Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1922-06-30
f. H. Porter. .170 100000

F. H, Porter. ITO 10000
$51, 000.C
The postoffice address of eacl
of the incorporators is as follows
Name Address
G. A. Porter. Charleston, w. Va.
G, e. Breeze. Albuquerque, N. NJ
F. II. Porter. Charleston, w. Va.
Term of Existence.
6. The term of existence of thi
corporation is fixed at 40 year
from the date hereof.
The business of the corporation
shall be managed by a board of di
rectors consisting of seven in mum
Der. but the number of director
may be enlarged or diminished b,
the stockholders at any regular o.
special meeting called for such pur
| pose or in accordance with the by
laws Of the company.
The names of the directors O.
this company who shall manage it
affairs for the first three months
after the incorporation, and unit
their successors are duly elected
and qualified are:
G. A. Porter. Charleston. Yves
Virginia.;
F. H. Porter Charleston, Yves
Virginia;
Isaac Lowenstein. Charleston
West Virginia.
w. A. Mac Corkle. Charleston
West Virginia.
M. M. Williamson. Charleston
West Virginia.
Angus Mcdonald, Charleston
West Virginia.
G.. E. Breeze, Albuquerque. New
Mexico.
Limitation on Stockholders Power
to Examine Stock and
Transfer Books.
7. The corporation shall keep
at its registered office in this state
the transfer books. in which the
transfers of stock shall be regis
tered, and the stock books, which
shall contain the names and adj
dresses of the stockholders and the
number of shares held by them re-
spectively, which shall at all times
during the usual hours for business
be open to the inspection of a
stakeholder in person with respect
to his interest as such stakeholder,
or for a purpose termane to his
status as such, upon application in
writing to the registered agent of
the corporation in charge of such
office and having the custody of
said books; but the registered agent
may refuse permission to any
stakeholder to examine the same
Except as to the entries affecting
the shares owned by such stock
holder), unless and until satisfied
that such examination and the in
formation to be acquire thereby
are for a legitimate purpose and
not for a purpose hostile to the
interests of the corporation or its
individual stockholders, and the
determination of the registered
agent shall be linal. conclusive and
binding upon all stockholders and
all persons claiming under such
stockholders.
Regulations Respecting Directors.
s. In furtherance and not in lin
itation of the powers conferred by
statute, the board of directors are
expressly authorized:
To hold their meetings. to have
one or more offices, and to keep
the books of the corporation within,
or except as otherwise provided by
statute, without the state of New
Mexico, at such places as may,
from time to time, be designated by
them.
To determine. from time to time,
whether, and. if allowed under
what conditions and regulations the
accounts and books of the corpora
ton shall be open to the inspection
of the stockholders. and the stock
holders rights in this respect are
and shall be restricted or limited
accordingly, and no stakeholder
shall have any right to inspect any
account or book or document OF the
except as conferred BY
statute or authorized by the board
of directors or by q resolution OF
the stockholders.
To make, alter amend, and re-
scind the bylaws or the corpora
ton, to fix. determine, from time
to time and vary the amount TO be
reserved as working capital, TO de-
termine the times for the declara-
ton and payment and the amount
of each dividend on the stock. 10
determine and direct the use ana
disposition of any surplus or net
profits, and to authorize and cause
TO be executed mortgages and liens
upon the rear and personal prop
erty of the corporation. provided
always that a majority of the whole
board concur therein.
To appoint additional officers OF
the corporation, including one or
more presidents. one or more
assistant treasurers. and one or
more assistant secretaries; and, to-
the extent provided in the bylaws,
the persons so appointed shall nave
and may exercise all the powers of
the president, of the treasurer and
of the secretary respectively. pro-
vided however, that all vice-presi-
dents shall be chosen from the
directors.
By a resolution passed by a ma
iority vote of the whole board. un-
der suitable provision of the BY
laws to designate two or more OF
their number to constitute an exc
cutive committee. which commit
fee shall, for the time being, as
provided in said resolution, or In
The bylaws, have and exercise any
Or ali the powers of the board OF
directors, which NAV be lawfully
delegated, in the management OF
he business and affairs of the cor
poration, and shall have power 10
authorize the seal of the corpora
lion to be affixed to all papers
which may require it.
The board of directors and the
Executive committee shall. except
"a otherwise provided by law, have
,ower to act in the following man
ner. viz. a resolution in writing,
signed as affirmatively approved
Nv all the members Of the board OF
directors or by all the members OF
he executive or other committee,
and thereafter with original or
With duplicated signatures inserted
n the recorded minutes and prop
,r,v dated. shall be deemed to pc
ction by such board or such COM
nittee. as the case may be. TO the
sytent therein expressed, with the
n me force and effect as If the same
80 hoon durv uassed by the same |