The oasis., 1912-11-23

| erect and construct buildings, houses, shops, to engage in trade of every kind. to buy ana sell stock of its own. or any other Corporauon and to carry on an1 cOhduet SeneIai me.- sa. cautile business; To acquire, build, own, con struct and operate and maintain kaii Roaas, Electric Roads, Tramways, Wagon koaos, Canals. Fumes, Pipe Lines. or Telephone Lines or other agencies or means oi franspor. tation suitable or convenient for the conduct | of its business. To acquire Water Rignts 10 dig Wells, or bore Artesian Wells, and main- tain the same or to do any iawiui sc' Sa pen s,a 1 formance, necessary or incidental to the saie and profitable conduct of It's business.
 ARTICLE ".
 The Capital Stock Of this Corporation snail 1 be Two Million Five Hundred Ihonsand Dollars, ($2.50 000) divided into TWO Million | Five Hundred Thousand Shares Of the par value of One dollar each per share. Of the l above named amount, One Million Four Hun. dred Thogss1d SOS tS Sa,snee sneee9l One sai Moe l One Hundred Thousand q .lOOOOO) thereon snail | be common Stock
 The preferred Stock shall have preference over the common St )ck 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 nave 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-
 ierred Stock of the Corporation, to the holders thereof as preferred dividend
 srcoNp: Five her cent (5Z) of the net profits in excess of the said Ten per cent to be placed
 in A reserved fund. until the said fund shall have reached Twenty per cent (2O%). or the
 Capital Stock of the Corporation, then same to be divided share an share alike. among the
 holders of preferred and Common Stock of the Company. A
 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.
 : FouerH. The net profits from the invested l e.erye fund shall be equally divided and paid
 share and share alike to the nolders oi pre- . ferred and common stock Of the Company;
 All dividends payable from the net prohts or l the Corporation are to be made semiannnally
 on the first day of April and octo0erot each year. As a precautionary measure, for the benefit 6 of each investor, the Board of Directors may
 issue the Common Stock of the Corporation in n payment for its properties, and when so issued
 the same shall be pooled to prevent IL pelhg }. placed on the market and Interfering with the CompanS's interests and progress This pool fl can be broken only after the first Ten per cene
 u0D dividend has been paid to the holders oi r all issued preferred treasury stock or the Ooi-
 papy from the gross net profits heretofore Il stated. o
 Every share of preferred and common Stock 2 when issued shall be fully paid up, and ever Q afterwards be nOn-assessable.
 l. ARTICLE
 The duration of this Corporation shall be 6 Twenty-Five years from the date of the Certl'
 fcate of Incorporation issued by the Corpora
 ton Commission of the State oi Arizona, WI witn d
 the privilege of renewal, on the terminauoh o
 said period as provided by law
 0 ARTiCLEVI.
 The affairs and business of this Corporation st shall be conducted and managed by Board ol
 Direct tors consisting of not less than three no B. more than seven who shall be bona.fde Stock
 holders of same while serving or acIlng h ,6 Directors. The Directors shall hold office 10
 the term of one year or until their successor ! uyo fN Officers
 Corporation shall be d President, Treasure
 and Secretary, with such others as the boarC
 of Directors may see fit to elect or appoin = after organization. Each and all oincers shal
 be elected or appointed by the Board of Drec
 tors within ten days after the said Director
 are elected by the Stockholders and either o
 all of said officers may be elected or appointe
 from the members of said Board oi Directors oo The annual meeting of the Stockholders shal nIo 70 be held on the first Saturday in November o of each year at 10 O'clock A. NJ. at the Omce c Sa the Company at Nogales, Arizona, at whlcl i% Meeting n Board of Directors shall be electe 4 for the ensuing year. Until the first Annua an,' Meeting of the Stockholders hereunder an ,h- until their successors shall be elected an' aro qualified, the following named persons ar 't the Officers and constitute the Board of Dire( or tors for said Corporation; Otto Nlenl, Pres eal;; dent and Director, Otto H. Herold, Treasure on' and Director, Benjamin Evans, secretary an rr @ Director In the event of any vacancy occurln =; in any Office in this Corporation, or on th ' Board of Directors, said Board shall hay
 power to fill said vacancies by appointment ic
 the unexpired term, or until their successor . are duly elected and qualified. The Director
 shall meet on the first Saturday. of eac
 month at 10 O'clock A M. of said day.
 each meeting of the Stockholders every stocl
 holder shalI be entitled to vote in person {
 by proxy appointed in writing, subscribed !
 such Stockhoider or his duly authorized Alto
 ney. and filed with the Secretary; and evel rc Stockholder shall have one vote for each sha IS: of stock standing registered in his name at u na' time of closing the transfer books for ga aK, meeting The votes for Directors, and upC | oi demand of any Stockholder, the vote upon al IS question before the meeting shall be by ballC ,ica ARTICLE VII
 ate The highest 'afnount.of indebtedness inv liability, direct or contingent, to which tn Q n} Corporation is at any time to subject its' and must in no case exceed Five Hundred Tho of sand Dollars, ($50O.O0G. 'i ARTICLE VIII.
 Tho nrivate property of the Stock khOlderS