The border vidette., 1932-09-10

| OraiL9. " aTrHuLS ana all xmas OF OnI"
cations and certificates and negotiable
or transferable Instruments.
G, To issus shares Of my class of
the capital stock, bonds. deheD lures
! de ben tnrn stock, notes aud 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 foreg ,lng, or
in exchange for the stock, debentures,
debcnture stock, bonds, securities or
obligations of any person. firm. asso-
citation, corporation or organization.
(k) TO acquire, buy. purchase lease,
own. hold, sell. rfgage, cucumber or
! otherwise Zeal 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 woSks, plants. stores,
houses. buildings or structures OF any
nature whatsoever.
| Q) To purchase, hold, sell, exchange
or transfer shares OF its own capital
stock. bonds dtbentures. debenture
stock or other obligations from time to
time to such an extent and in 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 its own
| capital stock when such use wonld
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 all Of its operations
and businesses; and without restriction
| or limit as to amount to purchase, cx-
| 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 shal! be One
Million Dollars Isl eco 600 O0), divided
into ten thousand 100000 shares of the
par 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 Ia 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 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
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 40 issu-
ed shall thereupon and thereby become
and be fully paid up and non
assessable, 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 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 calendar
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 o! this corporation
(other than the stock ledger) or any Of
them. shall be open to inspection OF
stock hold ers, and no stock holder shall
have any right OF inspecting any ac
count, hook OR document Of this cor
poration except as conferred 10y statute,
u1!ess authorized by resolution Of the
stock holders or directoTa.
TO designate if the bylaws SO pro-
vide. two or more OF its NUN Der to
constitute an executive committee,
which committee shall for the time be
ing, as provided in said resolution. or
in tho bylaws OF this corporation,
have and exercise any or ali Of tho
powers of the board OF directors ia the