Section 7
SEC. 7. After deduction of the administration expenses, the net profits or gains resulting from the operations of said corporation shall be apportioned annually as follows: For the creation and maintenance of a reserve fund, a" sum equal to twenty per cent of the net profits. The remainder of said profits shall be distributed among the stockholders in the form of dividends, unless a majority of the stockholders should resolve that all or part of the dividends available for distribution be set aside to extend the business of the corporation.