The oasis., 1906-03-03

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 afxfu fhe management and eunfiul pi the httslness property and anaire ol fhe cpfppfn fian shHll 1e vested ln and conducted bf h Hoard of three go Directors. whu shall pe cleet ad af the annual meeting of stockholders, exoept the first Board which shall consist ui If F tuerln S I kingan and John 8. Wright who shall hold office as Directors untli the first annual meeting 0f the stockholders, hnh nntil thelr successors are elected and qualified
 The first annual meeting of the stockholders of this corn0ratiOn shall be held on the third Monday of January, 1907, 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-
 Both the officers and directors shall hold their offices for the period of one year from and after their election 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 the person. or persons so elected 10 nli such vacancy, or vacancies, shall hll ms or their office until the next annual meeting ot the stockholders, and untll thelr successors aTe
 All of the directors and officers herein men. toned shall be stockholders at the time ol their election.
 The directors shall have full power and au- thority 10 adopt bylaws, and to change CT amend the same as they may deem expedienf.
 The directors shall elect. either from their own body, or from the stockholders oi the cor poration, the other officers of the company herein mentioned, and at thelr nrst or ofgahl- zation meeting. shall elect said officers to serve until the first regular meeting of the difectGfs succeeding the first annual meeting ai lhe toekholders, and thereafter said directors shall elect said officers at the first regular meeting 0f the directors succeeding eacn an nual election of directors by the stockholders provided that the president and secretary shall be elected from the board of dlreetQfst and provided further that the office ol Vlce- president and treasurer may be filled bE the same person.
 SEVENTH The highest amount of Indebted ness or liability U which this corporation is at auv time to subject itself is the sum of SIX thousand five hundred dollars (S55e00ol
 EIGHTH. That the private property oi the shareholders of this corporation K % be eXs empt from corporate debts.
 NINTH In furtherance and rot in limita- ton of the powers conferred by statute and by these article Of incorporation and hy any by- laws which may be adopted, the board oi alrec- tors is expressly authorized to issue and cause to be executed. bonds. aeheniures, or other se- curities and written evidences or indebtedness of the company aud 10 authorize the eNeen- fion af mortgages, liens, or other contract 0b- lieations upon and with reference to the real aid personal property or the 0mpAny, for the purpose of securing payment of such bondSde- bentareS securities or written evidences oi Ill., debtedness by the company U make, alter, amend and reSeind the bylaws Of the conlpa- nvt to X the amount tO be reserved as an 0p- erating fund or working captAli to fix the ] time for the declaration and payment 0i alNa- dends.
 1 Either with the consent in writing or pursu- i ant to the affirmative vote of the holders VI q i majority 0f the stock issued and outstanding at i d stockholders meeting. duly called tor thai ] purpose, to sell assign, transfer, exchange, CT l otherwise dispose of the property oi the com ] pany as an entirety, or any part thereof: Pro ] vided always, q majority 0E the whole board shall concur therein.
 The company may use and apply Its surpiM earnings or accumulated profits for the pur. pose of the acquisition 0f property and fo the purchase and acquisition Of its own capital stock from time to time 10 such extent and n such manner, and upon such terms as JUS board of directors may determine and neither ths property nor capital stock so purchased and acquired shall be regarded as profits tor the purpose Of declaration Of dividends, unless de- fermined by the board of directors IN WITNESS WHEREOF, the said lncorporatofs have hereunio set their hands and seals this isl day Of February A. D., 1906.
 H. F. GUERIN, lSEAL,l
 \ L, KiNeAN, lsEA1]
 I0HSs K WRIGHT. lSEAI.l