Carrizozo outlook. [volume] (Carrizozo, N.M.) 1910-1945, 1916-06-16

payable annually on July Ist.. az each
year until redeemed, but the first dividend
shall not be due until July LIST lpl7
Dividends unpaid At the end Of any divi-
drnd paying period shall attach TO the
preferred stock become cumulative aud
until paid no dividend shall he paid ON
tie common stock Of this corporation.
~ case ~ liuuidatlon Of this corporation.
the assets shel FIRST be applied 10 retiring
any outstanding preferred stock ut par.
then to retiring tbs common stock in w
lar as the balance may permit, The
holder OF the preferred stock of this cor.
pOration shall not be entitled to vote nc
any ui the stockholders meetings nor II he
eligible 10 any Of the elective oihces in
the company.
Section 4 The capital stock NJ this
company IL issued m payment in full for
certain mining properties machinery and
mn ruvrmente thereon desc ribei In a GER
TAN deed OF conveyance now In the same
possession ~ the subscribers he fetO for
delivery To the Secretary of the company
when elected. and Tor M mes advanced
aud Tor services rendered IN this company.
and all NJ which Is accepted aud received
10y this corporation In full payment for
said stock and II shall be conclusive y
presumed NJ against all persons dealing
with his corporation, whether creditors,
Stockholders or others. thHt the properties
OF this company and the capital stock are
on the date II It's incorporation in value
the same and all persons shall be forever
bnrted and stopped from claiming or
setting ~ Mt law ~ any proceeding In
equity That the said stock IL not fully paid
up.
ARTICLE
RnplinU ~. I.uutuU l. gha t..N 80 .nI.
scribefS to the capital stock Of this com
pany, together with theft post office nd
dresses u the amount subscribed Ivy
each.
Geo G Benedict. Carrizozo N. NJ. aO5
Shares Common Stock
= T., RyalS, Cordele. Ga, 8 shares
Common Siork
Harriet NJ lvcrs. Carixozo, n NJ. 095
shares Common Stock.
John \ tien. Nashville Tenn, 8
Shares Common Stock.
i G. Ma'sun, ~ Broadway, New
No,k city, 500 Shares Preferred Stock.
Total II 2,5n0 Shares being the amount
Il capital stock with which this mpa
will m business.
ARrI LIE vi
Section /. This corporation shall Va
Suocess'nn by its corporate name for III
period of fifty years unless snn me shall b.
oolicr dissolved by the BOARD " Dircc.
tors NJ by law provided.
ARTICLE VII
Section I The affairs Of this corporation
shall be iaanaRsd by n Board Of Directors CON
sisiinR Of not less than three nor more thRn
seven, who shall be elected by the stakeholder
nj their annual meeting on The third Tuesday o.
January Of each and svey year Tho Bonad Of III
rectnrs may adopt by laws for The governmental
the corporation and lis business. not ineonsist.
ent with these article and the laws of New
Mexico The Board Of Directors may appoin.
an Executive ommite and vest said Commit
tee with such powers rs they may determine
They may also delegate such powers rs they
themselves have To any officer NJ Tho or mpany
for any special or general purposes aa they
may deem expedient.
Section 2. The FIRST Board " Directors shall
be composed II he following;
Geo. Z. Benedict. Carrizozo, NJ. Mex.
Harriet Melvers, CarriEpEo. N. Mex.
L Mason, ~ Broadway. New York City.
s. l. Ryts, g ririe Ga
who shall hol dotlls until the next regular manual
meeting Of the Stockholders, unless sooue.
disqualified or resigned IN which case vacancies
may he Oiled ms provided IN the by. laws NJ IN,
company
section 8, Tho SHARES Of stock Of this eorpor
ation shalt be -Ansfefnbls only upon he book.
OF the oempauy IN oomplianee with Tho by.ia "
OF the same.
Section 4 The private property Of the corpor
\ ors or Of the Aoekhol lets II this corporation
shall not be liable Tor any Of the corporate debts
seeiiou . these Article, may he amended al
any regular or special meeting Of the stookhold
ors by ~ majority vote Of tho stock issued and
outst ,niing.
In witness whereof We have horsunio sub.
SCRIBE our respective places Of business The dag
aud date designated by tho Jumis,
Signed GEO. g. BENEDICT
HARRiETr MOWERS
=. q. MASON
J, A. GREEN
\. l. RIVALS
a. X. stamp iOc)
state Of New Mexico
on tho 2nd day OF May 1919, before m,
personally appeared Geo G Benedict AM
Harriet Mrlvers 20 mspersonally known to be-
the per.ona described Ia aud who executed th'
i%orgsing instrument aud Acknowledged that they
executed the same rs their free act and deed
Witness my hand aud seal this End day q
May. 1918.
(ssaD William II. Osborn
Notary Pubic
Ny Commission Expires Sept, 2s.iOls
STATE OF NEW YORK
CouN YoF NEW YORK q.
n .Al- NJ -. - A.. ,atu A