The oasis., 1904-06-25


 buy. contract for lease or otherwise acquire, hoid own manage. operate, mortgage. sell or otherwise dispose oi rehneries, pipe ines, tanks. ears. InAnuiactOries machinery and other works, property and appliances iranch- ises and rights oi way that may br necessary | or convenient or appurtenant for the purposes oi said corporations Go manufacture eiectri- city. obtain rights Of way, erect poles, string wires, and buy or sell electricity; to engage in and carry on general brokerage business to engage h. carry on ana control general | mercantile and real estate business, and to ! that end to deal in any and all commodoti Of every kind and nature conducive to the sue. | cessiul conduct Of said business; to buy, own, l contract Tor, feed, sell or otherwise dispose or or handle live stock of any kind whatsoever, and 10 do and carry on all things pertaining to the cattle business to buy, procure hold, own, II, construct, equip, mortgage. maintain and operate railroads, tramways, stage lines, auto mobiles, and any and all other kinds Of trans portation, including equipments thereof and therefor for mining or for transporting, or for any other lawful use or business, including ! boats, barges, steamships, sailing vessels and any and all kinds of wate crait 10 own, handle, and control letters patent. patents, and inventions; to purchase or otherwise ac- 1 quire, hold, pledge, hypothecate. sell or other wise dispose of shares of the capital stock of other corporations; 10 borrow money and execute notes, bonds mortgages and deeds or | trust to secure the same; to do and perform all matters and things necessary. expedient or | proper to carry out the purposes and businesses or act for which individuals may Ia fully associate themselves together to perform. and 10 do and perform every act and thing which ! it is lawful for natural persons to do; all Of whie h businesses or occupations may be carried on at such places either ia the United States or foreign countries the Board of Directors may consider for the best interests of the cor poration.
 V. The amount of the capital stock of this corporation shall be One Million Dollars t$i 000. .000D divided into One Million Shares of the par value of One Dollar ($l .00i each, and I said shares of stock shall be fully paid up at [ harA and shall be non-asse. sable. At such time and under such conditions as the Board Of Direc- tors may dirct, said capital stock shall be paid into the corporation either in cash or by the sale or transfer o it of real or personal prop eriy for the uses and purposes of the corr pora- tion, in payment of which shares Of the apital stock shall be issued and said stock, when issued, shall be fully paid and non assessable The capital stock may be incre sed or decreased by the af rmatiye vote of major ity of the stock then issued; but in case Of the increase of the capital stock, each shareholder shall have the privilege of subscribing for such number of snares ol the proposed increase as he may be entitled to according 10 the num- Der of shares held by him before the stock is increased.
 VI. The highest amount oi indebtedness or liability. either direct or contingent, to which this corporation is at any time to subject itself shall not exceed the sun of TWO Hundred and Fifty Thousand Dollars fS250,00O co and the private property of the stockholders Of this corporation shall be exempt from the payment of Us corporate debts.
 VII. The business affairs of this corporation shall he conducted by Board of Directors consisting oi not less than three nor more than seven members each of whom shall be stock holder; and whenever any Director ceases to be stockholder he shall at the same time cease tu be a Director They shall be elected annually by the stockholders at their regular annusl meeting which shal be held at any of the offices oi the corporation on the first We'd nesday Of December of each year. and shall naI m l haf -tff. sf4SS elected and qualified. Any vacancy in the Board Of Directors may be filled by the remein- ing members of the Board by appointment from among the stockholders, and such ap pOintment shall be for the Xpired term for which the appointment is nnuc. he fl st Board oi Directors shall consist Of the incor- pOraturs whose names are hereto subscribed. A majority oi the Board of Directors shall con stitute quorum for tue transaction oi busi- ness.
 VIII Within ten days after the election of any Board of Directors they shall meet at the principal office ot the company, to-wit, at No- gales, Arizona, and elect the officers of this corporation, which shall he President, Nice-President and Secretary and Treasurer, and su other minor officers T agents as the Board of Directors may deem necessary for the best interests of the corporation The President and the Secretary and the Treasurer shall be members of the Board of Directors, and the office of Secretary and that of Treas urer may both be filled by the same Director All the officers shall hold their office during tllt lilc VT iHt bOdlN Ol l'lttcttlN ny NnOhl they elected. and until their successors are elected and qualified, unless sooner removed hy q vot- Of two-thirds of the Directors Until the first annual meeting of the stock holders the following named shall constitute the officers of this corporation. to-wit: Milton Bohall, President; w. R. Sprecher, Vice Presi- dent and E. l.. Grswold, Secretary and Treas urer.
 IN. These Article of Incorporation may be altered amended at any regular meeting of the stockholders, or at any special meeting called for that purpose, by an affirmative vote of majority of the stock then issued; and the Board of Directors or any three stock holders may call q meeting of the stock holders for that, or any other pur- pose not inconsistent with law, but notice of such proposed amendment shall be given to each stockholder. either personally or in writ ing, at least twenty days prior to the meeting at which such amendment shall be voted upon. IN WITNESS WHEREOF we have hereuuto set our hands and seals this 7th day of June, 1904. 1
 MILTON BoHALL, Seal |