The Socorro chieftain. [volume] (Socorro, N.M.) 1902-1959, 1908-01-18

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wholly or in part, and pay foI
the same in cash, stock or bonds
of the corporation, or otherwise
Issue bonds, debentures or OBJ
legations of the corporation. and
at the option of the corporation,
to- secure the same by mortgage,
pledge, deed of trust or other.
wise
Enter into, make, perform and
carry out contracts of every kind.
aud for any lawful purposes
with any person, firm, aSsocia-
ton or corporation.
Acquire, hold, use, sell, assign,
transfer, lease, grant, licenses in
respect of, mortgage or other.
wise dispose of letters, patent OF
the United States or any foreign
country, patents, patent rights,
licenses and privileges, irven-
tionS, Improvements, processes.
trade marks aud trade names,
relating to or useful in counec-
tion with any business OF the
corporation.
Purchase, hold and reissue
the shares of its capital stock, ITS
bonds of other securities.
Remunerate any person or cor
poration for services rendered or
to be rendered, in placing or as
sisting to place or guaranteeing
the placing or underwriting of
any of the shares of stock
of the corporation, or any deben-
lures, bonds or other securities
of the corporation, or in or about
the formation or promotion of
the corporation, or in the con-
duct of its business.
With view to the working
and development of the proper
ties of the corporation AMI to ef-
fectuate, directly or indirectly,
its objects and purposes, or any
of them, the corporation may. in
the discretion of the directors,
from time to time. carry on any
other lawful business, manufac-
turing or otherwise, to any ex-
tent and in any manner not un-
lawful.
The corporation may conduct
business in the Territory of New
Mexico and elsewhere, including
any of the states, territories,
colonies or dependencies of the
United States, the District of
Columbia, and any and all for
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
construed both as 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 corporation is authorized
to issue capital stock to the ex-
tent of fifty thousand (S50,000.-
00) dollars, divided into five hun
dred (500) shares of the par
value of one hundred (Sl00.00)
dollars.
The capital stock with which
the corporation will commence
business is one hundred and
twenty (120) shares amounting
to twelve thousand (S12,O00. 0O)
dollars which is subscribed by
the incorporators as follows:
Holm o. Bursum, whose post
Office address is Socorro, Socorro
County, New Mexico, seventy
nine 90 shares, amounting to
the sum of seventy-nine hundred
(S7, 100000 dollars; William d.
Newcomb, whose post-office is
Socorro, Socorro County, New
Mexico, forty (40) shares,
amounting to the sum of four
thousand (S4, 100000 dollars; and
Lulu M. Bursum, whose post
Office address is Socorr6, Socorro
County, New Mexico, one (D
share, amounting to the sum of
one hundred (Sl00.00) dollars.
PERIOD OF DURATION.
The period for the duration of
the corporation 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
Holm o. Bursum, William ID.
Newcomb and Lulu Nj. Bursum,
the incorporators herein.
REGULATIONS RESPECTING DIREc-
TORS.
In furtherance and not in limi-
tation of the powers conferred by