The Socorro chieftain., 1907-05-25


clare il TO be a corrcc, Transcript
therefrom aud OF the whole thereof
Given under my hand and hc Great
Seal of the Territory OF Ncw NtNicu
AT the City of Santa 10, tn, CdpitAi
on this 23rd day OF April, y. ID.
1907.
!. W 2AyNoLDs.
lsEALl Secretary 90 NeN Mexico.
by ~. y. FLINT,
Assistant Secretary.
CERTIFICATE OF NCOErORA-
TION.
We, the undersigned, do hereby as
sociate ourselves together as a body
corporate under the laws of New Mex
leo as set forth in Chapter Seventy
nine (79l, Acts of the Thirty-siXth
Legislative Assembly, assuming all the
powers and privileges granted there
under, for the purpose hereinafter set
forth and adopt the following;
ARTICLES OF INCORPORATION
Article l. Name The name OF this
corporation shall be "The Automo-
bile Railway & Car Company
Article II. Place of Business It's
principal place of business shall be at
the Office of a. b. Coon on Mauzan-
ares Ave, in Socorro, New Mexico
and A. B. Coon will be the agent in
charge thereof; but branch offices may
be established and all business car
ried on at such other places as the by
laws may provide or the directors may
designate or determine.
Article III. Objects. The principal
object and business OF this corpora
ton shall be to manufacture, assem-
bic, repair, buy, sell and lease auto
mobiles, automobile railway cars,
automobile railway tracks aud all
their parts, appliances and appurtcn-
ances; but it shall also have power in
connection Herewith to borrow and
loan money, issue bonds, mortgages,
notes and preferred stock, to buy, sell
and lease lands; to build, buy, lease
and sell buildings, and to do such 9TH
er things as the board of directors
may Judge to be convenient, protita-
BILE or necessary in carrying on such
principal business; all of which busi-
ness it is especially provided may be
carried OIL in this or any other terri
tory, state or foreign country.
Article w. Capital stock. The cap
ital stock of this corporation shall be
two hundred and fifty thousand dol
lars (S25O,o00) divided into shares of
the par value of one hundred dollars
tS1O0l each; and such capital stock
shall be issued and sold in such
amounts, at such times, and III such
manner and on such terms, as the
board of directors may determine.
No transfer of stock issued or sold for
less than par shall be valid in the
hands of third parties if made within
flfa nj &C nd
all stock issued or sold at less than
par shall be accepted with this under
standing and shall bear upon its face
the above limitation.
This corporation shall begin busi-
ness when the capital stock of the par
value of not less than Five Thousand
dollars (S5,000) has been subscribed.
No transfer of the stock of this cor
poration shall be valid until the orig
inal certificate has been surrendered
to the secretary and Cancelled by him
aud a new certificate issued III lieu
thereof.
This corporation shall have a first
lien upon all shares of stock sold for
any balance remaining due and un'
paid and the treasurer when ordered
by the board of directors shall, after
thirty 1907 days notice TO the delin
quent stockhclder, sell at public auc
ton such number of said shares Il:
will pay the liability due thereon to
gether with all interests and costs anC
he shall transfer said shares to tn
purchasers who shall be entitled &
certificates therefor.
Article V. lncorporators. The fol
lowing named persons do hereby as
sociate themselves together as incor
porators and subscribe for the amount
of capital stock set opposite their re
spective names:
b. G. Fuller, Des Moines, Ia, ?
shares 5000.
John Swift, Des Moines, Ia. ,
shares $1,000.
H. G. Cue, Des Moines, Ia, 20 share
$1,000.
Article vi. Term. This corpora
ton shall begin business when its Al
ticles are filed with the Secretary O
New Mexico, and the certificate issue
therefor; and shall continue for tift
years unless sooner dissolved by opei
alton of law or by vote of three
fourths of the stockholders.
Article VII. Limit Of Indebtedness,
This corporation shall not at am
time incur debts TO exceed two-third
of it's capital stock.
Article VIII. Exemption. All pr
vate property of stockholders shall
exempt from the payment of corporal
debts.
Article TX. Stockholders Meetings
Stockholders meetings shall be calle
and held at the time aud place provi'
ed in the bylaws.
At ali stockholders meetings a nj
jority of the stockholders shall b
present in person or by proxy 70 COZ
stitute quorum for transaction {
business.
Article X. Board of Directors. III
business of this corporation shall
managed by board of directors cho
en- by the stockholders from anon
their own number at the time an