Arizona sentinel and Yuma weekly examiner., 1912-05-09
Article 5

The amount of the capital stock of this corporation shall be and is One Million (s1,OOO,OO0 Dollars, divided into ten thousand 100000 shares of par value of One Hundred ($100) Dol lars each, and which said amount of capital stock is the actual contem- plated cost of construction of said railroad, together with the cost of right of way, motive power and every other appurtenance and thing for the con- pletion and running of said road, as nearly as can be estimated by com potent engineers, which sum shall be paid in from t'me to time as the con- pany by the ao> Nn of its board of di- rectors shall reqI-re.
 Article 6
 The number of directors who shall manage the affairs of this corpora tion and who shall hold office until their successors are elected shall be not less than five nor more than thir- teen, as the stockholders may at the regular annual meetings of said cor poration determine, and until the next annual meeting of the stockholders of this corporation the stockholders and incorporators have decided to have five directors whose names and residences are as follows:
 l.. H. Chalmers, Phoenix, Ariz.; Fen S. Hildreth, Phoenix, Ariz.; O. E. Schupp, Phoenix, Ariiz.; J. s. Gust, Phoenix, Ariz., and Paul Peirce, Los Angeles, California.
 Article
 The direction, length and terminal of said railroad shall be as follows:
 Beginning at or near the village of Parker in the County of Yuma, State of Arizona, running thence in south erly direction to a point at or near the village of Ehrenberg in said State and County, together with spurs, turn puts, sidetracks and connecting lines from convenient point or points on said main line, being distance Of about forty (40) miles more or less.
 Article
 The purpose for which this corpor ltion is formed and the general nature )f the business proposed to be trans 1cted is to own, construct, operate and maintain line of railroad, telegraph md telephone in Yuma County, State | of Arizona, and also to construct, op | crate and maintain such buildings Nower plants, structures, machinery | md apparatus as may be deemed nee assary and convenient for operating | said railroad, telegraph and telephone | line; to cause such examinations and | surveys to be made as may be neces- sary for selecting the most suitable | route for said railroad, telegraph and | telephone line,and for that purpose by it's officers and agents to enter upon | the lands and waters of the State The motive power to be used in the | operation of said railroad, to be either steam or electricity, or both, as said corporation may hereafter decide.
 Article
 This corporation shall have the pow CT to acquire by purchase or other wise, real and personal property, and shall have the power to mortgage its real and personal property and to is- sue bonds hereunder and do all the things permissible by or under the laws under which this company is 
 Article 10
 The highest amount of indebtedness IT liatllity to which the corporation shall at any time subject itself shall not exceed the amount of it's capital stock.
 Article ii
 Private property of the members and stockholders of this corporation n 5hall be exempt from coroprate debts. The Board of Directors of said corp )r- ltion shall have the power to make 1y-laws for governing the business and lffairs of the corporation.
 IN WITNESS WHEREOF the sub 'tribers have hereunto set their names places of residence and the number ,f shares of stock in said corporation aken by them severally, this 18th day ( if April, 1912, in the City of Phoenix. State of Arizona. u