The Arizona sentinel., 1909-08-12

to farm and cultivate its lands for a term
OF years ON shares or partnership to raise
live stock on its lands and elsewhere, and
TO make agreements with other persons
for Il term of years, on shares or part
nerShip, to raise such stock, and to do a
general real estate business.
Fourth-The authorized amount of
One Hundred Thousand ($10O, O00.OOJ Dol
lars, divided into one hundred thousand
shares OF the par value of One Dollar
each. All to be common stock. Said
Capital Stock may be paid into this cor
poration, either in cash, by the sale
to 1T and transferring to it of real, per-
Sonal or mixed property, for the use and
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 worcestershire, and in the absence
OF actual fraud in the transaction, the
Judgment of the directors as to the value
conclusive.
Fifth-An stock shall be non-assessa-
BILE and shall be fully paid up before is
sued.
Sixth-Any original stakeholder may,
at any time, sell, mortgage or otherwise
stock of said corporation upon giving at
least sixty days notice IN writing to tho
president and secretary OF said corpora
ton, of his or her intention 10 50 dis
pose Of the same, and said corporation
may without further action or notice.
purchase the same, ano cancel said
shares of capital stock, ard the same
shall inure to the benefit Of said corpor-
alton; 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 it's market value; Provided, further,
that the foregoing restrictions shall ap-
ply to mortgages of shares of such cspi-
% Qfn of rof6 lon
Seventh-The time for the commence
ment OF this corporation shall be the fill
ing of these Articles with the County
Recorder OF Yuma County. Arizona, and
the termination thereof twenty-five
Eightb-The affairs of this corporation
directors. until the first Monday in jan
uary, 1910, when a board of three di-
rect9rs shall be elected from among the
constitute the board of directors until
George ,F1shbaugh, william 4. Miller,
The officers Of said corporation until
their successors are elected shall be
George Fishbaugh. President; William A.
Miller, Secretary and William A. Miller,
Treasurer.
Ninth-The highest amount of indebt-
edness or liability to which this corpor-
alton at any time to be subject or to
subject itself, shall be Five thousand
(S5, O00.0G) Dollars.
Tenth3The 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 FISHBAUGH, (SeaD
WILLIAM A. MILLER, (Seal)
NELLIE NJ. BEELER, (SeaD
Territory Of Arizona,
County of Yuma So:
ma II NJ
Public IN and for the County OF Yuma,
Territory of Arizona, on this day person.
ally appeared. George Fshbaugh and
William A. Miller 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 Al. WUPPERMAN,
Notary Public.
Ny Commission expires Decemmber "a,
1912.