The border vidette., 1932-12-10

discount, guarantee, execute and ISSUE
promissOry notes. bills Of exchange
drafts, warrants and oil kinds Of obi.
cations and certificates and negotiable
| or transferable instruments.
ii, TO issue shares Of any csRs3 oil
| the capital stock, bonds. debentures
| debenturo stock notes and other Obli-
ga.ions Of this corporation for cash, or
labor done, for property, real or per
sonal, for leases thereof, or Tor nny
com mbination OF any OF the foregolng, or
| in exchange for 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, cucumber or
otherwise 6eal in both improved and
unimpruved real estate wherever stu
| ate; TO survey. subdivide. plat, colonize
| and improve the same for the purpose
| of sae 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, debentures, debenture
stock or other obligations from time to
! time to such an extent and In such
manner and upon such terms as ifs
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 capitnl OF
this corporation, Gnd provided. further,
that shares OF its 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 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 10 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 $4,000 900 00), divide d
into ten thousand 0,000) 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
| 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 tran sfer 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 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 nom
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
he cond uoted by a board OF directors
and the following named persons shall
! constitute the board of directors un til
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
t 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 calenda
| 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 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
porntion except as conferred by statute,
unless authorized by resolution of the
| stock holders or directors
10 designate If the bylaws so pro-
vide. two or more Of its number to
cons stitute an executive committee.
which committee shal for the time be
ing, as provided in said resolution. or
in the bylaws OF this corporation,