Las Nuevas de la Estancia. (Estancia, Nuevo MeÌjico) 1904-1908, 1906-05-11
(SEAL)


(SEAL) By w. V. White,
Assistant Secretary
ARTICLES OF INCORPORATION,
KNOW ALL MEN BY THESE PREsENTs That
we, the undersigned do hereby for ourselves
associates and successors, enter into and adopt
the following Articles of interpretations
Article |.
The name of the corporation hereby organ
lied shall be
ESTAN JIA VALLEY TOWN SITE AND DE.
VELOPMENT COMPANY,
and its principal place of business shall be
Mcintosh, Torrance County, New Mexico, and
the name of the agent in charge thereof is.
Alfred II. Bromelsck, with branch offices in
such other place or places as the Board of
Directors shall determine, for holding stock
holders meetings aud the transacting of such
business of the corporation as the Board of
Directors may direct and determine.
Article ii.
The object of the corporation and the gen
Cral nature of the business shall be, to locate
persons and families on lands and in homes, IN
colonies or otherwise; buy and sell real and
personal property; locate and acquire title to
and plat and sell town sites and town lots and
property; erect buildings and otherwise i'm
prove the same; buy and sell all supplies used
or needed in agriculture, horticulture and
stock raising and any other goods mer-
chandise and live stock; engage in agriculture,
horticulture or gtOck raising acquire, build,
own and maintain roads, telegraph and tele-
phone lines; to own, buy, sell, improve and de-
yelop mines, minerals and mineral lands on
each and every line named as the Board of Di
rectors may determine.
Article III.
This corporation may commence business
when the sum of Three Thousand Dollars of
It's capital stock is subscribed and continue
twenty years from May 1st, 1906, unless sooner
dissolved in manner provided by law.
Article ",
The amount of the authorized capital stock
of this corporation shall be Twenty five Thou
sand Dollars, divided into two hundred and
fifty shares of the par value of One Hundred
Dollars each, The amount of capital stock
with which the corporation may commence
business is Three Thousand Dollars.
Article V.
The capital stock of the corporation shall be
and the par value of each share
shall be One Hundred Dollars.
Article VI.
Such an amount of tho capital stock of this
corporation as the Board of Directors may
may be issued in payment for prop
erty franchises or other business purposes.
Article VII,
The highest amount of Indebtedness, or IL
ability, to which this corporation shall at any
time be subject shall not exceed the amount of
its paid-up capital stock,
Article VIII.
All conveyances, or membranes, of real
property OF this corporation shall be in the
name of the corporation, by its President and
secret Ary, on the order or authority of the
Board of Directors No indebtedness shall be
contracted by the corporation or held as bind
ng against it, except ON authority of the Board
If Directors.
Article TX,
The corporation shall have prior lien upon
he shares of stock and upon all monies or
property due any stOckholder from the corpo-
alton for all sums unpaid upon the capital
took or by him otherwise due to the corpora
ion.
Article Y.
The private property of the stockholders of
his corporation shall not be liable for corpor-
tie eebts
Article XI
The affairs of this corporation shall be man
ged by Board of Directors consisting of three
II more stockholders and not exceeding each
md all stockholders of the corporation, who
hall be elected at the annual meeting of the
tockholders of said corporation ON or about
he Saturday following the first Tuesday of
february in each year, except in case of vacan-
y in said Board, the Board of Directors may
III such vacancy or may elect addi tional drec-
0rs not to exceed the said maximum number
ntil the annual meeting.
Article XII
The directors of this corporation for the first
hree months. except as herein before provided
or filling vacancies and increase of the num-
er shall be as follows; Thomas Elliot. Santa
e, n. NJ, Robert A. Thompson, McIntosh,N.
l., Joseph {. Maxwell, Artesia N. M Eugene
, Reilly, Roswell, n. NJ, Alfred H. Bromelsick
rtesia, N NJ, and George W. Harbin ,Jicarina.
Concluded on Page ID