The border vidette., 1932-11-12

discount, guarantee, execnte and issue.
promissory notes. bills ct exchange
drafts. warrants and ell kinds uf ohll.
cations and certificates and negotiable
OF transferable Instruments.
d. To issue shares Of my 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
sonal, for leases thereof, or for any
com bination of any OF the foregoing. or
in exchange for the stock, debentures,
debcnture stock, ,nd', securities Or
obligations Of any person, firm, asso-
| citation. corporation or organization.
tx TO acquire, buy. purchase, lease.
own, hold, sell. mortgage, cucumber or
otherwise 6eal 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 10 construct
and erect thereon works, plants. stores,
houses, buildings or structures OF any
nature whatsoever.
(D To purchase, hold, sell, exchange
or transfer shares ot it's 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 ca its
board Of directors shalt 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. and provided, further.
that shares of it's own capital stock be.
longing TO this corporation shall not he
voted upon directly or indirectly
TINY To have one or more Offices; to
carry on any or ALI Of it's 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, soil. 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 8mount of capital
stock of this corporation shall be One
Million Dollars (Sl 900 600 00), divided
into ten thousand 40, ,OOO) shares OF the
par value of One Hundred Dollars
{Sl00.00) 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 go 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 ami purposes OF said corporation,
in pay ment for which shares Of the
capital stock of said corporation may
be issued and the capital stock go issu-
ed shall thereupon and thereby become
and be fully paid up and non
assepsable, 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
tuo COFpCFdtlOu SlUtl UG tu0 uHy Guc60
Articles are flied in accordance 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 cond ucted by a board OF directors
and the following named persons shall
constitute the board Of directors until
their successors are elected:
JAMES Z. 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 10 force