The Arizona sentinel. [volume] (Arizona City [Yuma], Yuma County, A.T. [Ariz.]) 1872-1911, 1909-07-22

to farm and cultivate It's fapds for 8 terra
OF years. Oh shares OF partnership to Taise
1--we stock on its lands and elsewhere, and
10 make agreements with other persons
tur Il term OF years. on shares or part
nerShip, to raise such stock, and to do a
general zeal estate business.
Fourth-The authorized amount of
capital stock of the corporation shall be-
One hundred Thousand (S10O,000.00) Dol
lars divided into che hundred thousand
Shares OF the par value of One Dollar
Capital stock may be paid into this cor
pordti0n, either III cash, or by the sale
to 1t and transferring to il OF real, per-
Sonal or mixed property, for the use and
benefit and possession OF this corpora
ton, in payment Tor 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 asSessable, and in the absence
of actual fraud in the transaction, the
Judgment OF the directors as to the value
OF the property 50 purchased shall be
conclusive.
Fifth-All stock shall be non-assessa-
bic and shall be fully paid I'D before is
sued.
Sixth-Any original STOCKHOLDERS may,
at any time, SELL mortgage otherwise
dispose of, his or her, SHARES of capital
stock of said corporation upon giving az
least sixty days notice LII WHITING to the
president and secretary ct said CORPORA
ton, of his or her intention 20 so dis
pOse OF the same, and said corporation
may without further action or notice,
shares of capital stock. ard the same
Shall irure. to the benefit OF said corpOr-
alton; Provided, that this corporation
shall have the exclusive right and priv
stock so Offered for sale, within said
sixty days notice in writing, of gis 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 shah APP
ply to. mortgages of shares of such capt.
a
SeVenth-Ehe time for the commence
nent OF this corporation shall be the fill
Recorder OF Yuma County Arizona, and
the termination si3eFC9S twenty-five
years thereafter.
Eighth-The affairs OF this corporation
shah be conducted by hosra c-s shree
directors until the first Monday in Jan
uary, 1910, when q beard Of three di-
stockholders. The following named shalt
constitute the board of directors until
TIER Their SUCCESSORS are elected. to.wits
George o FiisFhbangh; William A. Miller,
The officers of said corporation until
their successors are elected shah be
Miller Secretary ard William a. Miller,
Ninth-The highest amount Of indebt-
edncss or liability to which this corpor-
alton at any time to be subject or to
subject itself, shall be Five Thousand
(S5, 100000 Dollars.
CutiI--1 iIS PIlTdtC property Oh inc
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 lereunt0
set our hands and seals, this 18th day of
March, A. D.. 1909.
GEORGE FTSHBAUGH, (SeaD
WILLIAM A. MILLER (SeaU
NELLIE NJ. BEELEIr, (SeaD
Territory of Arizona,
County of Yuma, SIS:
mo II NOfo
Public in and for the County of Yuma,
Territory of Arizona, on this day person.
ally appeared. George F'ishbaugh 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 thae
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. WUPPERMAN.
Notary Public,
Ny Commission expires DeceTnnber 20,
1912.