The Arizona sentinel. [volume] (Arizona City [Yuma], Yuma County, A.T. [Ariz.]) 1872-1911, 1909-05-06

to farm and cultivate it's lands for term
OF years on shares or partnership to raise
live stock on its lands and elsewhere, anu
TO make agreements with other persons
for a term of years, on shares or part
nership, to raise Sucn stock, ana 10 90 d
general real estate business.
Fourth-The authorized amount o.
capital stock of tie corporation snail be
one hundred Thousand (SleO.1C0.00) DOL
lars divided into enc hundred thousand
shares OF the par value OF one DohaT
Capital Stock may be paid into this cor
pOration, either III cash, or by the SAFE
to it and transferring to it-Of real per,
sonal or mixed property, for the use anu
benefit and possession OF this corpora
ton, in payment for which, shares OF
capital stock OF this corporation may be
issued and the capital stock SO issued
shall thereby become and be, fully paid
and non assessaGle, 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
Fifth@Au stock shall be non assessa-
BILE and shall be fully paid UP before is
sued
at any time, sell, mortgage or otherwise
dispose of, his or her, shares OF capital
stock of said corpora ton upon giving at
least sixty days notice In Writing To 1ne
president and secretary of said corpora
ton, of his or her intention 70 20 DIS
pose of the same, and said corporation
may without further action or notice.
purchase the same, ana cancel SAID
shares of capital stock. ara the sitdie
shall inure to the benefit of Eaid corpor-
alton; Provided that this corporation
! shall have the exclusive right and priv
! ilege to purchase such shares of capital
/ stock 50 offered for sale, within said
sixty days notice in writing, of his or her
: intentions to sell his or her shares OF said
I capital stock, ut twenty per cent less
! than It's market value; Provided, further,
that the foregoing restrictions shall APP
ply to MORTGAGES of shares o. such capI-
! tai stock of said corporation
Seventh-The time for the commence
| ment of this corporation shall be the fiji
ing Of these Articles with the County
Recorder OF Yuma County, Arizona, and
the termination thereof twenty-five
FXghtil-The affairs Of This corporation
shall be conducted by board OF three
uary, 1919, when a board OF three di-
rectors shall be elected from among the
stockholders. The following named shall
constitute the board OF directors untli
their SUCCESSORS are elected. to-wit:
George Fishbaugh. William x. Miller
and Nellie M. Beeler. -,
Tie officers of said corporation until
their successors are elected shall be
George Fishbaugh. President; William y.
Miller, Secretary and William A. Miller,
NinthIThe highest amount of indebt-
edness OF liability to which this corpor-
alton az any time to be subject or to
subject itself. shah lie Five Thousand
5,000GGJ Dollars.
TenthZThe private property of the
: stockholders of this corporation shall not
. be liable for, and shall be exempt from
corporate debts OF any and every kind
whatever.
IN witness whereof, We have hereunto
set our hands and seals, this 18th day OF
March, A. D.. 1909.
GEORGE FTSHBACGH. (SeaD
! WILLIAM A. MILLER, (SeaD
NELLIE III. BEELER, (SeaD
Territory of Arizona,
{ County of Yuma, SIS:
Before me, n. Wupperrnan, Notary
Public in and for the County of Yuma,
: Territory of Arizona, on this day person
) ally appeared, George Fishbaugh and
+ William A. Miller and Nellie III. Beeler,
f known to me to be the persons whose
names are subscribed tO/the foregoing
= instrument and Acknowledged to NE thai
: 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. WUTPPERN AN.
Notary Public
= Ny Commission expires December 2f