The oasis., 1906-05-19

lWilIr. .f IlI.t,.- TTf9H 5n6U Wtl been ffHf f.f lu.Ulf NIfN fNf ftftNlfE Nf eNfiN fH NNNIis NfIx0pH 4nl o fbn 1Hlrg 20 fNr Holi N0 Nl tNf lNNllNfY m tfitNna iFN .nN Nuf |. Hlr fffj leafs nud .hsil haYH fhe right lU loneN snd extend fNN period of ils lelNoufe l,f twenty HVe fni ycHfs lfOm pnd ahFf Zoe tSpiratiau pf ihe sald nfsi period.
 atvrn rhc management and control oi ihe iusiuc-s property tnd Hfnits of the Corpora. fiOn shah hc vested n and conducted hy D0nrd uf not less ibau three f0 nor more than five ,) directors, fthc uuulhcrto Co bc hxed at each annual meeting hy majority vote ri lhc stock issnedJ whp shall be elected at the annual meeting of stock heders except the iirsi board Whieh shall consist of three (8) directors, t0- vii. A. A. Neil l r. Burt and J X Neii who shall hold office ns directors until the first on. nual meeting of the stockholders, and until their successors are elected and qualified
 The first annual meeting of the stockholders of this corporation shall be held on the third Monday of January, 1907, and on said date of each year thereafter.
 Tie officers of the corporation shah consist of president, vee-presiaent, secretary and treasurer and such other officers AS the board of directors may from time t0 time deem ex- pedient.
 Both the officers and directors shal hold their office for the period If one year from and after their election and qualification, and till their successors are elected and qualified, tn- less sooner removed by thc board of directors
  shall have the power 10 fill my vacancy curing on the board by the death, resignation or otherwise, and the person or persons, So elected tu i'll such vacancy, or vaCanG4ea. shall fill his ar their office until the next annual meeting of the stockholders, and until their successors are elected and qualified
 All Of th directors and officers herein men toned shall be stockholders aI the time of their election
 The directors shall have full power and authority tU adopt by laws. and t0 change ar amend the same, aS they may deem expedient
 The directors shall elect either from their own body or from the stock holders of the cor parati0n, the other officers Dfthe company here in mentioned and at their first ar organzA- ton meeting, shall elect said officers to serve until the first regular meeting Of the Directors succeeding tue first annual meeting 0f the stockholders. and thereafter said Directors shall elect said officers at the first regular meeting uf the Directors succeeding each an- nual election Of Directors by the stockholders, Provided that the president and secretary shal be elected from the board nf directors; and provided further, that the office VI vice. president and treasurer may be filled by the same person.
 Three (3l members Of the board of directors constitute q quorum; but all resolutions must be adopted by unanimous vote where only three ta) directors are present.
 All documents orders, cheeks, deeds, or any other writings creating legal obligations ef whatever nature, etc. requiring the signature 0f the company must bc signed by the pres dent and eonnter-signed by the secretary.
 All earnings of the company must be divided annually by means of dividends declared on the stock, at the annual meeting. SEVENTH The highest amount Of indebted ness or liability ta which this corporation is at any time ta subject itself is the sum of Six Hundred X Fifty Thousand Dollars (*650. .0o0.l EIGHTH That the private property oi the shareholders Of this corporationi is to be exempt from corporate debts
 NINTH: In fmrtherance and not in limitation of the powers conferred by the statutes and by these articles of incorporation, and by any by laws which may be adopted, the board of di- rectors is expressly authorized Co issue and l cause t0 be executed bonds, debentures, or debtedneas of the company. and to authorize tract obligations upon and with reference to the real and personal property Of the conn pany, for the purpose Of securing payment of such bonds, debentures. securities or written evidences of indebtedness by the company to 1 make, alter, amend and resend the by-laWs of the company, to fix the amount 70 be re served as an operating fund or working capital Either with the consent in writing, or pur- 1 suant to the affirmative vote Of the holders Of q majority of the stock issued and out-stAnding at stockholders meeting, duly called for that purpose, to sell, assign, transfer exchange or otherwise dispose of the property of the company an entirety, GIT any part thereof; Provided always majority 0f the whole board shall concur therein.
 IN WITNESS WHEREOF, We have hereunto set our hands and seals this second day oi May lgN6.
 \. 4. NEIL gsEAi..l
 | |. BURT, [sEAT.l