Holbrook argus., 1902-05-31

said company. and such other officers as may be provided for by bylaw, all of whom shall be elected or appointed in such manner, and at such times. and for such terms ns the by laws may prescribe. The directors shall hold office for one year from the time of their, election. and until their successors the Board of Directors shall be filled by ap- pointmcnt by the Board. Any person so ap- pointed to i'll vacancy in the Board of Di- election and unti; his successor shall be elected and qualified. No person shall be n dirictor who shall not be at the time of his election or appointment the holder of one or more shares of the capital stock.
 Sec 2. All electious of directors shall be by ballot, and every stock holder shall have m Gr hGy proxy the books of said Company, for any or all per- sons as directors to be elected, in such man ner as is provided by the bylaws of the Sec. g. The affairs of said Corporation are to be coductcd by Board of directors com posed of tbree members and are Il. M. Hol. lemau, J. r. Graves and Cynthia Parks Said directors hereby appointed shall hold office until the annual election to be held on the first Monday in January 1903, and until their successors are elected and qualified Soid above named persons hereby appointed di- rectOrs are not ineligible as such because of not holding any shares of the capital stock of said Company at the time of their ap- pointment as such directors; but each of said directors so appointed shall become the nol !ei of one or more shares of said capital 'tock within sixty days from the date of these thereof shall cease to be a director whenever after said sixty days his default continuing the Board of Directors shall declare his place vacant for such default.
 Sec. l. The assent of stock holders repre- senting majority of the issued and out standing shares of the capital stock, given at any meeting of the stockholders regular or special, or the written assent of the hold CTS of two-thirds of the issued and outstand- ing shares of the capital stock wheresoeyer given; shall be effectual to adopt, amend or repeal by-laws, or to adopt, amend or repeal rules or regulations for the management of the affairs of said company.
 Sec. D. The Board of Directors at any meet ing, regular or special. may adopt, amend or repeal bylaws providing for the time, place and manner of holding, calling and conduct ing, annual, regular and special meetings of the stockholders and of the Board of Direct ors, the number of stockholders or directors constituting quorum. the mode of voting by proxy at stockholders meetings the time of the annual election of directors and the mode and manner of giving notice thereof the compensation and duties of officers, the manner of election and the terms of office of all officers other than the directors, the transfer of the stock of said company, and all such other bylaws and rules and regulations for the government of said company and the Board of Directors thereof, the transaction of the business of said company and the management of its affairs, as might or could be adopted, amended or repealed by the stockholders of said company provided that the stockholders, by resolution passed at any stockholders' meeting may amend or repeal any bylaw, or any such rule or regulation. which may have been adopted by the Board of Directors and may revoke in whole or in part or abridge the authority herein confer red on the Board of Directors to adopt, amend or repeal bylaws. and having revoked or abridged such authority may again confer the same by similar resolution, and may in like manner revoke or re-cOnfer such au- thOrity from time tO time.
 That the highest amount of indebtedness or liability, direct or contingent (exclusiye of its capital stock) to which said company is at any time to subject itself, or be subject ed, shall not exceed Fifty Thousand H5O. .OOO) Dollars.
 SEVENTH
 That said Company shall have power to is- sue, sell and hypOthecute it's bonds for the furtheruncc of any and all the purposes for which said Company is formed as set forth in these articles of incorporation and any a. nIendment or amendments which may be made thereto, and to secure such bonds and other debts and obligations of said com, any by mortgage, trust deeds or pledges of any or all its property; and shall have power to create sinking fund for the payment of any of its bonds, debts or obligations.
 EIGHTH
 The private property of the members of this corporation and the OckhOlders there- of, shall be exempt from liability for the corporate debts.
 In witness Whereof, We nave hereunto set our hands and seals this 18th day of April A. D. 1&l
 (Seall l.. L. Henry.
 lSeall c. M. Sabin.
 Territory of New Mexico, ss.
 County of Mckinley,
 On this 18th day of April in the year One Thousand Nine Hundred and Two IA. D. 1902l before me w. F. Kuchenbecker, a Notary Public in and for the County of Mckinley and the Territory of Nayy m miSsi md personally appeared l.. l.. Henry and O. NJ. Sabin, to me known to be the persons des- cribed in and whose names are subscribed to. and who executed, the foregoing and an nexed Articles of Incorporation of the COL ONIAL TRADING STAMP COMPANY and they acknowledged to me that they exc cuted the same freely and voluntarily for the uses purposes and considerations herein mention- ed and expressed.
 In witness whereof have hereunto set my hand Ofiicicial seal the day and year in this certificate first above written,
 tSeal] WE. Kuchenbecker.