Albuquerque evening citizen. [volume] (Albuquerque, N.M.) 1905-1907, 1905-08-04

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par value thereof, and such dividend
shall be declared annually, If the prof.
its in any such year shall justify, on
the first day of July in each year, or
such other times as the Board Of Di-
rectors or the Executive Committee
shall see fit and determine.
If in any year dividends amounting
to six per cent. per annum shall not
be earned on such preferred stock the
deficiency shall not be a charge on
the net profits or be payable in subse-
quent years. q
The balance of the net profits of the
corporation in any year after the pay
ment of said dividend at the rate Of
six per cent. per annum to the holders
of the preferred stock may be distrib-
uted as dividends among the holders
of the common stock in such year or
years as and when the Board of Di-
rectors or the Executive Committee
shall in their discretion determine.
In the event of the liquidation or
dissolution of the corporation the sur
plus assets and funds thereof shall be
applied in the first place in ~repaying
to the holders of the aforesaid pref
erence shares the full amount of the
principal thereof before any amount
shall be paid upon the common stock
and after such payment in full to the
holders of said preference shares the
surplus assets and funds shall belong
to and be divided among the holders
of the other shares.
From time to time the preferred
and common stock may be issued in
such amount and proportion as may
be determined by the Board of Di-
r%ectors, in accordance with the laws
Of the Territory of New Mexico.
Fffth-The names and p~ostofice ad-
dresses of the incorporators, the num-
Der of shares of stock for which sew
orally and respectively they do hereby
subscribe and the amount of the CAPT.
tai stock with which the company will
commence business are as follows:
G. II. Pattison, Kansas City, Mis-
souri,, 1870 shares, $4,000.
N. ID. Pattison, Kansas City, Mis-
souri,, 1000 shares, $500, 900.
w. L. Pattison, Gardner, Kansas,
300 shares, $50, 900.
c. T. Luthy, Kansas City, Missouri.
500 shares, $50,0 900.
]. F. Luthy, Albuquerque, New Mex
leo, 10 shares, $1,000.
Total, 5000 shares; $500, 900.
SiXth-The period of existence of
this company is limited to fifty years.
Seventh-The directors of said COM
pany who are to act as such for the
first three months after the filing of
this certificate of Incorporation are
as follows:
G. H. Pattison, Kansas City, Mis-
souri,.
N. D. Pattison, Kansas City, Mis-
souri,.
w. L. Pattison, Gardner, Kansas.
c. T. Luthy, ansas City, Missouri.
j. F. Luthy, Albuquerque, New Mex
leo.
The number of directors of the
company shall be fixed from time to
time by the bylaws and may be in
creased as may be provided in the by
laws. In case of any vacancy in the
Board of Directors through death,
resignation, disqualification or other
cause the remaining directors by af-
frmative vote of a majority thereof,
may elect a successor to hold office
for the unexpired portion of the term
of the director whose place shall be
vacant, and until the election of his
successor.
In furtherance and not in limita-
ton of the powers conferred by the
statute the Board of Directors are
expressly authorized as follows:
To hold their meetings, and to have
n or more Offices, and to keep the
books of the company, within or with
out the Territory of New Mexico, at
such places as may be from time to
time designated by them, but the
company shall always keep at its reg
istered office in the Territory of New
Mexico a transfer book in which the
transfers of stock can be made, enter
ed and registered, and also a book
containing the anne and addresses
of the stockholders and the number
of shares of stock held by them re-
spectively which shall be at all times
open to the inspection of the regis
tered stockholders in person.
To determine from time to time
whether and to what extent and un-
der what conditions and regulations
the accounts and books Of the com
pany other than the stock or transfer
books or any of them shall be open
to the inspection of the stockholders
and the stockholders rights in this re-
spect are and shall be restricted or
limited accordingly.
To make, alter, amend and rescind
the bylaws of the company, to fix
the amount to be reserved as working
capital, to fix the time for the declara-
ton of dividends, to authorize and
cause to be a=scuted mortgages and
liens upon the real and personal prop
erty of the company, provided always
that a majority Of the whole Board
concur therein.
To purchase, acquire, mortgage,
pledge, sell and dispose of from time
to time such property, real and per-
sonal, bonds, stocks and other securit-
les as may be deemed necessary or
advisable for the purposes or objects
of the company.
Also in case Of increase of capital
to issue such portion of the unsub-
scribed stock of the corporation as
may be necessary to acquire or pur-
chase property for said corporation,
or to satisfy its outstanding debts or
obligations.
With the consent in writing and
pursuant also to the Affirmative vote
of the holders of a majority of the
stock issued and outstanding at a
stockholders meeting duly called for
that purpose, to sell, assign, transfer
or otherwise dispose of the property
of the company as an entirety, proyid-
ed always that a majority of the en-