Forth Wisd Aviaton recelved its chsoter during January authorizing the followitg cacilal stock: Proiemed sfock \& peicent, par 510 authorited 20.000 shares. Cormmon slock par \$L withorieded 50.000 share The following teansoctions occurtod during the firs year of ooerations in the orcer glven. i. lswued a togs of 42.000 shares of the common slock for sth por shave. be issued t 2,000 shares of the preferned stock at sth per shace. C. istued 3,200 shaces of the common stock at 122 per shaie and 1,200 shares of the greleried sack at 5 ta. a Ner income for the frst year wist 550,000 , but no drwidends were deciared Aeguiredi