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<br />..,/ <br /> <br />manage the affairs thereof for the first year of its eXistan?e, <br />and untill thei: successor~ shall have been elected and qual~f~ed, <br /> <br />are: Guy Winner, ..R.Young, Wayne II.Escheman,A.M,Weaver, and' <br /> <br />Wm,L.Thompson. <br /> <br />Article V. Powers of BOAnD OF DIRECTORS <br /> <br />In the management of the affairs and business of' said <br /> <br /> <br />corporation:,phe Board of Directors are hereby given and shall <br /> <br /> <br />have authorHY,without prejudice to or in derogation of any <br /> <br /> <br />, general powers,under these a~ticles of incorporation or the <br /> <br /> <br />statutes of the State of Colorado, as follows: <br />, . <br /> <br />, Seotion 1. to manage,conduct and transact <br />the bu~iness of said corporation,insuch manner and upon <br />such conditions as they may deem necessarY,expedient and <br />advantageous to the corporation. <br /> <br />Section 2. ~o do any and all acts and things <br />neceaary to carry into effect the powers speoified <br />in these articles. <br /> <br />Seotion 3,. To make ,and thereadter to alter or <br />to amend such by-laws as they, may deem proper and <br />necessary for the management,conduct and control'of the <br />affair,s; businesl? and property of the corporation, not ' <br />however',inoonsis1:,ent with the provisions of these articles, <br />or the laws of Colorado. <br /> <br />Section 4. The Board of Directors may hold <br />regular or special meeting at any place or point in the <br />State of Colorado which may be deoided upon by said Board. <br /> <br />ARTIOLE VI. OFFICE AND PLAOE OF BUSINESS. <br /> <br />The principal business of said corporation shall be <br /> <br /> <br />carried on in the Oounties of Oostilla and Alamosa, in the State <br /> <br /> <br />of Colorado: The principal office for the transaction of said <br /> <br /> <br />business shall be kept in Blanca,Costilla Oounty, Oolorado; <br /> <br /> <br />and an office, of the Company maY,at the discretion of the Board <br /> <br /> <br />of Directors,be kept at any locality orpplave in the State of <br /> <br /> <br />"lorado. <br /> <br />.. <br /> <br />x.. <br /> <br />-4- <br />