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<br />. <br /> <br />. <br /> <br />conducive thereto or expedient. <br /> <br />3.3 Securities. To trade and deal in, to acquire, own <br />and dispose of, and to sell and purchase all forms of securities, <br />including but not by way of limitation, stocks (preferred and <br />common), mutual fund shares, notes, bonds, debentures, scr ip, <br />commodities, warrants, participation certificates, mortgages, <br />deeds of trust, commercial paper, choses in action, evidence of <br />indebtedness and other investments and obligations of every kind <br />or description. <br /> <br />3.4 Corporate Investments. To invest its funds and to <br />reinvest and keep the same invested in corporate stocks, stock <br />rights, bonds, debentures, or any instrument representing any <br />interest in the capital of corporations, domestic or foreign, <br />associations, firms, syndicates, trustees, partnerships, <br />indi viduals, governments, states, municipali ties, or other <br />political divisions, or issued or created by others, and to <br />acquire the same by purchase or in any other manner; to own, <br />hold, sell, pledge, hypothecate, exchange or dispose of or turn <br />the same to account in any other manner; to deal in and with the <br />same in any other manner; to exercise in respect thereof any and <br />all rights, powers and privileges of individual ownership or <br />interest therein, including the right to vote thereon for any and <br />all purposes; to consent to and act in any other manner with <br />respect thereto; and to do any and all acts and things for the <br />preservation, protection, improvement and enhancement in the <br />value thereof or designed to accomplish any such purpose. <br /> <br />3.5 Commodities, Oil and Gas. To invest its funds and to <br />reinvest and keep the same invested in and to trade in <br />commodities; and to invest its tunds and to reinvest and keep the <br />same invested in oil, gas and mineral interests and leases <br />pertaining to the same. <br /> <br />3.6 Property in General. To build, purchase, lease, or <br />otherwise acqu1re, own, develop, manage, operate, improve, <br />mortgage, create liens upon, deal in, sell, lease, or otherwise <br />dispose of any and all kinds of property of every type and <br />descr iption connected with, incidental to, necessary, sui table, <br />useful, convenient or appertaining to any or all of the purposes <br />and powers of the Corporation or any of its businesses and <br />activities. <br /> <br />3.7 Borrowing and Finance. To borrow to raise money for <br />any of the objects or purposes of the Corporation without limit; <br />to issue or negotiate bonds, debentures, debenture stock, notes, <br />and other obligations therefore, secured or unsecured; and to <br />secure payment thereof by pledge, mortgage, deed of trust or <br />otherwise of the whole or any part of the property of the <br />Corporation so far as may be permitted by the laws of Colorado. <br /> <br />3.8 Purchase of Businesses. To acquire, in whole or in <br />part, the goodwill, rights, assets and business of; to undertake <br /> <br />-- 2 -- <br />