Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-03-31

sary, suitable and proper for the
! accomplishment of any of the pur-
/ poses or the attainment of any of
the objects or the furtherance of
J any of the powers hereinbefore set
! forth, either alone or in association
with other corporations. firms or
individuals, and to do every other
act or acts, thing or things Incl
| dental or appurtenant to or grow
| ing out Of or connected with the
aforesaid business or powers or any
part or parts thereof, provided the
same be not inconsistent with the
laws under which this corporation
is organized;
| To acquire by purchase, sub
! Scription or otherwise. and to hold
| for investment or otherwise and to
use SELL assign transfer, mortgage,
/ pledge or otherwise deal with or
| dispose of stocks, bonds or any
| other obligations or securities of
any corporation or corporations; to
merge or consolidate with any cor
! poration in such manner az may be
| permitted by law; to aid in any
manner any corporation whose
| stock, bonds or other obligations
are held or in any manner guaran-
/ teed by the company. or in which
! the company IS in any way inter-
ested; and to do any other acts or
things for the preservation, pro-
| lection, Improvement or enhance
ment of the value of any such
| stock, bonds or other obligations,
| Or to do any acts or things design
| ed for any such purpose; and while
owner of any such stock, bonds,
or other obligations to exercise an
| the rights, powers and privileges of
| ownership thereof, and to exercise
any and all voting powers thereon;
| 10 guarantee the payment Of diVi-
bends upon any stock. or the prin-
cipal or interest or both of any
bonds or other obligations, and the
performance of any contracts;
The business or purpose of the
company is from time TO time to do
any one or more of the acts and
things hereinabove set forth, and
it shall have power to conduct and
carry on its said business, or any
part thereof, and to have one or
more offices, and to exercise all or
any of its corporate powers and
rights, in the state of Delaware, and
in the various other states, terri
tories, colonies and dependencies
of the United States. in the District
of Columbia, and in all or any for
eign countries.
4. The total number of shares
which may be issued by the cor
poration is One Thousand 10000,
all of which shall have no nominal
or par value. The corporation will
commence business with Ten QO)
shares.
without action by the stockhOld-
ers, the shares of stock without par
value may be issued by the corpo-
ration from time to time for such
consideration as may be fixed from
time to time by the board of direct
ors thereof, and any and all such
shares so issued, the full considera-
ton, for which has been paid or
delivered shall be deemed full paid
stock and not liable to any further
call or assessment thereon, and the
holder of such shares shall not be
liable for any further payment
thereon.
5. The names and places of res
idence of each of the original sub
scribers to the capital stock and the
number of shares subscribed for
by each are as follows;
Samuel b. Howard. No. 65 Cedar
street, New York City; 4 shares.
George v. Reilly. No. 65 Cedar
street, New York City: 8 shares.
Harry c. Hand, No. 65 Cedar
street, New York City; shares.
6. The corporation is to have
perpetual existence.
Z. The private property of the
stockholders shall not be subject to
the payment of corporate debts to
any extent whatever.
8. The number of directors OF
the corporation shall be fixed and
may be altered from time to time
as may be provided in the bylaws.
In case of any increase in the num-
Der of directors, the additional di-
rectors may be elected by the di-
rectors or by the stockholders at an
annual or special meeting, as shall
be provided in the bylaws.
The directors from time to time
may determine whether and to
what extent, and at what times and
places and under what conditions
and regulations, the accounts and
books of the company (other than
the stock ledger, or any of them,
shall be open to the inspection of
the stockholders; and no stock
holder shall have any right to in
speCt any account or book or docu-
Ap
pressly so authorized by statute or
by a resolution of the stockholders
or the directors.
The directors In their discretion
may submit any contract or act for
approval or ratification at any an
nual meeting of the stockholders or
at any meeting of the stockholders
called for the purpose of consider
ing any such act or contract, and
any contract or act that shall be
approved or be ratified by the vote
of the holders of a majority of the
capital stock of the company which
is represented in person or by
proxy at such meeting (provided
that a lawful quorum of stockhold-
ers be there represented in person
or by proxy shall be as valid and
as binding upon the corporation
and upon all the stockholders, as
though it had been approved or
ratified by every stockholder of
the corporation, whether or not the
contract or act would otherwise be
open to legal attack because OF
directors interest. or for any other
reason.
The directors shall also have
power, without the assent or vote
of the stockholders, to make and
alter bylaws of the corporation;
to fix the times for the declaration
and payment of dividends; to fix
and vary the amount to be reserved
as working capital; to authorize
and cause to be executed mort
cages and liens upon all the prop
erty of the corporation. or any part
thereof.
The directors shall also have
! in