The oasis., 1905-01-07


 private corporation thereof subject to the laws of any such state or foreign country.
 Without limit as to amounts, to draw. make' accept, endorse discount, execute ana issue pr0missory notes, drafts, bills Of exchange. warrants, bonds, debentures, and other nego- tiable and transferable instruments, so lar as the same may be permitted by the laws of bhe state of New Jersey.
 To issue bonds, and to sell or hypotheeate the same, and to secure payment oi the same by mortgage or otherwise upon all or any ul 1 the property of the Corporation.
 To sell or issue any or all Of It's capital sfoeks or any bonds, ,debenturessDr other eYakf@nees 0f indebtedness authorized by ltS B0ATgA 0f plrees t0rss ln payment for the g0oaTgall Ra&8akss phsls ness pNrSslnai pr0pertys real NsfaEes s4T leases xhHreun, Dt any person. Ar1asa SsNS Ar euie { MaFAfipns and the indgaaRAE 0f fs A0MKsl q BkFeefQfs As 70 tise VaIMss v s1eh Bp33 3Ni z riaists rsAl sSF lesaea Asg.SEeoa
 To ralMaAeEate #sAs pes ssS2aE fe rsons oa T, ation iWeSefytees repderasR @fato be reAHered in placing N asslSfng to piace or guarantee . ing the placing af any UE&he shares oi the ompany's capItskk stock, or any debenture, bonds or other se9uFities Of the company, in or about the formation or promotion oi the com pany the selection and procurement ot Dlrec !, tors for the conduct of it's business, upon sucn terms as the Board of Directors or Executive Committee may determine and direct. To guarantee the payment of dividends or ! interest on any shares, stocks. deDentufes or other securities named by, or any other con- tract or obligation of, any corporation when ever proper UT necessary for the business oi the Company upon such terms and conditions and ! in such manner IS may be prescribed by the l bylaws or by resolution of the Board of Direc- 1 tors or Executive Committee.
 ! To hold, purchase, or reissue and sell the | shares of its cH ptai stock.
 l to do all and erything necessary, suitable 1 or proper for the accomplishment of any oi the | purposes or the attainment of any one or 1 more oi the objects herein enumerated, or which shall at any time appear conducive or ex- pedient for the protection or benefit Of the cr- 1 poratiOn either as holder oi or as interested party in any property, and, in general, to car. " on any business, whether manufacturing, mining or otherwi SC, permitted by the laws oi 1 this state.
 ] TO have offices and to carry on business with ! out restriction as to extent, state, place or country
 To do any or all Of the things herein set forth l to the same extent as natural persons might or could do anu III any part ot the world, elther as principals, agents contractors, trustees or otherwise, and either alone or conlointly Wllh others.
 1 In general to carry on, in connection with | the objects, powers, purposes, and business above set forth, and any other business what soever, and with all the powers conferred hy the laws of New Jersey upon corporations un- der the act herefnbefore referred to.
 1t is the intention that the objects specified in this Article shall. except where otherwise ! expressed therein, be i'll nowlse limited or Tc- 1 stricted by reference to or by inference rom the terms of any other paragraph or clause oi this Certificate of Incorporation but that the objects specified in each of the clauses oi this Certificate, and the powers described III each l of the paragraphs, Of this Certificate shall be regarded IS independent objects and powers
 THIRD. T.,e stock of this company is of two | kinds, to-wit. Common Stock and Preferred 1 Stock. The total amount of authorized stock l is one million, five hundred thousand dollars ($l 800 000) divided into fifteen thousand shares | (I5 COO of one hundred dollars ($l00 each. O l the total authorized capital stock one million 1 two hundred and fifty thousand dollars (Sl, | 250, ,0OO) will be common stock, and two hun dred fifty thousand dollars (s250,000 will be preferred stock. The preferred stock will hay. l preference over the common stock ID respect to dividends, and the holders thereof shall bt entitled to receive in each year, out of the | accumulated profits of the Company, in excess of any sum which shall have been fixed and reserved as working capital, n0n-cumulatiye l dividends of six per centum per annums pay able quarterly, semi-annUAlly or annually, as 1 the Directors may, from time 10 time, deter mine, before any dividend shall be set apart oI paid on the common stock of the Company ] After dividends at the rate Of six per centum ! per aunum from the profits of the Company l for any year have been paid upon the preferred stock, a dividend of not to exceed SIX per cent per annum may be paid upon the common stock. After six per cent per annum has been declared and paid in dividends upon the pre- ferred stock and six per cent per annum de clared and paid in dividends upon the common stock for auy one year, any remaining proft for the year which, within the discretion O the Board may be declared and paid as divid ends snail pc patu upon the pFelerrea Ahc I common stock alike.
 In case of liquidation or dissolution of thu Company, the holders of preferred stock ar' entitled to be paid in full up to the par valu' of their preferred shares before any amount il paid to the holders of common stock. Tn, Company may purchase and retire the pre- ferred stock, or any portion thereof, at any time after the first day of July l9U7 by payint the holder or holders thereof the par value ant | five per centum thereof in addition thereto
 Provided, that in case any portion Of such preferred stock shall be so purchased, the sam, shall be purchased from each holder pro rata in proportion to the amount held by him. Int voting power oi the Company IS vested m th' aud an such holders shall be entitled to cas one vote either in person or by proxy for eact share oi common stock and one vote for eacl share of preferred stock held by him. FOURTH The management and control o the business, property and affairs Of the cor poration shall be vested in and be cOnducte, by Board of Directors of not less than thre'