The oasis., 1906-06-30
ARTICLES OF INcoRPORATIoN
 -0F THR~ I,AN-A AMERICAN DEVELOPMENT COMPANY

KNOW ALI MEN BY THEsE PRESENTS, That wp. samuel H. Grnbpa, faal If Seymour alan Harry Austin Glapp, each of whom is A citizen of tne United states of America. heing desif0us Territory 0f Arih9na. have this day voluntarily associated ourselves together into 4 body cor purate and do hereby make, sign and neknoMl- eage, each for himself, and do adopt these Articles ui Incorporation, and do hereby cer- tliys
 fiRsr, Tho name of this corporation and by which it shall nc authorized tU ari is 'aTHE pAN-A AMERICAN DEVELOPMENT C0M- pANY.r
 SECOND. The names Of tho Incorporates are samuel 5 GFuhbss Paul II. seymour aud Harry Austin Giapp and the principal office, or place ui tfAnsaetiHg of hnSt- ness ol this corporation shall be in the town ei NDgales, santa Irnz County Territory at Arig~nA, but branch aiiiees inay be kept and maintained at such ether nl8ee of plneeseffh in ihe United States of America or f0reipn countries, Aa the Board af Directors uaAV from time to tune determine, atany oi Nhich ofli- ees meetings ni the sioekheideIS and directors may be heid and ali business transacted
 lHIkD. The amount 0f fbe capital stock oT thls corporation shall he Five Million Dollars tSaN1,Nu01 divided into Five Million sbAres l5iVg00p01 oi the par value oi One Dollar (SiD0) each.
 Al such times and under such conditions as the Banra of Directors mAy dirscf sErh ea bt. tal stock shalt be paid into the CorB0fatifn either in cash or by the sale aud transfer to if ei real or personal property ar services for the use and purposes CT sAlu corporation. in payment oI which shares 0f the capital stock shallbe issued. and such stock when issued shall Be fully paid and nOn-assess4ble. and the Judgment oi the Boafd of Directors as to the value of the property purchased or services renaerea Shali he conclusive.
 The capital stuek may be increased or de- creased ny the affirmative vote Of the majority pl She stock then issued; but in case ui the increase of the capital stock. each shareholder shall have the privilege Of subscribing for such number at shares Of the proposed increase as be may he entitlea to according Co | he number oi shares held by him before the stock is in creased.
 FouRTH. The tune of the commencement of this corporation shall be the day 0i the filing Of fts Articles oi Incorporation in the office of tue County Recorder Gf santa Cruz Conntyam aeeTtiied copy in tho office of tbe Auditar for the Territory 0l Arizona apd the termination thereef shall be twenty five years thereafter.
 FIFTH. The business affairs 0f fthiscarporatian shall be conducted by Board If Directors consisting oi not less than three nor more than five members, each Of whom shall be a stockholder and whenever director ceases to be stockholder he shall at the same time cease 10 be il director.
 They shall he elected annually by tho stock holders at their annual meeting which shall be held on the first Monday in Ailengf of each year, after the year one thousand nine hundred and six Q906) said meeting to be hel6 in any Of the offices of the companv and they ghal hold their offices until their successors are duly elected and qualified
 Any vacancy in the Board of Directors may be filled by the remaining members of the