The oasis., 1906-12-22

00mJ dollars divided lnto thfee hnndsea | thousand t8NUWi share. designated ns prefer. fed stOrk entitled tO preference and priority | pf hon cumulative dividends, nod exceeding seven per ccutum per annum, and tWu bun dted thousand f20UWW shares desiauntnd as common stock. entitled tG dividends iu cote l Junction with the preferred etDrk nftsr fine | priority payment thereon of dividend of seven ] per Centum per annum from the net earnings | 0f the cOrpOratiOn
 ! Each share of stock tO be of thc par valnc of | one tklUW dollar, and may be paid in by cash l or by property or by any form of property l upon such times, terms and conditions as the Board Of Directors shall determine, fully paid and nOn-assessable
 Any person not stockh0der may serve as all officer or directOf, provided he holds pow | CT oi attorney to act for one who is stock | holder and his power Ci attorney is filed with I the corporation.
 ARTIcLEV VI The management and control ! ot the property and business of this corpora | tlon shall be vested in Board of not less than i three and not more than seven Directors who shall be elected annually by the stockholders. Any vacancy occurring among the officers and l 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
 
 ARTICLE VII The officers of this corpora tion, who shall be elected annually by the ] Directors, after the first year, shall be a 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 it's business More than one office may be filled by the same per son. The President and Vice-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 sue a al af fad QY1dr nnls fad GnI yin, stephens, President; James Van Siclen, 1 Vice-President; James L. Dillingham;, 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 1 stated in the call for the meeting Special meetings of the stockholders may be called and l held at Nogales in the manner provided in the By Laws.
 ARTICLE K. 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 uf this corporation, not in- consistent with these articles to borrow money for this corporation, and to issue the. obligations CT the corporation therefor either and both in the form of notes or bonds, and as l 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 of the corporation; to sell or dispose of any and all property of the corpor- atlOn in the regular course of its bu sineSs, whenever they deem best, but mortgage or deed of conveyance of the real estate of this corporation shall not be made except upon d vote or written assent of two thirds in 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 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 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, in the year 1906, with termination thereof upon the first day of October, l990, 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 day notice of the pro posed amendment shall have been given iG writing, mailed to each stockholder of record. at his last known place of residence or of busi- 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 Cf september, A. D., 1906.
 MELVIN STEPHENS, [SEALl
 JAMES VAN SICLEN, ISEALl.
 JAMES l.. GILLINGHAM, [SEALl.
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