The Arizona sentinel. [volume] (Arizona City [Yuma], Yuma County, A.T. [Ariz.]) 1872-1911, 1909-05-20

to farm and cultivate its lands for term
q years on shares o. partnership to raise
1--we stock on its lands and elsewhere, ana
10 make agreements with other persons
for a term OF years, on shares or part
nership, to raise such stock, and to do a
general real estate business.
FOurth-The authorized amount or
capital stock of the corporation shall be
One hundred Thousand (S100, 00O.OG) Col
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
p01aton, either in cash, or by the sale
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 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
FIfth-AH stock shall be non-assessa-
sued.
Sixth-Any original stakeholder may,
at any time, sell, mortgage or otherwise
dispose of, his or her, shares of capital
stock of said corporation upOl giving at
least sixty days notice in writing to the
president and secretary of said corpora
ton, of his or her intention TO SO dis
pose Of the same, and said corporation
may without further action or notice.
shares of capital stock. ard the same
shall inure to the benefit eff 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 its market value; Provided, further.
that the foregoing restrictions shall APP
ply to mortgages OF shares of such CAPT
tai stock of said corporation.
SeFenth-The time for the commence
Eent 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
klighth-The affairs Of this corporation
shall be conducted by a board of three
directors, until the first Monday in jan
uary 1910, when a board OF three di-
rectOrs shall be elected from among the
stockholdersi The following named shall
constitute cor the board of directors until
George FishbaUgh. William a. Miller,
and Nellie NJ. BeeIer.
The officers OF said corporation until
their successors are elected shall be
George Ffshbaugh. President; William A.
Miller, Secretary and William n. Miller,
Ninth-The highest amount of indebt-
edness or liability TO which this corpor-
alton at any time. TO be subject or to
sS So. ice oo Itself, shall be Five thousand
Tenth--The 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 FTSHRAUGH, (SeaD
WILLIAM a, MILLER, (SeaD
Territory of Arizona,
County of Yuma, IS:
Before me, RI. Wupperman, Il Notary
Public in and for the County Of Yuma,
Territory of Arizona, on this day person.
ally appeared, George Fishbaugh and
William A. Miller ard Nellie NJ. BeeIer,
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 WUPPERNAN.
Notary Public.
Ny Commission expires Decemmber 24,
1872