The oasis., 1905-04-29

Corporation ssau hf Five HHadfed Thoaasad fttfNDl Dollars divided into Five Handled fh4usanI l04 aH8I shares Df tbH DOT fHIue 0f Oue Doliaf fij each. At such liues snd under such conditions Hs the nnaf1 nl Directors Hey direct such Capital Stock shail he paid intO Inc forp0ratinn either il cash Dr Dy tbe sale end transfer f0 if oi real or personal property for the uses and purpose, of said Corp ration. lu payment 0f which shares 0i thc Capitol Stock shall be issued, and such stock, when issued sball De fully paid and non'assessable. The Capital Stock may he Increased or de- creased by the affirmative vote Of the majority Of the stock then issued, but in the case Of the increase Of the Capital Stock each shareholder shall have the privilege Oi subscribing for such number of shares of the proposed increase as he may be entitled to according co the number of shares held by him before the stock is in- 1 creased.
 VI The highest amount of indebtedness or liability either direct or contingent to which this Corporation is to at any time subject itself, shall not exceed the sum of Two Hundred and Fifty Thousand (2500M) dollars; and the pri- vate property of the stock holders Of this Cor poration shall be exempt from the payment or it's corporate debts
 VII The business affairs of this Corporation shall be condueted by Board oi Directors, consisting of not tess than three nor more than seven members each of whom shall be stock holder; and whenever director ceases to be a stock holder he sHall at the same time cease to be director They shall be elected annually by the stockholders at their regular annual meeting which shall be held at any of the
 
 Of October Of each year, and shall hold their offices until their successors are duly elected and qualified. Any vacancy i'll the Board of Directors may be flied by the remaining mem bers of the Board by appointment from among 1 the stockholders, and such appointment shall 1 be for the unexpired term for which the ap- pOintmeIit is made The first Board of Direc- 1 tors shall consist Of the following persons, ! to-wit: w " Chids, J. H. Childs '. Bryant I 4 Miiar c. " Phillips. 4 majority Of the the Board of Directors shall constitute quor- um for the transaction oi all business
 VIII Within reasonable time after the election of any Board of Directors they shall meet at any oi the offices of the Company and elect the officers of the Corporation, who sb Il be President, Vice President, Secretary, and Treasurer, and such other minor officers or agents as the Board may deem necessary for J the best interests of the Corporation. The 1 President and the Secretary and Treasurer shall 1 Do members 0f the Board Of Directors, and the offices of the Secretary and the Treasurer may be filled by the same Director. X VI the officers shall hold their offices during the life of the ! Board oi Directors by whom they are elected, and until their successors are elected and { qualified, unless sooner removed by vote of 1 twa-thirds of the Directors.
 K These Articles Of Incorporation may be ! amended or altered at any regular meeting Of the stock holders, or at any special meeting i of A majority of the stock then issued; and the Board of Directors, or any three { stockholders, may call Il meeting of the stockholders for this, or any other purpose not inconsistent with law, but notice of such proposed amendment shall be given to each stockhoder. either personally or 1 in writing at least twenty days prior to the meeting at which such amendment shall be 1 voted upon.
 IN WITNESS WHEREOF we have hereunto set our hands this 28rd day Of February, A. l905. c. " PHILLIPS, ALLEN T BIRD.