The oasis., 1912-11-02

and us the consideration for the same, to pay cash or to issue any stocks, debentures, bonds. ] or obligations of this company, and in con nection with any such transaction to assume or guarantee any liabilities relating to the business or property, franchises rights oi every kind or character, or business so pur- chased, acquired or taken over, and likewise to issue stock for services rendered to this company, and stock issued in payment for such property or services shall be full paid stock, and not liable to any further call or payment thereon, and in the absence ol actual fraud in the transaction, the Judgment of the directors as to the value of the property pur- chased or services rendered shall be conclnssve. (l4) The board of directors may, by rssou- tion passed by majority of the whole board, designate in the manner provided in the. by laws, three or more of their number to consti- ute an executive committee, which committee shall act by majority vote of a quorum, and shall, to the extent named in the bylaws have and exercise the management of the business and affairs of the company, subject, however, | to the approval and direction of the board of directors.
 | Q5l Generally to carry on or undertake any and all business of the same general nature, which from time to time seem to the directors of this company capable of being conveniently carried on in connection with the above men l toned objects, or calculated directly or ln- l directly to render valuable or enhance any Of
 the company's privileges or rights.
 III.
 The lines of telephone and telegraph of this
 company shall begin at Denver, Colorado, and
 shall pass into and through every county in the
 state of Colorado and into and to all the cities
 and towns thereof. and out of the state oi
 Colorado into the territories of New Mexico
 and Arizona and the states of Utah Montana.
 Idaho and Wyoming and adjoining states, ana
 shall pass into and through every county of
 said states and territories and into and to all
 the cities and towns thereof.
 "
 Tho capital stock of our said company i'
 fifty million ($50OO0 900 O0) dollars, divided into
 five hundred thousand (500O00) shares of thG par value of one hundred (S0O.0D dollars each
 The number of directors of our said corpora ' ton shall be eleven Ql), and k. B. Field, Edw \ B. Field, Jr., Crawford Hill Edwin s. kassler : Philip FeldhauSer w. l.. Graham. A V
 Hunter, K. NJ. Burgess. Philip Hamlin, l.. C
 Phipps Jr and J. F. Macdonald. are hereb! , designated and shall constitute the board Q | directors who shall manage the affairs oi Salt ii company and serve for one year ana untl l their successors are elected and qualified 14 NI
 . The term of existence of said corporation Y shall be twenty (2O) years
 VII.
 1 The principal business of this company shal 1 he carried on in the city and county of Denver < and business may also be carried on Tn ever l. county of the state Oi Colorado, and in such 0 V all of the counties of the states Of Utah Wyom [ ing Idaho and Montana, and the territories 0 ,, | of Arizona and New Mexico and in such othe IT states territories or colonies of the Unite r States, or of any foreign country, as to tn .s board of directors may seem necessary, conv' V nient or proper.
 VIII
 1. The principal office of this company shall 1T in the city and county of Denver and state IT Colorado, but oteVr offices may be, and, in ca' h of dOmicle in said states and territories, sha ,e be, established by the board Of directors Tn tf m states of Utah Wyoming, Idaho and hontan IT and the territories of Arizona and New Mel s ico. as may be required by the laws thereo VI and offices may be established at such oth' )r places, eltner Wlthll oI Wthout Vic etn'e t. ,e Colorado and in such other states, terrtore to colonies of the United States or of any toreie n. country, as iu the judgment of the board