The oasis., 1907-03-16

sEcosD. The general nature of fhe busiBess proposed tO be transacted by fhis Corporation ls as follows, tO.Wit. ln tbc Republic of Nex icO, United states Oi America Or any other country, tO engage in and carry on fhc busi. ness of promotion and t0 c0ndt ct and transact general real estate aud mining business. with ful powers tO make contracts, t0 puf- chase, lease. bond locate or OfherW tsp apuulrr own. exchange, sel or otherwise dispose of pledge, mortgage hypothecate and doai in real cstftc, grants. concessions and licenses, and any and all kinds of personal property, in- cluding bonds and shares cf thc capital stock ct this and other corporations, mines. mining claims. oil lands coal lunds, mineral .a1ds oil, gas, coal, shale, asphaltum, petfo- leum. asbestos, salt, water and water rights and machinery and Co work mine, explore operate and develop the same, Co borrow money and execute notes, bonds, mortgages or deed. of trust tO secure the same and tp exercise in respect thereof, and of all shares of capital stock and other securities and Obliga- tiOns any and all rights, powers and privileges Of individual owners, including the right to vote any shares of stock held by it t0 the same extent that natural person might or could do: and in general to do all things necessary to the proper con duct of the business of this Corporation in the | Territory and elsewhere, not inconsistent with the laws of the United States and the Territory of Arizona, or the Republic of Mexico.
 ] THIRD: The authorized amount of capital stock of this Corporation shall be Five Million Dollars Dollars ($5,O0OCoN divided into One tl.NUNiDU) | value of Five Dollars ($5.00) each At such times | as the Board 0f Directors may by resolution | direct, said capital stock shall be paid into 1 this Corporation, either in cash or by the sale concessions granted by governments, | corporations private parties, for the uses and purposes of said corporation | in payment for which shares of the capital stock of said corporation may be issued, and i the capital stock issued shall thereupon and thereby become fully paid up and non assessable, and in the absence of actual fraud in the transactions the judgment Cf the Direct | ors as to the value of the property shall be conclusive and irrevocable.
 l FOURTH The time of the commencement Of this corporation shall be the date of the filing of a certified copy of these Articles of Incor- poratiOn in the office of the Territorial Auditor, and of the Recorder of Santa Cruz County; and the termination thereof shall be twenty-five years thereafter but the same may be renewed for further periods of twenty five years perpetually as provided by law. ! FIFTH The affairs of this Corporation shall be conducted by Board of not less than three and not more than seven Directors, and the | following named shall constitute the Board of Directors until their successors are elected; Albert John Aitkens, Henly Sell, Thomas George Lamb Francis Heron Rogers and Isaac Thomas. (Three of the Directors shall consti- ute quorum). Thereafter the Board of Directors shall be elected from among the stockholders on the second Tuesday in January of each year. Any and all vacancies occurring
 in the Board of Directors may be filled by the
 remaining members or the Board appointing
 others to supply such Until their successor,
 are elected the officers of said incorporation
 shall be: Henry sell President; Isaat
 Thomas Vice President; Albert J. Aitkens
 Secretary; Thomas c. Lamb. Treasurer. Any
 two of the above offices, except those of Presi
 dent and e-President may be held by the same person. The officers of this Corporatiol
 hereafter shall be selected by the Board O
 Directors.
 SIXTH: The highest amount of indebtedness, or liability, direct or contingent, to which thi
 corporation is at any time subject shall b Three Millions Three Hundred Thousand
 Dollars (S3300000) which amount does nc
 exceed two thirds of the amount of the capita stock
 SEVENTH: The private property of the stock holders of this Corporation shall be exemp from Corporate debts of any kind whatever. EIGHTH This Corporation shall have and i ' hereby reserves the right to alter or amen'
 any or all of the provisions of these Articles il such manner as is now or may be hereafte provided by th9 laws of Arizona.
 z IN WITNESS WHEREOF we have hereunto se our hands and seals this Fourth day of Febru ary, One Thousand Nine Hundred and Seven
 ALLEN T. BIRD, SEAL : DANE D. BIRD, [SEAL.l