The Winslow mail., 1925-01-23
CERTIFICATE OF INCORPORATION
OF j. C. PENNEY COMPANY
Article /.
Article /.
NAME-The name of this corpora
+iOn ic n PENNEY COMPANY

NAME-The name or TINS corpora
ton is ]. C. PENNEY COMPANY.
Article III.
PRINCIPAL OFFICE-Its principal
office in the State of Delaware is To-
Gated at No. West Tenth street, in
the City of Wilmington, County of New
Castle. The name and address OF its
resident agent is the Corporation
Trust Company of America, N. West
Tenth street, Wilmington, Delaware.
Article Ill.
PURPOSES-The nature of the busi-
ness, or objects or purposes proposed
to be transacted, promoted or carried
on are:
To establish, maintain, conduct and
carry on a general merchandising
business, and to manufacture, buy,
acquire, own, lease, sell, import, ex-
port or otherwise deal in, either at
wholesale or retail, either as principal
or as agent, for others or on commits
sion, either upon consignment or
otherwise, generally, goods, wares,
commodities, merchandise, live stock
and property of every class, name,
nature and description, both within
and without the State of Delaware,
and elsewhere in the United States,
it's territorities, districts, colonies and
possessions, and in any foreign coun-
tries, without restriction.
To establish and maintain stores,
wherein all such goods, wares, mer-
chandise, commodities, live stock and
other tangible property of any and all
kinds, will or may be kept for sale,
lease or disposition, or other dealings
may be had with relation thereto;
and in which stores there will or may
be Shops. booths, counters, refresh
ment, rest and other rooms and places
set apart for the carrying on and con-
duct of any and all kinds of trades,
occupations, vocations, pursuits, arts
and crafts, either by the corporation
as principal or as agent, or by its
lessees of licensees, as may be lawful
where carried on or conducted.
To lease, let or demise sections,
rooms, parts or portions of such store
or stores to such individuals, firms,
associations or corporations, who will
or may use and occupy the same for
one or more of the purposes afore-
said.
To take, lease, purchase, acquire,
own, improve, mortgage, sell and con-
vey real estate, for the purposes OF
said business and for any other law
full purpose whatever in connection
with the aforesaid business or Incl
dental thereto.
To guarantee, purchase, acquire, re-
ceive, hold, own, sell, mortgage, pledge
or otherwise dispose of notes, bonds,
-%~ror OF
shares of capital stock and other Sc
curities, obligations, contracts and
evidences of Indebtedness of any other
corporation whatever; and to receive,
collect and dispose of interest, d1vl-
dends and income upon and from any
and all notes, bonds, mortgages, trust
deeds, debentures, shares Of capital
stock, securities, obligations, contracts
evidences of Indebtedness and other
personal property held or owned by
it and to exercise in respect to all
such notes, bonds, mortgages, trust
deeds, debentures, shares OF capital
stock, obligations, contracts, evidences
of indebtedness and other property,
all the rights, powers and privileges
that are usually accorded to individual
owners of like property, including the
right to vote upon the shares of capt.
tai stock so held by it.
And this corporation shall have
power to purchase, acquire, use, rent,
lease, own, held, improve, hypothecate,
mortgage, sell or convey, and other
wise deal in and dispose of property
of all kinds, both real and personal,
inclusive of Letters Patent of the
United States and (or) foreign coun-
tries, patent-rights, licenses, privl-
leges, inventions, franchises, improve
ments, processes, copyrights, trade
marks, and trade names relating TO
or useful in connection with the busl-
ness of this corporation.
And this corporation shall also have
power to buy, own, acquire, hold, sell
and dispose of its own capital stock,
provided it shall not use it's funds or
property for the purchase of it's own
shares of capital stock when such
use would cause any impairment Ot
it's capital, and provided further, that
shares of it's own capital stock be-
longing to it shall not be voted upon
directly or indirectly, and to issue its
notes, bonds, debentures or obligations:
from time to time for any of the OBJ
jects or purposes of the corporation
and to secure same by mortgage
pledge, deed of trust or otherwise.
To conduct it's business in all its
branches and to have one or more
places of business and business offices
and, without restriction or limit as
to amount, to contract, buy, acquire
operate, hold, improve, sell, lease, let
mortgage, convey and otherwise deal
in and dispose of factories, stores
company's buildings, machinery and
such real and personal property in
the United States, its territories, dis
tricts and colonies and possessions
and in any foreign countries, without
restriction, which shall from time tC
time be found necessary, expedient OF
convenient for the purpose of the cor
poration's business.