New Mexico state record. (Santa Fe, N.M.) 1914-19??, 1918-09-20

v,n:ions and shares of its capital stock,
and the capital stock Of any corporation or
corporatinrs, and to vote any such STOCK
Owned bv it the same as a natural n'fShh
mjoif DO; 20 acquire, hold. trade in. buy,
sell and in anywisc handle obi cations;
certificates 81 Indebtedness or Of title, and
10 buy, s-ll, trade in and hold tag sale
certificates. duplicate tax sale ccrt'hcates
and tn. titles: to locate, enter u0tn. take,
ore-ctnrt, or acquire in any lawful manner;
3rv of the public domain Of 'hc United
states or Of any foreign country, with the right
10 borrow ard pledge in payment or de
acquire. handle and dispose Of 'hr same.
not Inconsistent with Law; +" borrow or
loan money for the stocking, equ'prinp;
operation, development and Improvement OF
any or al Of said lands. rights and pro-
pc-.ies herein mentioned. and for the fnrth-
GRANGE and protection of any undertaking
or object in which this corporation may be
or become interested and TO the end that
every nnportunity and resource OF any
or an such may be fully developed aud
hest subscrvcd; to issue honds. notes: de
henturcs and other evidences Of indebted
ness and secure the payment Of same by
MORTGAGE. deed Of trust; or other" ise' TO
act as agent, trustee, broker, or IN any
other fiduciary capacity, and 70 borrow and
loan money; and in general to do and
perform such acts and things and fransact
N any part OF the world as the BOARD OF
Directors NAV deem TO be to the best IN
tcrests AMI advantage Of the corporation.
The enumeration or specification herein ct
Company shall not he held 10 limit or
"rc9,t1in IN any manner the rights OF
powers Of said corporation.
The Amount Of Capital Stock
The authorized amount of capital stock
of this Corporation shall he Two Hundred
and Fifty Thousand !(s2s0,OOM Dollars, divi1.
ipto Tuppty- Five Thousand fDSNIM
Shares OF the Par value of Ten tlm Dol
lars each. OF said stock l0,00O. shares, or
any. part thereof. of $40. each may be
said Preferred stock shall re.
ccive from the net earnings Of the Com
pany an annual cumulative dividend at
such rate as its Certificate bears on its
,aee, according 10 agree T. pet"'e a any
hut such stock shall not entitle the holder
thereof to vote a. the meetings. OF the
of said Company, Any out
standing Common or Preferred stock may
ing to agreement and any part of such
or retired stock may be Ie.issued
from time TO time as occasion ~justifies up
on direction of the Board Of Directors. AT
by Resolution direct. said capital stock. or
any part thereof, may be paid into this
Corporation. either in cash or by the sale
and transfer to it Of real or personal prop
able right or thing for the uses and pur-
poses Of said Corporation in Payment for
shares of the capital stock OF said
may be issued and the capital
SO issued shall thereafter and there
by become and be fully paid up and non
and the judgment Of the d.
as TO the value of the property
purchased. right or thing acquired or
services rendered, shall be conclusive.
Article S.
The time OF the commencement OF this
shall be the date Of the is.
,uance to it by the Arizona Corporation
ion. and the termination thereof shall be
wenty five (2S years thereafter, with the
Of renewal. as provided by law.
Article 1.
The affairs of this Corporation shall be
,ondueted by a Board Of Directors, and
he following named shall constitute said
Board, Of Directors until their successors
IRE elected and qualified: ]; H. Cris.; Jas
tier the Board Of Directors shall be elect.
ID from among the stockholders at the an
lual stockholders meeting to be held on
he first Monday of August Of each year.
The Directors shall have power to adopt
nd amend BYLAWS, for the government
f said Corporation, to fill vacancies oc-
.uring in the Board from any cause. and
said Committee with all Of the powers
the Directors by these Articles.
Article g..
The highest amount Of Indebtedness. direct
r contingent, to which the Corporation
hall be subject at any one time shall be One
hundred and Fifty Thousand fs15O.O0M Dol
lrs, which does not exceed two. thirds of
he amount Of the capital stock Of this
corporation. I
Article ..
The private property Of the stockholders
nd officers Of this Corporation shall b.
xempt from all corporate debts of any
ind whatsoever.
set our hands and seals this 21st
ay of August, 1918.
]. H.. CRIST. (SEAL
JAS. W. NORMENT, (SEAL)
s. X. NORMENT. (SEAL)