The border vidette., 1932-09-24

discount, guarantee, execute and issue
promissory notes, bills of exchange
drafts. warrants and all kinds Of ohli-
cations and certificates and negotiable
or transferable Instruments.
q, To issue shares of any class OF
the capital stock. bonds. debentures,
dehenture stock, notes and other Obli-
cations of this corporation for cash, or
labor done, for property, real or per
soual, for leases thereof, or for any
com bination of any OF the foregoing, or
ia exchange for the stock, debentures,
debonture stock, bonds, securities or
obligations of any person, firm, asso.
citation. corporation or organization.
W) TO acquire, buy, purchase, lease,
own, hold, sell. mortgage, enoumbe Or
otherwise deal in both improved and
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.
() To purchase, hold, sell, exchange
or transfer shares OF it's own capital
stock, bonds, deben lures. debenture
stock or other obligations from time to
time to such an extent and in such
manner and upon such terms as Its
board IF directors shall determine !;
povided that this corporation shall not
use any OF the funds or the property
for the purchase Of shares Of it's own
capital stock when such use would
cauee 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 uron directly or indirectly
tm) To have one or more Offices; to
carry on any or all of it's operations
aud 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 CT every class and
description In any state, territory, dis
triot, 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 ISL 600 600 COY, divided
into ten thousand 100000 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
f,,11 n6
At such time as the Board 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
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 be 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
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.