The Socorro chieftain., 1908-12-19

tfiCt OF COlumOia, ana any duu all TOT
eign countries, have one or more offices
therein, and therein TO hold, purchase.
mortgage, pledge and convey real and
personal property.
The foregoing clauses shall be con-
strued both as objects and powers, but
no recitation, expression or declara-
tion 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.
AUTHORIZED CAPITAL STOCK.
The corporation is authorized to
issue stock to the extent of Two Hun
dred and Fifty Thousand $3.50, ,0OO.00l
Dollars, divided into twenty-five hun
dred (2S00l shares of the par value of
One Hundred lS100.O0) Dollars each.
CAPITAL STOCK SUBSCRIBED.
The capital stock with which the
corporation will commence business
is One Thousand and One (iOOil shares,
amounting 10 One Hundred Thousand
and One Hundred lSiO0, 100000 Dollars.
which is subscribed by the incorpo-
rators as follows: Ethan W. Eaton,
whose post Office address is Socorro,
Socorro county, New Mexico, seven
hundred and fifty shares, amounting
to the sum of Seventy.five Thousand
(S75, COCOON Dollars; Harry M. Dough-
erty, whose poat ofIice address is So
corro, Socosro county, New Mexico,
two hundred and fifty shares, amount
ing to the sum of Twenty-Five Thou
sand ($2S, ,O00.0 .0Ol Dollars; John T.. Grif-
fifth, whose post Office address is So
corro, Socorro county, New Mexico,
one share amounting to the sum of
One Hundred l$iO0.00) Dollars.
PERIOD OF DURATION.
The period of duration of the corpo-
ration 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 Ethan w. Eaton,
Harry M. Dougherty and John f. Grif-
fifth, the incorporators herein.
REGULATIONS RESPECTING
DIRECTORS.
In furtherance and not in limitation
of the powers conferred by statute. the
Board of Directors are expressly au-
thorized:
To hold their meetings, to have one
or more officers, and to keep the books
of the corporation within or, except 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 il allowed, under what
conditions and regulations the ac-
counts and books of the corporation
shall be open TO the inspection of the
stockholders, and the stockholders
rights in this respect are and shall be
restricted or limited accordingly, and
no stockholder shall have any right to
inspect any account or book or docu-
ment of the corporations except as con-
ferred by statute or authorized by the
Board of Directors or by resolution
of the stockholders.
To make, alter, amend and rescind
the bylaws of the corporation, to fix,
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 net prof
its, and to authorize and cause to be
executed mortgages and liens upon the
real and personal property of the cor
poration, provided always that ma
jority of the whole board concur there
in.
Pursuant to the affirmative vote of
the holders of a majority of the stock
issued and outstanding, at a stock
holders meeting duly convened, to
sell, assign, transfer or otherwise dis
pose of the property, including the
franchises of the corporation as an en-
tirety, provided always that a majori-
ty of the whole board concur therein.
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
Isas affirmatively approved by all the
members of the Board of Directors,
and thereafter with original or with
duplicate signatures inserted in the
recorded minutes and properly dated,
shall be deemed to be action by 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 passed by the same vote at
a regularly convened meeting,
Subject TO the foregoing provisions
the bylaws may prescribe the number
of directors to constitute a quorum at
their meeting and such number may
be less than majority of the whole
| number.
The corporation reserved the right
to amend, alter, change or repeal any
| provisions contained in this certificate
in the manner nor or hereafter pre-
scribed by statute of the amendment
of the certificate of Incorporation,
| In witness whereof, we have here.
unto set our hands and seals this the
18th day of December A. ID. 1908.
(Signedl
| ETHAN w. EATON, (SeaD
| HARRY M. DoUcHRRTY, (Seal
JOHN E. GRIFFITH, (Seal)
| Territory of New Mexico
County of Socorro.
Personally appeared before me. the
undersigned authority, Ethan w
Eaton, Harry M. Dougherty, and
John f.. Griffith, all well and person.
ally known to me TO be the same per
sons who signed the above and fore
going instrument ia writing, and they
each acknowledged to me that they
sealed, signed and executed the same
as their free acts and deeds for tn,
uses and purposes therein set forth
and contained.
In witness whereof, have hereuntS