The border vidette., 1932-10-22

discount, guarantee, execute and issue
promissory nutes, bills OF exchange
drafts. warrants and all kinds Of obli.
cations and certificates and negotiable
or transferable Instruments.
Il, To issue shares Of any class OF
the capital stock, bonds. debentures,
debenture stock, notes and other obi.
cations OF this corporation for cash, or
labor done, for property, real or per
sonal, for leases thereof, or for any
combination OF any OF the foregoing, or
in exchange for the stock, debentures,
a..eeeuture stock, binds, securities or
Obligations OF any person, htn, 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 stu
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.
(l) To purchase, hold, sell, exchange
or transfer shares OF it's own capital
stock, bonds, debentures. debenture
6VOCh VI OUuCI OOIlk"VAOAS JIOlA OIuAO "
time to such an extent and in such
manner and upon such terms as its
board Of directors shall determine /;
povided thpt 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
cauee any impairment Of the capital Of
this corporation. end provided. further.
that shares of its own capital stock be-.
longing TO this corporation shall not he
voted upon directly or indirectly
tm) To have one or moro Offices; to
carry on any or all of its operations
and businesses; and without restriction
orlimit as to amount. to purchase. OK
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 ba One
Million Dollars Isl 600 coo OO), divided
into ten thousand tl0,0O0) shares OF the
par value of One Hundred Dollars
(SlO0.0O) 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
f1l n mid nd ,,np O. ocSn nh1o
At such time as the B)8rd Of Direct
ors may by resolution direct. said capi-
tai stock shall be paid into this cor.
poratiOn, eitherin cash or by the sale
and ransfer 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 pay yment 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 be fully paid up and non
asseasable, 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
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