Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1909-06-02
LEGAL NOTICES.

elusive ana binding upon all stock
holders and all persons claiming I'M
der such stockholders.
VII. In f-urtherance 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 or New
Mexico, at such places as may from
time to time be designated by them.
TO determine from time whether,
and. if allowed, under what condi-
tons and regulations the
and books OF the corporation shail be
opon to the inspection Of the stock
| holders, and h Stockholders rights
IN this respect are and shall be re-
strictad or Limited accordingly, and
no stakeholder shall have any right
| to inspect any account or book or
document of the corporation, except
as conferred by statute or authorized
bv the Board of Directors, or by a
resolution of the stockholders.
10 make, alter, amend and rescind
the bylaws of the corporation, TO
fix, determine from time TO time and
| vary the noun to be reserved as
| working capital, to determine the
times for the declaration and pay
ment and the amount of each dtVi-
dend on the stock. to determine ana
direct the use and disposition Of any
surplus or net profits. and to author
ize and cause to be executed, mort
Cages and liens upon the real and
personal property of the corporation,
provided always that a majority Of
the whole Board concur therein, and
further provided that II mortgage
or lien so authorized and executed
shall be to secure current indebted
| ness only of the corporation, and
that an bonded Indebtedness or per-
| manent. i~ncumbrancc of the real and
| personal property of the corporation,
Shall be first authorized by a ma
jority vote of the ommOn stock IS
sued and outstanding, in a stock
holders meeting duly called in ac-
cordance with the statutes and the
Bylaws of the corporation.
Pursuant to the affirmative vote
of the holders of a majority of the
common stock issued and outstand-
ing at a stockholders meeting CtIly
convened. To soil, assign, transfer or
otherwise dispose of the property, in
GLIDING the franchises of the corpora
ton as an entirety. provided, al
ways. that "A majority Of the whole
Board one therein.
To appoint additional officers OF
the corporation, including n or
more Vice Presidents, n or more
Assistant Treasures and one or more
Assistant Secretaries; and, to the eX-
tent provided by the Bylaws, the
persons so appointed may have and
shall exercise all of h powers OF
the President, OF the Treasurer ana
Of the Secretary. respectively, pro-
vidcd, however, that all Vice Jresi-
dents shall be chosen from the Dl-
rcCtors.
BY resolution passed by a majority
vote Of the whole Board, under suit
able provision of tho Bylaws to
designate two or more of their num-
Der to constitute an executive COM
mittcc. which committee shall, Tor
the time being, as provided Tor IN
said resolution, or in the Bylaws
have and exercise any or all powers
Of the Board of Directors, which
may be lawfully delegated. in the
management OF tho business n az
fairs OF the corporation, and shall
have power to authorize the seal OF
the corporation to be affixed to all
papers which may require IT,
The Board of Directors ana the
Executive Committee shall, except as
otherwise provided by law. have
power to not in the following man
ner. viz. \ resolution in writing,
signed as affirmatively approved by
all The members 81 the Board OF Dt-
rcctors. or by all the members OF the
executive or other committee, and
thereafter with original or with dup
Heated signatures inserted in h re-
corded minutes and properly dated,
shall be deemed to be action by such
Board or such committee. as D.
case may be. to the extent therein
expressed. with the same force and
effect as IL the same had been duly
passed bv the same vote at "A regular
convened meeting.
Subject to the foregoing provisions
the Bylaws may prescribe the num-
Der of Directors to constitute a
quorum At their meetings and such
number may he less than a majority
Of the whole Board.
VIII. The period Of existence Of
this corporation is limited TO fifty
years.
The corporation reserves the right
to amend. alter. change OF repeal any
contained In this certificnt"
in the manner now "i hereafter pre-
by statute Tor tho amend !