Holbrook argus., 1902-05-03


 laws may prescribe. The directors shn,l hold office for one year from the time of iheir election and until their successors shall be elected and qualified Vacancies in the Board of Directors shall be filled by ap- pointlnent b.. the Board. Any person so ni,- pointed to iil vacancy in the Board oi Di- reetors shall hold office until the next annual elected and qualified No person shall be n diric,or who shall not be at the time of his election or appointment the holder of one or more shares ot the capital stock
 sec z. All electious of directors shall be by ballot and every stock holder sliail have the right to vote in person or by proxy the number of shares standing in his name on the books oi said Company, for any or all per- sous as directors to be elected, in such man. ner us is provided by the by-laws of the See. 5. The affairs of said Corporation are to be coductcd by Board of uircctors com posed ot t6res members and are fl M. HoI. directors hereby appointed shall hold office until the annual election to be held on the nrst Monday in January, 1903, and until their aDove named persons hereb, appointed d. rectors are not ineligible as such because of not holding any shares oi the capital stock of said Company at the time of their AID. pointinent as such directors; but each of said directors SO appointed shall become the hol e of one or more shares uf said capital 'och within sixty days from the date ot these .,rticies of Incorporation. or in default thereof shall cease to be u director W heneyei after said sixty days, his default continuing the Board of Directors shall declare his ulure vacant for such default.
 Sec. The assent of stock holders repre- sentimg majority of the issued and out standing shares of the capital stock, given at any meeting of the stockholders r.ruInr or special, or the written assent of the hold CTS of two-thrds of the issued and outstand- ing shares of the capital stock wheresoeyer given. shall be etfectual to adopt amend or repealb -luws or to adopt, amend or reuenl rules or regulations for the management of the affairs of said company.
 See. ,. The Board of Directors at any meet Ing, regular or special. may adopt, amend or repeal by-luws, providing for the time place and manner of holding, calling and conduct ing annual, regular and special meetings of ors, the number of stockholders or directors constituting quorum. the mode of voting by proxy at stoclthoiders meetings, th, time : of the annual election of directors and tb. mode and manner of giving notice thereof the compensation and duties of officers th. manner of election and the terms of office of all officers other than the directors, the transfer of the stock of said company and aIl such other bylaws and rules and ree,,jution, for the government of said company and the Board of Directors thereof, the transaction Of the business of said company and tbe management of it's affairs, as nigh, or could be adopted, amended or Iepeuled by the stockholders of said company prov yide,i that the stockholders, by resolution passed nj uIIX stockholders meeting may amend or repeal any py-law or any such rule or regulation. nd of Directors, and may revoke in whole or in part or abridge the authority herein coI,fer- 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.
 SIXTH
 That the highest amount of indebtedness or liability, direct or contingent (exclusiys of it's capital stock) to which said company IS flf mn ts iant ed, shall not exceed Fifty Thousand ($50. .OOO) Dollars. SEVENTH
 That said Company shall have power to is sue. sell and hypOthecute its bonds for the fnrthernnce of any and all the purposes for which said Company is formed us set forth in these articles of incorporation and any a- nieidment 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 stock holders there- of. shall be exempt from liability for the In witness Whereof, We nave hereunto set our hands and seals this I5tll day of April A. D. IWl.
 lSeall l.. l.. Henry. Seal C. M Sabin.
 Territory of New Mexico,t ss
 County of Mckinley,
 On this 15tl, day of April in the year One Thousand Nine Hundred and Two IA. D. 19O2l before me W. Y. Kmchenbecker q Notary Public in and for the County of Mckinley and the Territory of New Mexico duly commissioned and sworn personally appeared L. l.. Henry and C. Nj. Sabin; to me known to be the persons des- cribed in and whose names are subscribed to, nexed Articles of Incorporation of the COL ONIAL TRADING STAMP COMPANY and they acknowledged to me that they exc cuted the same freely and voluntaril, for the uses purposes and considerations herein mention ed and expressed.
 In witness whereof have hereunto set my hand oicicial seal the day and year in thi, certificate first above written,
 lSeall WIZ. Kuchenbecker. Notary Public r, Filed and recorded at the request of l.. l.. Henry April l6 1902 at 9 a. m. and duly TO. corded in Vol No. of Art. of Inc. on naxes Nos: 7s at siq Records of Navajo County. Irix