The oasis., 1906-05-26

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 saegsi mniar mad fsagetion busne- ru mHke contracts. to ruehaeo eHse bond, iocaie af otherwise aNguife OVID, a&eAHuge seil er otherwise dispose uf pledge mortgage, Aud aH Kinds oi personal property. fniNes. mining claims. oii lands, coal lands mineral lands ail s1s, roai shalr asphalinm, pe4o. ienm astest}s sat-, water and water iigffs and machinery. and Co work mlie explore operate and develop [ he same; and M general to dc all things necessary to the proper tou- duct os the business oi f4is Corporation in tHe Territory and elsewhere, not inconsistent with the iawS af the United States and the Territory Of Arizona.
 THIRp. The authorized amount of capital stock of this Corporation shall be Five Hundred Thousand Dellars tSl0U00Q) divided into One
 
 Five Deiiars tx3M) each. At such times As the Board of Directors may by resolution direct. said capital stock shall be paid into this Corporation. either in.cash or hy the sale and transfer 70 it VI real or personal property Tor the uses and purposes uf said corporation, in payment for which shares Of tie capital stock of said corporation may be issued. and the capital stock sc issued shall thereupon and thereby beeome and be fully paid np and n0n- assessable, and in The absence nf actual fraud in the transaction the judgment of the Direct ors as to the yalne 0f the property purchased shall be conclusive
 FOURTH The time of the commencement of this Corporation shall be the date Of the filing of Il certified copy of these Articles af lnc0r- p0ration in the office of the territorial auditor, and of the recorder of santa Cruz County, and the terminaticn thereof shall be twenty-five years thereafter
 FlFTH: The affairs Of this corporation shall be conducted by board of five or more Directors and the following named shall constitute the Board of Directors until their successors are elected l. Ephraim, R. A Thompson. Robert Christie, Norman Ross, !. N. Nj. Alley. Dr. N Cavanagh II S Eberle
 Thereafter the Board Of Directors shall be elected from among the stockholders on the second Thursday m January of each wear. The officers vi said Corporation until theif sneeessars are elected shall be. ~ kphraim. President. K. \. Thompson, Vice President Robert Christie, ~ecretary Norman Ross, Treasurer
 SIXTH The highest amount of indebted. ness or liability direct " contingent, ta which this Corporation X at any time Sahjeet shali Ae Twenty-Five Thousand Dollars Es23AN. } which amount does not exceed two-tAirds the am amt 0f capital stuck
 NNNMAIh. lhe private prnpfftye ef he stock h@l8eFs M thls Corporation ~halI be exempt from corporate ashg, ot any kind WhassOver IN WITNESS WHEREOF We have hereHut0 sei our hands and seals this twelfth dag ai April lAN. N EfHRAfW. feNAHf
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