The Socorro chieftain. [volume] (Socorro, N.M.) 1902-1959, 1908-07-18

power, and to erect, acquire,
maintain and operate any and all
structures. machinery, pole lines
and other necessary appliances
and appurtenances for such pur-
poses; and to acquire by pur-
chase or otherwise and to use,
lease, sell or otherwise deal with
letters patent, patent rights,
licenses and other property or
rights;
To acquire, by purchase or
otherwise, the business, plant
and other assets, or any part
thereof, of any corporation. as
sociaIiou, firm or individual, for
any OF the objects aforesaid;
To do any other acts and
things which may seem to the
Board of Directors to be calcu-
lated, directly or indirectly, to
promote the company's interest or
to enhance the value of its prop
erty rights;
To acquire, by purchase or
otherwise, any stocks, bonds or
evidences of Indebtedness of any
corporation or corporations own
ing any lands, buildings, mills,
machinery, letters patent, rights
or other property, or mining,
manufacturing or producing any
materials or property necessary
or proper for the business or OBJ
jects of the Company, or owning
any townsite located at or near
any such lands or buildings; to
held for investment or other7i
and to use, sell or otherwise dis
pose of any such stocks, bonds
or evidences of indie btedneSs, to
do any acts or things for the
preservation, protection, i'm
provement or enhancement of
the value of any such stocks,
bonds or other evidences of in
debtedness; and, while the owner
of any such stock, bonds or other
evidences of indebtedness to ex-
ercise all the rights, powers and
privileges of ownership, includ-
ing the right to vote thereon.
The business of the Company
is, from time to time, to do any
one or more of the Acts and
things herein set forth, and the
corporation may conduct its bus
mess in other states and in for
eign countries and have one or
more offices out of the Territory
of New Mexico, and hold, pur-
chase, lease, mortgage and con-
vey real and personal property
outside of the Territory of New
Mexico and in any other state,
Territory or country; and it is
hereby expressly declared and
provided that the Corporation
shall have power to make and
perform contracts of any kind or
description, and, in carrying on
its business, or for the purpose of
attaining or furthering any of it's
objects, to acquire any property,
including stocks and bonds of
other corporations, and to do any
and all other acts and things
and exercise any and all other
powers which a co-partnership
or natural person could do or eX-
ercise and which now are or
hereafter may be authorized by
law.
The foregoing clauses shall be
construed as both objects and
powers, but no recitation, express
sion or declaration of specific or
special powers or purposes here
in enumerated shall be deemed
to be exclusive; but it is hereby
expressly declared that all other
lawful powers not inconsistent
Herewith are hereby included.
AUTHORIZED CAPITAL STOCK
". The total authorized cap
ital stock of the corporation is
three million dollars ($3, 900, ,000.'
OO) divided into three hundred
thousand shares of the par value
of ten dollars 10000 each. OI
such total authorized capita
stock one hundred thousand
shares, amounting at par to ont
million dollars (Sl, ZOO, 900 90
shall be preferred stock, and tive
hundred thousand shares, amount
ing at par to two million dollari
| (S2, 900. 100000, shall be common
stock.
From time to time such prefer
red and common stock shall b'
issued in such amounts and pro
portions as shall be determined
by the board of directors and a
may be permitted by law.
The holders of the preferred
stock shall be entitled in eacl
fiscal year to receive non-cumu
lative dividends at such rate, no
exceeding Z per cent per annum
payable quarterly, as the ne
profits Of the Company shall sui