The border vidette., 1932-12-03

discount, guarantee, execnte and issue
promissory nutes, bills OF exchange
drafts. warrants and all kinds Of obli.
cations and certificates and negotiable
or transferable instruments.
ii, To issue shares OF any class OF
the capital stock, bonds, debent lures
debenture stock, notes and other obi.
cations Of the corporation for cash, or
| labor done, for property, real or per
sonal, for leases thereof, or for any
ombination Of any OF the foregoing, or
! in exchange tor 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, encum ber 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.
(D 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 III 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 it's own
| capital stock when such use would
cause 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 uCOn directly or indirectly.
(m) To hare 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, 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 w
The authorized amount Of capital
stock of this corporation shalt be One
Million Dollars Isl 900 600 O0), divided
into ten thousand (l0O00) shares Of the
pnr value of One Hundred Dollars
(Sl0000) 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
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
uses and purposes OF said corporation,
in pay for which shares OF sthe
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 ths 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 q 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 DO altered and fixed from time
to time by the bylaws of the corpora.
ton, and in the manner and ubject 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 ut such time and place as
may be provided in by the by laws
then in force
Tho annual meeting for the election
VI utlOClOlS cubiA utSt nOlu VA tu0
third Monday of the month OF January
Of tho 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 aud 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 holders, and no stock holder shall
have any right Of inspecting any &C
count. book 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 40 pro-
vide. two or more OF its number to
constitute an executive committee.
which committee shall for the time be
ing, as provided in said resolution, or
in the bylaws OF this corporation,
y al nf fha