Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1909-06-01
LEGAL NOTICES.

elusive and binding upon all stock
holders and all persons claiming un-
der such stockholders.
VII. In furthcranCe 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.
To determine from time whether,
and, If allowed. under what condi-
tons and regulations the accounts
and books of the corporation shall be
open to the inspection of the stock
holders, and the STOCKHOLDERS rights
IN his respect are and shall he re-
stricted 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
by the Board of Directors, or by a
resolution of the stockholders.
To make. alter, amend ana 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 the
times for the declaration and pay
ment and the moun of each divi-
dend on the stock, to determine and
direct the use ana 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 any mortgage
or lien so authorized and executed
shall be to secure current indebted
ness only of the corporation, and
that all bonded Indebtedness or per-
mancnt incumbrance of the real and
personal property of the corporation,
shall be first authorized by a ma
jority vote of the common 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 C,lly
convened, to sell, assign, transfer or
otherwise dispose of the property, in
Guiding the franchises of the corpora
ton as an entirety. provided, al
ways, hat a majority of the whole
concur therein.
TO appoint additional officers of
the corporation, including ono or
Vice Presidents. one or more
Trcasurers and one or more
Secretaries; and, to the ex-
tent provided by the Bylaws. the
persons so appointed may ave and
shall exercise all of the powers of
President. of the Treasurer and
Of the Secretary, respectively, pro-
vidcd, however, that all Vice Jrcsi-
dents shall be chosen from the Di-
BY resolution passed by a majority
of the whole Board, under suit
able provision of the Bylaws to
designate two or more of their num-
to constitute an executive COM
which committee shall, for
time being, as provided Tor in
aid resolution, or in the bylaws.
have and exercise any or an powers
Of the Board of Directors, which
nay be lawfully delegated. in the
Management of the business and ar
airs OF the corporation, and shall
power to authorize the seal OF
he corporation to be affixed to all
pers which may require it.
The Board of Directors and the ,
Executive Committee shall. except as
otherwise provided by law, have
to act in the following man
viz. 4 resolution in writing.
igned as affirmatively approved by
N the members of the Board Of Di-
or by all tho members of the
xecutive or other committee, and
hereafter with original or with dup
signatures inserted in the re-
orded minutes and properly dated. q
hall be deemed to be action by such
board or such committee. as the .
ase may be. TO the extent therein :
Xnrcssed. with the same force and
fleet as if the same had been duly o
'asscd by the same vote at q regular
onVcned meeting.
Subject To the foregoing provisions
Bylaws may prescribe the num-
Of Directors 10 constitute a Ii
uorum at their meetings and such q
may be Jess than a majority .
OF the whole Board. :
VIII. The period 81 existence OF u
his corporation Is limited 20 fifty
ears.
The corporation reserves the right q
amend. alter. change OF repeal any v
revision contained in his certificate ;
! the manner now or hereafter pre- l.
cribcd BY statute for the amend 10