The oasis. [volume] (Arizola, Ariz.) 1893-1920, 1909-06-12

posing of any and all kinds Of property, real
personal or mixed. that may be deemed proper
by the Board of Directors; also to buy, hold
sell, assign and dispose of stocks of other cor
poratons. and also for the carrying on of the
general business of merchandising; to buy
locate. construct, own, manage, operate and
sell toll roads and railroads; to borrow money
and TO contract to repay the same with OF
without interest upon such terms as the
Board of Directors may determine and fOl
that purpose to mortgage, pledge and hypothe
cate any or all of its property; to make such
contracts, acquire, hold, mortgage, operate and
| transfer such property and possess all the
powers IN relation thereto, as private indi
Vldual may, under the law, possess and enjoy
ARTICLE Ill The amount OF the capital stock
! OF this Corporation shall be Two Million
/ t$2,00O000) Dollars, divided into Two Million
t2OOO,OO0) shares of the par value of One Isl O0'
each and all shares, when issued shall be fully
! paid, and worcestershire.
ARTICLE ~. The time of the commence.
ment OF this corporation shall be the date OF
the filing OF these Articles in the office of the
| County Recorder of Santa Cruz County Ari.
iona Territory and in the Office of the Secre-
tary OF the Territory of Arizona, and the termi-
| nation thereof shall be twenty-five (25) wears
thereafter, but the same may be renewed from
time to time for a like period of twenty-five
| (25) years when the holders of majority OF
the issued stock shall, at any meeting duly
called and held for that purpose, vote in favor
of such renewal
ARTICLE v. The management and affairs OF
this Corporation shall be vested in a Board of
Directors consisting of not less than three nor
more than seven persons, each and all of whom
snail be stockholders. Said directors shall be
elected annually by the stockholders on the
hrst Monday in May of each year, provided,
however, that s. F. Johnson, Allen T. Bird,
Patti r. Sullivan and Edmund Sullivan shall
be and constitute the Board of Directors until
the annual meeting of the stockholders in the
year 1910. The number of Directors shall be
determined from time to time by majority
vote OF the stock issued
The officers of this corporation shall be a
President, Vice President, Secretary and Treas.
urer and all of said officers shall be chosen by
the Directors from among the members of the
Board OF Directors and shall hold their offices
for term OF one year and until their success.
sors are elected and qualified; said officers
shall receive such compensation as the Board
OF Directors may determine.
The meetings OF the Board of Directors shall
be held at such times as the majority of said
Board shall determine and all such meetings
at which three (S) Directors shall be present,
shall be regular meetings. The Board of
Directors may also hold meetings in such
places without the Territory of Arizona and
at such times as all OF said Directors may
unanimously determine.
The annual meetings of the stockholders
shall be h9ld on the first Monday in January of
each year and their regular meetings may be
held at such times within or without the Ter
holders OF the majority OF the issued stock of
the corporation.
The Board of Directors shall have full
power to sell or exchange the shares
OF the capital stock of this corporation
for mineral lands, mines, mining claims
or other real estate or for mills, smelters
hydraulic plants or any other kind
OF machinery, or for any other kind of per-
sonal property or for anv and all kinds of
labor or services needed in carrying on the
business of the Corporation on such terms as
said Directors may think best, or to sell the
same for cash or exchange the same for shares
OF the capital stock of other corporations.
The Directors shall have power to make
establish amend, or repeal all Bylaws, Rules
and Regulations deemed expedient for the
management of the affairs of the Corporation
and to appoint and employall necessary agents.
servants and laborers and fix the compensa-
ton OF the same. II any Director shall cease
to be stakeholder, he shall thereby and
thereupon cease to be Director, and the
remaining Directors shall elect a stakeholder
to fill said vacancy until the next annual
meeting OF the stockholders.
ARTICLE vi. The highest amount of indebt-
edness, direct or contingent to which this Cor
poration may at any time be subject shall be
the sum of Two Hundred Thousand $500 000.O0)
Dollars.
ARTICLE VII. The officers and stockholders
OF this Corporation and their private property
shall always be exempt from any and al
liability for the debts of this Corporation.
Inc STOCKHOLDERS may De present by proxy
at any and all meetings of the stockholders
and vote upon all questions as though present
in person, provided always that such proxy
shall be held and voted by a stakeholder of the
corporation.
ARTICLE TX. These Articles may be amended
at any regular meeting OF the stockholders by
the affirmative vote of the majority of the
issued stock or at any special meeting, pro-
yided that notice Of such meeting and in
tended amendment has been given each stock
holder thirty days previous to the date of
holding such meeting.
IN WITNESS WHEREOF, we have hereunto set
our hands this 4th day OF March, A. d., 1909.
ST. JOHNSON, [SEAL.l
PATTI r. SULLIVAN, SEAL
ED. SULLIVAN, fSEAL1