; John M. Speese. 80 shares; y. p. Lar
SON. one share. and H. K. johnson. one share.
In testimony whereof. we, Lawrence f. Kari,
Henry C. Kester. John NJ. Spcese. N. r Larson
and II. E. Johnson have hereunto subs
cribcd 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. 1905
Names Residence Shares
LAWRENCE E. KARR, Yuma Arizona, 10
HENRY c. KESTER, Yuma Arizona, 10
JOHN NJ. SPEESE. Yuma. Arizona, 100
n. p. LARSON. Yuma, Arizona,
II. z. JOHNSON. Brawley, Cal,
Territory Of Arizona. County OF Yuma, S.
Before me- Frank Baxter q Notary Public in
and for the County OF Yuma, Territory OF Ari-
IONA, on this day personally appeared Law
renee E. Karr, Henry C. Kester John NJ. Speese,
N. p. Larson and n. r. Johnson. known to me
70 be the persons whose names ore subscribed
10 the foregoing instrument, and acknowledged
TO me that they executed the same IN trip
licate, for the purposes and consideration
therein expressed.
Given under my hand and seal Of once this
18th day OF March. 1898
(Seal FRANK BAXTER,
Notary Public
MY commission expires July 10, 1911.
Territory Of Arizona, County Of Yuma. S.
= ]. NJ Polhnmus County Recorder IN and fol
the County Of Yuma. Territory of Arizona. do
hereby certify, that the foregoing * full. tru,
and correct COPY OF the Articles OF Incorpora
ton Of the karr, KeSter Speese Railroad 4
development Co. as filed for record IN my OF
. fire on tho 18Th day of March. 1905, and as ap
pears uf record in Book OF Articles Of Incor
poration. at page. Records OF Yuma coun
Is Arizona, aforesaid.
In witness whereof. have hereunto set m
hand and affixed my seal Of office this 18th ds.
Of March. 1P1s.
(Seal) J. Nj POLHAMUS.
County Recorder. Yuma County, A. T.
First publication March IS