The oasis., 1911-07-22

sampling works and other reduction works any and every description for milling, smelt- ing, sampling and reducing ores and ore products; to acquire title to mines and mining properties, mills and all kinds of reduction 1 works real estate, personal property ana all other property of every kind and nature what | Soever requisite and necessary to the transac- tiOn of it's business to work, dispose of and | deal in the same; to carry on and conduct | general mercantile business, and to that end to deal in any and all commodities Of every kind conducive to the successful conduct of said business; to purchase, own, hold, control and deal in and handle its own and the shares and properties of other companies and corpora | tiOns; to locate, buy, bond, acquire, hold own, lease, possess, operate, sell, mortgage, pledge | or otherwise dispose of or hypothecate oil lands mineral lands, oil, gas, asphaltum, petroleum, or any of their products, asbestos, salt, water and water rights, and any ana All l kinds of machinery and processes necessarily | connected with the reduction and handling or metals; to borrow money, and to execute notes, ! bonds mortgages or deeds of trust to secure the same; also to acquire, build, own ana Oper. | ate railroads, tramways, turnpikes, canals ana ! other means of transportation to and rom US mines or works to any railroad. waterway or l highway, and generally to do all things incl dent and necessary to the proper and success l full conduct of its business, end to do and per 1 form each and every act and thing which lt IS lawful for natural persons to doi all of which business may be carried on at such place or places as the Board of Directors may deem for the best interests of the corporation.
 V.
 The amount of the capital stock of this cor pOration shall be One Million SlOOO,OO0) | Dollars divided into Two Hundred Thousand shares of the par value of five (S5) dollars each | The shares of stock taken by purchasers ! thereof shall be paid for at such time and in such manner as the Board of Directors shall determine, either in cash, or by the sale and transfer of property to the corporation or by service rendered, and said stock when issued shall be fully paid and non-assessable The capital stock may be increased or decreased by the affirmative vote of majority ! of the stock; but in case of the increase of the capital stock each shareholder shall have the | privilege of subscribing for such number of shares of the proposed increase as he may be entitled to in proportion to the number of shares held by him before the stock is in- creased.
 VI.
 The highest amount Oi indebtedness or lia- bility, either direct or contingent. to which this corporation is at any time to subject itself shall not exceed the sum of two-thirds of it's capital stock; and the private property of the stockholders of this corporation shall be for ever exempt from the payment of its corporate debts.
 | VII.
 The business affairs of this corporation shall be conducted by Board of Directors consisting of not less than three nor more than seven members, each of whom shall be stockholder; and whenever a director ceases to be stock holder he shall at the same time cease to be a director They shall be elected annually by the stockholders at their regular annual meet ing which shall be held on the third Monday of October in each year, and they shall hold their office until their successors are elected and Iqualii9d Any vacancy in the Board oi Directors shall be filled by the remaining members of the Board by appointment from among the stockholders, and such appoint ment shall be for the unexpired term fol which the appointment is made. The tirs Board of Directors shall be chosen by the undersigned incorporators and they shall hold their office until the regular annual meeting of the stockholders on the third Monday 0 7 October nineteen hundred and eleven. 4 majority of the Board of Directors shall consti tute quorum for the transaction of business VIII.
 Within twenty days after the election of an, Board of Directors they shall meet and cleo the officers of this corporation, who shall be ) President Vice-President, Secretary anC Treasurer, and such other minor officers anC agents as the Board of Directors shall deen necessary for the best interests of the corpora ton. All officers shall hold their office during the life of the Board of Directors by whom they are elected and qualified Any two office may be filled by the same person.
 K.
 Those Articles of Incorporation may b, altered or amended at any regular meeting o the stockholders or at any special meeting called for that purpose by majority vote 0 the stock and the Board of Directors or majority of the ckholders may call meet ing of the stockholders for this or any othe
 purpose not inconsistent with law, but nOtic of such proposed amendment shall be given t each stOckholder either personally or in writ { ing at least twenty days prior to tn :: meeting at which such amendment shall bt i vC ted upon.
 z IS WITNESS WHEREOF we have hereuntO SC our hands and seals this twenty sixth day 0 l June A. D., nineteen hundred and eleven.
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