The oasis., 1909-07-03


 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 a private indl- 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 (2,000,000) shares of the par value of One tSlOO) each and all shares, when issued, shall be fully paid, and non-assesSbale.
 ARTICLE w. 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- 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 tune for a like period of twenty-five (25) years when the holders of a majority of the issued stock shall at any meeting duly called and held for that purpose, vote ln favor of such renewal.
 ARTICLEV " 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 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 5. F. Johnson, Allen T. Bird, Patt R. Sullivan and Edmund sullivan shall be and constitute the Board of Directors until the annual meeting of the stockholders in the year l9l0 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 1 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 l be held at such times as the majority of said Board shall determine, and all such meetings 1 at which three (3) Directors shall be present | shall be regular meetings. The Board O. | Directors may also hold meetings in sucl places without the Territory of Arizona anC at such times as all of said Directors ma! | unanimously determine.
 1 The annual meetings of the stockhOlder shall be hold on the first 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 thu 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 c labor or services needed in carrying on tn business of the Corporation on such terms a | IcQi nirantOrS m think , 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 l management of the affairs of the Corporatio and to appoint and employall necessary agent servants and labOrers and fix the compens' ] tion of the same. If any Director shall ceas to be a stockholder, he shall thereby an 7 thereupon cease to be a Director and tn remaining Directors shal elect a stockholdC to fill said vacancy until the next annui meeting of the Stockholders.
 ARTICLE VI. The highest amount of indeb , edness, direct or contingent to which this Co poration may at any time be subject, shall the sum of Two Hundred Thousand (S20O,OOO.O = Dollars.
 ARTICLE VII. The officers and stockholde of this Corporation and their private proper shall always be exempt from any and [ liability for the debts of this Corporation.
 The stockholders may be present by pro- A at any and all meetings of the stockholde and vote upon all questions as though prese in person, provided always that such pro; shall be held and voted by stockholder of tl corporation.
 ARTICLE TX. These Articles may be amend
 at any regular meeting of the Stockholders
 the affirmative vote of the majority Of t
 issued stock or at any special meeting, pr
 vided that notice of such meeting and
 tended amendment has been given each .stoC ,v holder thirty days previous to the date II holding such meeting.
 IN WITNESS WHEREOF, we have hereunto = our hands this 4th day of March, A. D., 1909.
 sF. JOHNSON, [sEAL.l
 PATT R. SULLIVAN, [SEA
 ED SULLIVAN TSEAL1