The oasis., 1912-11-16

| erect and construct buildings, houses shops, | to engage in trade of every kind to buy aud sell stock of it's own. or any other Corporation and to carry on ana conduct General Mers cantile business; To acquire, build, own, con struct and operate and maintain Rail-ROsds, l Electric Roads, Tramways, Wagon Roads, Canals. Fumes, Pipe Lines. or Telephone Lines, or other agencies or means of Transport tation suitable or convenient for the conduct of it's business. To acquire Water Rights, to l dig Wells, or bore Artesian Wells, and main | tain the same or to do any lawful act or per ] formanee, necessary or incidental to the sale and profitable conduct of its business. 1 ARTICLE "
 The Capital Stock oi this Corporation sha be Two Million Five Hundred Thousand | Dollars ($2.5n0 0O0) divided into Two Million Five Hundred Thousand Shares of the par value of One dollar each per share. Of the above named amount, One Million Four Hun. dred Thousand (l.40O.000) thereof shall be preferred Stock, and the balance One Million One Hundred Thousand Q.lOOOOo) 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 aud the net profits realized whenever sale is made shall be divided in the following manner;
 FIRST: Ten per cent QO%) from the gross net profits. on all the issued and outstanding pre- ferred Stock of the Corporation, to the holders therecf, as a 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 shall have reached Twenty per cent (20%). of the Capital Stock of the Corporation, then same to be divided share anl share alike among the holders of preferred and Common Stock of the Company.
 THIRD: The balance of the said profits to be divided and paid to the holders of preferred and common Stock of the Corporation, equally
 
 FoURTH: The net profits from the invested re eTve fund shal be equally divided and paid share and share alike to the holders of pre- fcrred 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 precautionary measure, for the benefit of each investor, the Board of Directors may issue the Common Stock of the Corporation in payment for It's 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 paDy, 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
 The duration of this Corporation shall be Twenty-Five years from the date of the Certi- heaie Of Incorporation issued by the Corpora ton Commission Ot 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 n1auaged by Board of Directors consisting of not less than three nor more than seven who shall be bonahde Stock holders of same while serving ar acting as f DirpptOFS- DFQpfOFg shall for 1, the term of one year or until their successors are elected and qualify. The Officers of this Corporation shall be q President, Treasurer and Secretary, with such others as the Board of Direct ITS may see fit to elect or appoint after organization. Each and all Officers shall be elected or appointed by the Board of D rec 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 mretlng of the Stockholders shall be held on the first Saturday in November of 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 enSuing 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 Drec tors for said Corporation; 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 for the unexpired 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 Nj. of said day. At each meeting of the Stockholders every stock holder shall be entitled to vote in person or by proxy appointed in writing, subscribed by such Stockholder or his duly authorized Attor- ney, and filed with the Secretary; and every Stockholder shall have one vote for each share . ofStock standing registered in his name at the time of closing the transfer books for said z meeting, The votesIf for Directors, and upon " 'lenAnd' of any Stockholder, the vote upon any question before the meeting shall be by ballot. 2 ARTICLE VII.
 e The highest amount of indebtedness or 2 liability, direct or contingent, to which this f Corporation is at any time to subject itself l must in no case exceed Five Hundred Thou f sand Dollars, ($50O,0OO).
 ARTICLE VIII
 The private property of the Stockholders of this Corporation shall not be liable for any