The Socorro chieftain. [volume] (Socorro, N.M.) 1902-1959, 1908-04-18

purposes.
lgl To build, construct, purchase or
otherwise acquire. operate, maintain,
sell, mortgage and transfer gas works,
lay pipes and mains aud to furnish gas
for municipal, domestic, manufacture
ing and other purposes.
thl To buy, acquire, own, hold, SELL
transfer, lease, cucumber and improve
town and city lots, water front prop
erty and other lands.
lil To build, construct, purchase or
otherwise acquire, operate, equip,
maintain. sell, mortgage and transfer
hotels. inns, taveruS. summer resorts,
theatres. opera houses and other places
of entertainment, and houses and
buildings, and TO rent the same for
business or residence purposes.
ljl To build, construct, purchase or
otherwise acquire, equip, operate,
mainiaiH, sell, mortgage aud transfer
saw mills, sash and door factories,
planning mills and all other mills for
the manufacture of lumber, and to
handle and sell the products thereof,
and to carry on a general logging bus
iness aud to do aud perform all things
relating thereto.
tkI To buy, acquire, own, sell, mort
gage and deal in any and all kinds of
goods, wares and merchandise, or ma
terial in any wise used in or appertain-
| ing to any of the branches of the busi-
ness herein specified.
D To own, handle and control
shares of capital stock, bonds, notes
and other obligations of other corpor-
| ations and to exercise in respect of all
| such shares of stock, bonds, notes aud
other securities and obligations, all
the rights, powers and privileges of
| individual owners thereof, including
| the right to vote any shares of the
| stock so held by il to the same extent
that a natural person might or could
do; also to acquire, own and dispose of
| the stock of this corporation; also to
promote, facilitate and assist in the
| improvement and development of min
ing properties and the formation of
| any company or companies, and to
guarantee or otherwise secure the pay
ment of any bonds of snch Companies
or interest thereon or the payment of
dividends on the stock of any such cor
porations by pledging or mortgaging
the property of this corporation or any
part thereof, or otherwise.
(m) To borrow money aud to exc
cute notes, bonds, mortgages or deeds
of trust to secure the same and in gem
| eral to do all acts aud things necessary
to the proper conduct of the business
of this corporation in the territory of
Arizona aud elsewhere not iuconsist-
ent with the laws of the United States
aud the Territory of Arizona, and the
several States and Territories in which
this corporation may do business.
Fifth: The authorized capital stock
of this corporation shall be five million
| ($5,OO0,000j dollars, divided into one
million shares of the par value of FIVE
| $500 dollars each. All such stock
shall be common stock. AT least ten
| thousand shares shall be issued and
paid for either in cash or in property
| at the option of the Board of Directors
within three months from the date of
| the filing of this certificate of incor-
poration, and the balance of the cap
| ital stock shall be issued at such times
aud in such amounts and for such con-
siderations, either in money, property,
| labor or any other valuable right or
| thing which shall be authorized and
directed by the board of directors and
in the absence of actual fraud in the
| transaction or transactions the judg
| ment of the board of directors as to the
value of the money, property, labor or
other valuable right or thing for which
| stock is so issued shall be conclusive,
and all of the capital so issued shall
thereupon be and shall thereby become
| fully paid and worcestershire.
Sixth The business and affairs of
| this corporation shall be conducted and
managed by board of five directors
and the following named persons shall
constitute the board of directors for
three months from the date of the filing
of these articles of incorporation and
until their successors are elected, to-
wit:
George A. Ferris. Frank II. Leithei-
ser, James A. Nolan, Jr., V. Philip
| Mravlag, Martin b. Holman.
| Thereafter he board of directors
| shall be elected from among the stock
| holders in the manner provided for in
articles Seventh and Eighth thereof;
| the officers of this corporation who
shall serve for three months after the
date of the filing of these articles and
until their successors are elected by
| the board of directors shall be:
George A. Ferris, President,
James A. Nolan, Jr., Vice-President.
Frank II. Leitheiser, Secretary and
| Treasurer.
Seventh: The annual meeting of
stockholders for the election of direc-
tors shall be held on the first Monday in
June in each year, and the officers for
the ensuing year shall be elected at the
first meeting of directors following
such annual meeting. The time of the
commencement of this corporation
shall be the date of the filing of these
articles of incorporation in the Office
of the Auditor of the Territory of Ari-
zona, and the date of the termination
thereof shall be twenty-five l35l years
thereafter, but its charter rights may
be renewed before its charter expiresl
from time TO time for periods not ex-
ceeding twenty-five years at time
Perpetually.
Eighth: At all Stockholders meet
ings each stockholder shall be entitled
to one vote for each share of stock
held by him or her and such stock
shall be voted either in person or by
written proxy duly signed by the per
son issuing such proxy.
Ninth: The highest amount of in
debtedness or liability, direct or con-
tingent. to which this corporation shall
at any time subject itself, shall be
three 5000, ,0O0l dollars, which amount
does not exceed two-thirds of the total