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

VI MY Hiitn NIbItFAN UT IlEHiNt HFuNNtifh
always that the terms "use" aud "oper-
ate shall not be deemed TO include any
business except such ~ Is permitted by
the Business Corporations Law.
XIX
To make any guarantee respecting dlvi
dends, stocks, bonds. contracts or other
obligations 80 Tar on, and 20 such extent that
such power may be exercised by corpora
tons organized under said Business cor
porations Law,
The Company may use and apply the
surplus property, earnings or accumulated
profits, IN the absolute discretion of the
directors, TO the creation and maintenance
of a surplus fund and 10 the purchase
and acquisition Of It's " capital stock.
and u may take said capital stock in
payment or satisfaction Of any debt due
To the company from time to time.' and
To any such extent and manner and upon
such terms rs the directors shall deter
mine, and may REISSUE any stock So ac-
quired.
The directors shall not make any divi-
dends except from the earnings arising
from the business Of the corporation
The directors may in any year, set apart
from such earnings the amount thereof 10
be determined by them M working cnpital
or M q reserve or surplus fund to meet
liabilities OF contingencies. before deciar-
ing any dividend on the capital stock.
XXI
Tho Board Of Directors shall from
time TO time decide wctther and to what
extent and nj what times and under
what conditions aud requirements the
accounts and books Of the corporation.
or any Of them, except the stoch book
shall open TO the inspection N the
Stockholders, and no stakeholder shall
have any right 70 inspect any books or
documents OF the corporation except NJ
conferred 10y the statute IN New York, or
authorized by the Board Of Directors.
XX1II
To do nh and 10 everything necessary i,
suitable aud proper for the accomplish
ment NJ any Of the purposes NJ the attain
ment ~ any Of the objects or the further.
ance Of any of the powers hercinbcfoie
set forth, either alone or associated with
other corporations, firms or individuals,
and to do any other act ur acts, things or
things. incidental or nppurtennnt to, nr
growing out Of, or connected with the
aforesaid business or powers, or amy part
or parts thereof, provided the sam" he not
l lnGOIlNlhNflN WIN wv NhN III WV "
this Corporation is organized
XIV
The foregoing enumeration ~ s%reciiir
powers shnll not be deemed Ia limit or
: restrict in any manner the general Iiowers
of the corporation and The enjoyment
, and exercise thereof M conferred Nv the
: lnws nf the State ~ New York. upon cor.
porntinns organized under the prnvisi"n'
of tho business Corporations Law
XIV
Il Is the intention thnt ench 81 The
: objects. purposes and powers specified IN
10 Mi the paragraphs of the aerond sihdi-
: vision of this certificate shall be r"ga'de0
! ~ independent objects, purpose" ah'
! powers and he In M manner or ~ an'
extent limited or esiriated 10y reference u
g or Inference from the terms ~ any other
clause NJ this or any other paragraph con.
7 tanned in this certificate.
III
9 The amount Of the capital stock Il
. 81 100 QUO.
The number Of shares Of which the cnpi
}, tai stock shalt consist Is 200, n0Oo f the IN
q value of $500 per share and the amnurI
{ n capital with which the corporations shall no
gin business 10 $500
, Its principle sffce il to he located ~ 500 FIN
Avsnus In the Borough sf Mani Aii.n C',
County and State II New York.
VI
It's duration shall bs psrps,uAt,
VII
+ The number Of lts directors is I, he three
o VIII
" Tn. name and the postofics addresses ~ thl
- director. for the first year ARE ~ toll"~'i
= rredd spencer ASHER, " Ne,i 32nd 81, Ne'
q York Ci,y.
william II i%loraiAll, Kings st Chsppsdur
NY.
jaime. n. Collins. a. West oo,h S., Ne'
York city.
The name. and post omc addrs-.r. ~ M
suhscrihers T., this certificate and u stntrmrn
IT th. number II shares NJ stock whirli rAc
Lerrrs 10 lake In the corporate n, Aie NJ fnloN'
Fredd Spencer Ashley, ~ West SIND -
New YORK City, ! share,
Niuinn II. Hors!ai. Kings 81, ChAnurpu'
n Y. | share
James Is. Collins, a. soih ST., Nec Ycr
CITY. | share.
II In witness whereof. We have made, .ispc,
sealed, ncknow edged and filed this crriirais
AIRY, 1919.
Frcid Spencer Ashley y" ~
I William II, Ilorslall n" -
y Jas, 49,. Collins asa
d CITY AND STATE OF NEW YORK
-. 4 - -. go.