The border vidette., 1932-12-17

discount, guarantee, execute nud issue
promissory notes, bills Of exchange
drafts, warrants and oil kinds Of ohli
cations and certificates and negotiable
or transferable instruments.
(ji To issue shares OF any class of
the capital stock, bonds. debentures,
debenture stock, notes and other obli-
cations Of this corporation for cash, or
labor done, for property, real or per.
sonal, for leases thereof, or for any
com bination Of any OF the foregoing, or
in exchange for the stock, debentures,
debenture stock, bonds, securities or
obligations OF any person, firm. asso-
citation, corporation or organization.
(k TO acquire, buy, purchase, lease,
own. hold, sell, mortgage, cucumber or
otherwise deal in both improved and
unimproved real estate wherever situ-
ate; to survey, subdivide, plat, colonize
and improve the same for the purpose
OF sale or otherwise, and to construct
and erect tnoreon works, plants. stores,
houses, buildings or structures of any
nature whatsoever.
() To purchase, hold, sell, exchange
or transfer shares OF it's own capital
stock, bonds, debentures. 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
use any OF the funds or the property
for the purchase of shares OF its own
capital stock when such use would
cause any impairment OF the capital OF
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, ex-
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 subdi
vision or municipality thereof, subject
to the laws thereof.
ARTICLE Nv
The authorized amount of capital
stOck OF this corporation shall be One
Million Dollars (Sl 600 600 O0), divided
into ten thousand 10000 shares OF the
par value Of One 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 In 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
fullv mid and MN n-QSsoocQhla
At such time as the Board of Direct
ors may by resolution direct, said capi-
tai stock shall be paid into this cor
poration, either in cash or by the sale
and tran sfer 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
capital 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
asseesable, and 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 v
The time OF the commencement OF
tho 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 cond ucted by a board of directors
and the following named persons shall
constitute the board of directors until
their successors are elected:
JAMES E CREIGHTON,
WAYNE HUBBS,
j. NORRIS.
Hereafter the number Of directors
equired 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, aud
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 be provided in by the by 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