The Arizona sentinel. [volume] (Arizona City [Yuma], Yuma County, A.T. [Ariz.]) 1872-1911, 1908-04-08
Articles of Incorporation of the
Karr, Hester & Speese Rail
road & Development Co.

The undersigned. Lawrence f. Karr, Henry
c. Hester, John NJ. Speese and n. P. Larson of
Yuma county Arizona Territory. and H f.
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 to
the provisions Of Chapter VII Of said Title IL.
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 g. Develop
ment Co.; the number of years said corpora
ton shall continue in existence shall be so
years; the amount OF the capital stock OF the
company shall be One Million q 900 OO0) dollars,
divided into Ten Thousand 10000 shares Of
the par value of One Hundred Dollars (Sl00)
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 of the company, shall
be the corporators herein to-wit: Lawrence
Z. Karr, Henry c. Hester. John NJ. SpeeSe, N.
p. Larson and H. E. johnson.
Article 2
The general nature OF the business proposed
20 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
Articles.
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 a
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 Baguna Dam, the length Of which, as
near can be estimated is about IA 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 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 resolution to that effect
and cause notice Of the time and place OF such
meeting to be deposited in the Postof1ce 1t
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-
Sessable and fully paid up before being issued,
NJ the tine of issuing certificates therefor. At
SUCH time the Board of Directors may
by resolution direct, said capital stock shall l,o
paid into this corpo-o ion 1871 III cash. or TOT
ro-,- ----vOr and services performed for, at the
request Of, and accepted by, said corporation,
ar by the sale and transfer to it Of real person
NJ or mixed property. for the use and benefit of
said corporation, in payment of which shares of
the capital stock Of said corporation may be is
sned and the capital stock so issued shall
thereby become and be fully paid up and non
assessable, 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
bility, direct or contingent, to which this cor
subject itself shall be S5OOOoO
Article g.
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>karr 100 shares; Henry c. Kester, 100 |
shares; John NJ Speese. 100 shares; N P Lar
son, one share, and H. E. johnson. one share.
In testimony whereof we Lawrence E. Kari.
Henry c. Kester, John NJ Spcese, N. p. Larson
and H. E. 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, 1905
Names Residence Sharas
LAWRENCE E. KARR, Yuma. Arizona, 100
HENRY c. KESTER, Yuma Arizona, 40
JOHN NJ. SPEESE Yuma. Arizona. 100
N r LAhSON. Yuma, Arizona,
H. Z. JOHNSON, Brawley. Cal.
Territory OF Arizona County OF Yuma. SIS
Before me, Frank Baxter, a Notary Public in
and for the County OF Yuma, Territory of Ari-
zona on this day personally appeared Law
renee Z. Kari, Henry G. KeSter John NJ Speese,
N. P. Larson and H E. Johnson known to me
to be the persons whose names are subscribed
TO the foregoing instrument, and acknowledged
10 me that they executed the same IN trip
hcate, for the purposes and consideration
therein expressed.
Given under my hand and seal OF ONCE this
18th day of March, 1908
(SeaD FRANK BAXTER.
Notary Public.
My commission expires July 10, 1911.
Territory of Arizona, County OF Yuma. S.
]. J. M. Polhamus, County Recorder in and for
the County of Yuma, Territory OF Arizona. do
hereby certify, that the foregoing is full true
and correct copy OF the Articles Of Incorpora-
tion OF the Karr Hester & Speese Railroad g.
Development Co.. as filed for record IN my Of
fee 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-
81, Arizona. aforesaid.
In witness whereof, / have hereunto set nv
hand and affixed my seal Of Office this 18th day
of March, 1905
eSea) J. NJ. POLHAMUS,
County Recorder Yuma County At
First publication March is
urE1-zr l