Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1910-07-25
LEGAL NOTICES
Limitation on Stockholders Power in
Examine stocks and Transfer
DA,IG

| fers of stocks shall be registered, ana
| the stock books. which sha contali
the names and addresses of the stock
| holders and the number OF shafes
| held by them respectively, when at
all times during the usual hours for
| business be open to the inspection OF
n stockholder in person with respect
| 10 his interest as ueh stakeholder or
! for a purpose germane to his status
! as such, upon application IN writ'ns
| TO the registered agent of the corpor-
\ alton in charge Of such office and
| having the custody Of said books; but
| the registered agent may refuse per-
| mission to any stakeholder to examine
the same texcept as to the entries az
| fecting the shares owned by surn
| stockholder), unless and until sttls-
fled that such examination and the
! information to be acquired thereby
are for a legitimate purpose and not
| for a purpose hostile to the Interests
Of the corporation or its individual
stockholders. and the determination OF
| the registered agent shall be final,
' conclusive and binding upon all stock
1 holders and all persons claiming un>
der such stockholders.
Regulations Respecting Directors.
VII. In furtherance and not in Inn
! itation 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 statute, with
out 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, II allowed uhuer what
conditions and regulations 'he ao-
cosnts and books Of the corPora.iul
shall be open to the Inspection OF we
stockholders, ana the slochilolueIs
rights IN thls respect are anu Siiail vs.
restricted or limited accordlhslN' anu
no stakeholder shall nave any rlBil' -
inspect any aceount or book OF oocu'
ment of the corporation, except az
conferred by statute or authorized by
the Board of Directors or by a reso-
luton Of the stockholders.
To make, alter, amend and rescind
Tho bv-laws of the corporation, to fix,
determine. from time to time ana
vary the amount to be reserved as
working capital. to determine the
times for the declaration and pay
ment and the mount 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
RACES ana liens upon the real and
personal property Of the corporation,
provided always hat a majority of the
whole BOARD concur therein.
pursuant To the affirmative vote of
tho holders of a majority of the stock
issued and outstanding. ut a stock
FOLDERS meeting dulv convened. to
coli ASSIGN transfer or otherwise dis
nose of the property. including the
franchises Of the eorporation as an
antirety nroyided always that a ma.
foritv or The whole Board concur
herein
RI annoinf additional officers of the
cornoration Including one or more
| observation-disclosures one or more assist
ant freasurers. and one or more as
eistant eacrata ries: ana to the extent
nrovided In the bv-laws. the nerson
co annointed shall have and may ex-
ercise An the powers Of the president,
NJ the treasurer ana of the secretary
resnectivelv. provided. however. that
ali yice-presidents SHAH be chosen
from the directors.
By a resolution passed by a major
itv vote of the whole Board. under
s,,ita HE nrovjsion of the Bv-Laws to
| TWO or more OF lntlr nuns
Der to constitute an Executive Com
mittee. which committee shall. for the
time being. as provided in said resolu-
ton. or in the By-laws. have and ex-
ercise any or ali the powers of the
BOARD Of Directors. which may be
lawfully delegated. in the manage
ment of the business and affairs of the
| corporation. and shall have power to
authorize the seal of the CORPORATION
10 be affixed to all papers which may
require il.
The Board of Directors and the Ex-
~ecutiva shall. except as
otherwise provided bv law. have pow
or to act in the following manner.
Viz. \ resolution in writing signed
as affirmativelv anproved bv all he
emb Of the BOARD of Directors or
~ ali tha members Of the Executive
or other Coromittee and Thereafter
win original or with duplicated sigma
tnres insertea in the recorded minutes
ana n~ronerlv dated shall he deemed
10 no action nv sncb BOARD or such
committee 40 tha case may be. to the
I extent therein EXPRESSED with the
same force and erect as if The same
had haan an, nassad nv the same
vnta n i ree,iarlv convened meeting.
Subiect 10 tba foragoinp nrovisions
tho RyeT avs NAV nrescrihe the num-
~ 80 aonstitmIe noruro a. their
~aonu 80 - nhar 80 ho tose
man a ma oritv nf tba whole number
'he vi Poid'i'i AtStiNVS 'H' i'S"N