The oasis., 1906-12-08

a0OJ dollars divided into tbfae hundred fbpueaud fW0WJ shHses desl leuHlod as prefer fed stock, entitled Co preference and priority oi non cumulative di8ldtnds, not txeeednK seven per eentHm per anhuu, Hnd two hun dfed tHOusnnd f11WgJ shores desgnated as common stock entitled t0 divldeuds in cen. Juuet0n with tbe preferred stock after the priority payment thereon Of dividend of seven per csutum per aunum, from Che net earnings of the eOrpOfatiOn
 Each share Uf stock Co be of the par value Of one WitW dollar and may be paid in by cash or by property or by any form 0f property, upon sucI times terms and conditions as the Board oi Directors shall determine, fully paid and non.Hssessable.
 Any person not stockh0lder may serve as an officer or director provided he bolGs pow CT of attorney to act for one who is stock. holder and his pt"er of attorney is filed with the corporation.
 ARTICLE VI. The management and control Of the property and business Of this corpora ton shall be vested in a Board Of not less than three and not more than seven Directors who shall be elected annually by the stockholders. Any vacancy occurring among the officers and directors may be filled by the remaining mem bers of the Board of Directors, and such person shall hold his office until his successor is duly elected and qualified.
 The Board of Directors to act during the first year, and until their successors are duly elected and vacancies in the maximum num- Der of Directors may be filled by them, shall be Melvin Stephens, James Van Siclen, Abraham Van Sicen and James L. Dillingham;.
 ARTICLE VIII The officers of this corpora ton, who shall be elected annually by the Directors, after the first year, shall be Pre- sident. a Vice-president, Secretary and a Treasurer, and such other officers and agents as the Board of Directors may deem necessary for the proper transaction of its business More than one office may be filled by the same per son. The President and Nice-President of this corporation shall be members of the Board of Directors. The following officers. who shall serve during the first year and until their suc- cess0rs are duly elected and qualified, are Mel vim, stephens, President; James Van Siclen, Vice-President James l.. Gillingham, Secret ary and Treasurer
 ARTICLE VIII. The annual meeting of the stockholders of this corporation shall be called and held on the third Thursday of February in each year, or by due adjournments thereof at such place in N0gales, Arizona as shall be stated ir the call for the meeting. Special meetings of the stockholders may be called and held at Nogales in the manner provided in the By Laws.
 ARTICLE TX The Board of Directors of this corporation shall have the power to adopt By Laws, and the same to suspend, amend and re- yoke; to make all lawful rules and regulations deemed by them expedient for the manage ment of the affairs of this corporation, not in- consistent with these articles; to borrow money for this corporation, and to issue the obligations of the corporation therefor either and both in the form of notes or bonds, and as security for the payment thereof to execute and deliver either or both pledge, mortgage deed or deed of trust of any real estate or per sonal property 0f the corporation; tO sell or dispose ot any and all property of the corpor atiOn in the regular course of its business whenever they deem best, but d mortgage or a deed of conveyance of the real estate of this corporation shall not be made except upon vote or written assent of two thirds i'll number of the directors then in office; to establish off ces and places of business in such other States, Territories or foreign countries as may be deemed necessary for the proper conduct of it's business.
 ARTICLE K The private property of the stockholders of this corporation shall not i'll any event be liable for the debts of this cor poratlon. The total amount of indebtedness or liability which this corporation may at any time incur shall not exceed two thirds of the amount of it's capital stock.
 ARTICLE XI. The time Of the commence ment of this corporation shall be the first day of October, i'll the year 19O6 with termination thereof upon the first day of October, 1880, and with such other further corporate existence as the Articles of Incorporation may thereafter from time to time be renewed.
 ARTICLE XII. These Articles may be amend ed at any meeting of the stockholders by the affirmative vote Gf q majority of the stock pre- sent and voting thereat, either in person or by proxy, provided seven days notice of the pro posed amendment shall have been given in writing, mailed to each stockholder of record, at his last known place of residence CT of bus- ness, or as shown on the books of the corpor- ation.
 In witness whereof we have hereunto set our hands and seals this twenty second day of september, A. D., l906
 MELVIN STEPHENS, [SEAL1.
 JAMES VAN SICLEN tSEALl.
 JAMES l.. GfLLINGHAM, SEALl.
 ABRAHAM VAN SICLEN, SEALl.