The Tucumcari news and Tucumcari times. [volume] (Tucumcari, N.M.) 1907-1921, 1907-10-26

A A Blankenship Tucumcari, N NJ 10
Theo w Heman 10
John l. Whitmore {
7 II Sisney S
Who shall act as Directors, and shall
have power to employ all persons neces-
sary, provide all rules and regulations nee
until the first regular election of Directors,
as provided for by the bylaws of the said
corporation.
Seventh. Such corporation when so or
ganized, shall have the power to conduct
the business of receiving money on deposit
and allowing interest thereon, and Of buy
ing and selling gold, silver, coins of all
kinds, uncurrent money, of loaning money
upon real estate and personal property,
and upon collateral, personal or live stock
security, at a rate of interest not exceed.
ing, selling and discounting negotiable and
unacceptable paper Of all kinds, as well as
all kinds of commercial paper, and also
buying and selling the bonds and stocks
OF this or any other Territory or State, or
of the United State $, also the bonds or
other evidences of Indebtedness, of any
County, City. Town or School District, in
this or any other Territory or State. le-
gally authorized TO issue such bonds or ey-
licences of Indebtedness, and for all loans
and discounts made, such corporation may
receive and maintain, in advance, interest
thereon.
Such corporation shall also have power
to issue its own evidence of Indebtedness,
and negotiate the same to an amount not
exceeding ninety per cent OF the aggregate
loans made and held by such corporation,
and secured 10y mortgage or deeds OF trust
upon real estate. as hereinafter authorized:
Provided however that this section shall
not be construed so as TO empower such
corporation to issue notes for circulation.
This corporation shall also have and
exercise such incidental powers as may be
necessary to carry out the purposes IF its
organization, and transact lis business. TO
elect from its members, not exceeding nine
a Board of Directors, who may choose out
Of their number a President, V~ice-presi-
dent and appoint a cashier or treasurer.
teller or such other officers and agents as
their business may require, and as may be
provided for by their bylaws; and remove
such officers and agents at pleasure, and
appoint others in their places. Each share
shall entitle the owner TO one vote and
stockholders may vote in person or by
proxy, duly authorized by writing, and in
a directors meeting each Directors power
shall correspond to the number of shares
Of stock he represents,
| This corporation shall have power to
have succession by its corporate name, for
the period limited in its charter or Certih.
cate Of incorporation, but not to exceed
nifty years.
IL To sue and be sued in any court or law
OF equity,
III To make and use 4 common seal, and
alter the same n pleasure.
" To hold, purchase and convey such
real and personal estate ss the purpose Of
the corporation shall require, and all other
real estate which shall nave been conveyed
or mortgaged TO the said corporation by
way Of security, or in satisfaction Of debts.
or purchased at sales upon judgments or
decree obtained for such debts, and TO
mortgage any such real or personal estate
with its franchises, the power to hold real
and personal estate shall include the power
to make the same by devise or bequest.
' To appoin, sucn othcers and agents as
the business Of the corporation shall re-
quire. and to allow them suitable compen-
sa,ion.
To make bylaws nN,ng and altering the
number o; rs Directors and providing tor
the management Of is property the resu-
.a,on anl soy-rnmen, Of It's affairs ana
the transfer Of Us stock, With penalties for