Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1919-07-19

citizens within the State of New Mex
leo, have this LIST day of July, 1919,
associated ourselves together for the
I purpose of forming a corporation
under the provisions of the laws of the
State of New Mexico and to the end
that we hereby certify as follows:
The corporate name Of said corpo-
ration is Commonwealth Estate"
! IL.
The principal place OF business of
said corporation is at 321 West Gold
avenue, City of Albuquerque, New
Mexico, and w. p. Metcalf is the
agent in charge thereof and upon
whom process against the Corporation
may be served.
The objects and purposes for which
this corporation is formed are:
/. To buy and otherwise acquire, to
hold and own. manage, operate. i'm
prove, develop and sell real estate.
2. To act as agents for other cor
| porations, associations or individuals.
| 3, Also to take and acquire by pur-
chase, exchange, or other lawful
modes, and to hold. own, sell and
| otherwise dispose of the capital stock
and bonds of other corporations;
And in furtherance but not in limi-
tation of or to be construed as limi-
tation of the powers conferred on gen.
eral corporations. or authorized to
them by the provisions of the laws of
New Mexico, the said corporation shall
have and may exercise, among others,
the following powers and rights:
(a) To do any and all things here
in specified as the objects, power and
purposes of this corporation. to the
same extent and with like force and
effect as a natural person might or
could do the same; and to do the same
or any part thereof within or without
the State of New Mexico as principal,
agent, contractor, trustee, or other
wise.
CD To purchase, hold. sell or
otherwise dispose of. deal in or inn
prove, operate or incumber real estate
or personal property. or any or all in
terests or rights therein. either within
or without the State of New Mexico,
and to assume or agree to pay the
debts or liabilities of any person, firm,
associations or corporation and ac-
quire any other business with the good
will and other rights and privileges
incident thereto in like manner and
to like extent as an individual might
do, except so far as prohibited by eX-
press provisions of law to general bus
mess corporations.
(c) To acquire, hold and dispose of
stocks and evidences of Indebtedness
in this or other corporations and ex-
ercise all rights and privileges of
ownership and appurtenances thereto
",
The amount of the total authorized
capital stock of the corporation is
Fifteen Thousand Dollars (S15, 100000,
which said stock is divided into, One
Thousand Five Hundred shares of the
par value of Ten Dollars $4,000 !
each.
The names and postoffice addresses
of the incorporators with the num-
Der of shares of stock subscribed for
by each, are as follows:
w. p Metcalf, Albuquerque. N. M;
rs shares.
E. C. Morgan, Albuquerque. N. NJ;
rs shares.
e. l.. Grose. Albuquerque. N. NJ; rs
shares.
The aggregate of which is Twenty
two Hundred and Fifty Dollars
S2,250.00) and which is the amount
of capital stock with which this cor
... ..+ VI.
The time for which this corpora
ton is to exist is fifty years from and
after its Incorporation.
VII.
The number of its directors shall
be not less than three and not more
than seven, as the stockholders may
by the bylaws direct, and the namesI
and residences of the directors who
are appointed for the first three
months and until their successors are
regularly and duly chosen by the
stockholders are as follows:
w. P. Metcalf, albuquerque, N. NJ
e. c.. Morgan, Albuquerque. ~ NJ
E. L. Grose. Albuquerque, N. M.
In furtherance and not in limita-
ton of the powers conferred by
statute, the Board of Directors of this
corporation are authorized.
(a) To hold their meetings and
have one or more offices and keep the
books of the corporation within the
State of New Mexico at such places as
may from time to time be designated
by them.
OBJ To fix, from time to time, the
amount to be reserved as working CAPT
tai and to determine the times for the
declaration and payment and the
amount of each dividend on the stock,
and to determine and direct the use
and disposition of any surplus or net
profits and to authorize and cause to
be executed mortgages and liens and
all other instruments affecting the
real and personal property of the cor
poration.
(c) Whenever authorized by the
affirmative vote of the holders OF a
majority of the stock issued and out
standing at a stockholders meeting
duly convened and. called: to sell, as
sign, transfer or otherwise dispose of
all the property including the fran
chise or franchises of the corporation
as an etirety.
3f(d) To authorize one or more OF
their numbers to constitute an execu-
tive committee which committee shall
for the time being and until said res
olution be rescinded or unless for
hidden by the bylaws, have and ex-
ercise all the powers of the Board of
Directors which may be lawfully dele
gated, in the management of the busi-
ness affairs of the corporation and
shall have power to authorize the
seal of the corporation to be affixed
to any and all papers requiring n seal.
(e) The Board of Directors and
Executive Committee shall, except as
otherwise provided by law, have
power to act by a resolution in writ
ing signed by all the members of the
Board of Directors or of the members
of the executive or other committee
and filed and inserted IN the recorded
minutes of the company and properly
dated: and such resolutions, so signed
and annexed to the minutes shall be-
deemed an action of such BOARD