The oasis., 1907-01-19

INH fHWfHWNIBM fUf fhMa NWiriW yi iN tfNHHtNN aHHll MHfH lh# NN# mHnHHfUV uN iN0 pfNa.ut HH4 Nii fHHH fWfI ul Nlf tn ~ lNlf thftWfHHHh tI ei HfliU. iuUlH as Ail m ihe sHate bi lfe.tlri HUf 0f lft NWrNfail1u l Converted hiY Common slFH HUI fNfifH1 utlfiUuf Hf IHp Hftl ffUes NHfninH. N thp tufrufHUuH lU each year iU liuuIdWp cumulnled diYiien thpfe0u may bD dut ff wniufng during aid tpaf oh the issued rfe ioffcd shares
 Atfuth dimes and under s1ch conditions as lho NUafd Oi Directors mar lifpct auth capital stock shad be paid Into tbe Corporation either by cash of by Che sa aud transfer Co it of real 0f personal property Of services i0f the use and purpose Ui sAid e8fpofaiipn in payment Uf wbich shares uf tho capital stock shall be is. sued and such stock when issued shall be fully pnid and nOn.Hssesssblt and the judgment of the Board Df Directors As Co the value of the property purchased or services rendered shall loo, in Che absence of actual fraud, conclusive.
 The capital stock may be increased or de- creased by the affirmative vote Of the majority Of Che stuck then issued but in ease Of the in crease Oi the capital stock, each shareholder Of either of the Common or Preferred shares snail have the pfiviige of subscribing for such number uf the proposed increase as he may be entitled Co according Go the number of shares held by him as evidenced by the Records Of the company before the stock is increased.
 ARTICLE VI. The business affairs of this cor pOratiOn shall be conducted by Board of Di. rectOrs consisting of not less than three nor more than eleven members each of whom shall be a shareholder, and whenever Di- rector ceases tO be stOckholder he shali at the same time cease to be 2 Director.
 They shall be elected annually by the stock holders at their annual meeting, which shall be held on the first Monday in January, 1908 and OF said date each year thereafter and said meetings to be held in any of the offices Of the company, and they shall hold their offices until their successors are duly elected and qualified.
 Bylaws of this corporation in the election of Directors shall provide that the vote of any stOckholder may be cast in person or by writ ten proxy, which written proxy. when once in writing and such revocation filed with the Secretary of the corporation.
 Any vacancy in the Board of Directors may be filied by the remaining members of the Board by appointment from among the stock holders and such appointment shall be for the unexpired term of which the appointment is made.
 The first Board of Directors shall consist o the following persons, to-wit: Charles W Bolen Cyrus J. MitZel, Benjamin s. Phillips John Glasson and H. Gordon Glore. The present Board of Directors are empow cred to add to the Directorate at any time prior to the Annual Stockholders meeting, tc be held on the first Monday in January. 1908 six new members. A majority of the Board oi Directors shall constitute quorum for the transaction of all business.
 The Directors shall have full power anC authority to adopt By. laws and to change anC amend the same as they deem expedient. lt shall be duty mandatory on the Board Q Dire tors of this corporation, to annually set a side, su iicient amounts in cash from the corpor atiOns first gross earnings t0 be applied to tho exclusive purpose of liquidating all interest O | dividend charges. matured or maturing during ! the year on any and all If its issued and out standing Preferred Stock
 | All earnings of the corporation, exceptinl | go much thereof as may have been, or Iron | time to time is deemed expedient and neces | sary by the Board of Directors to be set asid | for the future successful conduct of its busi ! ness, payment of liabilities purchasing 1 eGnipping, developing, improvements, en largements, operations and for sinking fun' | or reserve purposes must be divided annual | by means of Dividends declared on the stoc at the annual meeting. Said earnings to b ! first apportioned to the extent of Eight pc centum per annum on the par value and pay ment of accumulated dividends, if any on tn | outstanding issued Preferred Stock, all as pro | vided in Article herein.
 | ARTICLE VII. Within q reasonable time afte | the election of any Board of Directors, the | shall meet at any of the offices of the corpora | tiOn and elect the officers of the corporation which shall be q President, Vice-PTesiden
 Secretary and Treasurer, and such other officer
 and agents as the Board of Directors ma
 deem necessary for the best interests of tn | Corporation.
 The President ice-President, Secretary an
 Treasurer shall be members of the Board ( | Directors and the offices of Secretary an Treasurer may be filled by the same Director.
 All the officers shall hold their offices durn
 the life of the Board of Directors by whoI they are elected and until their successor
 are elected and qualified, unless soone
 removed for cause by vote of wo-thirds
 the full Board of Directors elected or al | pointed at the time.
 The officers of said corporation until thei
 successors are elected and qualified shall ! 1 Charles w. Bolen, President; Cyrus J Mitze
 Secretary and Treasurer and Benjamin l Phillips, Vice e-President
 All documents, orders, cheeks, deeds or an
 other writings creating legal obligations,
 whatever nature requiring the signature (