The oasis., 1912-10-26

whichthis company is authorized to carry on and as the consideration for the same to pay cash or to issue any stocks, debentures, bonds, or obligations of this company, and in con neetion with any such transaction to assume or guarantee any liabilities relating to the business or property, franchises, rights of every Kind or character, or business so pur- chased acquired or taken oyer 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 of actual fraud in the transaction, the judgment of the directors as to the value of the property pur- chased or services rendered shall be conclusive.
 u4) The board of directors may by resolu. tion passed by majority of the whole board, designate m 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 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 oi 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 toned objects, or calculated directly or in- 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 of Colorado int" the territories of New Mexico and Arizona and the states of Utah. Montana. Idaho and Wyoming and adjoining states, and shall pass in:o and through every county of said states and territories and into and to all the cities and towns thereof
 IV
 The capital stock of our said company is fifty million ($5OOOO, ,OOO0O) dollars, divided into five hundred thousand (500000) shares of the par value of one hundred (Sl0000) dollars each "
 The number of directors of our said corpora ton shall be eleven 11l, and E. B. Field, Edw B. Field, Jr., Crawford Hill, Edwin s. Kassler, Hunter, E. M Burgess Philip Hamlin, l.. c. Phipps Jr., and J. E. Macdonald are hereby designated and shall constitute the board of directors who shall manage the affairs of said company and serve for one year and until their successors are elected and qualified. VI.
 The term of existence of said corporation shall be twenty (2O) years.
 VII.
 The principal business of this company shall be carried on in the city and county of Denver, and business may also be carried on in every county of the state of Colorado, and in such or all of the counties of the states of Utah. Wyom- ing Idaho and Montana. and the territories of i of Arizona and New Mexico, and in such other states, territories or colonies of the United States, or of any foreign country, as to the board of directors may seem necessary conve- nient or proper
 VIII
 The principal office of this company shall be in the city and county of Denver and state of : n m nt off ha if of domcie in said states and territories shall be, established by the board of directors in the states of Utah, Wyoming, Idaho and Montana, and the territories of Arizona and New Mex