The oasis., 1906-02-24

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 The Hrsf annnal meeting 0f the st0rkhcidefs of tbis corporation shall be held on thc third Monday oi January le05 and 9n said date of eaeh year thereafter
 The officers of the corporation shall consist of n president, vice president, secretary and treasurer, and such other officers as the board oi directors may from time t0 time deem cxpe- dient
 Both the officers and directors ahall hold their office for the period of one year from and after their election and qualification and till their successors are elected and qualified ufi- less sooner removed by the board ol directors. The members of the board of directorate shall have the power Co iill any vacancy occurring on the board by the death, resignation CT other wise, and le person, or persons so elected 10 fin such v8eancy Or yaca1cies shall fill his cr their Cffice nnli the next annual meeting of the stockholders, and until their successors are elected and qualified
 All of the directors and officers herein men tioned shall be stockholders at the time of their election
 The directors shall have full power and authority to adopt bylaws, and to change or amend the same, as Il eg may deem expedient. The directors shall elsct, either from their own body, or from the stock CkhDlders of the cor pOratou, the ether officers of the company herein mentioned, and al their first or organiz- ation meeting, shall elect said officers tc serve until the first regnlur 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 annual election of Directors by the stockholders; Provided that the president and secretary shall be elected from the board of directors; and provided further. that the office of vice president and treasurer may be filled by the same person.
 SEVENTH The highest amount of indebted ness or liability to which this corporation is at auy time to subject itself is the sum of sixty-tiye thousand ($65,00O) dollars.
 EIGHTH; That the private property of the shareholders Of this corporation is to be ex- empt from corporate debts.
 NINTH, In fuTtherAnce and not in limitation of the powers conferred by the statutes and by these articles of incororatOn, and by any by laws which may be adopted, the board of di- rectOrS s expressly authorized to issue and cause to be executed, bonds, debentures, or other securities and written evidences of in, debtedness of the company, and to authorize the execution of mortgages, liens, or other con AIhth 0hliSatlOu> upbu hliu A1Afl EtASItuCe bp the real and personal property of the company, for the purpose Of securing payment of such bonds, debentures securities or written eyi- dences of indebtedness by the company to make, alter, amend. and rescind the bylaws of the company; to fix the amount to be reserv- cd as an operating fund or working capital; to fix the time for the declaration and payment of dividends, and to determine absolutely the amount of such dividends.
 Either with the consent in writing, or pursu- ant to the affirmative vote of the holders of majority of the stock issued and outstanding at q stockholders meeting, duly called for that purpose, tO sell, assign, transfer, exchange or otherwise dispose of the property of the com pany as an entirety, or any part thereof Pro vided always a majority Of the whole board shall concur therein.
 The company may use and apply it's surplus earnings ar accumulated prahtS for the pur- pose of the acquisition of property and 10 the purchase and acquisition of it's own capital stock from time to lime to such extent and ill such manner. and upon such terms as tS board ct directors may determine, and neither the property nor the capital stock purchased and acquired shall be regarded as profits for the purpose cf declaration Of dividends, unless determined by the board of fdrectors
 That the board 0f directors shall elect an eX- ecutye committee ta consist vi three (3l mem bers from persons tlen directors of the corpor- alton said executive committee te he elected at the times that the other officers of the cerpo- ration are electe hy the beard of directors.
 The executive committee shall have and eX crcise all the powers of the board VI directors whenever quorum oi sai0 board shah fail to be present al any stated, or other meeting 0fthc board, and shaI have and eNer- rise all the powers 0l rhe board 0i directors at all times when the bqard shall not be in aes- sion, inclading the power to sign, ef cause Co he signed, the corporate name, and to atlXf ~ cause to be affixed. the corporate seal e all pa pe4s which the executive committee shall deem eMpedient.
 IN WITNESS WHEREOF, The said incorpora- tors, have hereunto set their hands and sals this lst day of February, A. D., 1906.
 II F GuERIN [SEALl
 JoHN B WRIGHR, lSEAL.l
 s. l.. klNGAN, lSEAL.l