The oasis., 1906-03-10

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 rhe first annual meeting of the -fpckhclders of this corporation shall he held on the third Monday ol January, i.U7 and ou said date of each year thereafter
 The officers of the corporation shall consist Of q president, vice president, secretary and treasurer, and such other officers as the bos rd of directors may from time Co time deem expo. dient.
 Both the officers and directors shall hold their office for the period of one year from and after their election and qualification. and till their successors are elected and qualified un- less sooner removed by the board of directors. The members of the board of directorate shall have the power t0 iiil any vacancy occurring on the board by the death resignation cr other wise, and the person, er persons, s9 elected t0 fill such vacancy, or vacancies. shall fill hsar their office until the next annual
 
 successors are elected and qualified
 All of the directors and officers herein men- toned shall De stockholders RI the time Of their election
 Tie directors shall have ful power and authority to adopt bylaws. and to change or amend the same as they may deem expedieni
 The directors shall elect. either from tneis own body. or from the stockholders of tie cor p0ration, the other officers of the company herein mentioned, and at their first or nfganZ ation meeting shal elect said officers Y serve until the rst reguur meeting of the Directors succeeding the first annual meeting of the stockholders. and thereafter said directors shall elect said officers at the first regular meeting of the Directors succeeding each stockholders: Provided that the president and secretary shall be elected from the board oi directors and provided further. that the office of vice president and treasurer may be ililed by the same person.
 SEVENTH. The highest amount Of indebted ness or liability to which this corporation ls at any time 10 subject itself is the sum of sixty five thousand t$65,000l dollars
 EIaHrH: That the private property 0f the shareholders Of this C. operation X to be ex- empt from corporate debts.
 NINTH. In furtheranee and not in limitation Oi the powers conferred by the statutes and by these articles of incorpration, and by any by laws which may be adopted. the board of di- rectors is expressly authorized to issue and cause tn be executed bonds debentures or other securities and written evidences of in- debtedness 0f he company, and to authorize the execution of mortgages, liens, Or other con tract obligations npun and with reference to the real and personal property of the company for the purpose Of securing payment of such bonds, debentures, securities or written eVi- denccs pf indebtedness by the company, to make after, amend. and rescind the bylaws CT the company to fix the amount to be reserv- cd as an operating fund or working capital. 10 TX the time for the declaration and payment ot dividends and co determine absolutely the amount at such dividends.
 n Arf fa4fr ant 10 the affirmative vote 1T the holders Of < majority Of the stock iSsned and outstanding at stockholders meeting. duly called for that purpose t0 sell assign transfer exchange oT dispose of the property af the com pany aS all entirety, CT any part thereof. Pro vlded always majority Of the whole board shall taneHr thefein.
 The company may use and apply its surplus earnings ui accumulated profits for the pur pose ol the acquisition of property and to the purchase and acquisition of its own capital stock from time tD ume to such extent and in such manner, and np9n such terms as its board Oi directors may determine. and neither the property nor the capital stock so purchased and acquired shall be regarded as profits for the purpose cf declaration Of dividends, unless determined by the board of directors
 That the board of directors shall elect an ex- ecutive committee to consist of three @ mem berS from persons then directors of the cOrpor- at the times that the other officers of the corpO ration are elected by the board of directors The executive com Hnttee shall have and ex- ercise all the powers of the board of directors whenever Il quorum of said board shall fail tO be present at any stated, or other meeting of the board, and shall have and exer- else all the powers of the board of directors at all times when the board shall not be in ses sion, including the power to sign, CT cause to De signed, the corporate name, and to affx, or cause to be affixed the corporate seal to all pa pers which the executive committee shall deem expedient
 IN WITNESS WHEREOF, The said incorpora- tors have hereunto set their hands and saS this lst day of February, A. D., 1906.
 H. F, GUERIN fSEAL.l
 JOHN R. WRIGHR, fSEAL1
 5. l.. KINGAN, SEALl