The oasis., 1910-08-06

said stock hen issued shall be fully paid and nHn assesSaDle; ana tic action Of the Board of OlftviGfatsi is't.i{g shwTeS Nf tse cBfit9l xtark shall, Tn the absence Of actual sand intentional fraud Tn the transaction, be final and binding upon all parties. The cap tai stock may be there's sed or decreased by the affirmative vote Of majority of the stock; but in case Cf the increase Of the capital st ok each shHl leholder shall have the privilege of subscribing for such humber of shares of the proposed increase as he may be entitled 10 in proportion to the number Of shares held by him before the stock is increased
 VI. The highest amount of indebtedness or liability, either direct or contingent, to which this corporation is at any me to subject itself shall not exceed the sum of one huHdred thousand (SlUOOOO) dollars; and the private property ol the stOt khOlders of tn corporation 'hall be exempt from the payment oi it's cor porate debts.
 VII. The business affairs of this corporation sball be conducted by Board of Directors cun. sisting of seven members, each of whom shall be stockholder; and whenever any director ceases to be a stOckholder he shall at inc same cease to be director. They shall be elected annually by the stockholders at their regular tnnual meeting which shall be held on the 'ecOnd Tuesday of March of each year and they shall hold their office until their successors re elected and qualified. Any vacancy in the Board of Directors may be filled by the remain ing members of the Board by appointment from among the stockholders, and such appointment shall be for the unex pired term tor which the appointment is made The fol. lowing named gentlemen, viz: w. R. Lyon. F. w. Schneider, B. H. Howard, A. s. Gangloff, H. F. Sprott, Walter Riley and E. L. GrisWod, shall constitute the first Board of Directors, and they shall hold their office until the first annual meeting of the stockholders in March, 1911. majority of the BoGrd of Dire tors shall constitute a quorum for the transaction of business
 VIII. Within ten days after the election of any Board of Directors they shall meet and elect the officers of this corporation, who shall be a President Vice-PresId mt, Secretary and Treasurer. and such other minor officers and agents as the Board of Director shall deem for the best interests of the corporation. Any two offices may be filled by the same person. All officers shall holl their office during the life of the Board of Directors by whom they re el, cted and until their successors are elected and quali- fled and until the first annual meeting of the stock holders, the following directors shall con- sttute the officers of this corporation, viz: w. Lyon Presidents A. s. Gangloff, Vice-PTesi. dent, and w. F. Scnneider, Secretary and Treasurer
 TX. These Articles of Incorporation may be altered or amended at any regular meeting of the stockholders or at any special meeting called for that purpose, by the afii irmatiVe vote l of majority of the stock; and the Board of | Directors or any three stockholders may call 8 meeting of the stockholders for this or any other purpose not contrary to law but notice of any such meeting or of the proposed amend. ments shall be given to each Stockholder either i personally or in writing, at least thirty days l prior to the meeting.
 1 IN WITNESS WHEREOF We have hereuntO set onr hands and seals this 3rd day of August, A.. 1 D., 1910.
 E. l.. GRIswoLD, (SEAL.) c. w. PHILLIPS, (SEAL.)