The border vidette., 1922-04-22
ARTICLE III

quire, own, sell. lease, hire, rent. mort
 gage, pledge, exchange, breed and gen erally deal in horses. mules, cattle sheep, goats, swine and any and al
 other kinds or classes of livestock. Gnt
 livestock and farm products and by,
 Eprodncts; to buy and otherwise acquire
 own, lease, hire, rent, Sali, mortgage
 exchange, hypothecato and otherwise
 ! deal In farming, grazing and other
 lands, town and city lots. and ease
 ments, water and water-riehts: to buy 1 and otherwise acquire, own. exchange. lease, work, locate, develope, sell and contract for mines and mining lands. mineral rights, oil ana ER- lands, treat ing plants, buildings and all property : and, machinery appurtenBnt thert to: i to buy and otherwise acquire. own. : sell, mortgage. bYpothecRte and other wise deal in ali kinds of merchandise :: DIniutRin and conduct general merchan- disc stores. telephone and telegraph lines; to carry on a genera! packing house, cold storage and warehouse bus mess: to purchase, hold, sell, assign, transfer. mortgage. pledge and other wise dispose of shares of the capital stock Of, or any bonds, securities or
 evidences of indebtedness created by
 any ott or corporation or corporations:
 to incur debts and to loan, raise, bor
 row and secure the payment of money
 in any lawful nanper. including the
 executing Of prOmiSSOry notes and is
 suance md sale or other disposition of
 bonds, warrants, debeniures. obliga-
 tions, negotiable and transferable in
 struments and other evidences ot in
 deOteduess of all kinds whether secured
 by mortgage, pledge, deed of trust, or otherwise; 10 enter into, make perform and carry out contracts of every sort and kind; to acquire, own and hold such real and personal property as may be neceassary or con veniens for the transaction of tt e business of this cor rn nf Ina . iGT of the same, for the purpose Of attain ing or furthcriDg any of the objects of 1 this corporation. to do any and all ! other acts and things. and to exercise ! any and all power, which co partner i ship or natural person could lawfully 1 do and exercise, and which now or ! hereafter may be authorized by law. | Prov ided however, he foregoing clauses | and resitatiCns of objects shall be con strued both as objects and powers, but 1 no restriction. expression or declaration 1 of specific or special powers or purposes 1 herein enumerated shall be decreed to be exclusive. but 1t is hereby expressly 1 d eclared that ali other lawful powers not inconsistent herewith are hereby included.
 ARTICLE "
 The auth orized capital stock of this shall be Three Hundred (S300. 0G0 00) Dollars divided in to three hundred thousand (3G0 GOO shares of the par vaiuo of One {Sl -00) Dollar each.
 Of said shares one hundred and fifty thousand (I50, 0OOj thereof shall be com mon, and ono hund red and fifty thous- and (l5o 000l thereof shah be preferred stock. The terms, conditions, limita- lions and provisions npon which said preferred stock is to be issued are:
 CD The holders thereof shall be en- titled tH receive out of the net profits
 B E divided at the rate Of eight per cont 8 per ceni) per annum, payable at such periods ns the directors may determine, before any divide can be set apart or paid on the common stork for the period heretofore elapsed, and the erred stock, with accumulated eight 8 per cent) per cent dividends shall be , paid in fuli in preference to the com non stock. in the event of anj Equida ion or the company whether through insolvency or the termination Of it's ( corporate existence OF otherwise. The ( aid eight per cent dividends on said , preferred stock shall be cumulative. so , hat if for any period or periods the i ame can not safely be paid the right I bereOf shall accumulate as against the E ommon stock. and all arrears of said : dividends slid preferred stock so 1 f accumulated must be paid before divid- I ndS can be commenced Or resumed on C ne common stock. In any year after r 'aymcnt of dividends al the rate Of | iRht per cent per aunum on the pre- i 3rred stock, the holders of common a tock shall Oe entitled to all profits i. istributed as dividends, up to ten per a snt per anuum on their stock. ID Gpy Il Blendnr year when dlvid ends aggregat- lg ten per cent shall have been paid n the common stock. if any furtbcr iN idends to be declared the same shall s s distributed pro-rata between the si ,mnlon and preferred stock stock il 1'ders. c (2l The preferred stock Is issued to " od accepted by stock holders upon the n press understanding, and the right p hereby reserved to the Stockhol6er of " lis corporation, that these Articles of N may be amended in the Z' amer provided by law for increase of 'cierTcd stock and the directors oi i p Iis corporation may with the consent Ct
 any holder Of preferred stock retire IT le saTGc o t3f Said prefer, ed stock sEali have ai
 Il voting power at all meetings or ni oc6 holders 10 the same extent a5 com II on stock IL i4J At the option Of the holder of al " Of said preferred stock, the same ;'s ay at any IIme be exchanged for com T on stock of au eqnal amount. , Al such timo as the board Of direct oa a :, by resolution. shall direct said n, pital stock. common and preferred, , all be paid in to this corporation either Sr cash or by sale or transfer to the a~ operation of reat or personal proper Ct . contracts. leases. services, or any n'- o+ her valuable right or thing, for the %T 4, ,.,- r,I1-r1SaS nf this cnrnnrQtiOn jUI | w