The oasis., 1909-07-10

baslng ol any ahd all Alada ai hfapsfiy. real, ttfsHnHl hf fulsHd fhaf mAg hf deeinfH bfurrf ly the Hoard ni bifediufai aiao ip hny bold pofatiGns ahd hls1 fpf thf faffyiHR on Uf fbe general bualnOw Hf merchandising 70 bay locate construct 0WHl WnHaRUf operate aud sell ioll roads and failf0ads iD borrow money and tu cOuffHet iu fepHV fhe same with Of without interest upon aueh terms as the Hoard oi Directors may determine and for that purpose tO fn0ftgaee, pledge and hFputhn cate any uf all of .a pfOpufiyi tO make such contracts, acquire hold, mortgage. operate and transfer such property and possess all the powers in relation thcfetO, as R private ind yldual may, under Che law possess and enjoy
 ARTICLE IT. The amount Of Che capital stock of this Corporation shnll bo Two Million (S2n0O.00O) Dollars, divided into Two Million (l000 OO0) shares Of Che par Value of One WlOO each and all shares, when issued, shall be fully paid, and non -assessbale.
 ARTICLE " The time Of the commence ment of this corporation shall be the date Of the Hing of these Articles iu the office of the County Recorder Of santa Cruz County, Ari- zona 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 ilme for like period of twenty-five (25) years when the holders of a majority of the issued stock shall, at any meeting duly 
 of such renewal.
 ARTICLE " The management and affairs of this Corporation shall be vested in Board of Directors consisting of not less than three nor more than seven persons, each and all ot whom shall be stock holders. Said directors shall be elected annually by the stockholders on the | first Monday in May of each year, provided, ! however, that s. r. Johnson, Allen T. Bird, ! Patt K. Sullivan and Edmund Sullivan shall ! be and constitute the Board of Directors until ! tba afarto al aaft nI hn l year l910 The number of Directors shall be determined from time to time by 6 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 a 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 shal be held at such times as the majority of sao Board shall determine, and all such meetings at which three (3) Directors shall be present | shall be regular meetings. The Board O.
 Directors may also hold meetings in sucf places without the Territory of Arizona anC at such times as all of said Directors ma!
 unanimously determine.
 The annual meetings of the stoekhOlder
 shall be hold on the frst Monday in January o
 each year and their regular meetings may b
 held at such times within or without the Ter
 ritory of Arizona as may be designated by th
 holders of the majority of the issued stock o
 the corporation.
 The Board of Directors shall have ful
 power to sell or exchange the share
 of the capital stock of this corporation
 for mineral lands, mines, mining claim
 or other real estate or for mills, smelterS
 hydraulic plants or any other kin'
 of machinery, or for any other kind of per
 sonal property or for any and all kinds O
 labor or services needed in carrying on tn , business of the Corporation on such terms a
 said Directors may think best, or to sell tn
 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, Rule
 and Regulations deemed expedient for tn management of the affairs of the Corporatio
 and to appoint and employall necessary agents servants and laborers and fix the compenst tion of the same. If any Director shall ceas
 to be stockhoder, he shall thereby an l thereupon cease to be a Director, and tn
 remaining Directors shal elect stockholde to fill said vacancy until the next annut meeting of the Stockholders.
 ARTICLE VI. The highest amount of indeb edness, direct or contingent to which this %
 poration may at any time be subject. shall the sum of Two Hundred Thousand ($2OOOO0.O
 Dollars.
 ' ARTICLE VII The officers and stockholde
 of this Corporation and their private properl
 shall always be exempt from any and q l liability for the debts of this Corporation. ? The stockholders may be present by prov 5 at any and all meetings of the stockholde Q and vote upon all questions as though presel . in person, provided always that such prov U shall be held and voted by stockholder of u - corporation.
 ARTICLE TX. These Articles may be amendt . at any regular meeting of the Stockholders
 the affirmative vote of the majority of tl |. issued stock or at any special meeting, pr a vided that notice of such meeting and 1 V tended amendment has been given each stoc rf holder thirty days previous to the date
 holding such meeting.
 IH WITNESS WHEREOF, we have hereunto S our hands this 4th day of March, A. D., l909