Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1916-12-08

ing and placing insurance, lending and IN
vestng money, selling, exchanging manag.
ing and handling properties, undertakings
tC establish and collect claims obligations
rights or interests Of any class or kind
whatsoever and as such agent or broker The
corporation is vested with the full and abb
sclute powers and privileges Of natural
person.
".
The corporation is organized 90 issue cap
ital stock to the extent Of Five Hundred
Thousand Dollars tS50OOOOl divided into Ten
thousand shared 100000 Of the par value OF
Fifty Dollars CsJ00O) each
Five thousand shares (jO00) Of said STOCK
are to be Preferred stock. said preferred
stock may be issued as and when the Board
Of Directors shall determine and SHAH en-
title the holder thereof to receive out Of
the net earnings, the corporation shall be
bound to pay, a fixed cumulative dividend
at the rate Of not exceeding eight 90 per
centum per annum, payable on the first day
Of July each year, before any dividend snal
be set apart or paid on the common stock
Provided however that whenever 1--WE
dend is paid on the preferred stock, the
Directors shall have power in their dlscTt'
tlon to declare and pay dividend Tor
like period on the common stock
The holders Of the preferred stock sha'
in case Of liquidation or dissolution OF 'es
corporation. before any amount shall os
raid to the holders Of the general or conn
mon stock. be entitled to be paid In fuL
Such preferred stock at the discretion "
the Board Of Directors shall be subject 90
redemption at par on the first day OF JoF
1926, or on any dividend day thereafter
V
The names and postofflce addresses Of tnsl
ircorporators and the number OF shaies
capital stock subscribed for by taeh INV
aggregate Of which shall be the aiuol.,
with which the corporation will comme"''
business are as follows: "a
George c, Taylor, albuquerque. ~ NJ "
shares common, S2@o0o .,....,s
Paul Butt Albuquerque, n NJ Iu s"'''
common $4,000. al
Robert w Butt Albuquerque ~ M' "
shares common s50Od0
Total. 70 shares common, S5ooOW.
VI
The time for which this corporation sna'
exist shall be fifty C5o) years.
VII
The following are the names OF the bua.+
Of Directors for the first three mon' ~
George c. Taylor, Paul Butt h"Oe''
Butt
VIII
The number Of Directors of the corpora,
tiop shall be not less than three nor NOR.
than five. and shall after their apP"'n lW.5
serve until their successors are du'y ''' ,ro.
and qualified in accordance with the ps
visions of the Bylaws ,..-,-..s IN
The corporation may conduct ouslne" In
the state Of New Mexico and elseWhei' .s
Guiding any Of the states, territories ne.
Of the United states. l.e .atg1
trict OF Columbia or any ana uu ssres
and may have one or hlI,' me
therein, and therein exercise an t,rter
rights and privileges specified IN us qua.
7vcept as and when forbidden by the W.
avs of such country, state, territory ,r.
nv District Of Columbia, or to'e'E" Vs
nv or countries The corporation ]"
,v-Iaws may prescribe the hummer " rg
,titute a quorum Of the Board or ma.
hitch number may be less than 'H' bsr
ority of the whole number ne ,te
Il Directors may be iRcreaseu ny r5 of
II the Board Of Directors. me ,. me
directors shall have power ,rer,
ssent Of the stockholders l" me- mount
mend. rescind the bylaws INK '"e and
d no received as a. working caplls ,,.
uthorfze and cause 10 be e1e'a''N iet.
racts mortgages. bills of eNtnanee INA
ers Of credit. notes bonds certll''a''s
ecurities Of every class WhalsoeN tsre.
IN WITNESS WHEREOF. we nave nave. Jsy
nto set our hands and seals TINS ''''
December, 1916 ,.,op fssan
GEORGE C. TAYLOR ,,scaD
PAUL BUTT, 5so,n
ROBT w BUTT. n.rn.
tate " New Mexico County ''
alillo-ss. MAR 1915
on this. the first DAY Of Dece1 I'.,. C.
,fore me personally appeared p,tt 70
avlor paul Butt and Robert w ~ In
he known to he the persons desc t,str,i.
nd who executed the forego'hE ..nted
.ent. and Acknowledged that iney
,e same as their free act ana . here
IN WITNESS WHEREOF ! nave oracial
ntn set my hand and affixed my .,r,,ton.
,al the day and year first above W 1913
Nv commission expires september y,
MARION BlNFoRp
sean N55 Vol s.
age 500 Certificate Of lncofI moor
Investment Compa"' c,ru1ra-
rated Filed in office Of state nar &
IN commission OF New Mexico
&c. . p. m, -. r, r0ARD.
Edwin - clerk
.,,r,rad 7 I O to e F. c.