The oasis., 1906-12-01

A@@s~asaAa~~a~~~~s~aM@~~@~a~@@@ e0mp dollars dfvided into three hnndfsd thousand f3WfW0l shafes designated HH pgfftf red stock enlifled t0 preference and priority yi non cumulative diyldandst mol exeeedine teVen per eenfum per annum, and two huu. dfed thousand f1pjWHj shares aealgnated a4 common st0ck entitled f0 diYidpnds iu cor iuuetlon with the preferred .teck after thp priority payment thereon oi dividend of seven per eeptum per aununn. from the net earnings of the corporation
 Each share 9f stock t0 bc of the paf value of one NitW dollar, and may De paid n hy cash or by property CT by any form Of property. npon such times terms and condition. as the board Of Directors shaii determine, fully paid Hnd non.assessable.
 Any pprs yn not a st9ckhglder mas serve as an officer or director. provided he hf Ids pow CT Of attorney c. Het iUl Duc who i- q stock holder and his power oi attorney f. filed with tne corporation.
 ARTICLE NI The management and control of the property and business Of this cOrp0ta- ton shall ba 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 cilicc until his successor k 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, AbrahaTa Van Siclen and James L. Gillingham. ! ARTICLE VII. The officers of this corpora ! tion. who shall be elected annually by the ] Directors, after the first year, snai be q Pre- sident q NicePresident, Secretary and Treasurer, and such other officers and agents as the Board of Directors may deem necessary fer the proper transaction of its business. More than one office may be filled by the same per l son. The President and Niee-President oI this 1 corporation shall be members of the Board 0f 1 Directors The following officers. who shall ] serve during the first year and until their suc- I cessors are duly elected and qualified, are Mel vim, stephens, President; James Van siclen, Nice-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, al such place i'll N0gales, Arizona, as shall be stated in the call for the meeting. Special meetings of the stockholders may be called and held at Nogales i'll the manner provided i'll the By Laws.
 ARTICLE K The Board of Directors of this corporation shall have the power 10 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; 10 borrew money for this corporation, and to issue the obligations of the corporation therefor either and both in the form of notes or bonds, ahd as security for the payment thereof to execute and deliver either or both pledge mortgage deed, or deed 0i trust of any real estate or per sOnal property of the corporation; 10 sell or dispose of any and all property of the corpcr- ation in the regular course of its business, whenever they deem best. but mortgage ur Il deed of conveyance of the real estate of this corporation shall not be made except upon Il vote or written assent of two thirds in number of the directors then in office; Co establish off, ces and places of business in such other States. Territories CT foreign countries may be deemed necessary for the proper conduct of its business.
 ARTICLE \ The private property cf the stockholders of this corporation shall not in any event be liable Tor the debts 6f this cor poratl0n The total amount Cf indebtedness or liability which this corporation may at any time incur shall not exceed two thirds of the amount of iis pitai stock.
 ARTICLE NI. The time Of the commence nent of this corporation shall be the first day of October, in the year 1906, with termination thereofupon the first day of october, l930, and with such other further corporate existence IS the Articles of Incorporation may thereafter from time to time be renewed
 ARTICLE KIT. These Articles may be amend ed at any meeting of the stockholders by the affirmative vote of q 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 in writing. mailed to each stackhclder of record, ness, or as shown on the books of the corpoT- ation.
 Tn witness whereof we have hereunto set our hands and seals this twenty second day oi september, 4. D., 1906.
 MELVIN STEPHENS, [SEALl- JAMES VAN SICLEN, lSEALl. | Fkg.a