The Arizona sentinel., 1909-07-15

to farm and cultivate its lands for tsrIa
of years ON shares or partnership 10 falss
live stock on its lands and elsewhere, anu
to make agreements with other persons
for Il term OF years, On shares or part
neTship, to raise such stock, and 10 90 -
general zeal estate business.
FOuIth-The authorized amount ~
capital stock of the corporation shall De-
one hundred Thousand ($l00,O00.0O) Del
lars, divided into one hundred thousand
shares OF the par value OF one Dollar
each. All to De common stock Sal0
Capital Stock may be paid into this cor
poIation, either IN cash, or by the saio
10 II ard transferring to it of real, per-
sonGl or mixed property, for the use AMI
benefit and possession OF this corpora
capital stock CT this corporation may be
issued, and the capital stock 50 issued
shall thereby become and be- fuily 2ald
and -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
Flfth-AH stock shall he non-assessa-
bic and shall be fully paid UP before is
sued.
Slxth-tny original stakeholder may.
| at any time, sell. mortgage or otherwise
/ dispose of, his or her, shares CT capital
stock OF said corporation upon CITING at
| least sixty days notice in writing To the
] president and secretary OF said corpora
! lion, of his or her intention to- - dis
/ pose OF the same, and said corporation
may without further action or notice.
| purchase tie same, ana career said
shares of capital stock, ard the same
shall inure to tho benefit of said corpOr-
! alton; Provided, that this corporation
shall have the exclusive right and PRIV
ilese to purchase such si;aTes 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 APP
ply to mortgages of shares of such capl-
tai stock of said corporation.
he
nent 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
years thereafter.
Eghtll-The affairs Of trsis corporation
shall be conducted by board Of three
directors, Until the first Monday in jan
uary, 1910, when Il board of three di-
iectors shall be elected from among the
stockholders. The following named shall
constitute the board of directors until
Their successors are elected. to-wit;
George Fishbaugh, William \. Miller,
The officers of said corporation until
/ their successors are elected shall be
George Ffshbanghs Presi2ent; William A.
Miller. Secretary and William n. Miller
Treasurer.
Niptf-Thc highest amount Of indebt-
alton at any time to be subject or to-
subject itself, shall be Five Thousand
(S5, 0G0.00) Dollars.
Tenth-The private property of the
stockholders of this corporation shall noe
be Liable for. and shaft be exempt from
corporate debts of any and every kind
wha teVer.
In witness whereof, we have hereunt0
set our hands and seals, this 18th day OF
March, A. D. 1909.
GEORGE F1SHBAUGH, (SeaD
WILLIAM A. MILLER, (SeaD
NELLIE NJ. BEELERs (SeaD
Territory Of Arizona,
County of Yuma. ss:
Before me- II. Wupperman, Notary
, Public in and for the County of Yuma,
; Territory of Arizona, on this day person
J ally appeared. George F'ishbaugh and
! William A. Miller and Nellie NJ. Beeler.
/ known to me to he 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 IL WuPPERMAN.
Notary Public
My Commission expires Dene1nmber 20
1872