The daily morning oasis., 1919-12-27

phone and telegraph lines, and other
means of transportation or communi-
cation to and from it's mines or works
to any railroad, waterway er high
way, and generally to do all things
incident or necessary to the proper
, and successful csnduct of it's busi-
ness, and TO dor and perform each
and every act and thing which is law.
full fer natural persons to do, all of
which business may carried ON at
such place or places as the Board OF
Directors may deenn for the best in
terest of the corporation.
a : - ". 50 ~ e
The amount of the capital stock of
this corporation shall be ONE MIL
LION $1,000, ,008.0O} b DOLLARS, di-
vided into one million Il ,000, ,0OO)
khares of the par value of One ($1.00)
Dollar per share. The shares of stock
shall be paid for at such, time and in
such manner either inscash or by sale
and transfer of property to the cor
poration, or by services rendered, as
the Board Of Directors snail deter
mine, and said stock when issued shall
be fully paid and non-assessable. The
capital stock may be increased or de-
creased by the affirmative vote of a
majority of the stock, but in case
of the increase Of, the capital stock
each share holder shall have the priv
ilege 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 increased.
VI. -. 49,. v
i The highest amount of indebted.
ness or liability either direct or con-
tingent to which, this corporation is
at any; time to subject itself shall
not exceed the sumaof One Hundred
, Thousand t$1oe, 100000 Dollars. and
the private property Of the stock
holders of this corporation shall be
exempt from the paymen, of it's cor.
J poration debts. Ssssa 81 se.s =
VII. .,~. y-ss
The business affairs of this corpor-
alton shall be conducted by. BOARD
of Directors, consisting Of seven (7)
members, each, of whom shall be a
stockholder, and whenever any direct
or ceases to be a stockholder, he shall
at the same time cease to be di-
rector. The directors for, any en-
suing year shall be elected by the
stockholders at their regular annual
meeting which shall be held at the
office of the company in Nogales
Santa Cruz County. Arizona, on the
second Monday Of November Of eacf
year, and shall hold their office until
their successors are elected and quail
fled. Any vacancy in the Board Of
Directors may be filled, by the re
naming members Of the Board by ap
pointment from among. the stockhol
ders, and such appointment shall b.
for the unexpired term for which thu
appointment is made. Until the frs
annual meeting of stockholders il
November, 1920, the following named
persons shall constitute the Board o.
Directors, viz: Alfred z. Taft, AL
fred z. Taft, Jr., B. Y. Taft, Mildred
Taft rinkham, Sarah Taft, Somers
Mary e. Phillips and Russell Tink
! ham. and a. majority Of the Boar
Of Directors shall constitute quorum
for the transaction Of Business
X 5.s 4rS5 VIII ags5 ssssrs= ..
Within ten days after the election
Of any board Of directors they shal
| meet atgany office Of the@eompany
and, elect from amoag their numbe,
the officers OF this corporation, wht
shall be q President, Vice President
Secretary and Treasurer, and sucf
/ other minor officers and agents a.
), the Board OF Directors may deem
necessary for the best interestsaof the
corporation. All officers shall hole
their offices during the life of the
Board Of Directors by whomethey are
elected, and until their successors are
elected and qualified. unless sooner
removed by majority vote of the di-
rectors. Two offices may be held
by the same person, and the. Board
Of Directors shall have power to fill
any vacanacy on said Board of Di-
recteors. y - III
TX.
These Articles of Incorporation
may be- altered or amended aat any
regular meeting Of the stockholders
or at any special meeting called for
that purpose by an affirmative vote
OF majority of the stock; and the
Board Of Directors may call meet
ing of the stockholders for this or any
other purpose not inconsistent with
law, but netice of such. proposed
amendment shall be given to the
stockholders, by mail to- their last
known address and by publication in
newspaper published in Santa Cruz