The Socorro chieftain. [volume] (Socorro, N.M.) 1902-1959, 1906-06-23

from time 70 time. carry on any other
lawful business, manufacturing or
otherwise, to any extent and in any
manner not unlawful.
The corporation may conduct busi-
ness in the Territory of New Mexico
and elsewhere, including any of the
states, territories, colonies or depend
encies of the United States, the Dis
trict of Columbia. and any and all
foreign countries, have one or more
offices therein, and therein to hold,
purchase, mortgage, pledge and con-
vey real and personal property.
The foregoing clauses shall be con-
strued both as objects and powers, but
no recitation, expression or declara-
ton of specific or special powers or
purposes herein enumerated shall be
deemed to be exclusive; but il is here
by expressly declared that all. other
lawful powers not Inconsistent there
with are hereby included! g.,
AUTHORIZED CAPITAL STOCK.
The corporation is authorized 10 is
sue capital stock to the. extent of
fifty thousand SSO,OOO.OO) dollars, di-
vided into five hundred (sOO) shares of
the par value of one hundred (S100.OO)
dollars each.
CAPITAL SUBSCRIBED. ..
The capital stock with which the
corporation will commence business
is sixty t60) shares amounting TO six
thousand (S6,0OO.O0 dollars which is
subscribed by the incorporators as
follows: +.
John A. Macdonald whose post
office address is Kelly, Socorro county,
New Mexico, twenty 't20I shares,
amounting to the sum Of two thou
sand (S2000.O0l dollars; Patrick. j. Saw.
age, whose postoffice address is So
corro, Socorro county, New Mexico,
twenty (20) shares, amounting TO the
sum of two thousand (S20O0.OO) dollars;
and Harry NJ. Dougherty, whose post
Office address is Socorro, Socorro
county, New Mexico, twenty (2O)
shares, amounting to the sum of two
thousand (s20O0.0O) dollars.
PERIOD OF DURATION.
The period OF the duration of the
corporation shall be fifty years.
BOARD OF. DIRECTORS.
The Board of Directors for the first
three months shall consist of three in
number and shall be John a. Mac
Donald, Patrick j. Savage and Harry
NJ. Dougherty, the incorporators here
in.
REGULATIONS RESPECTING DI.
RECTORS.
In furtherance and not i'll limitation
of the powers conferred by statute,
the board of directors are expressly
authorized:
hold eI,a.,- a. 49,. -.
or more offices, and to keep the books
as otherwise provided by statute,
without the territory of New Mexico.
at such places as may, from time to
time be designated by them.
To determine, from time to time,
whether, and, if allowed, under what
conditions and regulations the ac-
shall be open to the inspection of the
stockholders, and the stockholders
rights III this respect are and shall be
restricted or limited accordingly, and
no stockholder shall have any right to
inspect any account or book or docii-
ment of the corporation, except as
by statute or authorized by
the board of directors or by a resolu-
To make, alter, amend aud rescind
the bylaws of the corporation, 10 6z,
determine, from time TO time, and
vary the. amount TO be reserved as
working capital, to determine the.
times for the declaration and payment
and the amount of each dividend on
the stock, to determine and direct the
use and disposition of, any surplus or
aaf 20 etd IN astA
20 be executed mortgages and liens
upon the real and personal property
of the corporation. provided always
concur therein. s-...r- e..
Pursuant to the affirmative vote of
the holders of a majority"of the stock
issued and outstanding, at stock
holders meeting duly convened, TO
sell, assign, transfer or otherwise dis
pose of the property, including the
franchises of the corporation as an
entirety, provided always that a ma
jority Of the whole board concur there
in. =" -.tt 7-5....... d.
The board of directors shall, except
as otherwise provided by law, have
power To act in the following manner,
viz; a resolution in writing, signed as
All ANt
bers of the board of directors. and
thereafter with original or With du-
plicate signatures inserted in the
recorded minutes and properly dated,
shall be deemed to be action .hy such
board, as the case may be, to the ex-
tent therein expressed, with the same
force and effect as if the same had
been duly pissed by the same vote
at a regularly convened meeting.
Subject TO the foregoing provis-
ions the bylaws may prescribe the
number. of directors to constitute a
quorum at their meeting and such
number may be less than a majority
of the whole number. ''
The corporation reserves the right
to amend, alter, change or repeal
any provisions contained in his GER
tificate in the manner now or here
after prescribed by statute Of the
amendment of the certificate of iu-
corporation.
In witness whereof, we have here
unto set our hands and seals this the
day of June. A. d. 1906.
(Signedl
JOHN A. MACDONALD, tSeall
PATRICK ]. SAVAGE, [Seall
HARRY NJ. DoUGHERTy. lSeaV
Territory of New Mexico.
County of Socorro. %