The oasis., 1904-06-11

gold silver copper, coal. iron. oil lead zinc petroleum, mineral gas, a. phaltnmi bitumcni bltnmenOns rock and other minerals and hydrOcarbon substances and the products Of All such substances, and for such purposes tO buy. contract for, lease or otherwise acquire hold, own, manage, operate mortRhge' heli or otherwise disppse of rchueries pipe iines tanks. ears. inanuiactories machinery and other works, property and appliances iranch- ises and rights of way that may br necessary or convenient or nppurtsnant for the purposes Oi Said corporation; co manufacture eicrtrl- city, obtain rights Of way, erect poles, string wires, and buy or sell electricity; to engage ih and carry on h general brokerage buslnessi to engage iu, carry on and control general mercantile and real estate business, and 10 that end to deal in any and ali cOmmOdoti oi every kind and nature conducive Co the suc- cessiul conduct Of said business; Co buy, Own contract for, iced, sell or otherwise dispose Of or handle live stock Of any Kind whatsoever and 10 do and carry on Hil things pertaining to the cattle business; to buy, procure, hold, own, H. construct, equip, mortgage. maintain ana 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 Tor any other lawful use or business including bOnts barges, steamships, sailing vessels and any and all kinds of Wate craIt 10 own, handle, and control letters patent. patents, and invention- to purchase or otherwise ac- quire, hold, pledge, hypothecate, sell or other wise dispose Of shares Oi the capital stOck Ol other corporations; tO borrow money and
  trust to secure the same; to do and perform all matters and things necessary, eXpedient or proper 10 carry out the purposes ana businesses or act for which individuals may la fully associate themselves together to perform. and To do and perform every act ana thing which it k lawful for natural persons 10 do; all or which businesses or occupations may be carried on Ht sucn places either ip the united States or foreign countries as the Board Of Directors may consider for the best interests Of the cor poration.
 corporation shall be One Million Dollars ($l ,uO0,0tOl divided into One Million Shares of the par value of One Dollar l$i .0O each, and said shares of stock shall be fully paid up at the time of issuing the certificates therefor and shall be non-asse' sable. At such time ana under such conditions AS the Board or Difet- tors may dirct, said tapital stock shall be paid into the corporation either Tn cash or by the sale or transfer O it of real or personal prop erty !or the uses and purposes ol the corpora ton, in payment Of which shares 0i the capital stock shall be issued and said stock, when issued shall be fully paid and non. assess sable. The capital stock may be mere sed or decreased by the affirmative vote oi major ity of the stock then issued; but in case oi the increase of the capital stock, each shareholder shall have the privilege Of subscribing for such number of shares ol the proposed increase as he may be entitled to according to the num- Der of shares held by him before the stock is increased
 VI The highest amount of indebtedness or liability either direct or contingent, to which this corporation is at any time to subject itself shall not exceed the sum of TWO Hundred and Fifty Thousand Dollars tSl5O0OO Oei and the private property of the stockholders Of this corporation shall be exempt from the payment Of it's corporate debts.
 VII. The business affairs of this corporation shall be conducted by Board of Directors consisting of not less than three nor more than seven members. each Of whom shall be a stock. holder; and whenever any Director ceases to be stOckholder he shall at the same time cease to be II Director They shali be elected annually by the stockholders at their regular annual meeting which shall be held at any or the offices ol the corporation on the first We'd nesday of December of each year, and shall hold their office unt their successors are elected and qualified. Any vacancy in the Board of Directors may be filled by the remain ing members of the Board by appointment from among the stockholders and such ap- pointment shall be for the uneXpired term for which the appointment is made. The Il st Board Oi Dine, tors suail consist Oi the lncOr- p0rators whose names are hereto subscribed A majority Of 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 thls corporation, which shall be President, a Vice President, and Secretary and Treasurer, and such other minor officers |. agents as the Board of Directors may deem necessary for the best interests of the corporation. The President ana the secretary ana tne Ireasurer 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 the life of the Board of Directors by whom they are elected, and until their successors are elected and qualified unless sooner removed by a vote Of two-thirds Of the Directors. Until the first annual meeting of the stockholders the following named shall constitute the officers of this corporation. to-wit: Milton Bohal President; W. K. Sprecher Vice Presi- dent and E. l.. Griswold, Secretary and Treas urer.
 K. These Article of Incorporation may be altered or amended at any regular meeting of the stockholders, or at any special meeting calico for that purpose, by an affirmative vote Of q majority Of the stock then issued; and the Board Of Directors or any three stock holders may call 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