Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1909-04-28
LEGAL NOTICES

conditions and regulations The q q
counts and books of the cornoratSo.
shall be open to the inspection of W.
stockholders. and the stockholders
rights in this respect are and shai,
be restricted or limited accordingI'
and no stakeholder shall have ssnn,,
| right TO inspect any o or booi,
or document of the corporation ox
cept as conferred by statute or an.
thorizcd by the Board of Directors on
BY a resolution of the Stockholders
To make, alter, amend and rescind
the bylaws of the corporation. To ftv
determine from time to time and van,
the amount to be reserved as worl
ing capital, to determine the timas
for the declaration n payment, ana
the amount of each dividend on the
stock, to determine and direct the psa
and disposition Of any surplus or net
profits. and to authorize and cause IA
be executed mortgages, and liens
upon the cal and personal properly
of the corporation, provided, always
that a majority of the whole Board
concur therein.
Pursuant to the affirmative vote NJ
the holders of a majority of the stock
issued and outstanding at 1t stock
holders meeting duly convened, ia
sell. assign, transfer or otherwise dis
pose Oh the DiOlltl W ilNibNlilg the
franchises of the corporation rs an
entirety. provided always that a ma.
iority Of the whole Board concur
therein.
To appoint additional officers OF
the corporation. including one or
more vice-presidents, n or more as
| sistant and one or mora
assistant secretaries; and to the ex.
tent provided by the bylaws, the per.
sons so appointed may have and shall
exercise all the powers of the presi.
dent, of the treasurer n of the sec
Rotary, respectively, provided, how
eyer. thai all vice-presidents shall be
chosen from the Directors.
BY a resolution passed by a ma.
tOrity vote Of the whole Board. under
suitable provision of the bylaws. to
| designate two or more of their mum
Der to constitute an Executive Com
| mittee, which committee shall. for
the time being, as provided in said
resolution, or in the bylaws, have or
exercise any and all powers of the
Board of Directors, which may be
lawfully delegated, in the manage
mcnt of the business and affairs Of
the corporation, and 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
otherwise provided by law, have
power to act in the following manner.
viz: A resolution in writing, signed
as affirmatively approved by all the
members of the Executive or other
Committee, INK thereafter with orig.
nal or with duplicated signatures in
serted in the recorded minutes and
properly dated. shall be deemed to be
action by such board or such commit
tee as the case 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 a regularly 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 be less than a majority
of the whole board.
Period of Existence.
VIII. The period of existence Of
this corporation is limited to fifty
years.
Power to Amend.
TX. The corporation reserve the
right to amend, alter, change and re-
certificate in the manner now and
hereafter prescribed by statute for
the amendment Of the certificate Of
corporation.
In Witness Whereof, we have here
unto set Il hands and seals this eth
day of March. A. u. 1909.