The Arizona sentinel., 1909-07-01

to farm and cultiyate it's lands for terra OI years on shares or partnership to raise live stock on it's lands ana elsewhere, and 10 make agreements with other persons for a term of years,. on shares or part nership, to raise such stock, and to do s general real estate business.
 Fourth-The authorized amount or capital stock of the corporation shall be One Hundred Thousand (S100, 000.0O) Dol lars, divided into one hundl ed thousand ShaleS or the par value or One Dollar each. All tO De common stock Said Capital Stock may be paid into this cor poratlon, either m cash, or by tie sale to IL and transferring to it of real, per soma! or mixed property, for the use and benefit and possession of this corpora ton, III payment for which, shares of capital stock Of thIS corporation may be issued and the capital stock so issued snail thereby become and be, fully paid and -asseSsable, and in the absence Oi actual fraud in tine transaction, the Judgment of the directors to the value ot the property so purchased shall be
 Fifth-An stock shall be -assessa- ble and shall be fully paid up before is- sued.
 Sixth-Any original stockhoIder may, at any time, sell, mortgage or otherwise dispose of, his or her, shares of capital stock of said corpora ton UpSR 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, purchase the same, arld cancel said shares of capital stock. ard the same shall inure to the benefit of said corpor- atiOn; Provided. that this corporation shall have the exclusive right and priv iIege to purchase such shares of capital stock so offered Ter 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 restric tions shall ap- ply to mortgages oi shares of such capI- tal stock of said corporation.
 Seventh-The time for the commence Cent 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 cosporatioi shall be conducted by a board of three directors unti! the first Monday in Jan uary, 1910, when a board Of three di- rectors shall be elected from aTaong the stockhoSders The following named shall constitute the board of directors until their successors are elected. tO-wit. George Fishbaugh. William A.. Miller, and Nellie E. Beeler.
 The officers of said corporation until their successors are elected shall be George FIShbauSh, President; William A. Miller, Secretary and William A. Miller,
 Ninih-The highest amount of indebt- edneSs or liability to which this cOrpor- ation al any time to be subject or t0 subject itself, shall be Five Thousand
 Tenth-The private property of the stOcknOlderS 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 FTSHBAUGH, (SeaD
 WILLIAM A. MILLER, (SeaIp
 NELLIE NJ. BEELER, (SeaIJ Territory of Arizona,
 County of Yuma, ss:
 Before me, H. Wupperman, 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.. 1909.
 (SeaD Il. WUPPERMAN
 Notary Public.
 My Commission expires Decemrnber 24, 1912.