The Arizona sentinel. [volume] (Arizona City [Yuma], Yuma County, A.T. [Ariz.]) 1872-1911, 1909-04-22

to farm and cultivate its lands for q term
of years on shares or partnership to raise
live stock on its lands AID elsewhere. and
to make agreements with other persons
for term of years, on shares or part
nership, to raise such stock, and to do u
general real estate business -
capital stock of the corporation shall be
One Hundred Thousand 100000 00) 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, or by the sale
Sonal or mixed property, for the use and
benefit and possession of this corpora.
capital stock OF this corporation may To
issued, and the capital stock Issue,I
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 tine value
of the property so purchased shall be
Fifth-An stock shall be on-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 corporation upon 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, ana SAID corporation
may without further action or notice.
purchase the same, ana cancel said
shares of capital stock ara tine Sd.
snail inure to the benefit of said cCrpOr-
alton; Provided. that this corporation
shall have the exclusive right and priv
ileSe TO purchase such shares of capital
stock SD 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.
I tfrR1aa fc.r. ft1n NrrN.1
! nent 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
! years thereafter
| Eighth-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 shan be elected from among the
! constitute the board of directors until
! their successors are elected. tO-wit:
| George Fishbaugh, William A. Miller.
The officers of said corporation until
| their successors are elected shall be
| George Fishbaugh. President; William A.
Miller, Secretary and William y. Miller,
! Treasurer.
Nintli-The highest amount of fndebt-
ednesS or liability to which this corpor-
alton at any time to be subject or to
subject itself, shall be Five Thousand
! (S5. 0G000) Dollars.
Te1th1The private property Of, the
!
/ 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.
a %fGhfaT F Is nfHnER,. { {sssB
NELLIE NJ. BEELER, (SeaD
| Territory of Arizona,
County of Yuma, IS:
| Before me. H. Wupperrnan. a 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 M. 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.. 1902
(SeaD Il. WUPPERMAN.
/ Notary Public.
1912