The Arizona sentinel. [volume] (Arizona City [Yuma], Yuma County, A.T. [Ariz.]) 1872-1911, 1908-04-15
Articles of Incorporation of the
Karr, Hester & Speese Rail
road & Development Co.

Ihe unuCrSlgnCu. Lawrence Il KARI, l1enrl
C. Hester John NJ. Spcese and N. p. Larson c
Yuma county, Arizona Territory. and II. L
johnson Of Imperial county, California, all cit
liens of the United States over the age OF ,
years, being DESTROYS Of organizing railroa'
corporation under and pursuant to the provis
ions of Title 13 of the Revised Statutes of Ari
IONA, 1901. and especially under and pursuant II
the provisions of Chapter VII of said Title IS
entitled Railroad Corporations and al
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
IIarr. Hester & SpeeSe Railroad & Develop
mentCo. the number of years said corpora
ton shall continue il existence shall be 81
years; the amount of the capital stock Of The
company shall be One Million (l.OOOO9O) 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 OF the company, shall
be the corpCrators herein to-wit: Lawrence
Z. karr, Henry C. Hester. John NJ Spcese, n.
p. Larson and H. E. Johnson.
Article2
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. 10 be situated. pass through
and into the County of Yuma, IN the Territory
of Arizona
Article s.
The said railroad is to commence ut the Town
of Yuma, in said County of Yuma, and run
from thence, by the most practical route, to u
point on the boundary line between the United
States and the Republic Of Mexico near the
southwesterly corner of the Territory of Ari-
IONA, the length of which. as near as can be
ascertained, is about - miles; and is to COM
mencc at the Town CT 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 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 al resolution to that effect
and cause 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 s.
The private property of the stockholders of
this corporation shall be exempt from all liza
bility for the debts of the corporation.
Article 6.
All stock in this corporation shall be non-as-
scsSable and fully paid up before being issued,
at the time 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. 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
a or mixed properA T. for the use ana 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
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.
Article7.
The highest amount Of indebtedness and liza
oility, 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, 10
shares; John NJ. Speese, 120 shares; \. P Lar
son, one share, and H. E. johnson, one share.
In testimony whereof, We, Lawrence Z. Kari
Henry C. Kester, John NJ. Speese. n. p. 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, +his 18th day of
March, 1903.
Names Residence Shares
LAWRENCE E. KARR, Yuma. Arizona, I2O
HENRY c. HESTER, Yuma Arizona. I2o
JOHN NJ. SPEESE, Yuma, Arizona. l2O
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-
coma. on this day personally appeared Law
FtlCC hdTT. fclfA =. lABSlef. JOn0 N. SI1oeSG.
n. z. Larson and II. e. Johnson, known to me
to be the persons whose names are subscribed
80 the foregoing instrument, and acknowledged
TO me that they executed the same IN trip
Ncatc, for the purposes and consideration
therein expressed.
Given under my hand and seal of Office this
12th day of March 1905.
(SeaD FRANK BAXTER,
Notary Public.
Ny commission expires July 10. 1911.
Territory Of Arizona, County of Yuma. S.
+ J. M. PolhaT7uS. County Recorder in and for
the County of Yuma, Territory of Arizona. do
hereby certify, that thc foregoing is full. true
and correct copy Of the Articles of Incorpora-
lion of the Kari Hester & STeeSe Railroad &
Development Co. as filed for record Ia nay Of
Gee on the 18th day of March. 1905 and as APP
pears of rccord in Booil = of Articles OF Incor-
pOrat!on. at page, Records Of Yuma coun-
ty, Arizona. aforesaid
In witness whereof, ! have hCreuntO set my
hand and affixed my seal of Office this 18th day
Of March. 1898.
(Scal) j. NJ. POLHAMUS.
County Recorder, Yuma County, A. II.
First publication March Is
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