The oasis., 1909-06-19

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
porationS, 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 or
without interest, upon such terms as the
Board of Directors may determine and for
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 ind-
vidual may, under the law, possess and enjoy.
ARTICLE III. The amount OF the capital stock
of this Corporation shall be Two Million
($2, 900 000) Dollars, divided into Two Million
(2000,000) shares of the par value of One (Sl00)
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) years
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 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
shall be stockholders Said directors shall be
elected annually by the stockholders on the
first Monday in May OF each year, provided,
however, that s. +. 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
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 (3) 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 hold on the first Monday in January OF
each year and their regular meetings may be
0elu AT Sucn times Wlb0lu OF WlLuOul the Ter
ritory of Arizona as may be designated by the
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
/ la hOr n SarUppg nppdpd in arriving 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 share:
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
/ tion of the same. If any Director shall cease
| to be a stakeholder, he shall thereby and
thereupon cease to be Director, and the
| remaining Directors shall elect 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 bt
the sum of Two Hundred Thousand $2OO,OO0.O0
| Dollars.
| ARTICLE VII The officers and stockholderi
of this Corporation and their private property
shall always be exempt from any and al
| liability for the debts of this Corporation.
The stockholders may be present by prox!
at any and all meetings of the stakeholder
and vote upon all questions as though presen
in person, provided always that such prox!
shall be held and voted by a stakeholder OF thu
corporation.
ARTICLE TX. These Articles may be amended
at any regular meeting OF the stockholders b!
the affirmative vote of the majority of tn,
issued stock; or at any special meeting, pro
vided that notice of such meeting and in
tended amendment has been given each stock
holder thirty days previous to the date o
| holding such meeting.
In WITNESS WHEREOF, we have hereunto Sc
our hands this 4th day OF March, A. D., 1909