Holbrook argus., 1902-05-10

be provided for by bylaw, all of whom shall be elected or appointed in such manner, and laws may prescribe. The directors shall hold office for one year from the time of their election and until their successors shall be elected and qualified Vacancies in the Board of Directors shall be filled by ap- pointment by the Board: Any person so al- pointed to hIl vacancy in the Board of Di- rcctors shall hold office until the next annual election and unti! his successor shall be elected and qualified. No person shall be electio, or appointment the holder of one or more shares of the capital stock.
 Sec 2. All electious of dir ,ctors shall be by ballot. and every stock holder shall have the right to vote in person or by proxy the number of shares standing in his name on the books of said Company, for any or all per sons us directors to be elected, m such man ner as is provided by the by-laws of the company.
 Sec. s. The affairs of said Corporation are to be coductcd by Board of director, com posed of tbree members and ure ii M. Hol- iemau, 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, aud until their successors are elected and qualified. Said above named persons hereb, 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 hOl ie of one or more shares of said capital tock within sixty days from the date of these articles of Incorporation, or in default thereof shall cease to be director whenever .aftersaid sixty days, his default continuing the Board of Directors shall declare his place vacaht for such default.
 Sec. |. The assent of stock holders repre- sentin2 u 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 If twO-thirds of the issued and outstand- ing shares of the capital stock wheresoever given, shal be effectual to adopt amend or repeal Jaws. or to adopt, amend or repeal rules or regulations for the management of the affairs of said company.
 sec ,. Inc Board of Directors at any meet ing, regular or special, may adopt, amend or repeal bylaws providing tor the time. place and manner oi holding, calling and conduct ing annual, regular and special meetings of the stock holders and of the Board of Direct ors, the number of stockholders or directors constituting quorum. the mode of voting by proxy at stOckhO ders' meetings, the time Uf 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 dir. ctors. the transier 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 it's affairs, us might or could be adopted, amended or repealed by the stockholders of said company provided. that the stockholders, by resolution passed at any
 
 any by-law. 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 re, oked or abridged such authority may again confer the same by similar resolutions and may in like manner revoke or re confer such au- thority from time to time.
 SIXTH
 That the highest amount of indebtedness In fIVan nass.f Iax. of it's capital stocx) to which said company is at any time to subject itself, or be subject ed, shall not exceed Fifty Thousand ($50,OOO) Dollars.
 That said Company shall have power to is sue sell and hypothecute its bonds for the furthernnce of any and all the purposes for which said Company is formed us set forth in these articles of incorporation and any IL nendment or amcndments 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 it's 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 corporate debts
 In witness Whereof, We nave hereunto set our hands and seals this 18th day of April A. D. 1902.
 Seal |. |. Henry.
 Seal C. M. Sabin.
 Territory of New Mexico. ss.
 County of Mckinley,
 On this 15th day of April in the year One Thousand Nine Hundred and Two A. D. 1902l before me W. F. Kuchenbecker, n Notary Public in and for New Mexico duly commissioned and sworn personally appeared l.. l.. Henry and C. N Sabin, to me known to be the persons des- cribed in and whose names are subscribed to- and who executed, the foregoing and aIl- 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 officicial seal the day and year in this certificate first above written, [Seal WE. Kuchenbecker. Notary Public , Filed and recorded ut the request of l.. l..