The oasis., 1909-06-26

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 poratlons, 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 it's property; to make such contracts, acquire, hold, mortgage, operate and transfer such property and possess all the powers in relation thereto, as a private indi- vidual may, under the law, possess and enjoy
 ARTICLE III. The amount of the capital stock of this Corporation shall be Two Million ($2, ,000000) Dollars, divided into Two Million (20O0 OO0) shares of the par value of One ($l 00) 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 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 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 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. 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 1910. The number of Directors shall be determined from time to time by a 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 qualifed 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 (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 i'll January of each year and their regular meetings may be held at such times within or without 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 any and all kinds of 1af1 lad in !, 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- tion of the same. If any Director shall cease to be stockholder, he shall thereby and thereupon cease to be Director, and the remaining Directors shal elect stockholder to i'll 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 (S200 .00) Dollars.
 ARTICLE VII. The officers and stockholders of this Corporation and their private property shall always be exempt from any and ell liability for the debts of this Corporation.
 The stockholders may be 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 stockholder 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. vided that notice of such meeting and in tended amendment has been given each stock holder thirty days previous to the date oi holding such meeting.
 IN WITNESS WHEREOF, we have hereunto sci our hands this 4th day of March, A. D., 1909
 s. F. JOHNSON, [SEAL.1
 P ATT K GIrII M AN [GrI1