Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1912-04-01


-. s. Eldridge 1000 100000
y. w. Dobson 500 10000
S2BOO 90
The postofiice address Of each Of
the incorporators IL as follows; r. D.
Yoakum, Portales, New Mexico: ]. s.
Eldridgc. Laguna. New Mexico; +. W.
Dobson. Albuquerque. New Mexico.
Limitation ON stockholders Power 60
Examine stock aud Transfer
Books.
vi. The corporbtion shall keep at
its registered office In this state the
transfer books, In which the transfers
OF stock shall be registered. and the
stock books. which shall contain the
namesand addresses Of the stockhOld-
ers and the number OF shares held
BY them respectively. which shall at
all times during the usual hours for
business be open % the inspection o.
a srockhbider In person with respect
20 mis-, lAierest as such stockholder
pr for. d pagpose garmane TO his status
Ab suoh. Upon application Ia writing %
the resisiefhd agent OF the corpora
tidia 10 chaFna OF shch office and hav-
iog the ctAl9dy az said books: but
The reEistored ageht may refuse per-
fniaslQn 10 any stoakholdeF to examine
the Fainc lekcept as TO the entries
aflecfihg tie hhares owned by such
stockholder), unless and until satls-
fled that such examination and the
formation 10 be acquired thereby are
for a legitimate purpose and not for
n purpose hostile 10 the interests Of
the corporation Or It's individual
stockholders. and the determination
OF the registered agent shall be final.
conclusive and binding upon all stock
holders and all persons claiming I'M
der such stockholders.
Regulations Respecting Directors.
VII In furtherance and not in
Limitation Of the powers conferred by
statute, the Board of Directors are
expressly authorized.
TO hold their meetings, TO have one
or more offices. and 20 keep the books
Of the corporation within or. except
as otherwise provided by statute.
without the state OF New Mexico. at
such places as may, from time TO
tiine, be designated by them.
TO determine. from time to time
wllether. and. II allowed. under what
conditions and regulations the ac-
counts and books OF the cor
poratlon shall be open TO the
Inspection Of tho stockholders,
aud the Stockholders rights "a
this respect are and shall be re-
utrlcied or limited accordingly, and
no stockholder shall have any right To
inspect any account or book or docu-
ment Of the corporation, except as
donterred by statute or authorized by
the Board OF Directors or by a reselu-
ton Of the stockholders.
To make. alter, amend and resclnd
the by-laws OF the corporation. TO Fix
determine. from time 70 time and
vary the amount 20 be reserved as
working capital, TO determine the
times FOR the declaration and payment
and the amount OF each dividend on
the stock. TO determine and direct the
use and disposition OF any surplus or
net profits. and 20 authorize and
cause to be 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 meiofity OF tho stock
issued ana outstanding, az stock
holders' meeting duly convened, 20
soil, assign, transfer or otherwise dis
pose OF the property. including the
franchises Of the corporation as an
entirety, provid(d always that a ma
jority of the Whole board concur
therein.
TO appoint additional Officers OF
the corporation, Including one or
more wee presidents. ore or more
assistant treasurerg. and ono or more
assistant secretaries; and, 70 the ex
tent provided Ia the bylaws. the per-
sons 40 appointed shall have and may
exercise all the powers OF the presl-
dent, OF the treasurer and OF the sec
Rotary, respectively, provided, how
ever that all vice presidents shall be-
chosen from the directors
ny resolution passed by a major.
ny vote OF the whole heard. under
suitable provision OF the bylaws. 60
designate two or more OF their NUM-
her 30 constitute an executive COM
mittee. which committee shall, for the
time being. AZ provided Ia said resolu-
tion, or Ia the by-laws, have and Ca
erciao any or an the powers OF ne
Roard OF Directors. which may ~
lawfully deiegNied. IN the manage