The oasis., 1906-12-15

oo0W dollars divided into fhrpe hundna thOusand tUWJ shafoa designated as pfeitgs fgd stock entitled Co preference and pfi0flif oi nou cumulative dividends, not exceeding seven per ceutum ppf annum. and two hun dfed th0usand f2O0WW shares designated a@ common stock entitled Co dividends in c1r- junction with the preferred stock after the priority payment thereon of dividend of severe per ceutum per anuun, from the net earnings of Che corporation.
 Each share of stock to be of the par value Os one tSl oW dollar, and may be pad in by casn or by property cor by any form cf property upon such times. terms and conditions as the Board Of Directors shall determine, fully taid and non -aSscssable.
 Any person not q stockholder may serve as an officer or director, provided he holds pow CT of attorney Go ret for one who is a sfOek- holder and his power Cf attorney is filed yiih The corporation.
 ARTICLE VI The management and control Of the property and business of this corpora ton shall be vested in 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 i'll the maximum mum Der of Directors may be filled by them, shall be Melvin Stephens, James Van Siclen, Abraham Van Siclen and James L. Gillingham.
 
 tion, who shall be elected annually by the Directors, after the first year, shall be Pre- sident. Vice-president, Secretary and 8 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 Vice President of this corporation shall be member of the Board Ok Directors. The following officers. who shalB serve during the first year and until their sue cessOrs are duly elected and qualified, are Mel win AfnF. Dn. I1a Niee-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 Nogales, Arizona as shall be stated i'll the call for the meeting. Special meetings of the stockholders may be called and held at Nogales ln the manner provided ill 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 O1 trust of any real estate or per sOnal property of the corporation; to sell or dispose of any and all property of the corpOE- | atlOn in the regular course of its business, whenever they deem best but mortgage or E deed of conveyance of the real estate of this corporation shall not be made except upon a vote or written assent of two thirds in number of the directors then in Otfce 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 its business.
 ARTICLE X. The private property of the stockholders of this corporation shall not in any event be liable for the debts of this cor poration. The total amount of indebtedness or liability which this corporation may at any amount of it's capital stock.
 ARTICLE XI. The time of the commence ment of this corporation shall be the first day of October, in the year l906 with termination thereof upon the first day of October, 1930 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 of 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 st0ckholder of record at his last known place of residence or of busi- ness or shown on the books of the corpoT- atiOn.
 In witness whereof we have hereunto set our hands and seals this twenty second day os september, A. D., 1906.
 MELVIN STEPHENS, [SEALl-
 JAMES VAN SICLEN, [SEALl-
 l.