The border vidette., 1932-11-19

discount. guarantee, execnte and Issue
pr0missory notes, bills Of exchange
drafts. warrants and all kinds of obii-
cations and certificates and negotiable
or transferable Instruments.
i, To issue shares OF any class OF
the capital stock. bonds. debentures,
debentnrc stock, notes and other Obli-
cations of this corporation for cash, or
labor dono, 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,
debonture stock, bonds, securities or
obligations Of any person. firm, asso.
| citation, corporation or organization.
TX 10 acquire, buy, purchase, lease,
own, hold. sell, mortgage, cucumber OF
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 thereon works. plants. stores,
houses, buildings or structures OF any
nature whatsoever.
(N To purchase, hold, sell, exchange
| or transfer shares OF its 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 Of directors shall determine; !;
povided that this corporation shall not
use any Of the funds or the property
| for tho purchase OF shares OF its own
capital stock when such use would
cause any impairment Of the capital OF
| this corporation. end provided. further.
! that shares OF it's own capital stock be-
longing TO this corporation shall not he
voted upon directly or indirectly
lm) 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 (S1 600 600 COY, divided
into ten thousand .OO0) shares OF the
par value OF One Hundred Dollars
iSl00.00) each.
From time to time the capital stock
may be increased or decreased accord.
ling to law, and may be issued Ia such
amounts and proportions as shall be
determined by the board of directors
aud as may be permitted by law, and
when 80 issued, shall be deemed to be
fnilU maid and MN q = cQhJa
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 il 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 tho
capital stock of said corporation may
be issued and the capital stock so issu-
ed ehall thereupon and thereby become
and he fully paid up and non
asseesable, 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 v
The time OF the commencement of
the corporation shall be the day these
Articles are fled in accord ance with
law, and the termination thereof shall
be twenty Eve 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, ard
they shall .bo elected 1T the annual
meeting Of the stockholders called and
held for that purpose. and upon such
notice and Rt such time and place as
may DO provided in by the by laws
then in force
The annual meeting for the election
OI uIT0CCOFS Sudll 10 lTSI u0lu OIl Cu9
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
ut what times and places and under
what conditions and regulations the
accounts aud 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
pQration except as conferred by statute.
unless authorized by 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 comm mmittee shall for the time be.
ing. rs provided In scid resolution. or
in the bylaws OF this corporation,