The oasis., 1906-03-24

 tteepi He ft,l Board which ,ban toaati sl q 4Hfff fIHtaH HNd ithn q NrHhf. nau shHil told DHlte at iUfttimf unfN ilf Nrtt HfrHal meeting Hi lhf efuf hridtfs and gnfil iNeif sureessoffefp eiNfttd aud qualified
 Ihe nffi atnne meeting of the iptkbolaefs w ths eHfpofation shal he held en ihn ffiifd Ntudaf " January lm, aud on seid date nf eath YuHf thereafter
 The officers pf the corporation shall con- elsf 0f president eire president secretary and treasurer aud such other officers as ihe board el directors may from time to tme deem expe dienf
 Both the officers and directors shall hold their offices for the period ui one year from and after their eiertion and qualification. and until their successors are elected and qualihedl unless sooner removed by the board of directors.
 The members Of the directorate shall have the power to ll any vacancy occurring on the board by the death. resignation or otherwise, and the person. or persons, SO elected to hli such vacancy, or vacancies shall fill his or their office until the next annual meeting Of the stockholders, and until their successors are elected and qualified.
 All of the directors and officers herein men, toned shall be stockholders at the time of their election.
 The directors shall have full power and au. thority 10 adopt bylaws, and to change or amend the same as they may deem expedient The directors shall elect, either from their own body, or from the stockholders of the cor pOration. the other officers of the company herein mentioned, and at their first, or organi- zation meeting shall elect said officers to serve until the first regular meeting of the directors succeeding the first annual meeting Of the stockholders and thereafter said directors shall elect said officers at the first regular meeting of the directors succeeding each an nual election of directors by the stockholders. . provided, that the president and secretary shall be elected from the board ut directors; and provided further, that the office of vice president and treasurer may he filled by the same person.
 SEVENTH The highest amount of indebted ness or liability 10 which this corporation IS at any t3me to subject itself IS the sum of1six thousand five hundred dollars t$6.5Nu0O).
 EIGHTH That the private property of the shareholders of this corporation is to be eX- empt from corporate debts.
 NINTH: Infurtherance, and not in limita- ton of the powers conferred by statute and by these article of incorporation and by any by laws which may be adopted, the board ofdirec tors is expressly authorized to issue and cause to be executed, bonds, debentures. or other se- curties and written evidences Of indebtedness of the company, and t0 authorize the exeeu- tion or mortgages, liens or other contract ob- legations upon and with reference 10 the real and personal property If the company, for the purpose 0f securing payment of such bonds de- bentures, securities or written evidences Of in. debtedness by the company; to make alter, amend and rescind the bylaws of the c0mpa- ny: 70 fix the amount to be reserved as an 0p- erating fund or working capital; to fix the time for the declaration and payment Of divi- deNdS.
 Either with the consent in writing or pursu- ant to tue affirmative y0te 0f the holders 0f majority Of the stock issued and outstanding at a stockholders meeting, duly called for that purpose, t0 sell, assign, transfer, exchange, or otherwise dispose uf the property 0f the com pany ae an entirety, or any part thereof: Pro vided, always, majority Of the whole board shall concur therein
 The company may use and apply It's surplus earnings CT accumulated profits for the pnr- pose of the acquisition of property and 10 the purchase and acquisition of its own capital stock from time to time 10 such extent and in such manner, and upon such terms as its board Of directors may determine, and neither the property nor capital stock SO purchased and acquired shall be regarded as profits for the purpose of declaration of dividends, unless de- termined by tine board of directors.
 IN WITNESS WHEREOF, the said incorporators have hereunto set their hands and seals this lst day of February, A. D., 1906.
 II. F. GuERIN, [SEAL.l
 $. l.. K1NGAN, fSEAf-l
 JOHN B.WRI6HT, lsEALl