Western liberal. (Lordsburg, N.M.) 1887-1919, 1911-02-17

To make contracts; TO purchase, leisc. bond,
locate or otherwise acquire, own exchange,
Soil or otherwise dispose OF, pledge. MORTGAGE.
hypotbecate and deal In any aud an Kinds OF
real and personal property. Including bonds
aud shares Of the capital stock OF its own and
other corporations. whether organized IN the
United stntes Of America. or elsewhere, mines,
mining claims. oil lands, coal lands. mineral
lands, oil. gas. coal shalc. nsphgitdm. petro-
leum. asbestos, salt, water aud water rights
and machinery and 20 work. mine. explore.
operate and develop the same: TO borrow
money and execute notes. bonds. mortgages.
or deeds OF trust 20 secure the same and toex-
erciso ia respect thereof and of an shares OF
capital stock and other securities and obliga-
lions any ana all rights. powers and privii-
ogua Of individual owners. aud In general to
40 all things necessary to the proper conduct
Of the bus ness of this corporation,
Third; Tn authorized amount Of capital
stock Of this corporation shall be three hum
dred thousand dollars csl00.OOO divided into
TIRES hundred thousand shares OF IN. par
M one dollar 0L.OJ) each. At such time a.
tho Board Of Directors may by resolution
direct said capitol stock shall befaid into this
Corporation. either in cash or by the sale and
transfer to Il Of real or personal property for
the uses and purposes OF said Corporation. in
payment for which shares Of the capital stock
OF said Corporation may be Issued. and the
capital stock so issued shall theroIpon and
thereby become and be fully paid up end nom
asscesahle. aud the judgments of the Direct
ors as TO the value Of the property purchased
shall be conclusive.
Fourth. The time Of the commencement Of
this Corporation shall be the date Of the fling
Of a certified copy OF these Articles Of Incor-
pIratlon In the OGloo Of the Territorial Audit
or, and the termination thereof shall be
twenty-five years thereafter. with privilege
Of renewal for like periods as provided by law.
fifth: Tue affairs OF his Corporation shall
be conducted by a Board OF not less than three
nor more than FIVE Directors who shall be
stockholders aud tho following named shall
constitute the Board of Directors until their
successors are elected: Frank W. Berkshire,
ROuert L. Daniel, joint Henderson, Charles
B. Stevens, John +. Bowling. Thereafter the
Board Of Directors shall be elected from
among the stockholders on the second Mon
day in February OF each year. The officers
OF said Corporation until their successors are
elected shall be; Charles b Stevens, Presi-
dent; Arthur NJ. Pillbury. secresary; Arthur
NJ. Pillsbu-y, Treasurer.
Sixth: The highest amount OF Indebtedness
or liability. direct or contingent, TO which this
Corporation shall at any time subject Itself is
one hundred thousand dollars SlOO, 600 which
amount does not exceed two-thirds the
amount Of the capital stock.
seventh The private property of the stock
holders of this Corporation shall be exempt
from all corporate debts Of every kind what
sOeyer,
In witness Whereof, We have hereunto set
our hands and seals this second day OF Aug
ust 1910. ROBERT l.. DANIEL. lSeall
ARTHUR NJ. PiLLsBURY, lSeall
JoHE f. DQwLING [Seall