Sierra County advocate. [volume] (Kingston, N.M.) 1884-1960, 1917-07-27

| tyi money ana other values secured to
the Company;
Three Hundred Thousand (3000oOO0)
shares of the said capital stock being
subscribed as hereinafter set forth and
| paid in real property conveyed to the
| Corporation is the capital with which
! this company commences business; the
remaining Two Hundred thousand 900
000) shares are treasury stock and shall be
subject to theIorder of the board OF Direo-
tors.
The principal office of said corpora
tion in the State of New Mexico Shall
be located in the town Of Gutter, Coun-
ty of Sierra in said State, and the name
of the agent of said Corporation there
in in charge thereof and upon whom
process against said Col poration may be
served, is W. II. Weston.
5.
The business Of this Corporation shall
be managed during the first three months
OF its corporate life by three directors,
to-wit:
George T. Langhorne, III Paso, Texas.
Ed Solomon, lei paso, Texas.
w Fl. Bueher, Hilsboro, N. M.
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
wholejthereof, and each of said directors
shall own and hold not less than One
Hundred (l00) shares Of the capital
stock. The board of directors may
choose from their number or from the
stockholders one or more whom they
may elothe with authority TO act for all
and this power shall extend to all de-
partments OF the operations and buai-
ness of the corporation, and each of
which an appointee or manager may be
given control and such compensation of
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 AMI until such order shnll 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 it's of
fcers 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 so made by the
may he amended or repealed
by the stockholders. 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 princi-
pal place OF business out of the State of
New Mexico, and the same shall be To-
Gated at El Paso, Texas. until lawfully
changed therefrom, at which office any
Of it's busines may he transacted and at
such office the directors may hold their
and keep the books OF the cor
poration including duplicates of the
stock and transfer books.
z.
The annual meeting of the stockhold-
ers Of this Corporation shall be held at
It's principal office on the. lst Tuesday of
he month of September OF ea h year
after lel7, and the first meeting OF the
stockholders for the year 1917 shall be
1eId on the first Tuesday OF September,
1917, at the principal office, and the time
md place Of meetings. shall only be
hanged by major vote of Board OF di-
ectors, of which ch nae notice shall be
,iven to each stakeholder at his record
address,, a; least ten days prior to the
lay Of such proposed meeting. AT any
Meeting Of stockholders lawfully con-
rened d majority of shares uf stock ia
ued in person or by proxy present shall
onstitute quorum for the transaction
i business.
The names and residences OF the sew
raj incorporators herein with the num-
er of shares of the capital stock sub
cribed by each are:
George +. Langhorne, El Paso, Texes.
80 900 shares.
Ed. Solomon, FL Paso, Texas, 14a, 900
hares.
w. II Butcher, Hillshoro, N M coo
hares.
The board Of directors, ifsuch coursa
eem expedient and in the interest of
be stockholders, become associated with
ther person or persons, or corporation
r corporations in the construction. lesa-
lg or purchase OF any min, plant, smelt-
r, reduction works, railway or other
leans OF transportation and they NAV
lso purchase said interests such shs resin
ther corporations and its property as
ley may deem II wise to do, and in such
vent all shares of stock shall be held
y the President in trust for this Cor
oration, and the transfers siall be made
, him as such trustee or to such otherof
Ger as the directors may name and ap-
oint.
IN WITNESS WHEREOF the un-
ersgiued persons have hereunto suL-
cribed their names on this 9th day o
une, A. ID. 1917.
q. I. LanghOrne.
Ed. solomon.
w. ii. Bucher.