The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1915-08-05

tNt lAMI ANfAfNAt Il
IL - the intontiun that the objects
and powers specified, and clauses
contained In this second article, shall,
except whore otherwise expressed N
said article. be nowLse limited or re-
slricted by reference 20 or Inference
fIom the terms uf any other clauses
81 this or any other article 81 para
eraph In this charter. but that the
oiJocts specified In each o the clauses
~ this article shall be regarded az
independent objects.
ARTICLE III
The capital stock OF this corpora
ton shall be FIFTY Thousand ESQ.,
OO0D dollars. divided into Five
Thousand (s.OO0l shares Of the par
value OF Ten tsiOl dollars each,
which shall be paid for az such times
aud In such manner rs the board OF
directors may designate. All or any
portion OF the capital stock may be
issued In payment for real or perSon-
al properly. services or any other
right or thing Of yalue necessary Tor
or Incidental 20 the advancement OF
the Interests and purposes of the cor
poration. and whcn So issued shall be-
, come and be full-pald, the same az
though paid for In cash az par. and
the directors shall be the sole judges
Of the value OF any property. right
Or thing acquired In exchange for
capital stock. No shares OF stock
shall be issued until fully paid for in
the manner and az the price pre-
scribed by the board " directors.
This corporation shah commence
7 - -Han III 80. a.HHFMN al
Two Thousand 02.oo0) Dollars.
ARTICLE ~.
The names and addresses of the Ia
c~orporators Of this company and the
number of shares Of the capital stock
subsg ribed for by each, are as fol-
lows;
4. p. Gibson. Albuquerque. New
Mexico o1e hundred shaGos; l.. r..
Carson. Albuquerque. New Mexico,
NINETY shares, and Joseph McNutt,
Albuquerque. New Mexico, ten shares,
making a total of two hundred shares
Of the value of Two Thousand
/ k2.0G0) dollars.
ARTICLE 4.
The % this corpor-
alton shall De tho day these articles
NNt NNA'N ~ W. NANN NAM AFH
H shall endure for the fui terms OF
twenty-five gears thereafter. with the
privilege of perpetual succession as
Is provided by law.
ARTICLE VI.
Tho affairs Of this corporation shall
he conducted BY a BOARD ot directors
and SUCH other officers as the said
board 90 directors may elect or ap-
point. The number of directors shgll
be- designated by the bylaws aud
shall Dee elected from among the
~stockhoiders al their annual meeting
To Doe held on the first Monday 10
December % each year.
Until the nfst annual meeting OF
the stockholders and until their sue
c%essors have been elected and quail
fed. the following named persons
shall Do the directors.
A. T. Gibson, L. T.. Carson and
Joseph MCNutt.
ARTICLE VII.
The highest mount OF indebted
mess or liability 20 which this corpor-
alton may az any one time subject
itself is Twenty Thousand C2e,000)
Dollars provided. however. n the cap
ital stock shall ia the future az any
time be- Increased according TO law.
an additional indebtedness or linbil-
ity may be Incurred; but not 20 cx-
coed forty per cent OF the capital
stock after such Increase.
ARTICLE VIII.
Tho directors shall have power TO
adopt. amend and rcscild bylaws.
10 nm vacancies occurring la the
n.H F HH..swM &C.,. .. ......
and to appoint from their own num-
her an executive committee and vest
said committee with an the powers
granted the directors oy these arr
ucles.
The directors shah also hay the
power 60 set aside any portion of the
J capital stock OF this company and
} designate the same rs treasury stock,
ana "a I-cll the same. or any portion
thereof, and 20 apply the proceeds
thercfrom 20 the general benefits OF
the company Do the same as
other funds are applied. However,
such stock go set aside shall have no
preference over any other stock Of
this company, but shall be on a par
iherewith "a an respects.
In witness whereof. We hereto 0iiiy
our signatures and seals this tho 27th
day of July. a. u. 1915.
a. J.. GIBSON. tScaij
j.. u. CARSON. (ScaJ
JOSEPH McNuTT tscal)
The STATE Of New Mexico,
County Of Bernnlillo-ss.
Before me. the undersigned author
ity, on thtS day personally appeared
a. r. Gibson L. r.. Carson md Joseph
McNutt. an of whom are well known
90 me, and an of whom aoknowl-
edged 10 me that they executed the
above nnd f@oroFoi1a instrument OF
their own freo wili and accord, and
for the purpose and considerations
thcrcln expressed.
Witness my hand and seal OF once.
this the 2lth day of july. a. -. 1915.
u. A. PORTERFIELD. (scaD
Notary Public I'M and for Bcrnalillo
County. State of New Mexico.
Ny commission expires the 27th
day of July, 1915.
~. a. Stamp 1909
ENDORSED.
No. S223.
cor Decd Vol. s. Page 9ie. Ger