Carrizozo outlook. [volume] (Carrizozo, N.M.) 1910-1945, 1916-06-02

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licenses in respect Of, or otherwise
turn 10 account any such TRADEMARKS u
patents, licenses processes and the Ike, n
Or any such property or rights, provided /,
always that the terms use and 'opet- .
nte" shall not he deemed 10 include any ,
except such rs is permitted by y,
the BUSINESS Corporations Law.
XIX
To make any guarantee respecting divi'
dends, storks, bonds. contracts or other
obligations 80 far M, and to such extent that
such power may be exercised by corpora
tions organized under snid Business COR
porations Law,
XN
The Company may use and apply the
surplus property, earnings or accumulated
profits. IN the absolute discretion Of the
directors, ~ the creation aud maintenance
Of n surplus fund and Ia the purchase
and acquisition Of its own capital stock.
and II may take said capital stock IN
payment or satisfaction NJ any debt due
TO the company from time 10 time. and
10 amy such extent mud manner and upon
such terms ~ the directors shalt deter
mine, and may REISSUE any stork 80 ac-
quirod.
The directors shall not make my divi'
dends except from the earnings arising
from the business ri the corporation
The directors may, In n year, set apart
from such earnings the amount thereof TO
he determined bv them m working capital
or M a reserve or surplus fund to meet
liabilities or contingencies. before derlnF-
ing any dividend on the capital stock.
XXI
The Board ~ Directors -hall from
time 10 time decide wctiher and to what
extent aud NJ what times and under
what conditions and requirements the
accounts and books ~ the corporation
or my of them, except the stool; book
shall open to tho inspection NJ the
stockholders, and no stakeholder shall
nave any right - inspect any books or
; documents Of the corporation except ~
, conferred by the statute IN New York, or
authorized by the Board Of Directors.
XIII
70 do MI and 10 everything necessary
suitable and propet for the accomplish
ment of any Of the purposes mr. the attain
. mcnt ~ any Of the objects or the further
y anrc nf amy uf the power h%ereinhc'"r ~
set forth, either alone nr assorinted VIII
! other corporntions, firms or individuals
u and to- do any other act nr arts, things ~
things. incidental or nppurtcnnnt 10, NJ
:, growing out of, or connected win ih'
aforesaid bu, iness ar powers nr any par
= or parts thereof. provided the same hc NJ
u Inconsistent with the law under Wlicl
: this Corporation IL ORGANIZED.
XXTV
Tho foregoing enumeration ~ srccthI
" movers shall not he deemed tn limit -
restrict in any manner the rcnrrNl power
= of the corporation and the ~culnyin'n
y and exercise thereof ~ conferred Nv w
~ laws ri the State Of New York. upon COZ
= porations 0rganiscd under the provision
" Of tho Business Corporations Law
XIV
Il In the intention that ench 81 'h
n objects, urposc and powers Specihed y
b. nil' the paragraphs OF the scrond suhdi
mr. vision of this certificate shall be regarde
NJ as independent objects, purposes an
nj powers, and he IN no manner or To mn
" extent limited or restristed 10y reference !
ar inference from the terms Ut any oth'
" clause Of this or any other paragraph col
or tanned in this certificate.
rh Ill
$50 The amount Of the capital stock
" 81 900. 900.
The number NJ shares f which the cap
ic, tai stock shall consist is 20O.nOOof the pi
cd vnlue of $500 per share and the amou
w NJ capital with which the COMPOSITIONS shall
gin business Is $500
n. principls sfHee IL "a be locni oil ~ 500 w
w Avenue In the thorough rf Mnnhaiten CT
q County and State ~ New York
'"s vi
NJ Is duration shall hs perpsiunl
VII
~ IN. number Of is directors is to be ihres
TO VIII
~ The name and tho postofice addresses Of :
seS dirrrtors for the first year ARE ~ iolln~si
ces Fredd spencer ASHER. II West 32nd st., y
M York CITY.
APP William II Horstall, Kings 81 Chapman
- y Y.
lanes u. collins, "a West oo'b ST, \
'P' York Cty.
rs.
The names. aud post Office addresses Of
.nbserihers 10 this certificate and o siuirnl
NJ the numhor II shares Of stock which 81
agrees 10 take In The corporate a. ARE rs folio
~. Fredd Spencer Ashley, - West j'ui
~. New York City, / share,
~ William II. iIor-fail, Kings 81. ChApraq
n share
James -. Collins. a. Goth 81, New y
city. 1 share
ION la witness whereof. we have made, sigt
me sealed. n~cknewlcipri and filed this cetiihr,i
ids dup ichte. Dated the fourteenth day ~ Eel
mn nry, 1910,
II Fredd Spencer A-hlsy a., 50
William II. llorsiAl ~. s.