The oasis., 1906-03-10

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 The .ald enfpnfatloN shali e0niihuf Cor fhe period Nf fHeHff ffe HI tfaf4 and tHnI Nffn lhe tight lo fenee and etiend fhe period oflls existence iHf lHtnfF HFN ft1 rtHff ifnin HHd after the expiration Ui ihe ssld hfsf period
 slxfu The inanaecmefi nud rpuifl' ei thc business property nnd affairs ~ iht eofrofa. tlau shall he vested lu and conducted uy a Huefd uf fhffc t1 Directors who shah he elect. ed Hf the annual meeting of stockholders. etceft Che ffsf Board which shalf consist oi ll Guern l kinRan and John g Wright. who shall hold office Hs Directors nnfil thr first hnnunl meeting ei fhe stockholders. Hud until their successors are elected and Qnahhcd. The first annual meeting of the stockholders Of this corporation shall be held on the third Monday of January, lgo1, and On said date of each year thereafter
 The officers of the corporation shall con- sist Of president. vice president secretary and treasurer, and such other officers as the board Of directors may from time to time deem expe- dient
 Both the officers and directors shall hold their offices for the peried of one wear from and after their eleetian and qualification, and until their successors are elected and qualified, unless sooner removed by the board Of directors.
 The members of the directorate shall have the power to fill any vacancy occurring on the board by the death, resignation or otherwise, and he person. or persons. so elected to fill
  their office until the next annual meeting af the stockholders, and until their successors are elected and qualified
 All of tne directors and officers herein men toned shall be stockholders At the time 0t their election.
 The directors shah have full power and au- thority to ad1pt bylaws, and to change or amend the same. as they may deem eXpedient. The directors shall elect, either from their own body. or from the stockholders of The cor porati0n, the other officers oi the company .l zation meeting, shall elect said officers 70 serve until the first regular meeting of the directors succeeding the first annual meeting oi the ockhulders, and thereafter said directors shall elect said officers at the first regular meeting of the directors succeeding each an- nuAl election of directors by the stockholders; provided, that The president and secretary shall be elected from the board af directors and provided further, that the office of vice president and treasurer may be filled by the same perscn.
 SEVENTH. The highest amount of indebted ness or liability to which this corporation E at any time to subject itself IS the sum oi SIX thousand five hundred dollars lSt3M0t).
 EIGHTH That the private property of the shareholders of this corporation ls lo pe eN- empt from corporate debts.
 NINTH. Tn furtherance, and not in imita- tion of the powers conferred by statute and by these article uf incorporation and by any by laws which may 0e adopted, the board ot direc- tors is expressly authorized to lssne and cause to be executed, bonds, debenIures, or other se- curities and written evidences 0f indebtedness Of the company, and to authorize the exeeu- tion ct mortgages, liens, or other contract obs ligationS upon and with reference to the real and personal property of the company, for the purp0se Ot securing payment of such bonds, de bcntures, securities or written evidences of ln- debtedness by the company; ta make, alter amend and rescind the by-iaws Of the eompa- nv to fix the amount to be reserved as an op- erating fund or working capital: 10 fix the time for the declaration and payment of diyi- dendS.
 Either with the consent in writing, or pnrsu- ant to the affirmative vote of the holders of Il majority of the stCck issued and outstanding at a 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 c0ncHr therein.
 The company may use and apply its surplus earnings or accumulated profits for the pur pose of the acquisition of property and to the purchase and acquisition of its own capital stock from time to time, t0 such extent and in such manner, and upon such terms us It's board of directors may determine, and neither the property nor capital stock so purchased and acquired shall be regarded as profits for the purpose Of declaration oi dividends unless de- ternined by the board of directors
 K WITNESS WHEREOF, the said ineorporators have hereuntG set their hands and seals this Ist uas 9f February, \. D., lgO6.
 H, Fl GUERlN [SEAL.)
 S. L. kINGAN SEAfsl
 tQuN K WRIGHT f~FAI1