The oasis., 1911-07-01

sampling works and other reduction worts .f any and every description for milling gmolt ing sampling and reducing ores and 0r, products; to acquire title to mines and minino properties, mills and all kinds of rednctio6 works, real estate, personal property and eii other property of every kind and nature wbpt Soever requisite and necessary to the trnnsor tOn Of it's business; to work, dispose of or1 deal in the same; to carry on and conduota general mercantile business, and to that end Co deal in any and all commodities of evar, kind conducive to the successful eondnct n, said business; to purchase, own, hold. confrC, and deal in and handle its own and the sbaras and properties of other companies and cornore tons; to locate, buy, bond, acquire, hold, own lease, possess, operate, sell, mortgage, pledre or otherwise dispose of or hypothecate oil lands, mineral lands, oil, gas, asphaltpr, petroleum, or any of their products, asbpstos salt, water and water rights, and any and aIj kinds of machinery and processes necessarily connected with the reduction and handling of metals; to borrow money, and to execute notes bonds, mortgages or deeds of trust to secure the same; also to acquire build. own and oper ate railroads, tramways, turnpkes, canals and other means of transportation to and from its mines or works to any railroad waterwayor highway, and generally to do all things 1ci. dent and necessary to the proper and success ml conduct Of its business Hnd to do and per form each and every act and thing which iti. lawful for natural persons to do; all of which nr 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 (SlOOO0O0 Dollars, divided into Two Hundred fhousapd shares oi 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 q 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 its capital stock; and the private property of the stockholders of this corp lration shall be for. ever exempt from the payment of its corporate debts.
 VII.
 The business affairs of this corporation shall
 
 of not less than three DOT more than seven members, each of whom shall be stockholder: and whenever director ceases to be q stock holder he shall at the same time cease to be 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 tqualih9d, Any vacancy in the Board of 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 uneXpred term for which the appointment is made. The first 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 of October, nineteen hundred and eleven A majority Of the Board of Directors shall const. tute quorum for the transaction of business
 VIII
 Within twenty days after the election of any Board of Directors they shall meet and elect the officers Of this corporation, who shall be a President, VicePresident, Secretary and Treasurer, and such other minor officers and agents as the Board of Directors shall deem necessary for the best interests of the corpora tiOn. All officers shall hold their office during the life of the Board of Directors by whom they are elected and qualified. Any two offices may be filled by the same person.
 K
 Those 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 a majority vote of the stock; and the Board of Directors or majority of the stockholders may call a meet ing of the stockholders for this or any other purpose not inconsistent with law, but notice of such proposed amendment shall be given to each stockholder either personally or in writ ing at least twenty days prior to the meeting at which such amendment shall be vC ted upon.
 IN WITNESS WHEREOF, we have hereunto se! our hands and seals this twenty. sixth day Of June, A. D., nineteen hundred and eleven.
 HENRY GREENWELL, tSgALl
 c. E. HARDY, SEAL
 l.. k. GASCHE, tSEAL.l