The border vidette., 1932-10-01

drafts, warrants and all xmas Ul Onil-
cations and certificates and negotiable
ar transferable instruments.
(I To issue shares Of any class OF
the capital stock, bonds. debentures,
debenturc stock. notes and other Obli-
ga.ons of this corporation for cash, Or
labor done, for property. real or per
souGl, for leases thereof, or for any
com bination OF any Of the foregoing, or
in exchange for the stock, debentures,
debcnture stock, bonds, securities or
obligations OF any person. firm, asso-
citation, corporation or organization.
~ TO acquire, buy. purchase, lease,
| own, hold sell, NOR gage, cucumber or
J otherwise oeal 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 thereon works, plants. stores,
houses, buildings or structures OF any
nature whatsoever.
(D To purchase, hold, sell, exchange
or transfer shares OF its own capital
stock, bonds, debentur debenture
stock or other obligations from time to
time to such an extent and in such
manner and upon such terms as its
board Of 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 it's own capital stock be-
longing 10 this corporation shall not he
voted upon directly or indirectly.
tiny To have one or more offices; to
carry on any or all Of it's operations
aad 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 subdi-
vision or municipality thereof. subject
to the laws thereof.
ARTICLE w
Tho authorized amount OF capital
stock Of this corporation shall be Ono
Million Dollars Isl 900 900 00), divided
In to ten thousand t10,0OO) shares Of the
par value of One Hundred Dollars
IS 10000 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 bo permitted by law, and
when so issued, shall be deemed to be
fully paid and non-assessable.
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 transfer to it of real or personal
property, contracts, services or any
other valuable right or thing for the
nses and purposes of said corporation,
in payment for which shares of the
capital stock OF said corporation may
be issued and the capital stock 80 issu-
cd shall thereupon and thereby become
and be fully paid up and non
assessabe, and in the absence Of actual
fraud in the transaction. the Judgment
of the directors as to the vaiue 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 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
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 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
of the year 1888, and thereafter on the
| corresponding day of each calendar
year.
ARTICLE VII
The board of directors shall have
authority: To determine from time to
time whether and to what extent and
at what times and places and under
what conditions and regulations the
accounts and books OF this corporation
(other than the stock ledger or any Of
them. shall be open to inspection Of
stock holde ers, and no stock holder shall
have any right OF inspecting any &C
count. hook or document Of this COR
poration except as conferred by statute.
unless authorized by q resolution Of the
stock holders or directors.
To designate if the bylaws 80 pro.
vide, two or more of its number to
constitute an executive committee.
which com mittee shall for the time be-
| ing, as provided in said resolution. or
ia the bylaws Of this corporation.
have and exercise any or all of tho
powers of the board of directors in the
management of the business and affairs