The oasis., 1906-11-24

0n00j dOllaw divided into fhfee hundfYH th0usand NW.WOJ shafe4 designated Hs bfefqf rcd stock pnutled to preference and pfiofiiN Of hOn cumulative dividends, moi exceeding seven pof eeHtun per aunnfn. and two hun dfed thousand f20U0W shares designated a4 common stock entitled tD dividends in con junction with the preferred stock after the priority payment thereun 0f dividend of seven per centnm per annum from Che net earnihes- Of the cOfporatiOu
 Each share of stock to be oi the par value OH one WltW dollar, and may be paid in by casha or by property or by any form of property upOn such times. terms and conditions as the Board Ol Directors shall determine fully paisa and nOn-assessable.
 Any person not stockhoder may serve ga. an officer or director. provided he holds pow CT of attorney Co act for one who is stOgs- holder, and his power of attorney is filed wish The corporation.
 ARTICLE VI The management and conue1 of the property and business of this cOrpOs5- ton shall be vested in Board Of not less tham three and not more than seven Directors, who shall be elected annually by the stockholders Any vacancy occurring among the officers ant directors may be filled by the remaining mem bers of the Board of Directors, and such person shall hold his cfice 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 mum Der of Directors may be filled by them, shall be~ Melvin Stephens, James Van Slclen, Abraham Van Siclen and James l.. Dillingham;
 ARTICLE VII. The officers of this corpoTE- tiOn, who shall be elected annually by the Directors after the first year, shall be Pre- sident. Nice-President, Secretary and G Treasurer, and such other officers and agents 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 Niee-President of this corporation shall be members of the Board of Directors The following officers who shalE serve during the first year and until their sue cessOrs duly elected and qualified, are Mel
 
 Vice-President; James L. Gillingham, Secret ary and Treasurer.
 ARTICLE VIII. The annual meeting of the stockholders of this corporation shall be ealletk 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 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 eitheK 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 of trust of any real estate or per sonal property of the corporations to sell 9E- dispose Of any and all property of the. corp0T- ation in the regular course of its business. whenever they deem best, but mortgage or sa deed of conveyance of the real estate of this corporation shall not be made except upon vote or written assent of two thirds ill number of the directors then in office; to establish off ces and places of business ill such other States Territories or foreign countries as may be deemed necessary for the proper conduct of it's 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 cf indebtedness or liability which this corporation may at aBN | 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 dag of October, in the year 1906, with terminatiOGs thereofupon the first day of october, l930, ansls with such other further corporate existence as. l 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 a 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 i'm | writing, mailed to each stOckholder of record at his last known place of residence or of bnsi- ness, or as shown on the books of the corpoT- | ation.
 In witness whereof we have hereunto set ouK | hands and seals this twenty second day oh september, A. D. 1906
 MELVIN STEPHENS, [SEALl- JAMES VAN SICLEN, STALL | I, (fITIINGHAM ISEAI1-