The border vidette., 1932-11-05

cations and certificates and negotiable
or transferable Instruments.
Ii, To issue shares OF any class OF
the capital stock. bonds. debentures,
| debentnrn stock, notes and other obi.
cations OF this corporation for cash, or
labor done, for property, roal or per
sonal, FOR leases thereof, or for any
com mbinAtion Of any OF the foregoing, or
| in exchange FOR the stock, debcntures,
| debenture stock, b ,nd', securities or
| obligations OF any person, firm, asso-
citation, corporation or organization.
~ TO acquire, buy. purchase. lease,
own, hO'd. sell. NOR gage. cucumber or
!! otherwise oeal in both improved and
! unimpruved real estate wherever stu.
ate; to survey. subdivide. plat, colonize
and improve tho same fnr the purpose
OF aaie or otherwise, and to construct
and erect thereon works, plants, stores,
houses, buildings Or structures OF any
nature whatsoever.
(l) To purchase, hold, sell, exchange
| or transfer shares OF its own capital
stock, bonds, dtbentures. debenture
stock or other obligations from time to
! time to such an extent and in such
manner and upon such terms as its
board uf directors shall determine
povided that this corporation shall not
nse any OF the funds Or the property
for the purchase OF shares OF it's own
capital stock when such use would
cause any impairment OF the capital os
this corporation. and provided. further,
that shares of its own capital stock be-
longing TO this corporation shall not he
voted upon directly or indirectly.
TINY To have one or more offices; to
carry on any or all OF its operations
and businesses; and without restriction
or limit as to amount. to purchase, cx-
change, lease or otherwise acquire, hold
and own, and to mortgage, sell. convey,
let, or otherwise dispose OF real and
personal property OF every class and
description. In any state, territory, dis
trict, dependency Or country. or suhdi
vision or municipality thereof. subject
| to the laws thereof.
ARTICLE w
| The authorized amount OF capital
stock OF this corporation shall be One
Million Dollars (sl 600 COO OO), divided
into ten thousand tl0,000J shares Of the
par value of Que Hundred Dollars
| (SlO0.00) each.
From time to time the capital stock
| may be increased or decreased accord /.
ing to law, and may be issued Ia such
| amounts and proportions as shall be
determined by the board OF directors
| and as may be permitted by law. and
when so issued, shall be deemed to be
! fully paid and non -assessable.
A such time as the B)ard Of Direct
| ors may by resolution direct, said capt.
tai stock shall be paid into this cor
poration, either in cash or by the sale
and transfer to it of real or personal
property. contracts, services or any
other valuable right or thing for the
uses and purposes OF said corporation,
in payment for which shares of the
ca pital stock OF said corporation may
be issued and the capital stock so issu
ed shall thereupon and thereby become
and he fully paid up and non
assessRble, aud in the absence OF actual
fraud in the transaction. the Judgment
| of the directors as to the value of the
property purchased shall be conclusive,
ARTICLE
The time Of the commencement of
the corporation shall be the day these
Articles are filed in accordance with
law, and the termination thereof shall!
be twenty five years thereafter, with
privilege OF renewal as provided by
statute
ARTICLE vi
The affairs of this corporation shall
be conducted by q board of directors
and the following named persons shall
constitute the board of directors until
their successors are elected
JAMES u. CREIGHTON,
WAYNE HUBBS,
j. NORRIS.
Hereafter the number OF directors
required to constitute the board there
of may be altered and fixed from time
to time by the bylaws of the corpora.
ton, and in the manner and subject to
the limitations therein prescribed, and
they shall be elected at the annual
meeting of the stockholders called and
held for that purpose, and upon such
notice and at such time and place as
may bo provided in by the 10y laws
then in force
The annual meeting for the election
OF directors shall be first held on the
third Monday Of the month OF January
of the year 1888, and thereafter on the
CORES ponding day of each calenda ar
year.
ARTICLE VII
The board OF directors shall have
| authority: To determine from time 70
time whether and to what extent and
at what times and places and under
| what conditions and reg eeulati0ns the
accounts and books Of this corporation
(other than the stock ledger or any of
them, shall be open to inspection OF
stock holders, and no stock holder shall
have any right of inspecting any &C
count, book or document Of this cor
| poration except as conferred by statute.
ualess authorized by a resolution of the
stock holders or directors.
To designate If the bylaws so pro-
vide, two or more OF its number to
| constitute an executive committee.
which com mttee shall for the time be
ing, as provided in said resolution. Or
in the bylaws Of this corporation,
| have and exercise any or all of the
powers of the board of directors in the
management of the business and affairs
| Of this corporation and have power to