The Arizona sentinel., 1909-06-17

to farm and cultivate It's lands for term of years on shares or partnership to ralss live stock on it's lands and elsewhere, and to make agreements with other persons for a term of years, on shares or part nership to raise such stock, and to do Q general real estate business. Fourth-The authorized amount or capital stock of the corporation shall be One Hundred Thousand (s1OO, O,OO000) Dol, lars, divided into one hundred thousand shares of the par value or one Doilar each. All to be common stock. Said Capital Stock may be paid into this cor poration,, either in cash, or by the sale to it and transferring to 1t of real, per- sonal or mixed property, for the use and benefit and possession of this corpora ton, in payment for which, shares or capital stock of this corporation may be issued, and the capital stock so issued shall thereby become and be, fully paid and -assessable, and in the absence of actual fraud in the transaction, the judgment of the directors as to the value of the property so purchased shall be conclusive.
 ble and shall be fully paid up before is- sued
 Sixth-Any original stockholder may, dispose of, his or her, shares of capital stock of said corporal ton upon giving at least sixty days notice in writing to the president and secretary of said corpora tioI, of his or her intention to so dis pose of the same, and said corpora ton may without further action or notice.
 
 shares of capital stock. ard the same shall inure to the benefit of said corpoF- atiOD; Provided, that this corporation shall have the exclusive right and priv ilege to purchase such shares of capital stock so offered for sale, within said sixty days notice in writing, of his or her intentions to sell his or her shares of said capital stock, at twenty per cent less than its market value; Provided, further, that the foregoing restrictions shall ap- ply 10 mortgages Of sbareS or such capl- tai stock Of said corporation.
 Seventb-The time for the commence ment of this corporation shall be the fii- ing of these Articles with the County Recorder of Yuma County, Arizona, and the termination thereof twenty-five EighfhEThe affairs of this corporation shall be conducted by a board of three directors. until the first Monday in Jan Bary, 1910, wien & board of three di- stockholders. The following named shall constitute the board of directors until their s9ccessors are elected. to.wit; and Nellie M. BeeieT.
 The officers of said corporation until their. fheir sqseessers zee are @ elected ; shan De Miller. Secretary and William A. Miller, Treasurer. ..a
 edness or liability to which this corpor- ation at any time to be subject or to subject itself, shall be Five Thousand ($5. 5.0e0.0o) Dollars.
  stockholders of this corporation shall not be liable for. and shall be exempt from corporate debts of any and every kind whatever.
 Tn witness whereof, we have hereunto set our hands and Seals, this 18th day of March, A. D., 1909.
 GEORGE FISHBAUGH, (SeaD
 WILLIAM A. MILLER, (SeaD
 NELLIE M. BEELER, (SeaO Territory of Arizona
 County of Yuma, ss:
 Before me, H. Wuppernlan, d Notary Public in and for the County of Yuma, Territory of Arizona, on this day person. ally appeared. George F1shbaugh and William A. MiIIeE and Nellie NJ. Beeler, known to me to be the persons whose names are subscribed to the foregoing instrument and acknowledged to me that they executed the same for the purpose and consideration therein expressed. Given under my hand and seal of of- flee. this 18th day of March. A. D.. 1909. (SeaD II. WUPPEEMAN.
 Notary Public. Ny Cornrnissfon expires Deeemn1ber A,