The border vidette., 1932-07-30

discount, guarantee, execnte snd issue
prOmissOry notes, bills OF exchange
drafts. warrants and ali kinds Of obN.
cations and certificates and negotiable
or transferable Instruments.
G. To issue shares ct any c'as5 OF
the capital stock, bonds debentures,
deheuturn stock, noses and other obi.
cations Of this corporation for cash, or
labor done, for property, rea! or per
sonal, for leases thereof or for any
com bination of any OF the foreg ing, or
in exchange'for the stock debeniures,
debenture stock, b,nh', securities or
obligations OF any person, firm. asso-
ciatiOn, corporation or organization.
(k) TO acquire, buy. purchase, lease,
own, hold, sell. NOR gage. cucumber or
otherwise 6eal in both improved aud
unimproved real estate wherever stu
ate; to survey, subdiv,de, plat. colonize
and improve the sblIe FOR the purpose
OF Raie or otherwise, aud to construct
aud erect tnoreon works. plants stores,
houses. buildings or structures OF any
nature whatsoever.
(l) To purchase, hold, cell, exchange
or transfer shares OF its own capital
stock, bonds, debentures, debenture
stock or other obligations from time to
time to such an extent aud In such
manner and upon snch terms as It's
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 o:
this corporation, end provided. usther,
that shares OF its own capital stock be-
longing TO this corporation shall not he
voted uron directly Or Indirectly
(m) To have one or more Offices; to
carry on any or all of it's operations
and businesses; and without restriction
or limit as to amount. to purchase, cx-
change. lease or otherwise acquire, bold
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 Isl 600 coo O0), divided
into ten thousand (l0,0O0l shares OF the
par value OF One Hundred Dollars
(SlOO.0O) each.
From time to time the capital stock
may be increased or decreased accord
ing to law, and may be issued Ia snch
determined by the board Of directors
and as may be permitted by law, and
when 80 issued, shall be deemed to be
f,j1U pai1 n6 nan ooS hio
At such time as the Board of Direct
ors may by resolution direct, said capt.
tai stock shall be paid into this cor.
poraton. 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 DO fully paid up and non
asseesable, and in the absence OF actual
| fraud in the transaction. the judgment
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 calend ar
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 stork ledger or any Of
them. shall be open to inspection OF
stock holders, aud no stock holder shall
have any right OF inspecting any &C
count. book or document of this cor
poraton 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 cOmmittee shall for the time be