The oasis., 1906-11-17

iHuhshud t3NWHl shafcs dnaiRuHtpd n4 prefer. fed stock entitled to preference and priority uf non cumulative dividends n0t exeeedlfg seven per Cchtum fer nnhnm. aud twO hum dfed thousand t11WD shares dcignated as esinmon stgtk entitled to liyidends in con. Junction with ibe preferred stock after the priority payment tbefcof Of dividend Of seven per centum per anDum. from the net earnings Ot the cor pOratiOn.
 Each share of stock to be of the par value of one HitW dollar, and may be paid In by cash or by property CT by any form Of property. upon sucl times. terms and conditions as the boaru oi DrectoTs shall determine, fully paid and non-assessable.
 Any person not stockholder may serve as an offeer or director, provided he holds q DOW CT oi attorney Co net for one who is stock holder and his power Of attorney is filed with the corporation.
 ARTICLE Nl The management and control Of the property and business of this corpora tion shall be vested in q 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 cffice 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 Siclen and James L. Gilingham.
 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, Nice-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 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 cessors are duly elected and qualified, are Mel win, Stephens, lresident James Van Siclen Alpe-PreSldpnt. James l.. Giliinpbam ary and Treasurer.
 ARTICLE VIII. The annual meeting of the stock kholder> 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 in 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 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 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 Tor 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 0f any and all property of the corpcr-
 
 whenever they deem best, but a mortgage or 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 office; to establish off, ces and places of business insuch other States Territories or foreign countries as may be deemed necessary for the proper conduct of its business.
 ARTICLE K 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 thereofupon the first day of October, l93O, 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 stock holders 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 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 of A. D., 19d6.
 MELVIN STEPHENS fSEALl
 JAMES VAN SICLEN, STALL
 ItNf HTTT