The Coolidge examiner., 1938-03-17

at winch any Sucn ONCE or offices
may be so established and main
tanned.
ARTICLE ".
The general nature of the bust
ness in which this corporation shall
engage is as follows:
l. To acquire, by purchase,
lease or in any other lawful man
ner, all property and property rights
of every kind and nature necessary
therefor, and to engage in and car
ry on the business of ginning cot
ton of all varieties, and to maintain
and operate cotton gins, including
all business and activities incident
to the ginning of cotton and the
operation of cotton gins;
z. To engage in and carry on
the business of planting, growing,
buying, selling and otherwise pro-
ducing and dealing in cotton and
cotton products, either as principal
or as agent or on commission;
3. To own, lease or otherwise
hold and control, conduct, operate
and maintain warehouses and car
ry on a general warehouse and stor-
age business, and to issue ware
house receipts and certificates, ne
gotiable or otherwise, to persons
storing or warehousing goods, wares
or merchandise with this corpora
ton;
4. To make advances and loans
and take security for the same by
way of mortgages or pledges of
real or personal property or the
deposit of warehouse receipts for
goods, wares or merchandise stored
with this corporation, or otherwise;
5. To obtain and contract for in
surance of any and all kinds to
cover loss, by fire or other casual
ty, of any and all property of every
ed, owned by this corporation or in
which it may have an interest, or
which may be held by it in trust
or on consignment, or of which it
may have possession or control,
as agent or otherwise;
6. To contract for and carry any
and all kinds of fidelity and casu-
atty insurance to protect this cor
poration from loss through any mis-
feasance or malfeasance or act of
omission or commission of any of
its officers, agents or employees, or
liability which it might sustain on
account of personal injury to its
employees or other persons;
z. To borrow money and pay in
terest thereon and secure the pay
ment of the principal and interest
of any money so borrowed by
means of liens, mortgages or other
encumbrances upon, or by pledge
of, any property owned by the cor
poration, and to that end to exc
cute promissory notes, bills, bonds,
mortgages, conveyances, obliga-
tons and undertakings of every
kind suitable therefor;
s. To buy, sell and deal in
stocks, bonds and other securities
issued by this corporation or by any
other person or corporation;
8. To make and perform con-
tracts of every kind and character,
and in carrying on any of its bust
ness or in the attainment or furth-
erence of any of its objects, pur-
poses or powers to do and perform
any and all of the acts and things
which a co-partnership or natural
person might or could lawfully do.
In addition to and without being
limited by any of the foregoing
specifically enumerated purposes,
objects and powers the general ma
ture of the business to be engaged
| in, transacted and carried on, the
powers to be exercised and the
objects to be promoted by this cor
poration are to acquire in any law
full manner, and to handle, manage,
develop, improve, operate, sell, eX-
change, lease, mortgage, or other
wise dispose of, cucumber, pledge,
trade and deal in property of every
kind and nature and wherever To-
Gated, including estates and inter
ests of every kind in and rights
incident to or connected with such
property.
ARTICLE V.
The authorized amount of capital
stock of this corporation shall be
THREE HUNDRED THOUSAND
DOLLARS $500, 100000, divided in
to one hundred twenty thousand
shares of the par value Of Two
Dollars and Fifty Cents ($2.5O)
each. The Board of Directors of
this corporation may cause said
capital stock, or any part thereon,
| to be subscribed from time to time,
as they may deem best. The stock
so subscribed may be paid for in
cash or by the exchange or transfer
/ of real or personal property, or by
services rendered to the corpora
ton, as the Board of Directors may
require. The capital stock so sub
scribed, paid for and issued shall
thereupon and thereby become and
be fully paid-up and forever non
assessable; and in the absence of
actual fraud in the transaction, the
judgment of the Board of Direct
ors as to the value of property or
services received by the corpora
ton in payment for such stock shall
be conclusive.
ARTICLE VI.
The time for the commencement