The border vidette., 1928-07-14

tOmobiles, and motor vehicles of all
kinds and descriptions whatsoever, and
to carry on any trade or business Incl
dental thereto or connected herewith
To manufacture, bny, sell and deal
In all kinds of motors, engines, me-
chanisms, and devices operated by
steam, electricity. internal combustion.
and other forces or applications OF
power.
To manufacture, deal In, sell, operate,
and let for hire automobiles, motor
cycles, and motor vehicles and supplies
and fittings therefor of every kind,
nature and description.
To erect, lease, or otherwise acquire,
and to maintain and operate. garage
or garages for the storing, caring for,
and repairing of automobiles and mo-
tor vehicles Of every kind, nature, and
description.
To make and sell parts. supplies. bat
teries, and accessories useful with and
in connection with the use of motor
cars, and vehicles; to store, clean, and
repair automobiles and motor vehicles,
and to replace their parts, and TO do all
other things incidental to the business
|
shop, or profitable in connection there.
with.
To purchase or otherwise acquire,
and to own, develop, sell, mortagage,
or otherwise dispose OF real estate. real
property and all interests and righ ts
therein, without limit or amount and
to the same extent as natural persons
might or could do, and in any part of
| the world
To conduct any carry on any other
business. manufacturing or otherwise,
which may be capable of being profit
ably carried on in connection with the
Company business, or to carry on any
business that is adapted directly or in.
directly to add TO the value of the
Company's property and the profits of
its authorized business.
To promote or to aid in any manner,
financially or otherwise. any corpora
| ton or association of which any stocks,
! bonds, or other evidences of indebted
ness or securities are held directly or
indirectly by this corporation; and for
this purpose to guarantee the con-
tracts. divid ends. stocks, bonds, notes,
and other obligations of such other
corporations or associations; and to do
protect, preserve, improve or enhance
the value OF such stocks. bonds, or
evidences of Indebtedness or securities
To borrow and lend money; to make
and Issue notes. bills, bonds, deben-
lures, and other evidences of Indebted.
ness OF all kinds, and to secure the
same by pledge, mortgage or other
wise, without limit as to amount, and
to provide for payment Of the same by
deposited cash, sinking funds, or other.
wise.
The corporation may utilize and ap
ply it's surplus earnings Or profits au.
thorized by law to be so reserved, to
the purchase or acquisition of its own
capital stock, from time to time, and il
such manner as may be legal and equi.
table as to other stock holders, and up
on such terms as it's Board OF Directors
shall determine.
To hold, purchase, ~or otherwise ac-
quire, and to sell, assign, transfer
mortgage. pledge, or otherwise dis
pose of. shares of the capital stock and
securities created by any other COR
poration or corporations, and while
the holder thereof to exercise all the
privileges of ownership including the
right to vote thereon.
To do any or all the things in these
articles set forth as objects. purposes
powers, or otherwise. to the same ex-
tent and as fully as natural persons
might or could do, and in any part O
the world, as principals, agents, trus-
tees, or otherwise.
ARTICLE Nv
The authorized amount of capita
stock of this corporation shall be Fifty
Thou sand and no-l00 1850, 900 0O) Dol
lars. divided into two thousand five
hundred (2500) shares of common stock
of the par value of Ten and no. l0(
| (s1O O0j Dollars each. and two hundred
fifty (250) shares OF preferred stock O.
the par value of One Hundred anG
no-100 ($l00 00) Dollars each. Al
such times as the Board of Directors
may, by resolution, direct. said capita
stock shall be paid into this corpora
ton in cash only, for which shares ol
the common or preferred capital stock
of said corporation may be issued, and
the capital stock so issued shall there
upon and thereby become and be fully
paid up and nom assessab forever.
Said preferred stock shall entitle the
holder thereof to receive out OF the net
earnings, and the company shall be
bound to pay fixed yearly cumulative
dividend of eight per centum e pei
cent). but no more, payable quarterly,
at such times as may be provided for
by the bylaws, before any dividend
shall be set apart or paid on the com
mon stock. The holders of the prefer
red stock shall. in case of litigation. OF