The oasis., 1909-09-25

- ing machinery, or mining claims or prospects oi gold, silver, copper or any or all other Kinds or lnln1ng or mineral properties. oil wells, water rlgnts and water powers, oil wells, real estate ana interests In any Of said properties; to en- gage in and carry on the business of mining ana reduction of cres cf any and all kinds; to build, own and operate stamp mills, saw mllls and other mills, smelters, sampling works and reduction works of any and every description Tor milling, smelting, sampng ana reducing ores and ore products; to develop ana enlarge water powers and apply the same 70 the operation Of electrical machinery of all Kinds, and tO sell to others the electrical power so generated; Co acquire title to mines and mining properties mills and all kinds of reduction works, electrical and other machinery, real estate personal proper ty and all other kinds of property necessary and requisite to the transaction of it's business; to work. dispose of and deal in the same and III the products thereof; to carry on and con- duct general mercantile business, and to that end own and operate stores and to deal in any and al commodities of every kind conducive to the successful conduct Of such business; to construct, own and operate saw mills, and to market the lumber and timber products there Of; to purchase hold, own and control and deal in and handle it's own and the shares and stocks of other corporations; to locate, buy, bond, acquire hold, own, lease, possess oper- ate, sell, mortgage pledge or otherwise dispuse Oi or hypothecate oil lands, mineral lands oil, gas, asphaltum, petroleum or any of their pro. ducts asbestos, salt water and water rights and any ana all Kinds oi machinery and processes necessarily connected With the transaction of its business to borrow money and to execute notes, bonds, mortgages or deeds of trust to secure the same; also Go acquire, build, own and operate railroads, t-amways, turnpikes, canals, and other means of transDortatiOn tO and from it's mines or works to any existing railroad waterway or highway; and generally to do all things incident or necessary tO the proper and successful conduct of it's business, and 10 do and perform each and every act and thing which it IS lawful for natural persons to do; all of which business may be carried on at such place or places either in the United States or foreign countries, as the Board of Directors may deem for the best interests of the corpora ton, provided that no such acts or transactions shall be inconsistent with the laws of the United States and the Territory of Arizona or the laws Of any foreign state or country in which this corporation may be doing business
 THIRD: The authorized amount of the capi- tai stock Of this Corporation shall be Five Million Dollars ($500000O) divided into Five Million (5OWO0O) Shares of the par value of One Dollar ($ll each. At such times as the Board oi Directors may by resolution direct. said capital stock shall be paid into this Cor pOr9tion, either in cash or by the sale and transfer tO it oi real or personal property for the uses and purposes of said orpnrAtiOn in payment for which shares Of the capital stock of said Corporation may be issued and the
 
 thereby become and be fully paid up and non assessable, and in the absence of actual fraud in the transaction the judgment of the Direc- tors as to the value of the prorerty shall be conclusive.
 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 Audi tor, and of the RecO der of Santa Cruz County, and the termination thereof shall be twenty five years thereafter.
 FIFTH: The affairs of this Corporation shall be conducted by Board of Five (5) Directors and the following named shall constitute the Board of Directors until their successors are elected: Carlos F. Won Erxleben, Ben R. Koering, James H. Dougherty, Allen T. Bird Ed. Cunningham. Thereafter the Board of Directors shall be elected from among the stockholders or the first Monday in January of each year. The Board of Directors shall have power to add to the number of Directors, so the total number may be seven, by adoption of resolution in due form, recorded in the minutes of any meeting of said Board.
 Until their successors are elected the officers Of this Corporation shall be Ben. K. Koering President; James Dougherty Vice President; Carlos F. Von Erxleben, Secretary and Treas urer.
 SIXTH: The highest amount of indebtedness or liability direct or contingent, to which this Corporation shall be subject at any time is One Hundred Thousand Dollars (Sl00 0OO) which amount does not exceed two-thrds the amount of capital stock
 SEVENTH: The private property of the Stock holders of this Corporation shall be exempt from corporate debts of any kind whatsoever.
 IN WITNESS WHEREOF We have hereunto set our hands and seals this First day of Septhm- Der, 1909.
 CARLOS F, voN ERxLEBEN, [sEAL ]