Sierra County advocate. [volume] (Kingston, N.M.) 1884-1960, 1917-07-13
Articles of Incorporate

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Three Hundred Thousand (300W
shares of the said capital stock
| subscribed as hereinafter set forth
paid in real property conveyed "
| Corporation - the capital with VI
| this company commences businessx
remaining Two Hundred Thousand "
| 000) sharesaie tTeasury stock and shsll
subject to theo eorder OF the board OF Diu
| tors.
| The principal office OF said corpora
! tion in the State OF New Mexico shau
be located in the town Of Cater. Coun@
| ty of Sierra in said State. and the nameA
Of the agent OF said Corporation there
in in charge thereof and upon whom
process against sid Corporation may be
served is w II. Weston.
5.
! The business Of this Corporation shall
be managed during the first three months
Of its corporate lie by three directors.
| to-wit:
George T. Langhorne, ri Paso. Texas.
| Ed Solomon, El Paso, Texas.
w. Fl. Bucher, Hllsboro, N. NJ
who shall hold office until their success
ors are elected and qualified. After the
| first three months the number OF the
| Directors of the Company shall be and
continue three who shall be chosen from
the stockholders by major vote of the
whole thereof, and each OF said directors
shall own and hold not less than One
| Hundred Q00) shares OF the capital
stock, The board OF directors may
choose from their number or from the
stock holders one or more whom they
may clothe with authority to act for all
and this power shall extend to all de-
partments of the operations and busl-
ness of the corporation, and each OF
which an appointee or manager may DO
given control and such compensation Oh
salary as to the directors may seem Just
and right, The board OF directors at
any regular or special meeting and by
major vote shall fix the selling price OF
the treasury stock owned by the Cor
poration and until such order shall be
made and entered of record no treasury
stock may be- sold at less than par. The
board of directors may formulate rules
and prepare bylaws for the conduct OF
its business and the direction OF its Of
fceIs and agents.
The Directors of the Corporation shall
choose its President, Vice'President,
Secretary and Treasurer, and all other
officials shall be chosen as such corpor-
alton shall from time to time determine,
Such directors shall have power to make
and repeal and amend bylaws for such
corporation, but bylaws 80 made by The
directors, may be amended or repealed
by the stockhoders The directors shall
have power from time to time to declare
such dividends as within their Judgment
seem proper. Said corporation may
have and maintain an office and prlncl-
pal place OF business out Of the State OK
! New Mexico, and the same shall be To-
Gated al FL Paso, Texas, until lawfully
changed thereirom, at which office any
of its business may be transacted and at
such office the directors may hold their
meetings and keep the books Of the cor
poration ncluning duplicates of the
stock and transfer books.
7.
Tho annual meeting OF the stockhold-
ers Of this Corporation shall be held at
| it's principal office on the lst Tuesday OF
| the month of September OF each year
after 1917, and the first meeting OF the
stockholders for the year 1917 shall be
held on the first Tuesday Of Septem Der,
/ 1917, at the principal Office, and the time
and place Of meetings shall only be
| changed by major vote OF Board OF di-
rectors, of which change notice shall be
given 10 each stocknolder at his record
address, az least ten days prior TO the
day Of such proposed meeting. At any
meeting Of stockholders lawfully con>
vened a majority Of shares Of stock is
sued in person or by proxy present shall
constitute quorum for the transaction
Of business,
The names and residences of the sew
eral incorporators herein with the num-
/ Der Of shares OF the capital stock sub
scribed by each are;
George J.. Langhorne, FL Paso, Texes,
150, 900 shares.
Ed. Solomon, FL Paso, Texas, l49 200
shares.
w. II Bucher, Hillsboro, N. M, 1,00C
shares,
The board of directors, if such a course
seem expedient and in the interest ~
/ Lne stOcknolders, become associated with
other person or persons, or corporation
or corporat ons in the construction, leas.
ing or purchase of any mill, plant, smelt
er, reduction works. railway or othe
means Of transportation and they ma,
also purchase said interests and shares il
other corporations and its property a
they may deem II wise to do, and in sucl
event all shares OF stock shall be he'll
by the President in trust for this Cor
poration, and the transfers shall be mad
to him as such trustee or such other of
ticer as the directors may name aud az
point.
In WITNESS WHEREOF the un
dersgined persons have hereunto sub
scribed their names on this 9th day q
June, A, d. 1917.