Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1909-05-31
LEGAL NOTICES.

elusive and binding upon all STOCK
holders ana all persons claiming I'M
der such stockholders.
VII. In furtherance and not IN
Limitation of the powers conferred by
statute, the Board of Directors are
expressly authorized;
To hold their meetings, TO have
one or more offices, and to keep the
books of the corporation within or
EXCEPT as otherwise provided by stat
ute, without the Territory of New
Mexico, at such places as may from
time TO time be designated by them,
Tt determine from time whether,
and. if allowed, under what cond1-
tions and regulations h accounts
and books of the corporation shall be
open to the inspection of the stock
holders, and the stockholders rights
IN this respect are and shall be re-
stricted or Limited accordingly, and
no stakeholder shall have any right
to inspect m account or book or
document of the corporation, except
as conferred by statute or authorized
by the Board of Directors, or by a
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 he
times for h declaration n pay
mont and the mount of each divi-
dend on the stock, to determine n
direct the use n disposition OF n
surplus or net profits, and TO author
ize and cause to be executed, mort
I Cages and liens upon the real n
personal property of the corporation.
provided always that a majority OF
the whole Board concur therein, and
further provided that any mortgage
$780, ~. .-.t...g.aI -. Axr1tttAI
shall be TO secure current indebted
ness only of the corporation, and
that all bonded indebtedness or per
mancnt inCumbrancc of the real and
personal property of the corporation.
shall be first authorized by Il ma
jority vote Of the common stock is-
sued and outstanding, in a stock
holders meeting duly called Ia ac-
cordance with the statutes and the
bylaws Of the corporation.
Pursuant to the affirmative vote
of the holders Of q majority OF the
common stock issued and o~utstand-
ing at n stockholders meeting tlly
convened. to sell, assign. transfer or
otherwise dispose of the property, in
Guiding the Franchises Of the corpora
ton as an entirety. provided at
ways. hat a majority OF the Whole
BOARD concur therein,
10 appoint dOultloudl oAllrtiS u
the corporation, including ono or
more Vice Presidents, one or more
Assistant Treasures and one or more
Assistant Secretaries. and, to the eN-
tent provided by the Bylaws, the
persons so appointed may have n
shall exercise all of the powers of
the President, of the Treasurer and
OF the Secretary, respectively, pro-
Vided, however, hat all Vice Jresi-
1,Ht- shall ks chosen fTAn the Di-
rectors.
BY resolution passed by a majority
vote of the whole Board, under suit
able provision of the Bylaws TO
designate two or more of their num-
Der TO constitute an executive COM
mittee. which committee shall, for
the time being. as provided Tor in
said resolution, or in the bylaws
have and exercise n or all powers
of the BOARD Of Directors, which
may be lawfully delegated. in the
anagcmcn Of the business and al
fairs of the corporation. and snail
have power to authorize the seal oil
the corporation to be affixed to all
papers which may require it.
The Board Of Directors and the
Executive Committee shall. except as
provided by law. have
power to act in the following man
ner. viz \ resolution in writing.
signed as affirmatively approved by
all tho members Of the Board OF III
rec:ors, or BY all tho members OF the
executive or other COMMITTEES. n
thereafter with original or with dup
Heated signatures inserted in the re-
corded minutes and properly dated,
shall be deemed to be action BY such
Board or such committee, as the
case may be. 10 the extent therein
expressed with the same force ana
effect as if the same had been duly
PASSED by the same vote at a regular
convened meeting.
Subject 70 the foregoing provisions
the Bylaws may prescribe the mum
Der Of Directors TO constitute a
quorum at their meetings and such
number may be less than a majority
Of the whole Board.
VIII. The period of existence OF
this corporation Is limited 10 fifty
years.
The corporation reserves the right
to amend. alter. change or repeal any
provision contained In this certificate
in the manner now or hereafter pre-
scribed by statute for the amend f.