Deming graphic. (Deming, N.M.) 1903-1948, 1919-05-20

Offices and places OF business at such
other places as the board Of directors
may deHignate), and the agent therein
and In charge thereof and upon whom
process msy be served against the cor
pOration u N. r. Chapman.
ARTICLE 4. The amount OF the cap
ital stock OF this corporation shall be
two hundred thousand dollars tS2oo,-
O00.00) divided into two hundred thou
dollar (si) each. and said capital stock
shall be paid up at the date OF iEsu-
ance or at such time as the board OF
directors may designate. In money,
property. labor or any other valuable
right or thing and the judgment OF
the board OF directors as to the value
thereof shall be conclusive. The cap
ital stock so issued shall be fully paid
and nc n-assessable. The amount OF
capital stock which with which " shall
be authorized to commence business IN
two thousand dollars (s2.000.O0). sub
scribed for as follows; q. T. Garnett,
500 shares; L. !. Garnett. 500 shares;
Frank T.. Everett. 600 shares: Sadie l..
Everett 500 shares. all OF said share
holders.or subscribers living at Indian
ola. In Sunnower county, Mississippi.
and n. +. Chapman. 10 shares The
said n. =. Chapman living at Deming.
ARTICLE s. The general nature OF
the business to he transacted by this
corporation Is az follows: To pur-
chase, lease, bond. locate or otherwise
acquire. own. exchange. develop. ,oper-
ate sell or otherwise dispose OF any
and all kinds OF lands. including oil.
gas, asphaltum. petroleum. coal. iron.
gold. silver. gypsum. copper. lead ana
zinc properties, water and water
rights. In this or any other state; to
buy. sell and to own stock In other
corporations; to do general real
estate and mercantile business: TO con-
tract. equip. operate. own or lease tele-
phone and telegraph lines: 10 con-
struct. maintain, own and operate pipe
lines: to construct and maintain wood
or iron tram ways or wagon roads IN
cidental 10 its general business; TO
erect. own, acquire. maintain ana oper-
ate smelters. mills, renneries. and man
ufactories OF any kind: to borrow
money and execute mortgages or deeds
of trust to secure the payment OF the
same: To make contracts. acquire ana
transfer property, possessing the same
powers In this respect as private tndi-
viduals now enjoy; TO sue and be sued
by the corporate name. plead and be
Implicated, appear. answer or 10 pros
ecute In any and all courts OF justice
here and elsewhere, and In general 10
do all things necessary to the proper
conduct of the business OF this corpor..
alton In the state Of New Mexico and
elsewhere
ARTICLE 6. The time Of the com
mencement OF this corporation shall
incorporation In the office OF the Cor
poration Commission at Santa Fe.
state OF New Mexico. and certified
copy In the office OF the county
recorder Of Luna county, state OF New
Mexico. The term for which this cor
poration shall exist IL twenty-five.
years from the date of its incorpora-
ton, with the privilege Of renewal as
provided by law.
ARTICLE I. The AFFAIRS OF this cor
poration shall he conducted by a
Board of Directors. consisting Of not
less than three nor more than nNe
members. each OF whom shall be
stakeholder. and whenever n director
ceases to be n stockholder. he shall At
the same time cease to be director
The directors shall be elected annually
by the stockholders at their regular
annual meeting, which shall he held on
year. or on the next legal day there
after II said third Tuesday be dies
non. as the bylaws shall provide
which bylaws, when adopted by the
directors. may be altered. modified.
amended. changed or repealed. pro-
vlded such alteration. modification,
amendment. change or repeal be not
inconsistent with the laws of the
United States aud of the state OF New
Mexico, subject TO the action OF the
stockholders thereon from time to time,
In accordance with law.
ARTICLE g. The following named
persons shall constitute the first Bonri
OF Directors to serve during the nrst
three months following the filing
hereof or until such prior time as
their successors are duly elected and
qualified. and shall serve az the officers
Of this company until their successors
shall he elected: n. T. Dnrnett, l.. J.
Garnett Frank u. Everett and y. l..
Everett. all residents OF lndianola,
Sunflower county Mississippi. and n.
+. Chapman Of Deming New Mexico.
Any vacancy occurring in the Board
OF Directors by death. resignation or
otherwise. shall be filled by appoint
ment by the Board OF Directors and
when 50 filled he or they shall hold
office until their successor or success
ors shall have been duly elected ana
qualified. and a majority OF the Hoard
OF Directors shall constitute quorum
to transact any business Of the COM
pany.
ARTICLE Q. The highest amount OF
Indebtedness or liability, direct or con
tingent. that this corporation may sub
feet itself to ut any time. shall not eX-
coed the sum OF Fifty Thousand Dol
lars.
ARTICLE 10. Within twenty days
after the election OF any Board or
Directors. the said directors shall meet
and elect officers for the corporation.
which shall consist of president vice
president. general manager treasurer.
secretary and such other officers as
may he named DN the bOaIu hl blltt-
tors ANY two offices may he nlled by
one person The compensation and
tenure Of office for all officers OF the
corporation shall be fixed and deter
mined nv the Board OF Directors.
ARTICLE II. The private property
of the stockholders OF this corporation
shall be and Is hereby made forever
exempted from all liability for the
debts and obligations OF this corpora
tlon. except as otherwise provided by
law.
ARTICLE 10. These articles OF In
corporation may he altered or amended
ut any meeting Of the board OF direc-
tors called for that purpose. by an
affirmative vote of a majority OF the
stock then issued The board OF direc-
tors. or stockholders holding one
fourth OF the stock, may call meet
ing OF the stockholders at any time
for the purpose, or any other. provided
that all stockholders shall have at
least ten days written notice OF such
meeting
ARTICLE l3 The stockholders OF
this corporation shall have the right To
soil the entire nsqets of this CORPORA