The oasis., 1912-12-07

and to carry on ani conduct a General Mer- cantie business; To acquire, build, own, con- struct and operate and maintain Rail-ROadsi Electric Roads, Tramways, Wagon Roads, Canals. Fumes, Pipe Lines. or Telephone Lines, or other agencies or means of Iranspor- tation suitable or convenient for the conduct of it's business. To acquire Water Rights, t0 dig Wells, or bore Artesian Wells, and main tain the same or to do any lawful act or per formance, necessary or incidental to the sale and profitable conduct of it's business
 ARTICLE ".
 The Capital Stock of this Corporation shall | be Two Million Five Hundred Thousand | Dollars ($2.500 OO0) divided into Two Million | Five Hundred Thousand Shares Of the par value of One dollar each per share. Oi the above named amount, One Million Four Hun. dred Thousand Q.4000O0) thereof shall be preferred Stock, and the balance One Million 1 One Hundred Thousand Q.l00000) thereof shall be common Stock.
 The preferred Stock shall have preference over the common Stock in respect to dividends: The net profits realized from the operation of Mines, and handling high grade Real Estate in which the funds of the Company may have been invested, including the rentals and the net profits realized whenever a sale is made shall be divided in the following manner; FIRST: Ten per cent (0O from the gross net profits, on all the issued and outstanding pre- ierred Stock of the Corporation, to the holders thereof, as q preferred dividend.
 SECOND: Five per cent (5%) of the net prohts in excess of the said Ten per cent to be placed in reserved fund.- until the said fund shall have reached Twenty per cent (2O%). Of the Capital Stock of the Corp0ration then same to be divided share anu share alike among the holders of preferred and Common Stock of the Company.
 divided and paid to the holders of preferred and common Stock of the Corporation, equally share and share alike.
 FOURTH The net profits from the invested 1 reserve fund shall be equally divided and paid share and share alike to the holders Of pre- ! forred and common stock of the Company. | All dividends payable from the net profits of the Corporation are to be made seml'annually on the first day of April and October of each | year.
 As a precautionary measure, for the benefit of each investor, the Board of Directors may issue the Common Stock of the Corporation Tn payment for it's properties, and when so issued the same shall be pooled to prevent 1t being placed on the market and Interfering with the Company's interests and progress rms pool can be broken only after the first Ten per cent U0N dividend has been paid to the holders or all issued preferred treasury Stock of the Com pany, from the gross net profits heretofore stated.
 Every share of preferred and common Stock when issued shall be fully paid up and ever afterwards be nOn-assessable.
 ARTICLE V.
 The duration of this Corporation shall be Twenty-Five years from the date of the Certi- icate of Incorporation issued by the Corpora
 
 the privilege of renewal, on the termination oi said period as provided by law.
 ARTICLE VI.
 The affairs and business of this Corporation shall be conducted and managed by Board of Directors consisting of not less than three nor more than seven who shall be bona-fide Stock holders of same while serving or acting as Directors. The Directors shall hold office for the term of one year or until their successors are elected and qualify. The Officers of this Corporation shall be President, Treasurer and Secretary, with such others as the Board of Directors may see ft to elect or appoint after organization. Each and all Officers shall be elected or appointed by the Board of Dlrec tors within ten days after the said Directors are elected by the Stockholders, and either ol all of said officers may be elected or appointed } from the members of said Board Of Directors The annual meeting Of the Stockholders shall be held on the first Saturday in November o I each year at 10 O'clock A. M at the Office o the Company at Nogaes, Arizona, at which r Meeting Board of Directors shall be elected for the ensuing year. Until the hrst Annus l Meeting of the Stockholders hereunder, anC until their successors shall be elected and qualified, the following named persons ar' !. the Officers and constitute the Board of Dlrec tors for said Corporation: Otto Nleml, Presl ' dent and Director, Otto H. HerOld, Treasurer and Director, Benjamin Evans, Secretary anC Director. In the event of any vacancy occurring in any Office in this Corporation, or on th' Board of Directors, said Board shall have power to fill said vacancies by appointment fo the unexpired term, or until their successor are duly elected and qualified. The Director shall meet on the first Saturday of eaci month, at 10 O'clock A NJ. of said day. A
 each meeting of the Stockholders every stock
 holder shall be entitled to vote in person O
 by proxy appointed in writing, subscribed b. such Stockhoider or his duly authorized Attor
 ney, and filed with the Secretary; and ever
 Stock holder shall have one vote for each shar 1. of Stock standing registered in his name at tn i time of closing the transfer books for Sai ,,'' meeting The votes for Directors, and upo if demand of any stockholder, the vote upon an ia questiol before the meeting shall be by ballot l. ARTICLE VII.
 e The highest amount of indebtedness O e liability direct or contingent, to which thi K Corporation is at any time to subject itse )f must in no case exceed Five Hundred Thou d sand Dollars, 5O0O00).
 )f ARTICLE VIII.
 The private property of the Stockholders
 this Corporation shall not be liable for an ,e debt of said Corporation, and their priyat G property shall forever be exempt from Co
 porate debts.
 IN WITNESS WHEREOF we have hereunt of set our hands and seals this thirty.frst da