Albuquerque morning journal., 1910-06-23

claiming under such stockholders
In fuitherance and nos in hmita-
tion of the powers conferred by stat
ute, the Board OF Directors are eX-
presslv authorized.
To hold their meetings. To have ono
or more offices. and to keep the
books Of the corporation within or,
except as otherwise provided by the
statute, without the Territory OF New
Mexico. at such places as may. from
time to time. be designated by them;
To determine. from time To time.
whether and if allowed under what
conditions md regulations the ac-
counts and books Of the corporation
shan be open to the inspection Of
the stockholders, and the stockhuld-
ers tights in this respect are, and
shall be restricted or limited accord
ingly and no stockholder shall have
any right to inspect any account or
book or document Of the corporation
except as conferred bv statute or au-
thorlzed by the board Of directors or
by resolution of the stockholders.
70 make alter. amend and rescind
the bylaws of the corporation, 10
fix. determine. from time to time and
vary the amount to be reserved as
working capital. 20 determine tho
times for the declaration ana pay
ment end the amount Of each divi-
dend on the stock, 10 determine and
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 y majority Of
the whole board concur therein;
Pursuant To the affirmative vote of
the holders of q majority of the stock
issued and outstanding, at a stock
holders meeting duly convened. toI
sell assign, transfer or otherwise dis
pose or the property, including the
franchises Of the corporation as an
jority of the whole Board concur
therein:
To appoint additional officers 81
the corporation. including one or
more vice. presidents, one or more as
eistant treasu1ers. and one or more
assistant secretaries. and. to the eX-
tent provided IN the bv-laws. the per
sons 90 appointed shall have and may
exercise all the powers Of the presi-
dent. of the treasurer and OF the sec
retary respectively. provided. how
ever, that all yice-presidents shall be
chosen from the directors.
BA n IeSFlNilnQ lHSStt bh y MA ltI- I
ity vote of the whole Board. under !
suite Bile provisions of the bylaws to /
designate two or more of their num- /
ber TO constitute IN Executive Com /
mittce. which committee shall, for |
the time being, as provided in said /
resolution. or in the bv-laws, have /
md exercise any or ~ the mowers
# the Roatd of Directors. which may
be lawfull, delegated in the manage
ment OF the business and affars OF
the corporation, ana shall have power
to authorize the seal al the corpora
ion 70 be affixed 10 all papers which /
may REQUIRE it.
The Board Of Directors and the EN-
acutive Committee shall except as
otherwise provided by law, have
power to set IN the following man
ncr. viz: a resolution in writing
aigned as affirmatively approved by all
members Of the Board Of Directors
9r nv alt ~oemhers al The Executive
or other Committe. and thereafter
with original or with duplicate sig
l9ture inserted IN the recorded min
ites and properly dated, shall he
leemed To he action by such Board
n such Committee. rs the ease may
)e to the extent therein EXPRESSED
With the same force and effect as If
he same had been duly nassed by the
iame vote at a regularly convened =