The Tucumcari news and Tucumcari times. [volume] (Tucumcari, N.M.) 1907-1921, 1907-09-21
tion may be served is w. A. Jackson.
ARTICLE III

AhIlCLE Ill
The objects for which this
ton IS formed are to acquire. hold,
lease, manage, operate, develop, build,
erect, maintain for the purposes of
tile company, construct, reconstruct
or purchase, either diretcly or through
ownership of stock In any corporation,
any water-w0rks, gas houses, electric
and power plants and street railways
operated 10y electric or other power,
and for said purposes to purchase or
otherwise acquire, hold, and use aud
enjoy any franchise, grant, privileges,
and permits from any town or city
In the Territory Of New Mexico, or in
any other State or Territory.
Objects sUBsIDI%
To purchase or otherwise acquire,
sell, dispose OF and deal in real and
personal property Of all kinds.
To enter into, make, perform and
carry out contracts OF every kind ana
for any lawful purpose with any per-
son, firm, association Or corporation.
TO issue bonds, debentures Or oOli-
cations of the company, from time to
time, for any OF the objects Or pur-
poses OF the company, and to secure
the same by mortgage, pledge, deed OF
trust or otherwise.
To purchase, hold and REISSUE the
shares Of the capital stock.
10 the extent and In the manner
permitted by local laws TO conduct
business In any States, Territories,
colonies Or dependencies OF the United
States, and In any and all foreign
countries; to have one or more offices
therein. and therein to hold, pur-
chase, mortgage and convey real and
personal property.
The foregoing clauses shall be con
strued both as objects and powers;
and 1t 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; and In gen.
eral, To carry OH any other business
in connection with the foregoing,
whether manufacturing or otherwise,
and to have and to exercise all the
powers conferred by the laws Of the
Territory Of New Mexico upon cor
porations formed under the act here
lnbefore referred TO
ARTICLE ~
The Corporation is authorized To
issue capital stock 90 the extent OF
two hundred and fifty Thousand
1881, 0OO. OOl dollars, uiviued into
$500 shares Of the par value OF One
Hundred Dollars each,
Or said ca pital stock, fifteen hun
dred shares shall be preferred stock,
and the balance, IN thousand shares
shall be common stock.
The preferred stock may be issued
as when the board or directors shall
determine, and shall enJitle the hold
ers thereof To receive out uf the sur
plus or net earnings, and the corpora
ton shall be bound 10 pay thereon. as
and when declared by the board Of
directors, 4 dividend at the rate of
but never exceeding ten per centum
per annum cumulative from and after
the First day OF January, 1908. paya-
BILE yearly, hali-yearly, VI quarterly;
before any dividend shall be set apart
paid on the common stock; pro-
vided, however. That whene yer u div
idend Is paid Oh the preferred stock
and all prior dividends thereon have
been paid, the directors shall. il in
their Judgment the surplus Or net
profits, alter deducting the mou OF
dividends 10 accrue, Oh the preferred
stock during the current year. shall
be sufficient for such purpose, have
power then or thereafter 10 declare
and pay Il dividend Oh the common
In case OF liquidation or dissolution