Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1913-06-19

auancffhn tof Or otlrtNiNn acquire
pf dispose Dl any stock. Shares. bonds
dthoninrra. eocnfiilea ~ other Obli.
Stations or certificates II indebtedness
10 my person. nrm or corporation,
pnhilc or private. 10 lasue bonds,
notes ana other evidences ~ lndehi-
eonesa and 40 secure the payment %
The Same hy mortgaEe. deed ol trust.
o. otherwise. 50 ace ~ nnenf. trustee.
broker. o. In any other nduclaty ca
pacliy. and 20 borrow and loan
money. 90 enea8e IN nll Kinds ~
business and other Industrial pufAllts
that natural person mlnht az could
a. the United States or any pafl ~
the world 90 engage IN any euhaid-
larry business In connection with am
% the above pursuits; and IN generai
10 d. and perform s4ch acts and
thlnaa and transact such business,
not inconsistent With law. Ia any pan
~ fha world. as the Roard 81 Dirpra
tors may deem 10 the adNaniaae ~
the corporation. A. subsidiary. and
IN connection with the foreEuinR.
from time % time she corporation
may reinunerate ans pcreon os cor.
p0fation for services rendered ar Co
be- rendered In placing or assisting 90
place or underwriting any 81 tie
shares Of siock ~ the corporation,
bonds or other securities of the cor
p0ratinn. or In or about the formation
OF promotion 90 the corporation or
IN the conduct ~ Sc business The
bylaws may prescribe the number Of
directors 80 constitute quorum AZ
their meeting and snch number may
be less than q majority ~ the whole
number.
The foregoine clauses ahali be con-
sirued both as objects and powers.
but NO recitation. expression or
declaration Of specific or special
powers or purposes herein enumerat-
e,l shall be- deemed 10 be exclusive:
but u Ii hereby expressly declared
that all other lawful powers not In
consistent Herewith are hereby in
Guided
ARTICLE w The amount Of the
authorized capital stock Of the cor
poration II Five Hundred Thousand
Dollars. divided into twenty thousand
shares Of the par value 81 Twenty
Ave Dollars each. which shan be- paid
in al the date Of issuance. or az such
time a. the BOARD of Directors may
designate. Ia cash. real or personal
propert.s services lease. option 10
purchase. or ans other valuable right
or thing. for the uses and purposes
OF the corporation. aud all shares %
capital stock when Issued in exchange
therefor. shall thsreupon and there
by become and be fnii-paid the same
as though paid for In cash az par.
Oh IN.
by this corporation for any purpose.
and the Judgment 81 the BOARD Of
Directors or the Executive Committee
as % the value OF any property. righ
or thing acquired in exchange for
capital stock shall be conclusive
ARTICLE v. The Time of the
commencement OF the corporation
shall he the day these Articles are
filed in accordance with law, and the
termination thereof shah be twenty
Ave years thereafter. with privileges
OF renewal and right OF perpetual
succession. as now provided by law.
ARTICLE ". The management Of
the business and affairs OF this cor
poration shall be conducted by "A
Board ~ NOT less than three nor more
than fifteen Directors by whom a
President and one or more Vice Pres.
idents shall be elected. and Secre-
tary and Treasurer appointed, and
sgch officers may have and may exer.
else all the powers granted them by
the bylaws The Directors shall be
elected by and from among the stock
holders on the hrst "Wednesday in
May 80 each year. Until their sue
cessors are elected and qualified the
following named persons shalt he the
Directors and officers. FRANK Me-
KEE. President and Director. JOHN
LEE CLARKE. Vice President and
Director: JOHN ]. DUFFY. secretary
ana Director: "a. :. PICKARD.
Treasurer and Director: g. o. CtisH-
MAN. Director. WILLIAM n. WAL
TON. Director: =, W. COLBERT. Di-
rector.
ARTICLE VII In furtherance ana
not In Limitation Of the powers con
ferred by statute. the Directors are
expressly authorized 10 adopt Ry-
laws for the government OF the cor
poratlon and 10 amend the same: 20
an vacancies occurring In the Board
from any cause. and 10 appoint from
among their number an Executive
Committee of not less than three Nor
more than ave. which 20 the extent
provided by resolution or by the said
bylaws shall have and exercise any
or al the powers granted the hi
reotors by these Articles.
ARTICLE VIII. The highest
amount of Indebtedness 20 which this
corporation shall AZ any time subject
itself shall not exceed Five hundred
Thousand Dollars.
ARTICLE tx. The private prop
erty of the stockholders of this cor-
poratlon shall be and h. hereby made
forever exempt from all liability for
its debts or obligations and from cor
porate debts ~ ans kind whatsoever
ARTICLE \. The capital stock Of
this corporation shall be- ana Is here
by, made forever non-aRgossable by
thh corporation for any purpose
whatsoever.
In witness whereof, we have here
unto set our hands ana seals this End
day Of May A. -. 1912.
FRANK MCKEE CSeal)
JOHN LEE CLARKE (seail
JOHN !. DUFFY (seall
a. - nInIF Ann