The border vidette., 1932-11-26

discount. guarantee. execnte aud Issue
promissory notes. 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. debentures,
debenture stock, notes and other Obli-
cations Of this corporation for cash, or
labor dono, 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, bonds, securities or
obligations OF any person. firm, asso.
citation, corporation or organization.
90 To acquire, buy. purchase lease.
own. hold. sell. mortgage, cucumber or
otherwise Geal in both improved and
unimproved real estate wherever stu
ate; to survey, subdivide. plat, colonize
and improve tho 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.
(l) 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 in such
manner and upon such terms as its
board uf 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 Of
this corporation, and provided. further,
that shares of its own capital stock be.
longing TO this corporation shall not be
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 Owp, 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 100000 shares OF the
par value Of One Hundred Dollars
(SlO0.O0) 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 80 issued, shall he deemed to be
fy1 ilu mid n6 ,,On- h1a
At such time as the B)ard 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
in payment for which shares of the
capital stock of said corporation may
be issued and the capital stock so issu-
ed ehall therenpon and thereby become
and be fully paid up and non
fraud in the transaction. the judgment
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 a 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 Bt such time ard 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 aud to what extent and
at what times and places and under
what conditions and regulations the
acnnnnts and books of this cQrnnraiinn