The oasis., 1905-03-11

fHtps and sallIne frssfis aIs9 fafIfssda ffam. NHYs. fHfHp kes 4Hd canaif i1 had fH fud ifDni ta FofNs Df pfncipel places ei bnsinett i0 connect eifh some navi4able sfle tm, yf iO hlehway, Co buy, sell. lofafe. construct ac. qHife. 0Wn aud operate iffinallna lilches ras plants. electric power, steam p1Wef. power, fuel oil coke ovens. bunl ere. wnafses. landings aud ranches Co own and operate stores, electric light plants 1oHrdinge houses warehouses and banKing hOusee. and t0 eugaRe in gem erai banking business. Co lay out and plat tOwneltes, and Co buy, sell. lease and mortgage real estate con nected with said townsites or in any manner connected with the business O' this corporation, Co own, control and handle letters patent and inventions. also shares of the capital stock of this and other Corpora tious even Co the extent and for the purpose of owning, controlling and managing such other corporations. Co buy, sell lease. manu- facture and deal in all kinds Of property, real and personal; to borrow money and execute notes, bonds, mortgages and deeds of trust to secure the same; to purchase or In any lawful manner, accept, possess, enjoy, operate and use franchises from any foreign country or state, or any state or Territory of the United States, or any municipal or private corpora ton, either local or foreign, and to issue fully paid and non-assessable stocks, bonds, or oth- CT obligations in payment of property pur- chased by 1t; to exercise in respect of all such bonds, mortgages, notes, shares 0f capital stock and other securities and obligations owned by it. all the right, power and privileges of in-
 
 10 vote any shares of the stock held by it; and in general to do all things necessary to the proper conduct of the business Of the Corpora ton i'll the Territory Of Arizona and elsewhere.
 iIT The amount of the capital stock of this Corporation shall be five hundred thousand ,500,o00) dollars divided into five hundred thousand t50o,000l shares Of the par value of one C) dollar each.
 ". At such times and upon such conditions as the Board oi Directors or this Corporation pH h. ital stock shall be paid into this corporation, either ill cash or by the sale and transfer to t of real or personal property, including the capital stock, franchises and property of other Corporations, either domestic or foreign, in payment for which the capital stock of this Corporation may be issued, and the capital stock so issued shall thereupon become and be fully paid and non-assessable, and in the ab sence os actual fraud in the transaction the judgement of the Board of Directors as 10 the value oi the property so purchased shall be conclusive
 " The time of the commencement of this Corporation shall De the date of the filing of these articles in the office of the County Re- eOrdeT 0f santa Cruz County Arizona, and the filing of 6 certified copy Of the same with the Auditor Of the Territory Of Arizona, and the termination thereof shall be twenty-five years thereafter, but the same may be renewed from time to time for period of twenty-five years, as provided by law.
 VI The affairs of this corporation shall be conducted by d Board or Directors Wnlch shall be com posed of not less than three nor more than seven members, to be chosen from among the stockholders of the corporation at the annual stock kholdeTs meeting, which shall be held in the town of Nogales, santa Cruz County, Arizona, on the secOnd Thursday Of September Oi each year, and until their sue cessors are elected and qualified, the Board of Directors and officers Of the Corporation shall be c c. Rauntree. President Aparicio Pore has, Vice-president; Miguel F Hernosa. Secretary; Aurelio Sandoval, Treasureri and John Miller. VII The highest amount of liability, direct or contingent, to which this Corporation is Ut (l00,000) dollars.
 VIII. The private property of the stockhold- CTS of this Corporation shall be exempt from corporate debts.
 IN WITNESS WHEREOF we have hereunto set our hands this 23d day of February, 1905.
 c. c. ROUNTREE.
 JOHN MILLER.