The Devils Lake world and inter-ocean. (Devils Lake, N.D.) 1915-1920, 1918-02-07

TUE DN
deal in goods, wares, merchandise and
property Of every class and descrip-
ton
tc) To purchase, lease, OF other
wise acquire and dispose Of all kinds
Of personal and real property which
the corporation may deem necessary
convenient for the purpose of its
business.
5(d) To buy, sell, own, lease, trans.
fer, assign, improve, exchange, or
acquire and dispose Of all
bills drafts, notes, bonds, mortgages,
stocks and all other commercial paper
and securities, whether negotiable or
non-negotiable, Of corporations and
individuals.
(e) To endorse and guarantee pay
ment Of bills, drafts, notes, bonds,
mortgages, stocks, and all other Kinds
Of commercial paper and securities.
secured and unsecured, whether nego-
table or non-negotiable, of corpora
tions and individuals.
() To make loans with or with
security upon personal or real prop
erty, and to invest all the funds of the
corporation in any way deemed adj
visable by the board of directors.
(g) To borrow money, give its nee
essary %pronissory note, or notes, to
issue bonds and other evidences Of in
debtedness for the purpose Of secur-
ing funds for corporate purposes, and
to secure the payment of the same by
mortgage, pledge, o deed Of trust up
on the whole or any part Of the real
and personal property Of the corpora
ton.
(h) To purchase its own capital
stock, and to subscribe for, purchase
or otherwise acquire and to hold with
the same rights of ownership therein
as may be permitted to natural per-
sons, the shares of stock, bonds, and
obligations of other corporations.
G) To sell, transfer, assign, mort
gage, convey, or otherwise dispose Of
all the property and assets Of the cor
poration, on such terms and condi-
ton as the directors shall prescribe,
whether for cash or property or stocks
and bonds in other corporations.
G) To act as general agent for
individuals and corporations and to
do any and all other things, and to
carry out any and all kinds and class
es of business that q natural person
may carry on in the state Of North
Dakota or elsewhere.
(k) To carry on educational worn
or propaganda along all lines deemed
by the board Of directors to be in the
interest of or beneficial to the pro
ducers and consumers Of this nation
and to assist farmers organization:
for the. promotion of the economic
educational or political welfare Of thu
EE@-E- n-.'
producers and consumers Of this ma
ton.
az To aid and assist the produc
ers and consumers of this nation il
educating themselves to efficient co
operative buying and selling, and t
assist in making democracy a real fac
tor in u political and economic life.
Article 3-The principal place o
transacting the business Of this cor
poration, shall be in the City Of Far
go, county. Of Cass, state of Nortl
Dakota, but it may have branch Of
fees within and without the state, an
do business in any state or territor.
Of the United States, OF foreign coun
TRY. The postoffice address Of tn
business office shall be Fargo, Mort
Dakota.
Article4-The term for which tni
corporation is to exist shall consist, Q
twenty years from and after the dat
Of its. incorporation.
Article 5--The. capital stock Of thi
Incorporation shall consist Of ten thou
sand dollars ($10,000) to be divide
into n hundred shares (1o0)eof. tn
par value Of one hundred dollar
($1oo) each.
Article .6-No dividend shall eve
be paid up, and then not to excee
ten. per cent in any one. year. Tn
balance Of the surplus profits and nc
earnings shall be used in the discre
ton Of the directors in carrying on
the purposes and objects above emu
Grated and especially in carrying on
the purposes and. objects enurnerate
in sections X and l in Article 2.
4 r+;c1o THE number of director