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

~ ~ itNtiNHn AWNW AWWWsHW
e. w. Dobson 500 10000
$4,000 90
The postoffice address of each OF
the incorporators IN as follows; u. u.
Yoakum. Portaies. New Mexico; J. 5.
Eldridge, Laguna. New Mexico; ". w.
Dohson, Albuquerque, New Mexico.
Limitation on StOcsh0iieTs' Power ca
Examine stock ana Transfer
Books.
VI. The corporation shall Keep az
IT, 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
names and 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 he open 20 the inspection ~
a stakeholder In person with respect
90 his interest as such stockholder
or for n purpose germane 10 his status
az such. upon application in writing 70
the registered agent Of the corpora
ton IN charge OF such office and hav-
ing tho custody OF said books; but
the registered agent may refuse per-
mission TO any stOckhoider TO examine
the same Except as TO the entries
affecting tho shares owned by such
stockholderl, unless and until satia-
fed that such examination and the
formation 60 be acquired thereby are
for legitimate purpose and not for
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 uis-
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 authorised.
To hold their meetings. 20 have one
| or more offices. and to keep the books
OF the corporation within or, except
as otherwise provided by statu,e.
without the state Of New Mexico. at
such places as may, from time 10
time. he deqigneted by them. .,...,..
To determine. from time 20 time
whether. and. II allowed. under what
conditions and regulations the ac-
counts and books OF the cor
pOratlon shall be open To tho
inspection OF the stockholders,
and the stockholders' rights In
this respect are and shall be re-
stricted or limited accordingly. and
no stakeholder shall have any right 10
inspect any account or book or docu-
ment OF the corporation, except as
conferred BY statute OF authorized by
the Board OF Directors OF by a rosolu-
ton OF the stockholders.
To make. alter. amend and rescind
| the bylaws of the corporation. TO fix,
determine. from time 10 time and
vary the amount 10 be reserved as
working capital. 20 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 20 be executed mortgages and
/ liens upon the real and personal
property OF the corporation. provided
always that a minority OF the whole
board concur therein.
Pursuant 10 the affirmative vote Of
the holders OF a majority OF the stock
issued and outstanding. az a stock
holders meeting duly convened. 70
sell. assign, transfer or otherwise dis
pose OF the property, including the
franchises Of the corporation as an
entirety. provided always that a ma
iorlty OF the whole board concur
thorein.
To appoint additional officers OF
the corporation. including one or
1 r.NnufAamfu
assistant treasurers. and ono or more
assistant secretaries; and, 70 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 that 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. 10
designate two or more OF their NUM-
Der % constitute an executive COM
mittee, which committee shall, for the
time being, as provided In said reaolu-
ton, or Ia the bylaws. have and OK
ercIse any or all the powers Of the
Board OF Directors. which may BE-
l AMMAMM4 MNANh1hNAf - wv ANNfe"A~
ment OF the business and affairs OF
the corporation. and shall have power
60 authorize the seal 81 the corpora
ton 20 be affixed 20 all papers which
may require H.
The Board Of Directors ana the
Executive Committee shall. except "a
otherwise provided by law. have pow
or 20 act In the following manner
viz, resolution IL writing aigned "a
affirmatlvely approved By all the
members Of the board Of directors OF
by all the members Of the executive
or other committee, and thereafter
= with original or with duplicated sig'
, natures inserted IN the recorded min
p utos and properly dated. shall be
= deemed 90 be action by such board
p or such committee, as the case mas
. DO, to the extent therein expressed
q with the same force and effect AZ II
= the same had been duly passed BY ths
same vote az n regularly convened
meeting.
Subject 10 the foregoing provision
4 the by-laws may prescribe the mum
j 4 d. "a