The oasis., 1906-03-03

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 4 W sHNN be fee'eH ln a1a N4aUA fsH N vsNlfl ri unf ifss fhfu tHff f liuf Hrfe ftff sefrH co diferlufs. gHf famAff fu hf H4ad f| thr byAiHWt Wha sA4ll te bltefha af ffr nuuf meeting oi stockholders fTeeff tle ff.t b0af which shHil con isf ihf4e f.i nlfarfffs wli: lI. F Durrln. John H Wright and 4 f. kingan, who shall hold office As directors nptf tsc hr-i annual me ting of the stockholdegs m nn II their sue cssors are elected ana lal
 The first annual meeting of the .tockhci Ter, Of this corporation shall be held cn the third Monday of January, lyy7, and on said date ol each year thereafter
 The officers of the corpnrafion shall eoneis, 0i president, yice-president secretary and treasurer, and such other officers as tha board ot directors may from time 10 time deem expe dient
 Both the officers aud directors slal hold ! tneir otfce for the period of one year from and alIer their election and qualification and Gill !heir successors are elected and qualified, un- less sooner removed by the board If directors
 The members of the board of directorate shall nave the power 0 fl any vacancy occurring on The board by the death, resignation or other. Wise ana the person CT persons, so elected to fill such vacancy, or vacancies, shall iill his CT their office until the next annual meeting of the stock holders and until their successors are elected and qualified
 All of the directors and officers herein mem uoned shall be stockholders at The tne oi their election.
 The directors shall have full bower and authority to adopt bylaws, and to change or amend the same, as trey may deem expedient
 The directors shall elet eIthsr from their own body or from the stockholders of the cor poratien, the ether officers Of inc companv herein mentioned, and at their first or 0rgAniz- atl0n meeting, shall eject said officers sarve until the first regulur meeting of the Directors succeeding the first annual meeting of the st0ekhulders and thereafter saia direct9rs snail elect said officers al the first regular meeting 0t 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 ice-president and treasurer nav be filled by the same person.
 SEVENTH: The highest amount of indebted ness or liability to which this corporation Is at any time to subject itself K the sum of sixty-tiye thousand (S65,00O) dollars
 EIGHTH: That the private property of the shareholders oi thls corporation is to be ex- empt from corporate debts.
 NINTH In furtherance and not in limitation n ot the powers conferred by the statutes and by these articles ol incoreration, and by any by- laws which may be adopted, the board of df- rectors ls expressly authorized to issue and cause to be executed, bonds, debentures or other seeuritieSand written evidences of in- uepteuhess Vf the company, and t0 authorize the execution of mortgages, liens, or other eon- references the real and personal property of the company Tor the purpose Of securing payment of such ponds, debentures securities or written eyi- ueiees at indebtedness by the c0mpanys 10 make, alter, amend and rescind the bv-Iaws ot the company: 10 fix the amount to be reserv- eu as an operating fund or working capital. to TX the time for the declaration and payment pl dlVllends, and todetermine absolutely the amount 0f such dividends
 Either with the consent in writing or pursll- aht 70 the affirmative vote of the holders sOf majority Of the stock issued and outstanding at stockholders meeting. duly called for thai dispose of the property of the com pany as an entirety, or any part thereof. Pro vided always majority of the whole board shall t0ncur therein
 The company may use and apply it's surplus earnings or accumulated profits for the pur- pose oi the acquisition of property and to the purchase and acquisition of its own capital stock rom time t0 lime, to such extent and in such manner, and upon such terms as its board ! 9t directors may determine, and neither the property nor the capital stock 50 purchased ana 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- l ecutive committee to consist of three @ mem- 5ers from persons then directors of the corpor- ition, said executive committee to be elected It the times that the other officers of the corpo- ration are elected by the beard of directors i The executive com mittee shall have and ex- 1 .rclse all the powers of the board of directors whenever quorum of said board l haii fail to be present at any stated or other | neeting of the board, and shall have and exer { .iSe all the powers of the board of directors af lll times when the board shall not be in ses- l ion, including the power to sign, CT cause to i z signed, the corporate name, and to afiix or | ause to be affixed the corporate seal tG all pa i 'efs which the executive committee shall deem 'xpedient
 IN WITNESS WHEREOF, The said incorpora- ors, have hereunto set their hands and saals his lst day of February, A. D., 1906.
 IF F. GuERIN FSEAIa1 i
 JOHN R WRIGHR fSFArf 1