The border vidette., 1922-04-08
ARTICLE III

T poratlon Is, to buy and otherwise ac- i 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 all | otht r kinds or classes of livestock and i livestock and farm products and by 1 products; to buy and otherwise acquire, own. lease, hire, rent, sell. mortgage. | exchange, hypothecate and otherwise l deal in farming, grazing and other lands, town and city lots, and case l ments, water and water rights; to buy and otherwise acquire, own, exchange, lease, work, locate, develope, sell and contract for mines and mining lands, mineral rig hts, oil ana Pas lands, treat ing plants, buildings and all property to buy and otherwise acquire, own. sell, mortgage, hYpothecate and other wise deal in all kinds of merch lndise :; main tain and conduct general merchan- disc stores. telephone and telegra ph lines; t. carry on general packing house, cold storage and warehouse bus mess; to purchase, hold, sell. assign, transfer. mortgage pledge and other wise dispose of shares of the ca Dital stock Of, or any bonds, securities or evidences Of Indebtedness created by any other corporation or corporations: to incur debts and to loan, raise, bor- row and secure the payment of money in any lawful manper, including the executing of promissory notes and is- suance and sale or other disposition Of bonds, warrants, deben:ures. obliga- tIons, negotiable and transferable in struments and other evidences of in debtedness of all kinds whether secured by mortgage, pledge. decd of trust, or otherwise: to 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 DeceRssary or convenient for the transaction Of tt 0 business of this cor poration; to sell and otherwise dispose of the same, for the purpose of attain ing or furthering any of the objects Of this corporation. to do any and all other acts and things. and to exercise any and all power, which co partner ship or Datural person could lawfully do and exercise, and which DOW or hereafter may be authorized by law. Provided however, the foregoing clauses and resitations Of objects shall be con strued both as objects and powers, but no restriction. expression or declaration of specific or special powers or purposes herein enumerated shall be decreed to be exclusive, but it is hereby expressly declared that all other lawful powers not inconsistent herewith are hereby included.
 ARTICLE "
 The auth orized capital stock of this corporation shail be Three Hu1 red Thousand $500 eco. OO) Dollars, divided into three hundred thousand (3CO .G00) shares of the par value of One (Sl. .O0) Dollar each.
 Of said shares one hundred and fifty thousand (l5O 000i thereof shall be com- mon, and one hundred and fifty thous- and Q59 000l thereof shall be preferred stock The terms, conditions, limita rions and provisions upon which said preferred stock is to be issued are:
 
 titled to receive out of the net profits of the corporation a fixed minimum divided at the rate of eight per cent IS per cenD per arnum, payable at such periods as the directors may determine, before any divid erd can be set apart or paid oa the common Stork for tic period heretofore elapsed, and the principal or par value of the said pre- ferred stock, with accumulated eight (S per cent) per cent divide ends shall be paid in full in preference to the com mon stock, iu the event of any Eq hid a- insolvency CT tho terminatiOn Of it's corporate existence or otherwise. The said eight per ceGt dividends on said preferred stock shall be cumulative, so that if for any period or periods the same can not safely be paid the right thereof shall accumulate as against the common stock, and all arrears of said dividends on said preferred stock so accunl ulatcd must be paid before divid- ends can be commenced or resumed on the common stock. In any year after payment of dividends at the rate of eight per cent per annum on the pre- ferred stock, the holders of common stock shall be entitled to all profits distributed as dividends, up to ten per cent per annum on their stock. Ip any calendar year when divide lends aggregat- ing ten per cent shall Have been paid ou the common stock, if any further dividends to be declared the same shall be distributed pro-rata between the common and preferred stock stock holders
 (2) The preferred stock is issued to and accepted by stock h old CTS upon the is hereby reserved to the stock hold CT of this corporation, that these Articles of Incorporation may be amended in the manner provided by law for increase of preferred stock and the directors oi this corporation may with the consent of any holder of preferred stock retire the same
 (3) Said preferred stock shall have full voting power at all meetings of stock old ers to the same extent as com mon stock
 CD At the option of the holder of any ot said preferred stock. the same may at any time be eXchan ged for com mon stock of an equal amount.
 At such time as the board of direct ors, by resolution, shall direct said capital stock. common and preferred, shall be paid into this corporation either in cash or by sale or transfer to the corporation of real or personal proper