The Arizona sentinel., 1908-03-25
Articles of Incorporation of th'
Karr, Kester & Speese Rail
road & Development Co.

The undersigned Lawrence Z. Karr, Henry
c. Hester, John NJ SpeeSe and n. p. Larson Of
Yuma county. Arizona Territory, and H. Z.
johnson of Imperial county California, all cit
liens Of the United States over the age of p
wears being DESTROYS OF organizing 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, 10 that end do here
by certify and declare as follows:
Article |.
The name of the corporation shall be the
Karr, Hester & Speese Railroad & Develop
ment Co: the number of years said corpora
tion shall continue in existence shall be 30
years; the amount of the capital stock of the
company shall be One Million u.00OOO0) dollars,
divided into Ten Thousand 100000 shares of
the par value of One Hundred Dollars Gl00)
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 corpcrators herein, tO-wit: Lawrence
f. Karr Henry c. x ester. John NJ. SpeeSe, n.
Z. Larson and II. Z. 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 g.
han lou
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-
IONA, the length of which, near as can be
ascertaned. 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 IA miles
Article 4.
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 to that effect
and cause a notice of the time and place of such
meeting to be deposited in the PostOf1ice at
Yuma, Arizona directed to each stockholder at
his last known address, at least thirty days
prior to the date of the meeting.
Article ).
The private property of the stockholders of
this corporation shall be exempt from all liza
bility for the debts OF the corporation.
Article &.
An stock in this corporation shall be non-aS
ScSsablc 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
al 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
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
as 10 the value of the services rendered. or of
the property purchased shall be conclusive.
Article Z.
The highest amount Of Indebtedness and liza
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 8.
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 arc as follows: Law
toA -l,o, =
shares; John NJ. Speese. 100 shares: y. p. Lar
son, one share, and H. E. Johnson one share.
In testimony whereof. VIC, Lawrence E. Kari,
Henry c. Kcster John N. Spcese, N. =. Larson
and H. L. 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 l2th day of
March 1908.
Names Residence Shares
LAWRENCE L. KARR Yuma Arizona, I3C
HENRY C. kESTER, Yuma Arizona, 10
JOHN NJ. SPEESE, Yuma Arizona, l2C
y. T. LARSON. Yuma, Arizona,
II. E. 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 f. Karr, Henry G. Hester. John NJ. SpeeSc
y. p. Larson and Il. f. Johnson, known to ne
10 be the persons whose names are subscribed
10 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
l3th day of March 1905
(Sel) FRANK BANTER,
Notary Public.
Ny commission expires July 10. 1911.
Territory of Arizona County of Yuma. s..
III. n. Polhamus, County Recorder in and 70
the Comfy OF Yuma. Territory of Arizona, d.
hereby certify. That the foregoing is full, tru
and correct copy of the Articles of Incorpora
tion of the Karr Kestcr & Specsc Railroad
Development Co. as fled for record In my of
Zee on the 18th day OF March, 1908. and as ar
pears Of record in Book = of Articles Of IncoI
poration. at page. Records of Yuma cOun
Is Arizona. aforesaid.
In witness whereof. ] have hcreunto set m
hand and affixed my seal of Office this 18TH da
of March, 1908.
(SeaD J. NJ. POLHAMUS.
County Recorder Yuma County, A. 7.
First publication March IS