Bisbee daily review., 1920-06-15
Legal Notices

while the holder of such stock to eXer- else all the rights ana privileges of own ership, including the right to vote there on, to the same extent a natural per son might or could do.
 (O To purchase, hold and reissue the shares of it's capital stock.
 Q) To have one more offices, to carry on all or any of its operations and business without restriction or limit as to amount, to purchase or otherwise ac quire, to hold, own, to mortgage, sell, convey or otherwise dispose of real and personal property of every class and de- scription to any of the States, Districts. Territories or Colonies of the United States, and in any and all foreign countries, subject to the laws of such State, District. Territory. Colony, or Country.
 The foregoing clauses shall be con- strued both as objects and powers; and it is hereby expressly provided that the foregoing enumeration of specific pow CTS shall not be held to limit or restrict in any manner the powers of this cor poration.
 In general, to carry on any other busi- ness in connection with the foregoing whether manufacturing or otherwise. and to have and to exercise all the powers conferred by the laws of New Jersey upon corporations formed under the act hereinafter referred to.
 FOURTH The total number of shares Of capital stock authorized and which may be issued by the corporation is twenty thousand, all of which are to be common shares without par value. Said shares shall be divided into two classes of which twelve thousand shall be Glass A shares and entitled to dividends. and eight thousand shall be Glass B" shares and entitled to no dividends. Class E Shares may be converted into Class A Shares if the agreement of subscription thereto so provides, and on the terms therein set forth
 The amount of capital stock with which the corporation will commence business is the sum of One Thousand Dollars ($1000), and the number of shares with which it will commence business is ten shares
 Shares of stock without par value shall be issued full paid and non-a -assessable for such consideration not less than One Dollar per share as may from time to time be fixed by the Board of Directors with the consent of two-thirds of each class of the stockholders having voting power, given at a meeting called for that purpose.
 At all meetings of the stockholders of !! the corporation each Stocl1holder of either Class A or Class B shares shall he entitled to one vote, either in person or by proxy, for each share of stock held by him. At all elections of directors each Stochholder of either Class A or Class B shares shall be entitled to as many votes as shall equal the number of shares of stock multiplied by the number of di- rectors to be elected, and he may cast all of such votes for a single director or may distribute them among the number to be voted for or any two or more of | them as he may see fit. FIFTH: The names and places Of residence of each of the original sub scribers to the capital stock and the number of shares subscribed for by each are as follows:
 Name, H. A. Black; residence 274 St Johns Place, Brooklyn, N. Y; number of shares Class B. s.
 Name, Alfred F. McCabe; residence, 19 Tompsins Place. Brooklyn. N. Y.; num- of shares. Class B, 1.
 Name, John R. Turner: residence, Basiking Ridge. N. J.; number of shares Class B, 1.
 SIXTH: The corporation is to have perpetual existence.
 SEVENTH: The private property of the stockholders shall not be subject to payment of corporate debts to any ex tent whatever
 EIGHTH: The following provisions for the regulation of the business and the conduct of the affairs of the corporation are hereby adopted:
 CD The number of dIectors shall be fixed from time to time by the bylaws In case of any vacancy in the Board of Directors through death or resignation or otherwise. the Board of Directors may elect 2, successor to hold office for tne uneNpired portion of the term of the di- rector whose office shall be vacant and until the election of a successor
 The bylaws may prescribe the number of directors necessary to constitute quorum, which number may be less than the majority of the whole number of di- rectors.
 In case of any increase in the Board of Directors, additional directors may be elected as provided by the bylaws at any meeting of the stockholders entitled to vote.
 CD As authorized by the Act of the Legislature of the State Of New Jersey, passed March 22, 1901, amending the seventeenth section of the Act Concern ing Corporations (Revision of 1S96), any action which requires the consent of the holders of two-t thirds (2-3) of the stock at any meeting, after notice to them giv- en or requiring their consent in writing to be filed. may be taken upon the con sent of and the consent given and filed by the holders of two-thirds (2-3) of the stock represented at such meeting, in person or by proxy.
 (3) The Board of Directors. by the affirmative vote of a majority of the whole Board, may appoint from the di- rectorS an Executive Committee; of which a majority shall constitute a quo rum; and to such extent as shall be provided in the bylaws, such committee may exercise all the powers of the Board including the power to cause the seal of the company to be affixed to any papers executed by it.
 CD The Board of Directors may ap-
  or more Assistant Treasurers. and one or more Assistant Secretaries; and to the extent provided in the bylaws, the per sons so appointed. respectively. shall have, and may exercise, all the powers of the President, Treasurer. and Secre- tarE, respectively.
 (5) In furthcrance and not in limita- ton of the powers conferred by statute. the Board of Directors is expressly au- thorized to make and alter the bylaws of the corporation, and to hold its meet ings either within or without the State of New Jersey. as it may from time to time determine.
 IN WITNESS WHEREOF. we have hereunto set cur hands and seals this 18th day of May. 1920.
 IT. 4. BLACK, (ScaD
 ALFRED F. McCABE. (SeaD
 JOHN k. TURNER, (SeaD STATE OF NEW JERSEY,
 COUNTY OF HUDSON-ss.
 BE TT REMEMBERED that nm fbis