Albuquerque daily citizen. [volume] (Albuquerque, N.M.) 1895-1903, 1903-03-14
ferred by the laws of the state of New
InrcnN

The objects and powers specified In
this article shall not be deemed ex-
elusive. nor shall any clause in this
article be limited or restrained by ref
erence to or interference from the
terms of any other clause of this. or
any other article of this certificate.
without in any particular limiting
any of the objects and powers of the
corporation, it is hereby expressly de-
clared and provided that the corpora
ton shall have power to issue bonds
and other obligations in payment for
property purchased or acquired by it,
or for any other objects in or about its
business; to mortgage or pledge any
stocks, bonds or other obligations, or
any property which may be acquired
by it, to secure any bonds or other
obligations by it issued or incurred; to
guarantee any dividends, or bonds, or
contracts, or other obligations; to
make and perform contracts of any
kind and description and in carrying
on its business, or for the purpose OF
attaining or fuTthering any of its OBJ
iects. 70 do any and all other acts and
things, and to exercise any n all
other powers which a copartnership or
natural person could do and exercise,
and which now or hereafter may be
authorized by law.
Article III. The corporation shall
be authorized to issue capital stock to
the extent of Eight Million Dollars
(sS, 900 ,000), divided into eight hun
dred thousand (S00, 000) shares of the
par value of Ten Dollars $50 each.
Article ". The duration of the cor
poration shall be perpetual.
Article V. The number of the direc-
tors of the company shall he fixed from
time to time by the bylaws; but the
number if fixed at more than three,
shall be some multiple of three. The
directors shall be classified with re-
spect to the time for which they shall
severally hold office by dividing them
into three classes, each consisting of
one-third of the whole number OF the
board of directors. The directors OF
the first class shall be elected for a
term of one year; the directors of the
second class for a term of two years;
and the directors of the third class for
a term of three years; and at each an
nual election the successors to the
class of directors whose terms shall
expire in that year shall be elected to
hold office for the term of three years.
so that the term of office of n class
of directors shall expire in each year.
The number of the directors may he
increased as may be provided in the
bylaws. In case of any increase of the
number of the directors the additional
directors shall be elected as may be
, provided in the bylaws by the direc
tors or by the stockholders at an an
nual or special meeting; and one-thir(
of their number shall be elected fol-
! the then unexpired portion of the tern
of directors of the first class, one-thirC
e of their number for the u~nexpired por
ton of the term of the directors of tn
second class, and one-third of thei
number for the uneXpired portion o
the term of the directors of h thir'
class, so that each class of director
e shall be increased equally.
In ease of any vacancy in any class
of directors through death, resignation
disqualification or other cause, the re
naming directors, by Affirmative vot'
e of a majority thereof, may elect a sue
cessor to hold office for the ~uneXpiret
II portion of the term of the directo
II whose place shall be vacant, and unit
the election of a successor.
The board of directors shall hav'
power to hold their meetings outsid
of the State of New Jersey at sue.
+ places as from time TO time may b
+ designated by the bylaws or by resC
% luton of the board. The bylaws ma
" prescribe the number of directors nee
is essary to constitute a quorum OF tn
board of directors, which number ma
be less than a majority of the Who'll
'e number of the directors.
n Unless authorized by votes given !
person or by proxy by stakeholder
holding at least two-thirds of the cap
tai stock of the corporation, which
represented and voted upon in perso
r. or by proxy, at a meeting special
called for that purpose, or at an al
nual meeting, the Board of Director
shall not mortgage or pledge any of it
real property, or any shares of h
capital stock of any other corporation
n but this prohibition shall not be col
e strued to apply to the execution of an
purchase-money mortgage or an
e other purchase-money lien.
AS authorized by the Act of the Les
n islature of the State of New Jerse!
n passed March %, 1901, amending tn
k, seventeenth section of the Act co
corning corporations (Revision
1886 any action which heretofore 7
or quired the consent of the holders
IN, two-thirds of the stock at any meetin
he after due notice to them given, or
Ter quired their consent in writing to
Igs filed, may be taken upon the conse
nd, of. and the consent given and filed