Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1916-01-29

within Or without the state; of H., hereof st
ico. as principal, g,nt Contractor Nsh-
/ or otherwise. "Ns'ee
~ To purchase hold sell o, .
wise dispose OF. deal in or impro,, ssnei-
of incumbcr real estate. mines or tnlnir. aAe
other real or personal property or ans %
| interests or rights therein either uttht All
without the state Of New Mexico a,'s Vr
assume or agree 70 pay the debts or 70
| bilitcs Of any person. firm, or assnct,, -
or corporation ana acquire any other 81.
| nesses with the gooG will and mi is
| rights and privileges incident thereio IN V, M,
| manner and 10 like extent as an indi,,g,i,se
might do, except 50 far as prohlhi,.1 80
express provisions Of law to general Nh,
ness corporations.
| tcl To hold, purchase or otharwisa
| quiro, to sell assign, transfer. more
| pledge or otherwise dispose of share - * -
capital stock. bonds. or other evidence. W
| Indebtedness created by any other coe..
ton " corporations. and while the hola"a
| Of such stock. To exercise all rights a,.,
privileges Of ownership, including the rlrh,
| To vote thereon to the same extent H.
natural person might or could do
td) To make. enter into and exec,,,.
contracts of every kind and character seoi.,
ana unsealed, with individuals firms aa
soclations and corporations. private. puhlt.
and municipal. and bodies polite ana MI.
the Government Of the United States asa
ID lie.
| trict thereof, and with any foreign eountr,
te) TO acquire. own and hold It's own
+. stock or stock in other corporations
"
The amount Of the total authorized cso
ital stock Of the corporation is ono NJ
bred Thousand Dollare $500 600 OO) ,vhloh
said stock is divided into one theeesand
shares Of the par value Of one Hundred
Dollars $1,000 each.
The names and post-office addresses ot
the ncorporators. and the number Of sharss
Of stock subscribed for by each are az
follows: Number M
Name-lost-ottiee Shares
Jacob Korber Albuquerque, \. NJ 10
Albert z. Korbcr Albuquerque NJ n. ia
Roy NJ Ball Albuquerque. n. Nh
Robert A. Bledsoe, Albuquerque, n M..io
The aggregate of which Is Eight Thousand
Dollars (ss 100000 and which is the amount
Of capital stock with which this corona.
ton shall commence business
VI
The time for which this corporation &,
TO exist is fifty years from and after IFS
Incorporation u
|. The number Of its directors shall be not
less than three and not moro than five a.
the stockholders may BY the by-laws. dl.
rect. and the names and residences Of tho
Directors who are appointed for the first
three months and until their Successors ara
regularly and duly chosen By the stock.
holders are as follows
Names Addresses
Jacob Korbor ....#.....- Albuquerque. ~ NJ
Albert ?. Korber 81. Albuquerque, \. NJ.
Roy NJ Ball .......... .Aibuquerque. n NJ
VIII
In fdrtherance, and not In Limitation OF
the powers conferred by statute the Board
of Directors Of this corporation are author
lied:
(a) To hold their meetings aud have
one or moro offices and keep the books
Of the corporation within or Except as
otherwise provided by statutcj without the
State Of New Mexico at such places as
may from time to time be designated by
thcm.
CO. To determine from time 10 time
whether and If allowed, under what eond-
lions and regulations the accounts and
hooks of the corporation shall be open 10
inspection Of the stockholders and tho
stockholders rights in this respect are and
shall be restricted, and limited accordingly:
and no stakeholder shall have any right to
inspect any account or book or document Of
the corporation except as authorized by tho
laws or by the Board of Directors but
this provision shall not be construed as in
conflict with any positive provision Of the
statute.
rc) TO make. alter. amend and rescind
determine. from time TO time, and vary
the amount to be reserved as working cap
ital and to determine the times fer the
declaration and payment and the amount
Of each dividend on the stock, and 10 de-
termine and direct the use and disposition
Of any surplus or net profits and 20 author
i2e and cause to be executed mortgages and
liens and all other instruments effecting
the real and personal property of the cor
poration.
(d) Whenever authorized by the affirm
alive vote OF the holders of majority II
the stock issued and outstanding at stock.
holders meeting duly convened and called:
to sell assign. transfer or otherwise dis
pose OF all the property including the fran
chisc or franchises Of The corporation as an
entirety.
Cc) To authorize one or more Of their
number to constitute an executive committee
which committee shall for the time being
and until said resolution be rescinded or
the bylaws otherwise provide, have and
exercise all the powers Of the board or
Directors which may be lawfully delegated.
in the management Of the business affairs
OF the corporation and shall have power
to authorize the seal of the corporation TO
be affixed to any and all papers requiring
"a seal.
% The Board Of Directors and Execu-
tive Committee shall, except as otherwise
provided by law, haze power TO act BY
resolution in writing, signed by all tDe
members Of the Board OF Directors or OF
the members of the executive or other COM
mittee and filed and inserted In the re-
corded minutes of the company and prop
erly dated: and such resolutions SO signeu
and annexed to the minutes shall be deeiheu
the action OF such Board or Committee az
the case may be- with the same force ana
effect as ii the same had been duly passed
by the vote Of the members signing ne
same at a regularly convened meeting
81 A majority of the Board OF Direct
org shall be necessary for a quorum iof tnn
Of business and such maiofiV
must include the directors. owning Or ~
proxy. representing. a majority OF the stoQA
Of said corporation issued and outstandhg'
th) shares Of stock 10 other corpora
held by IL in its own right OF 90
trustee or otherwise may be counted an"
voted at any stockholders meeting III bue,
manner as the directors by resolution sn'"
order.
The stockholders Of said corporation u
-egular or special meeting. properly ieato"
n accordance with the law or the p'p
tlslons hereof. may alter or amend me "
avs OF this corporation and a maJorp y,
he capital stock of said corporation issu'4
ind outstanding must be present OF ~
'esentcd by proxy. at any meeting o. Wv
Il Ockholders in order TO constitute wv
UNI thereof. and said stockholders mag ~
esoluton duly adopted nj such meeting
move any director or office Of the e"'po'a
Ion and elect successor 10 till Vut w
lncxpircd term Of said director or ottie,'
In Witness Whereof we hac. beruHt' ~
,ur hands and seals this LIST day OF jan
Iary, 1915 ,r.n
JACOB kORBER '9es
ALBERT /. KORBER. tsea
ROY NJ. BALL &C.,,
ROBERT a. BLEDSOE taed"
l. X. Stamp, 10 cents.) or.
tate Of New Mexico, County W ~
nalillo--ss
ON this i2th day OF January lYle. IN,
ore me the Undersigned, Il Notary funn
d ana for said County, personally appeaiv
acnb korber. Albert T. korber ny