The oasis., 1906-03-17

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 The hr.t annual meeting of fhc stockholders oi thi4 corporation shah he held on thp third Monday pi January lN5 and on -aid date of
 The officers of the corporation shall consist oi q president vice-presdent, secretary and treasurer. and such other officers as Che board Of directors may from time to time deem expe- dient
 Both the officers and directors shall hold their office for the period of one year from and after their election and qualification. and till their successors are elected and qualified. un- less sooner removed by the board of directors The members of the board of directorate shall have the power C. fl any vacancy occurring on the board by the death, resignation or nther- wise, and the person, CT persons s9 elected 70 fill such vacancy, or vacancies shall fill his or their office until the next annual meeting of the stockholders and until their 
 All of the directors and officers herein men, tioned shall be stockholders at the time of their election.
 The directors shall have fuIl power and authority to adopt by-laws, and to change CT 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 ether officers 0f the cDynpanv herein mentioned, and al their first or organiz- atI0n meeting. shall elect said officers t0 serve until the first regulur meeting of the Directors sueeeeding he first annual meeting of the stockholders aud thereafter said directors shall elect said officers at the first regular meeting Of the Directors succeeding each annual election 0f Directors hy the stockholders Provided that the president aud secretary shall De elected from the bnardoi directors and provided further, that the office Of vce-president and treasurer may be filled bv the same person
 SEVENTH. Tho highest amount 0i indebted ness or liability to which this corporation is at any lime 10 subject itself k the sum of -iXty-fFe thousand (SoaO0W dollars
 LiGHIH; That lhe private property of the shareholders of ths corporation is to be ex. enpt from corporate debts
 NINTH m furtheranee and not in limitation ol the powers conferred by the statutes and hy these articles oi iacOlWfatiom and 3v alv bV- laws which may be adopted. the board of di- rectars ls expressly authorized t9 issue and cause 70 be executed. bonds, debeniUres. CT other securitlesand written evidences of i'm debtednCSs uf the company and t5 authorize the execution 0t murigage~. liens ar other con tract obligations upon and with reference 10 the real and personal property Of tho company for the purpose Of securing payment of such bonds debcntures, securities of written evi. dences If indebtedness bv the company. to make, alter, amend. and reseind the bylaws oI the company; to fix the amount t0 De resery ea as An operating fund or working capital: to hN lhe lime tor the declaration and payment of dividends and t0 determine absolutely the amount II such dividends.
 EIthef with the consent in writing. or pursu. n 4lt t3ar- gf a majority oi the stock issued and outstanding hth stOckholders meeting duly called for that puFPoses % seli assign transfer, exchange or otheFWise dlspose oi the property of the com pany as m entirety, or any part thereof: Pro Vlded always a majority of the whole board shall concur therein.
 The company may use and apply it's surplus earnings 0r accumulated profits for the pur- pose ot the acquisition of property and t0 the purchase and acquisition of it's own capital St9cA rom Ime " time tu such extent and in such manner, aud upon such terms as it's board ot directors may determine. and neither the property nor the capital stock SO purchased and acquired shall be regarded as prohts for the purpose ot declaration of dividends unless deternned by the board ofdlrectors
 hat the board If directors shall elect an ex- eeutiye committee to consist of three (}) mem hers rom persons then directors Of the corpor- atlnn, said executive committee t0 be elected at the times that the other officers of the corp0- ration arc elected by the beard Of directors
 lne executive committee shall have and ex- efelse ai the powers of the board of alreet9is whenever quorum of said board shah iail e be present at any stated, or other meeting afthe board, and shall haze and eXer- else Ali the poWefs ol the board of directors at aii times when the board shall net be in ses- sloA ihei4ding the power to sign CT cause to be signed, the corporate name, and to atliX, or cause tu 2e atfiNed, the corporate seal ta all pa- leAs Whleh the executive committee shall deem eXpedient
 IN WITNESS WHEREOF, The said incorpora- tors, have hereRnto set theif hands and seals ihls lst day uf February, A. D.. 1905.
 F 5UERIS, ESEAL.i
 JOHN E. WRlGHR, [SEAL.l
 S l.. kINGAN. fSEAL.1