The oasis., 1906-02-24

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 fHe ssid e0ftnfali0H .hsH tHHtnuf Iff tte fFfiufi af fHfnff ffe f}.I feaft and snel Hngs ihe tight fo renew sHa Nsiend lhe FetioH al lts sflsf ibe espifsiloa ai fhs .ald ffsi period
 sixfH The manaermenf aud r0nifal af lhe hnHurse pfqprfy aud sHeifs uf fhe eVffUfHs fl0h .bail hf vested in and conducted hy 2 b0gfd oi ihree lO Directors. whe siall ue elect. ed at the annual meeting of stockholders except fht first Board which shall consist Of T r. 0uprln E. l.. Kingan and John |. Wright who shall hold office na Directors until the first annual meeting 0f the stockholders. and until their successors are elected and qualified
 The first annual meeting of the stockholders Of this corporation shall he held on the third Monday Of January, la07, and on said date of each year thereafter.
 The officers of the corporation shall con- sist of q president vice president, secretary and treasurer, and such other officers the board of directors may from time Co time deem expe- dient.
 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 hy the death, resignation or otherwise, and the person, or persons, so elected to fill such vacancy, or vacancies, shall fill his or their office until the next annual meeting of the stockholders, and until their successors are elected and qualified.
 All of the directors and officers herein men toned shall be stockholders at the time of their election.
 The directors shall have full power and au- thority to adopt 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 poratiOn. the other officers of the company herein mentioned, and at their first, or organi- zatlon meeting shall elect said officers to serve until the first regular 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 an- nual election of directors bv 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 0 which this corporation ls at any time to subject itself is the sum of six thousand five hundred dollars ($6,50000).
 EIGHTH That the private property of the shareholders of this corporation is 70 be ex- empt from corporate debts
 NINTH: In furtherance, and not in iimita- ton of the powers conferred by statute and by these article of incorporation and by any by laws which may be adopted the board Of diree- tors is expressly authorized to issue and cause to be executed, bonds, debentures, or other St. curities and written evidences of indebtedness of the company, and 10 authorize the execu- tion of mortgages, liens, or other contract 0b- legations upon and with reference to the real and personal property Of the company, for the purpose of securing payment of such bonds, de bentures, securities or written evidences of n- debtedness by the company; tO make, alter amend and rescind the bylaws of the eompa- ny; to fix the amount to be reserved as an op- erating fund GIT working capital; to fix the time for the declaration and payment of divi- dends
 Either with the consent in writing, or pursu- ant to the affirmative vote of the holders Of q majority of the stock issued and outstanding at 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- videdi always, majority of the whole board shall concur therein.
 The company may use and apply it's surplus earnings or accumulated profits for the pur- pose of the acquisition of property and 10 the purchase and acquisition of it's own capital stock from time to time, to such extent and in such manner, and upon such terms as its board of directors may determine, and neither the property nor capital stock so purchased and acquired shall be regarded profits for the purpose of declaration of dividends, unless de- termined by the board of directors.
 IN WITNESS WHEREOF the said incorporators have heTennto set their hands and seals this 1st day of February, A. D. 1906.
 H. F. GUERIN, lsEAL.l
 S l.. kINGAN, fSEAL,l
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