Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1919-07-18


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 ana
purposes of this corporation. to the
same extent and with Ike 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 i'm
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-
uuire 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,
Co 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 ($15, 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. M;
! rs shares.
f. L. Crosse. Albuquerque. n. NJ; 10
! shares.
The aggregate of which is Twenty
two Hundred and Fifty Dollars
!
of capital stock with which this cor
poration shall commence business.
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 names
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.
f. c.. Morgan, Albuquerque. n, M
| f, l.. Grose. Albuquerque, N. M,
VIII.
In furtherance and not IN limita-
ton of the powers conferred by
statute, the Board of Directors of this
corporation are authorized n.
(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.
|
[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 end cause to
be executed mortgages and liens and
| all other instruments affecting the
real and personal property of the cor
poration.
tc) Whenever authorized by the
| affirmative vote of the holders OF a
! majority of the stock issued and out
standing at 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 corporauof
as an etirety.
(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 oil
Directors which may be lawfully dele
gated, in the management of the bust
ness affairs of the corporation ant
shall have power to authorize thu
seal of the corporation to be affixed
to any and all papers requiring " seal
4(e) The Board of Directors ant
i Executive Committee shall, except a.
otherwise provided by law, hav'
power to act by resolution IN writ
!. f,n riopad hu oil thu lam hare Of 'fhi