The Socorro chieftain., 1907-07-20
of New Mexico.


otherwise dispose of the stocks. bonds.
aud other obligations of any corpora.
tion, domestic or foreign, aud TO pay
for the same in cash or to issue in ex.
change therefor, its own stock, bonds.
or other obligations, aud while the
owner thereof to exercise all the
rights aud privileges Of ownership,
including the right to vote thereon.
IL To guarantee the payment Of
dividends or interest on any shares of
stock, bonds, debentures. or other Sc
curities or obligations of this or any
other company whenever IN the judg-
mcn' "f 'he Board of Directors it is
drrmed proper or necessary for the
business of the company.
II. In aud To the extent permitted
by the local laws of each state aud
foreign country where the property
may be situated, aud subject always
to such local laws, The company may
cause or allow the legal title, estate
aud interest in any property or busi-
ness acquired, established or carried
on by the company to remain or TO be
vested, or registered ia the name of or
carried on by an individual. or by any
other company accompanies, foreign or
upon trust for. or as agents or nominees
OF this company, or upon any other
terms or conditions which the Board
of Directors may consider for the ben
eft of this company and manage the
affairs, or take over and carry on the
business of such company or compa-
nies so formed or to be formed. either
by acquiring the shares. stocks, or
M AE
and exercise all or auy of the powers
OF holders of shares, stock or securi-
ties thereof. and receive aud distribute
as profits the income. dividends, aud
interests on such shares, stocks or
other securities.
l3. To remunerate any person or
corporation for services rendered, or
TO be rendered. in placing or assisting
to place or guaranteeing the placing
of any of the shares of stock of the
corporation, or any debentures or 9TH
er securities of the corporation, or in
or about the formation or promotion
of the corporation, or in the conduct
of its business.
IL. To acquire by purchase, gift or
otherwise and to hold intact and re-
issue the shares Of its capital stock.
q
herein set forth to the same extent as
natural persons might or could do,
and in any part of the world.
10. The foregoing clauses shall be
construed both as objects aud powers;
and it is hereby expressly provided
that the foregoing enumeration of
specific powers shall not be held to
limit or restrict in any manner the
powers of the corporation.
Article ". The corporation shall
be authorized to issue capital stock 10
the extent of five hundred thousand
$500, 600. .OO) Dollars, divided into five
Hundred Thousand 900, ,000) shares of
the par value of one ($l.O0) dollar each.
Article V. The names and pUstoffice
addresses of the incorporators aud the
number of shares subscribed for by
each are as follows:
Jonathan p. Worrell, Terre Haute,
Indiana, 1000 shares.
Harriet NJ. Babcock, Kelly, n. Mex,
1000 shares.
Luther z. Breaks, Terre Haute.
Indiana, 1000 shares.
George O. Dix, Terre Haute, Indi-
ana, 1000 shares.
Lawrence X. Babcock, Rosedale,
New Mexico, lUOU SnareS.
Article vi. Duration of the corpora
ton shall be fifty (50) years.
Article VII. In furtherauce and not
in limitation of the powers conferred
by statute, the Board of Directors are
expressly authorized:
/. To hold their meetings, to have
one 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 10
time designated by them; but the
company shall always keep at its
principal and registered Office in New
Mexico a transfer book in which the
transfers of stock shall be made, ell
tered and registered, aud also 4 book
containing the names and addresses
of the stockholders, and the number
of shares held by them respectively,
which shall be AT all times during
business hours open to the inspection
of the stockholders in person.
,. To determine from time to time
whether, and If allowed under what
conditions aud regulations the ac-
counts and books of the company, OF
any of them, shall be open To the in.
spection of the stockholders. aud the
stockholders rights in this respect are
and shall be registered or limited ac-
cordingly.
). To make, alter, amend aud re-
scind the bylaws of the company, to
fix the amount to be reserved as work
ing capital, to fix the times for the de
claration and payment of dividends
to authorize aud cause TO be executed
mortgages and liens upon the real es
tate and personal property of the
company, warrants, bonds, deben
lures, notes and other obligations pro
vided always, that a majority Of the
whole Board concur therein.
4. 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 Z
stockholdes' meeting duly called for
that purpose, to sell, assign, transfer
or otherwise dispose of the property oi
| the Company as an entirety, provided
always, that a majority of the whole
board concur therein.
5. BY resolution passed by a ma
| lority vote of the whole Board undel
suitable provision of the Bylaws tC
designate two or more of their number
20 constitute an executive committee
which committee shall, for the tim'
being, as provided in said resolution
or in the Bylaws, have and exercis'
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