Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1910-07-31
LEGAL NOTICES


itation of the powers conferred by
statute. the Board of Directors are
expressly authorized;
To hold their meetings. to v
or more offices, and to keep the
of the corporation within or, except
as otherwise provided by statute
without the Territory or New Mexico,
at such places a. may, from time to
time, be designated by them.
To determine. from time to time
whether, and, If allowed, under what
conditions and regulations h ac-
counts and books of the corporation
shall be open to the inspection OF inc
stockholders, and the stockholders
right in this respect are and shall be
restricted or limited accordingly, ana
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 and rescind
the bylaws Of the corporation, to Tx,
determine, from time to time II
vary the amount to be reserved as
working capital. to determine the
times for the declaration and pay
ment and the amoun of each divi-
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 n
| 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 a majority of the
| stock issued and outstanding, at q
stockholders meeting duly convened
to sell, assign, transfer or otherwise
dispose of the property, including the
franchise of the corporation ms an
| entirety, provided always that a ma
jority of the whole Board concur
therein.
To appoint additional officers of
the corporation, including II or
more vice-presidents, one or more as
| sistant ~treasurers, and one or more
| assistant secretaries; and, to the eN-
tent provided in the bylaws, the per-
sons so appointed shall have and may
exercise all the powers of the presi-
| dent, of the treasurer and of the Sec
rotary respectively, provided, how
| ever, hat all vice-presidents shall be
chosen from the directors.
BY a resolution passed by a major
ity 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 sald
| resolution, or in the bylaws, nave
and exercise any or all the powers OF
| the Board of Directors, which may
be lawfully delegated, in the man
| agemcnt OF the business and aftairs
| of the corporation, and shall have
power to authorize the seal of the
| corporation to be affixed to all pa
pers which may require it.
The Board of Directors and the Eek
| ~ecutive Committee shall, except as
| otherwise provided by law, nave
power to act in the following man
ner. viz: a resolution in writing
| signed as affirmatively approved by
all the members of the Board of Di-
~rectors or by all the members of the
Executive or other Committee, ano
thereafter with original or with du'
plicated signatures inserted in the re-
corded minutes and properly dated
shall be deemed to be action by sucf
Board or such Committee, as the
case may be, to the extent therein
expressed, with the same force ant
effect as If the same had been dur
passed by the same vote at a regu'
larly convened meeting.
Subject to the foregoing provisions
the Bylaws may prescribe the mum
Der of directors TO constitute {
quorum at their meeting, and sucl
number may be less than a majority
of the whole number.
The corporation reserves the RICH
to amend, alter, change or repeal any
provision contained in this certificate
in the now or hereaftfr pre-
scribed by statute for the amendmen
of the certificate of incorporation.
IN WITNESS WHEREOF. we have
h~ereunto set our hands and seals THU
26th day of July, 1910.
MAGNUS BROWN, a.. 50
M. +. STAMM, IL 81
E. OSUNA. O.. 50