Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-06-08

as natural persons might or coul
! do and in any part of the world. a
principals, agents, contractors
( trustees, or otherwise, and eithe
F. alone or in company with Others
} To purchase, hold and reissu
= any of the shares Of its capita
stock.
In general, to carry on any othe
. business in connection Herewith
{ whether manufacturing or other
, wise, not forbidden by the laws 0
the state Of Delaware. and with al
the powers conferred upon corpo
: rations by the laws of the State o
Delaware.
FOURTH: The amount Of the to
tai authorized capital stock of thi
corporation is Three Million Dol
lars ($3,00O,000) divided into thre,
million shares, of the par value O
One Dollar ($1.00) each,
of said stock none shall be pre-
ferred stock, and three million
| shares shall be common stock,
The membership of the Boart
of Directors may be increased a
any special or regular meeting OF
the stockholders of the Corpora.
ton to a number not in excess OF
seven, the Board of Directors be.
ing given the right to elect from
| among the stockholders at any oil
it's meetings a Director or Direc.
tors. to fill any vacancies occur.
ring in the Board of Directors al
any time.
The amount of capital stock with
which this Corporation will COM
mence business is One Million five
hundred thousand dollars ($1, $780,
00O).
FIFTH: The names and places
of residence of each of the sub
scribers to the capital stock are as
follows:
Name .. Residence
j. j. dePraslin. Lake Charles,
Louisiana. aff
Margaret C. dePraslin. Lake
Charles, Louisiana.
J. B. Bailey, Dover, Delaware.
SIXTH: The existence of this
Corporation is to be perpetual.
SEVENTH: The private property
of the stockholders shall not be
subject to the payment of corpo-
rate debts TO any extent whatever.
FIGHTH: The Directors shall
have power to make and to alter
or amend the Bylaws; to fix the
amount to be reserved as working
capital, and to authorize and cause
to be executed, mortgages and liens
without limit as to amount upon
the property and franchises of this
Corporation.
With the consent in writing. and
pursuant to n vote of the holders
of fifty-one pcr cent of the capital
stock issued and outstanding. the
Directors shall have authority to
d;spose. in any manner. of the
whole property of this Corporation
The Rv-laws shall determine
whether and to what extent the ae-
counts and hooks of thie corpora
tion or any of them shall he omen
to the inspection OF the stockho1d-
ers. and no stakeholder shall have
any right of inspecting anv account
or book or document of this Cor
poration. except as conferred by
law or the Bylaws, or by resolu-
ton of the stockholders.
Tbo stookbo1dors mud dirootors
.eball bovo noyor 70 bo1d tboir
r7entinps and knon the hooks doc
un,ontg and naners If tho cornora-
lion onteido of Tho stato Of nola-
waro Of s,ch nlacos nc NAV bo
from limo 10 ti,oo designated nv
tbo pv-lnwe or Nv reeoI,,tion ~
tho etockboIders ~, directors
Ihe directors shall nave power
by a resolution passed by a ma
Jorlty vote or cine, Whoie) Board,
under suitable provision OF the by.
laws, 10 designate TWO OF more Oh
thelf NUMBER 10 constitute an IN
ecutive committee, winch Commit
tee snail Tor the tine being, as
provided In said resolution. Or IN
the By-!aWs, nave ana exercise any
or al the powers OF the Board OF
directors Whlch may be lawfully
delegated IN the management OF
the business ana altalrs or theI
Company and snail have power to
authorize the seal OF the SAID
Company 10 be attiXed TO all pa
pers ,Whlch may require IT,
rms corporation reserves iTe
right TO amend AFTER chahse or
repeal any provision contained IN
in the manner now or hereafter
prescribed py the statutes OF the
state OF Delaware, ana all rights