The oasis., 1911-07-15

sampling works and other reduction works Q any and every description for milling, smelt- Ing, sampl1ng and reducing ores and ore products; to acquire title to mines and mining properties, mills and all kinds of reduction works, real estate, personal proDerty and All other property of every kind and nature what soeYer requisite and necessary to the tTansac- ton 0t It's business; to work dispose of and deal ln 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 ana deal III 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 and all Kinds of machinery and processes necessarily connected with the reduction and handling of metals to borrow money, and to execute notes Donds, mortgages or deeds of trust to secure the same; also to acquire, build, own and oper- ate railroads, tramWays, turnpikes, canals and other means of transportation to and from it's mines or works to any railroad, waterway or highway, and generally to do all things incl dent and necessary to the proper and success ful conduct of its business tnd to do and Der- form each and every act and thing which 1t is lawful for natural persons to dO all of which business may be carried on at such place or U the best interests of the corporation.
 "
 The amount of the capital stock of this cor Boration shall be One Million ($l,OOOOOO) Dollars, divided into Two Hundred Thousand shares of the par value of five ($5) 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 ill 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 ot 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- bll1ty, either direct or contingent. to which tnls 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 ior- ever exempt from the payment of it's corporate debts.
 VII.
 The business affairs of this corporation shall be conducted by Board f Directors consisting oi not less than three nor more than seven members each of whom shall be stOckhOlder: and whenever director ceases to be a stock holder he shall at the same time cease to be director. They shall be elected annually hy the stockholders at their regular annual meet ing which shall be held on the third Monday ot October in each year, and they shall hold their office until their successors are elected and Qualified. 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 unexpired term for which the appointment is made The first Board of Directors shall be chosen by the undersigned 1ncorporatOrs 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 eonsti- 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, Nice-PreSident, 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 ton. 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.
 Tx.
 Those Articles of Incorporation may he altered or amended al any regular meeting of the stockholders or at any special meeting called for that purpose by majority vote of the stock; and the Board of Directors or a 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 snch amendment shall be vC ted upon.
 IN WITNESS WHEREOF, we have hereunto set our hands and seals this twenty.sixth day of June, A. D., nineteen hundred and eleven.
 HENRY GREENWELL, [SEALl
 c. E. HARDY, [sEAL.l L. E. GASCHE, SEAL