The oasis., 1912-11-30

erect and construct buildings, houses, shops to engage In trade of every kind. to buy and sell stock of its own. or any other Corporation and to carry on an1 conduct General Mer cantle business; To acquire, build, own, con struct and operate and maintain Rail-Roads Electric Roads, Tramways, Wagon Roads Canals. Fumes, Pipe Lines. or Telephone Lines, or other agencies or means of Transpor tation suitable or convenient for the conduct of it's business. To acquire Water Rights, tC 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 saft and profitable conduct of its business.
 ARTICLE ".
 The Capital Stock O! this Corporation shal be Two Million Five Hundred Thousand Dollars, ($2.5r0 0O0) divided into Two Million Five Hundred Thousand Shares of the pal value ot One dollar each per share. Of thu above named amount, One Million Four Hun dred Thousand Q.400.000) thereof shall bt preferred Stock, and the balance One Million One Hundred Thousand Q.100000) thereof shal be common Stock.
 The preferred Stock shall have preference over the common Stock in respect to dividends The net profits realized from the operation O Mines, and handling high grade Real Estate iI which the funds of the Company may have been invested. including the rentals and tho net profits realized whenever sale is made shall be divided in the following manner; FIRST: Ten per cent (l0Z) from the gross ne
 
 ferred Stock of the Corporation, to the holders thereof, as preferred dividend
 SECOND: Five per cent (5%) of the net profits in excess of the said Ten per cent to be placed in reserved fund. until the said fund shal have reached Twenty per cent (20%) of tht Capital Stock of the Corporation, then same tC be divided share an share alike among tho holders. of, preferred and Common Stock of thG Company
 THIRD: The balance of the said profits to bt hfxFfA lad and fhaA hn1A Af and common Stock of the Corporation, equally share and share alike.
 FOURTH: The net profits from the invested reserve fund shalt be equally divided and paiC share and share alike to the holders of pre- ferred and common stock of the Company.
 All dividends payable from the net profits o the Corporation are to be made semi.annually on the first day. of April and October of eacf year.
 As precautionary measure, for the benef of each investor the Board of Directors ma, issue the Common Stock of the Corporation il payment for it's properties. and when so issued the same shall be pooled to prevent it beinJ placed on the market and Interfering with tn, Company's interests and progress This poo can be broken only after the fl rst Ten per cen UO%) dividend has been paid to the holders O all issued preferred treasury Stock of the Com paDy, from the gross net profits heretofor stated.
 Every share of preferred and common Stocl WHtH lSsutu S0dll Dt lully phlu up, ana eve afterwards be non-assessable.
 ARTICLEV.
 The duration of this Corporation shall b, Twenty-Five years from the date of the Certi ficate Of Incorporation issued by the Corpora tion Commission of the State of Arizona, witt the privilege of renewal on the termination o said period as provided by law.
 ARTICLE VI.
 The affairs and business of this Corporation shall conducted and mauAQp0 a n Directors consisting of not less than three no more than seven who shall be bOna.fide Stock holders of same while serving or acting a Directors. The Directors shall hold office fo the term of one year or until their successor are elected and qualify. The Officers of thi Corporation shall be President, Treasure and Secretary, with such others as the BoarC of Directors may see fit to elect or appon after organization. Each and all Officers shal be elected or appointed by the Board of DlreC tors within ten days after the said Director are elected by the Stockholders, and either O all of said Officers may be elected or aDpOinte from the members of said Board of Directors The annual meetlug of the Stockholders shal be held on the tirst Saturday in November O each year at 10 O'clock A. NJ. at the Office O the Company at Nogales. Arizona, at whicl Meeting d Board of Directors shall be electe, for the ensding year Until the first Annus Meeting of the Stockholders hereunder, an, until their successors shall be elected anC
 
 the Officers and constitute the Board of DireC tors for said Corporation: Otto Niemi, Presi dent and Director, Otto H. Herold, Treasure and Director, Benjamin Evans, Secretary an' Director. In the event of any vacancy occurring in any Office in this Corporation, or on tn Board of Directors, said Board shall hay 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 eacl 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 Stockholder or his duly authorized AttoT ney. and filed with the Secretary and ever StockhOlder shall have one vote for each shar ofStock standing registered in his name at tn time of closing the transfer books for sai meeting. The votes for Directors, and upol demand of any Stockholder, the vote upon an question before the meeting shall be by ballol Irs..4' ARTICLEVII.
 The highest amount of Indebtedness O liability, direct or contingent, to which thi Corporation is at any time to subject itsel must in no case exceed Five Hundred Thou sand Dollars, ($50OOO0).
 ARTICLE VIII
 The private property of the Stockholders ( this Corporation shall not be liable for an l.Lk aosl d. ug- |.