Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1909-04-27
LEGAL NOTICES

conditions and regulations the %
counts and books of the corporatiop
shall be open to the inspection Of IN
stockholders, and the stockholdsrs
rights in this respect are and SHAH
| be restricted or limited accordingIv
and no stockholder shall have any
right TO inspect any account or book
or document of h corporation, ev-
cept as conferred by statute or an
thorized by the Board of Directors mn
| by a resolution of the stockholders
TO make, alter, amend and reseind
the bylaws Of the corporation. to fix
determine from time to time and vary
the amount to be reserved as work.
ing capital, to determine the times
for the declaration n payment, ana
the amount of each dividend on the
stock. to determine and direct the use
land disposition of any surplus or net
profits. and to authorize and cause ia
be executed mortgages, and liens
upon the real and personal property
Of the corporation, provided, ALWAYS
that "a majority of the whole Board
concur therein.
Pursuant to the affirmative vote of
the holders of a majority of the stock
issued and outstanding at Il stock
holders meeting duly convened. to
sell. assign, transfer or otherwise dis
pose of the property. including the
franchises of the corporation as an
entirety. provided always that a ma
iority of the whole Board concur
therein.
10 appoint additional officers Of
the corporation. including one or
more ViCc-presidents, one or more as
sistant trcasurers. and one or more
assistant secretaries; and to the ex-
tent provided by the bylaws, the per
sons 50 appointed may have and shall
exercise all the powers of the presi-
dent, of the treasurer and of the see
Rotary. respectively. provided, how
ever, that all vice-presidents shall be
chosen from the Directors.
BY a resolution passed by "a ma
jority vote of the whole Board, under
suitable 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 in said
resolution. or in the bylaws, ave or
exercise any and all powers of the
Board of Directors, which may be
lawfully delegated, in the manage
ment Of the business and affairs of
the corporation. ana shall have power
to authorize the seal of the corpora
ton 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 manner.
viz A resolution in writing, signed
affirmatively approved by all the
of the Executive or other
Committee. inc thereafter with Origf-
or with duplicated signatures in
serted in the recorded minutes and
properly dated, shall be deemed to be
by such board or such commit
as the ease may be, to the extent
therein expressed. with the same
force and effect as if the same had
been duly passed by the same vote
Of q regularly convened meeting.
Subject to he foregoing provisions
the bylaws may prescribe the num-
Der of directors to constitute a
at their meetings, and such
number may be less than a majority
Of the whole board.
Period of Existence.
VIII. The period of existence Of
his corporation is limited to fifty
Power to Amend.
TX. The corporation reserves the
light to amend. alter, change and re-
any provision contained in tre
certificate in the manner now and
hereafter prescribed by statute for
amendment of the certificate Of
'Orporatioon.
In Witness Whereof, we have here
INTO set our hands and seals this 21th
.ay or March, A. ID. 1909.