Western liberal. (Lordsburg, N.M.) 1887-1919, 1917-05-18

: To issue its own stocks, bonds, or
other securities, in representation Of
or as securities for any debt, or OBJ
legation, it may create for any lawful
purpose by its Board Of Directors, or
m payment for or al part of the con
s%ideratiOn for the requirement Of
property Of any and all kinds, or Of
any interest, claim, or right of a
value nature in or to any kind Of
property.
To obtain, own, lease, vend, aud
sell, and in any and every way deal
in and with patents, patent rights,
and interests therein, and inventions
Of every kind, including trade marks
To borrow money and to secure the
repayment of the same, by mort
gage of its property, or rights there
IN or to, or in any other manner.
To enter into contracts, and to do
each and everything necessary, suit
able, or proper for the accomplish
ment Of any Of the purposes, or the
attainment of any one or more of the
objects, herein enumerated, or which
shall at any time appear conducive
to or expedient for the protection or
benefit of the corporation, not incon-
sistent with the laws of the State Of
New Mexico.
Fourth. The amount of the total
authorized capital stock of the cor
poration shall be ONE MILLION
DOLLARS, which shall be divided
into ONE MILLION SHARES Of the
par value of One Dollar each, which
shall be paid in at such time or times
as the board Of directors may desig-
nate, in cash, real, or personal
property, services, options, leases, or
for other valuable rights or things,
for the use and purposes of the cor
poration; and all shares of capital
stock, when issued in exchange there
for, shall thereupon and thereby be-
come and be fully paid as though
paid for in cash at par, and shall he
worcestershire forever; and, in the
absence of actual fraud, any such ex-
change value for capital stock found
and determined by the board of di-
rectors shall be conclusive. The cor
poration shall commence business
with a capital of Two Thousand Dol
lars, to be represented by two thou
sand shares of the capital stock,
which have been subscribed and paid
for in cash by the persons signing
this certificate.
Fifth. The names and p~ostofice
addresses of the -incorporators and
the number of shares of the capital
stock of the corporation subscribed
and paid for by each are as follows.
J.. A. Sund, Stems, New Mexico,
1000 shares.
William Charles, Stems, New Mex
leo, 500 shares.
Fred P. Davy, Stems, New Mexico,
800 shares.
Sixth. The period limited for the
duration of the corporation shall be
fifty (5O) years.
Seventh. The affairs Of the cor
poration shall be managed by a board
of directors, which shall consist of
such number of stockholders as shall
be designated by the bylaws, the
members of which said board to be
elected annually by the stockholders at
the annual meeting at such time rs
shall be fixed by the bylaws. Such
board of directors shall have full
power and authority to manage and
control all business of the corpora
ton, naming and appointing its Off
GERS and agents, and fixing their
powers and obligations. At all stock
holders meetings at which directors
are to be elected the stockholders
may exercise the right termed
cumulative voting.
Eighth. The board of directors of
the corporation may from time to
time make, alter, amend, or rescind,
bylaws for the government of the
corporation, subject to the action of
the stockholders in annual or special