Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1910-08-04

(, AMOUNT of each dividend on the stock.
to determine and direct he use and
| disposition of any surplus or net prof
its, and to authorize and cause TO DE
! 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 2 majority OF the stock
| issued and outstanding at a stock
holders meeting duly convened, TO
sell. transfer, or otherwise dispose of
the property, including the franchises
OF the corporation as an entirety. pro-
vided always that a majority of the
whole Board concur therein.
To appoint additional officers of
the corporation. including n or
more vice-presidents, one 0r more as
sistant treasurers. and n or more as
sistant secretaries; and to the extent
provided by the bylaws, the persons
may have and shall exercise all the
powers of the president. of the treas
urer. and of the secretary, respect
lively. provided, however, that all vice
presidents shall be chosen from the
directors.
BY a resolution passed by a ma
lority 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. have
and exercise any or all powers of the
board of directors, which may be lew
fully delegated, in the management OF
the business and affairs of the ccrpor.
alton, and shall have the power TO au-
thorize the seal of the corporation 10
be affixed to all papers which may 1e-
quire it.
The Board of Directors and the Ex-
ecutive Committee shall. except IS
otherwise provided by law, have pow
or to act in the following manner,
viz: a resolution in writing, signed
as affirmatively approved by all the
members of the Board Of Directors,
or by all the members of the Exccu-
tive or other Committee, and thereaf-
ter with original or duplicated sigma
lures Inserted in the recorded minutes
and properly dated, shall be deemed
to be action by such Board or such
Committee, 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 at a regularly convened meeting.
Subject to the foregoing provisions
the bylaws may prescribe the num-,
Der of directors to constitute a quor-
UNI at their meetings, and such num-
Der may be less than a majority 81
the whole board.
w.
The amount Of the total authorized
capital stock of this corporation is
Two Hundred Thousand Dollars
$500, 100000, which said stock is di-
videi into Two Hundred Thousand
(200,000) shares of the par value OF
Dollar ($1.00) each, and the said
stock shall be worcestershire.
V.
The names and post office addresses
of the incorporators, and the number
of shares of stock subscribed for by
each, are as follows:
Name. Post office Address. Shares
A. ID. Zelwick,
Albuquerque, N. NJ. 1000
Jno. A. White,
Albuquerque, N. NJ. $50
l.. T.. Carson,
Albuquerque, n. M. 25O
A. M. Ransom,
Albuquerque. n. NJ. lot
And the capital stock with which
the corporation shall commence bus
mess shall be the sum of Twenty-siX
Hundred Dollars (~S2,6OO.OO) as sub
scribed by the -incorporators above
named.
The board Of directors shall be not
less than three (3) and more than
nine 90. as the stockholders may by
the bylaws direct. and the names and
residences Of the directors who are
appointed for the first three CD
months are as follows:
A. ID. Zelwick, Albuquerque, New
l.. e. Carson, Albuquerque, New
Mexico.
A. NJ. Ransom. Albuquerque, New
Mexico.
The corporation shall keep at Its
registered office in this Territory one
COPY of the transfer books. which copy
be deemed as original, IN when
the transfer of stock snail be regis
tered, and the stock books, whlch
contain the m and addresses
of the stockholders. n the NUMBER
OF shares held by them respectively.
usual hours of business be open 10
the inspection of a stakeholder IN
person with respect to his interest as
sucb stakeholder, or for a purpose
to his status as such, upon
application I'm writing to the register
ed agent of the corporation IN charge
of such office and having the custody
Of such books; but the registered
agent nav refuse permission to any
I o examine the same tex
cept as to the entries affectlng. the
shares owned by such s~tockholderl'
Unless and until satisfied that such
examination and the Information to
he acquired thereby are for a legiti-
mate purpose, and not for q purpose
hostile TO the interests OF the incor-
or it's individual stockhold'
ers. and the determination of the reg
agent shall he final conclus-
ivo ana hinding upon all stockhold-
and al persons claiming under