Albuquerque daily citizen. [volume] (Albuquerque, N.M.) 1895-1903, 1903-03-14

pers that may require II.
The Board of Directors, by the af-
firmative vote of a majority of the
whole board. may appoint any other
standing committees. and such stand
ing committees shall have and may
exercise such powers as shall be con
ferred or authorized by the bylaws.
The Board of Directors may appoint
not only other officers of the company,
but also one or more vice-presidents,
one or more assistant treasurers, and
one or more assistant secretaries; and,
to the extent provided in the bylaws,
the persons so appointed respectively
shall have and may exercise all the
powers of the president, of the treas
urer and of the secretary respectively.
The board of directors shall have
power from time to time to fix and to
determine and TO vary the amount of
the working capital OF the company;
and to direct and to determine the use
and disposition of any surplus or net
profits over and above the capital
stock paid in; and in its discretion the
lOdlh VI RAl1iNolS iAh boC oAib oBBAF
any such surplus or accumulated
profits in purchasing OF acquiring its
bonds or other obligations, or shares
of it's own capital stock, to such ex-
tent and in such name and upon
such terms as the board of directors
shall deem expedient; but shares of
such capital stock so purchased or ac-
quired may be resold, unless such
shares shall have been retired for the
purpose of decreasing the company's
capital stock as provided by law.
The Board of Directors from time to
time shall determine whether and to
what extent, and at what times and
places, and under what conditions and
| regulations, the accounts and books of
the corporation, or any of them, shall
be open to the inspection of the stock
holders, and no stakeholder shall have
any right to inspect any account or
book or document of the corporation,
except as conferred by statute or au-
thorized by the Board of Directors or
by a resolution of the stockholders.
Subject always to bylaws made by
the stockholders, the Board of Direc-
tors may make bylaws, and, from time
to time, may alter, amend or repeal
any bylaws; but any bylaws made by
the Board of Directors may be altered
or repealed by the stockholders at any
annual meeting, or at any special
meeting, provided notice of such pro-
posed alteration or repeal be included
in the notice of the meeting.
The company and it's directors and
managers thereof shall cause to be
kept proper books of account, in which
shall be kept full, true and complete
accounts of the affairs and transac'
tons of the company; and shall once
at least in each year, and at intervals
of not more than twelve months, cause
the accounts of the company to be
balanced and a shareholders balance
sheet to be prepared, shall u a
copy of such shareholders balance
sheet to be laid before the stockholders
at the annual meeting, and a copy tC
be deposited at the REGISTERED office o.
the for the inspection of the
stockholders in person during a period
of at least sever days before the meet
ing.
The stockholders balance sheet shall
be in such form as may be from time
to time directed by the stockholders
and shall in every case contain the
amount of capital issued and the
amount paid up thereon, distinguish
ing the amour of capital paid up II
money and the amount paid up other
wise than in money, and the arrears, /
any. of calls due; the amount of debt
due by the company, distinguishing th'
amount of mortgages and lien charges
upon the general assets of the com
pany; the amount of debts due The
company after making a proper deduc
ton for debts considered to be bad o.
: doubtful. The actual amount of SUI
plus Gf any and the nature and mod
in which it is used and invested. TIL
amount by which the gross value o
: the assets of the company has bee
increased since the last balance shee
in consequence of any increase in tn
J valuations of real or personal propert,
= belonging to the company.
5 Article vi. The registered Office o
5 the company is Che same being ais,
? the p~ostofice address of the subscrib
ing incorporators), No. 525 Mail
Street, East Orange, New Jersey, ant
: the New Jersey Registration and Trus
Company is designated, as the agen
therein in charge thereof, and upo
whom process against this compan
, may be served.
In. accordance with an Act of tn
Legislature of the State of New Jerse
entitled AN Act Concerning Corpori
2 lions" CRevision of 1886, and the act
amendatory thereof and supplement-
thereto, for the purpose of forming
e. corporation of unlimited duration
'e do business both within and withol
nt the State of New Jersey, the unde
y, signed do respectfully subscribe f,