The Coolidge examiner., 1942-04-10

the laws OF Delaware upon corpOr
ations formed under the act here
matter referred TO. and to do any
or all OF the things hereinbefore
set forth 10 the same extent as
natural persons might or could do
The foregoing clauses shall be
construed both as objects and
powers: and ii is hereby expressly
provided that the foregoing enum-
Grafton OF specific powers shall
not be held to limit or restrict in
any manner the powers of this
corporation.
Fourth: The total number OF
shares OF stock which the corpor-
alton shall have authority TO is
sue is One Thousand $1,000 and
the par value of each of such
shares is One Hundred Dollars
(s10O00) amounting in the aggre-
gate TO One Hundred Thousand
Dollars (S1O0 100000.
Fifth: The amount OF capital
with which this corporation will
commence business is One Hun
dred Thousand (s1OO .OO0.OO) Dol
lars.
Sixth: The names and places of
residence of the incorporators are
as follows:
NAMES RESIDENCES
c. S. Peabbles. Wilmington. Della
ware
l. +. Gray. Wilmington. Delaware
II. f. Grantland Wilmington, Del
aware.
Seventh: This corporation Is to
have perpetual existence.
Eighth: The private property OF
the stockholders shall not be sub
ject to the payment OF corporate
debts TO any extent whatever.
Ninth. In furthereance. and not
in limitation OF the powers con-
ferred by statute. the Board OF
Directors is expressly authorized:
To make and alter the bylaws
OF this corporation, to fix the
amount to be reserved as working
capital over and above its capital
stock paid in. TO authorize and
cause to be executed mortgages
and liens upon the real and per
sonal property OF this corporation.
From time TO time 10 determine
whether and TO what extent. and
at what times and places and un-
der what conditions and regula-
tions. accounts and books OF this
corporation. (other than the stock
LEDGER. or any of them. shall be
open to inspection OF stockhold-I
ers; and no stockholder-shall have
any right Of inspecting any ac-
count. book or document of this
corporation. except as conferred
by statute. unless authorized by
a resolution OF the stockholders
or directors.
BY resolution or resolutions.
passed by a majority OF the whole
Board TO designate one or more
committees, each committee to
consist OF two or more of the Di-
rectors OF the corporation, which.
to the extent provided in said
resolution or resolutions or In the
bylaws OF the corporation. shall
have and may exercise the powers
OF the Board OF Directors in the
management OF the business and
affairs of the corporation. and
may have power to authorize the
seal OF the corporation TO be af-
fixed to all papers which may re-
quire IL. Such committee or COM
mittees shall have such name or
names as may be stated in the by
laws of the corporation or as may
be determined from time to time
by resolution adopted by the
Board of Directors.
Pursuant to the affirmative vote
of the holders of. at least ma
jority OF the stock issued and out
standing, having voting power,
given at a stockholders meeting
duly called for that purpose, or
when authorized by the written
consent OF the holders of major
ity of the voting stock issued and
outstanding, the Board of Direc-
tors shall have power and author
ity at any meeting to sell. lease
or exchange all of the property
and assets Of this corporation, in
cluding its good will and its cor
porate franchises, upon such
terms and conditions as its Board
Of Directors deem expedient and
for the best interests of the cor
poration.
This corporation may in its By
laws confer powers upon its direc-
tors in addition TO the foregoing
and in addition TO the powers and
authorities expressly conferred up
on them by the statute.
Both stockholders and directors
shall have power. if the Bylaws
so provide. to hold their meet
ings, and to have one or more
offices within or without the State
of Delaware, and to keep the