Carrizozo outlook. [volume] (Carrizozo, N.M.) 1910-1945, 1916-06-09

the judgement Of the Directors as 10 the
value Of the property purchased shall he
conclusive.
Inc time OF the commencement OF this
corporation fhall be the date Of the issu-
nnre OF q Certificate 81 Incorporation nc
cofding 10 law, and the termination there.
~ shall be twenty-five (25j years there
alter. with the privilege Of renewal rs
provided by law.
The affairs Of this corporation shall be
conducted by n Board " Directors con
sisiing of not less than three. nor more
than i've members, each Of whom shall be
q ~stockhol,ier " rccofd in the corporation
SAID Board OF Directors shall hold office
Tor one year or until their successors are
duly elected and qualified, and any vac.
incy in said Board of Directors shall be
illrd by the remaining directors from
among the stockholders Of record In the
COZ pofntion SAID Board Of Directors
shall have the power to establish By-Laws
and make al rules and regulations nee
essnry Tor the management Of the affairs
nf thu corporation not inconsistent with
the laws Of the United States and the
state of Arizona, provided that the fol-
lowing named persons shall constitute the
hoard Of Directors until the first annual
meeting Of the stock holders, or until
their Successors arc duly elected and quail
bed, to.wit; James 7. COlp. Adele Pow
oil aud Lewis NJ. Powell Said annual
meeting shall be held ON the third
Thursday Of August Of each year, nj
which said annual meeting " the stock
holdcrs, said Busrd Of Directors shall he
elected.
The off, ers " the corporation shall
consist of the President. Vice President
aud secretary and Treasurer together
with such other others as the Board Of
directors or 'ic iy Laws may provide
Tor. or may be- ,lecincd necessary by reso-
u.ion ct the srid BonId Of Directors for
The transaction Of the business Of the
corporation
VIII
The highest Ampimt Of indebtedness 10
which this corporation shall at amy time
hc subject, shall be- Five Thousand Dollars
$4,000. tU
The private property Of the s~tockhold.
cfs of this corporation shall he forever
exempt from corporation debts VI any
WV hiNNNaffNtls
X
These Articles NJ incorporation may be
amended modified or changed by n ma.
iority vote oi the outstanding stock Of
The corporation ut any meeting Of the
Stockholders legally called for that pur-
pose,
In witness whereof, we have hercunto
set our hands and seals this 9th day Of
February, 4. D. 1915
ADELE POWELL (ScaD
JAMES 7 lOLP tSenD
LEWIS NJ POWELL (Seal)
State VI California,
County Il. Los Angeles ( ~
On this oath day Of February, A D..
1910: before me, q Il. Glover. n Notary
Public in aud for the State and County
aforesaid, residing therein, duly commits
stoned and sworn, personally appeared
Adele Powell and Lewis NJ. Powell known
to me to % the persoEs described In,
whose names are attached 10. aud who
executed the annexed instrument, aud
they acknowledged to me that they exc
cutcd tho anne as their flee act and deed
for the purposes and considerations there.
In expressed.
In Witness whereof. | have h%ercunto
set my hand aud affixed my Official seal
at my office, in the said State and County
the day and year Inst above written
(ScaO q IL. GLOVER
Notary Pubic in and for the, County Of
Los Angeles State Of California.