Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1912-04-03

time, he designated by them.
To determine. from time to time,
whether, and, II allowed, under what
conditions and regulations the ac-
counts and books OF the cor
poration shall be open 70 the
inspection of the stockholders.
and the stockholders rights IN
this respect are and shall be re"
stricted or limited accordingly, and
no stockholder shall have any right to
Inspect any account or book or docu-
ment OF the corporation, except as
conferred by statute or authorized ny
the Board OF Directors or by resolu-
ton OF the stockholders.
To make, alter. amend and rescind
the bylaws Of the corporation, 10 fix,
determine, from time TO time and
vary the amount 20 be reserved as
working capital. 20 determine tho
times for the declaration and payment
and the amount OF each diyidead on
the stock, TO determine and direct tho
use and disposition OF any surplus or
net profits. and 10 authorize and
cause to be executed mortgages and
liens upon the real and personal
property OF the corporation. provided
/ always AAHA a NAtitAAAN - N11 "~%"N
board concur therein.
Pursuant to the affirmative vote Of
the holders OF a majority OF the stock
issued and outstanding. at a stock
holders meeting duly convened, to
sell, assign. transfer or otherwise dis
pose OF the property. including tho
franchises OF the corporation as an
entirety. provided always that ma
jorlty OF the whole board concur
therein.
To appoint additional officers OF
the corporation, including one OF
more vice presidents. orc or more
assistant treaaurers. and ono or more
assistant secretsriesi and, 10 the ex-
tent provided IN the bylaws, the per-
sons so appointed shall have and may
exercise all the powers OF the presi-
don't, OF the treasurer and OF the sec
rotary. respectively, provided, how
ever that ali 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, "a
designate two or more OF their num-
Der Do constitute an executive com
mittee. which committee shall, for the
limo being, as provided IN said resolu'
Il ton, or IN the bylaws. have and ex'
ercise any or all the powers OF the
Board OF Directors. which may b
lawfully delegated. ia the manage.
mont OF the business and affairs 81
the corporation, and shall have power
20 authorize the seal Ct the corpora.
ton 20 be affixed TO all papers which
may require It.
The Board OF Directors and tbs
Executive Committee shall. except Al
otherwise provided by law, have pow
en- 60 act Ia tho following manner
viz, resolution in writing signed al
affirmatively approved by ali tn
members OF the board Of directors oil
BY all the members OF the executive
or other committee, and thereafter
with original or with duplicated sig
natures inserted IN the recorded min
utes and properly dated. shall b
deemed 60 be action By such board
or such committee, as the case MAJ
be. 70 the extent therein expressed
with the same force and effect as 4
the same had been duly passed by th'
Same vote az regularly convened
meeting.
Subject 10 the foregoing pr0visionl
the by-iaws may prescribe the mum
! Der OF directors 90 constitute quor'
um al their meeting, and such mum
Der may be less than a majority o.
the whole number.
The corporation reserves the righ
20 amend. alter, change or repeal an,
provisiona contained Ia this oertificat'
in the manner now or hereafter pre-
scrlhod by statute for the amendmen
OF the certificate OF Incorporation
In witness whereof We have here
unto set our hands and seals this ssr'
day OF February, 1919.
n. d. Yoakum tseaD
~ !. =. ELDRID0E. CseaD