The Arizona sentinel., 1909-07-08

to farm and cultivate it's lands fer a teT12 oI years on shares or partnership to raise live stock on it's lands and elsewhere. and to make agreements with other persons Tor a term Of years, on shares or part nerShip, to raise such stock, and to do O general real estate business.
 FOurth-The authorized amount or capital stock of the corporation shall bc One Hundred Thousand ($1O0, 100000 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 to It and transferring to it of real, per Sonal or mixed property, for the use and benefit and possession Of this corpora 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-Au stock shall be non-assessa- ble and shall be fully paid up before is- sued.
 Slxth-Any original stockholder may, 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 tiOn, 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 in9re to the benefit of said corpor- shall have the exclusive right and priv ilege to purchase such shares of capital stock so offered for sale, within said Sxsy days n notee & bi m wrtng o1 his or her capital stock, at twenty per cent less than its market value; Provided. further. ply to mortgages of shares of such capi- tal stock of said corporation.
 Seventh-The time for the commence- nent of this corporation shall be the fil- ing of these Articles with the County Recorder of Yuma County. Arizona. and the termination thereof twenty-five Eighth-The affairs of this corporation directors, until the first Monday in Jan rectors shall be elected from among the stockholders. The following named shall constitute the board of directors until George sU FisSSansh a Wi,liam se'e A. tSumr %iiier and Nellie M. Beeier.
 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 eorpor- ation at any time to be subject or to subject 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. b. 1909.
 GEORGE FISHBAUGH, (SeaD
 WILLIAM A. MILLER, (SeaD
 NELLIE M. BEELER. tseaD Territory of Arizona,
 County of Yuma, ss:
 Before me, H. Wupperman, 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 Beefer known to me to be the persons whose names are subscribed to sthe 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., I909 (SeaD II. WUPPERMAN.
 Notary Public. 1919