The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1916-03-13

H EVENING HERALD,
Territory. o. colony or district thereof,
aud With any foreign country.
, 20 To acquire own and hold i's own
stock ui STOCK ~ other corporations.
".
The amount of th. total authorized
capitnl stock of the corporation - one
Hundred fiity Thousand Dollars $50.
600 which suid stock H. divided INTO
fifteen hundred shares Of the par value
of One Hundred Dollars 400 90 each.
Y.
The names and pos, office addresses
OF the incorporators. with the number
oi shares ct stock Subscribed tor hy
each, are as follows
". g. kclly. Kansas city. Mo. 20
shatcs; Francis l.. wood, Albuquerque,
y. NJ, one share; O. y Marion. Albu.
qucrquc. y. NJ, one share. The aggre.
gate of which is Twenty Hundred
Dollars $4,000. which Is the
amount OF the capital stock with which
this corporation shall commence bust.
ness.
The time fot which this corporation il
10 exist If fifty years from aud after
Its Incorporation.
VII.
The number of It's directors shall he
lsD0t less than three and not mofc than
five, ~ the stockholders may, by the
10y. laws. direct, and the names and resi-.
denccs of the directors who are appoint.
ed for the first three months and until
their successors are regularly and duly
chosen by the stockholders are rs fol.
lows:
". q. Kelly, Kansas CITY, Mo, Fran.
els r.. Wood, Albuquerque, y. NJ, o. y.
Marion, Albuquerque. y. NJ.
VIII.
In furtheiance, and no, in limitation
of the powers conferred by statute. the
board of directors Of this corporation
are authorized.
Ca To hold their meetings and have
Que or more officers and keep the books
Of the corporation within or (exccp' ~
otherwise provided by statute without
the State of New Mexico at such places
Us may from time to time be designated
by them.
(b) To determine from time 20 time
whether and if allowed. under what con.
ditions and regulations the accounts and
books of the corporation shall be open
to inspection of the stockholders and
the stockholders rights IN tins respect
are, and shall be. restricted, and limited
accordingly; and no stakeholder shall
have any right to inspect amy account
or book or document uf the corporation
except ~ authorized by the by laws or
by the Board of Directors hut this pro-.
vision shall not be- construed rs IN con
flict with amy positive provision 81 the
statute.
ItI To make. alter, amend and re.
scind the by laws ~ the corporation
and ~ fix. determine. from time 10 time.
and vary the amount TO be reserved ~
working capital and 10 determine the
times for the declaration and payment
aud the amount ~ each dividend on the
stock, aud 20 determine. and direct the
use and disposition of any surplus ct
NJ; profits and to authorize and cause
10 toe executed mortgages and liens and
all other instruments .itccting the real
and personal property OF the corpora
ton.
I'D Whenever authorized by the at
iirmative vote Of the holders OF II mn
joiity of the stock issued and outstund.
ing az a stockholders meeting duly con.
Ncned and called; to sell, assign, trans
fer ct otherwise dispose of all the prop.
erty including tn, franchise or iran.
chiscs OF the corporation Us an entirety.
trJ To authorize one ~ more OF their
number to constitute an executive com
mittec which committee shall for the
time being and until said resolution be
irscinded or the by laws otherwise pro.
VIDE. have and exercise all the powers
of the Board at Directors which mhy hc
lawfully delegated, IN the management
~ the business affairs oi ID. corpora
ton TO be- affixed 10 any and all papers
ton and shall have power To- authorize
the seal OF the corporation Ia hr affixed
tu any aud all papers requiring "A seal.
- The Board of Directors and Exc.
cuti,c Committee shall, except as other
Wis. provided by Law, have power To
act hy u resolution ia writing, signed
10y all the members OF the Board OF ID.
r-ctors or Of the members OF the cxecu'
tive or other committee aud filed and
inserted IN the recorded minutes OF the
company and properly dated; and such
resolutions 70 signed and annexed 10 the
MINUTES shall be deemed the action of
such Board or Committee rs the ease
may be-. with the same force and effect
NJ ~ The same had been duly passed By
the vote of the members signing thu
| sam. nj a regularl, convened meeting,
| tgl majority of the Board of d..
~rectOrs shnl he necessary for II quorum
Tor .hr transaction OF business and such
majority must include the directors
! uN ming. or by rruAN. spTpsvutlup "A