The oasis., 1912-12-14

any and all kinds of Mining Machinery. to erect and construct buildings houses shops, to engage in trade of every kind to buy and sell stock Of it's own. or any other Corporation and to carry on and conduct a General Mer- cantile 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, to 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 safe and profitable conduct of It's business
 ARTICLE ".
 The Capital Stock Of this Corporation shall be Two Million Five Hundred Thousand Dollars, (S2500 000) divided into Two Million Five Hundred Thousand Shares of the par value Of One dollar each per share. Of the above banned amount, One Million Four Hun. dred Thousand Q.400000) thereof shall be preferred Stock, and the balance One Million One Hundred Thousand Q.l0O.000) 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 i been invested. including the rentals and the | net profits realized whenever sale Is made shall be divided in the following manner; FIRST: Ten per cent (l0%) from the gross net | profits. on all the issued and outstanding pre- ferred Stock of the Corporation, to the holders i thereof, as a preferred dividend.
 | SECOND: Five per cent (5%) of the net profits l in excess Of the said Ten per cent to be placed in q reserved fund. until the said fund shall have reached Twenty per cent (20%) of the | Capital Stock of the Corporation then same to | be divided share and share alike among the holders ofprefeETed and Common Stock of the Company. 't' rr THIRD: The balance of the said profits to be 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 reserve fund shalt be equally divided and paid | share and share alike to the holders of pre- ferred and common stock of the Company.
 All dividends payable from the net profits of the Corporation are to be made semi.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 in payment for Its properties, and when so issued the same shall be pooled to prevent it being placed on the market and Interfering with the Company's interests and progress This pool can be broken only after the first Ten per cent U0%) dividend has been paid to the holders of 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 hiLeFWhTus De nOH-hsSeSshDle.
 ARTICLE V.
 The duration of this Corporation shall be | Twenty-Five years from the date of the Certi- ficate of Incorporation issued by the Corpora ton Commission of the State of Arizona, with the privilege of renewal, on the termination of said period as provided by law.
 ARTICLE VI
 The affairs and business of this Corporation shall be conducted and managed by a Board of Directors consisting of not less than three nor more than seven who shall be bona-tde 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 fit to elect or appoint after organization. Each and all Officers shall be elected or appointed by the Board of Direc- tors within ten days after the said Directors are elected by the Stockholders, and either or all of said officers may be elected or appointed from the members of said Board of Directors The annual meetlug of the Stockholders shall be held on the first Saturday in November oi each year at 10 O'clock A. NJ. at the Office Of the Company at NOgales Arizona at which Meeting Board of Directors shall be elected for the ensding year. Until the first Annual Meeting of the Stockholders hereunder, and until their successors shall be elected and qualified, the following named persons are the officers and constitute the Board of Diree. tors for said Corporations Otto Niemi, Presi dent and Director, Otto H. HerOld, Treasurer and Director Benjamin Evans, Secretary and Director. In the event of any vacancy occurring in any Office in this Corporation, or on the . Board of Directors, said Board shall have power to fill said vacancies by appointment foI the unexpred term, or until their successors are duly elected and qualified The Directors shall meet on the first Saturday of each month, at 10 O'Clock A M of said day. Al each meeting of the Stockholders every stock holder shall be entitled to vote in person or l hs,, infaH int tyrit had hN such Stookholder or his duly authorized Attor ney. and filed with the Secretary and ever! Stock holder shall have one vote for each share . of Stock standing registered in his name at the f time of closing the transfer books for GaiC ! meeting The votes for Directors and upor . demand of any Stockholder, the vote upon any 3 question before the meeting shall be by ballot g ARTICLE VII.
 : The. highest amount of indebtedness ol f fllability direct or contingent, to which thi Corporation is at any time to subject itsel f must in no case exceed Five Hundred Thou sand Dollars ($50O.UO0).
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