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~ • <br />C its business nr busiresece, obligations nr trananctinne of the <br />corporntion. <br />The foregoing clauses ahnll br_ construed both es obJects <br />at.d power's, end i[ is expressly provided thnt [hc foregoing enumer- <br />anon oC special powers ahnll nut be held to 11miC or ree[rlct !n <br />any tm nnuc tha power of this corpora[lon <br />ARTICLE IV. <br />Capl[al Stock <br />The authorized capital stuck uE this corporation shall <br />consist of forty-five thousand (45,U~~) shares designated as <br />cotvnon sex k. The forty-five thousand (45,uJ,~) shares of common <br />c4{titai stock shall have a nu par value, which shall be voting <br />s :nc k, entitling [he owner or n~mers thereof [o one (1) vote for <br />each said shore. <br />1.11 of said shares of capital coimuon stock shall be <br />issued as fully paid and non-assessable; each and every share of <br />cottmon capital stock sh:. 11 be equal and wLtheut preference and <br />none ni the shares of the common cnpitol stock shall, in the hands <br />of any person whomsoever, be liable for or render such person <br />Liable for the payment of any assessment or obligation or payment <br />oo account of the debts or obliga[lons of the corporation. <br />ARTICLE V. <br />Cumulatlye Votinr. <br />The cunnilative system of voting for directors shall be <br />a l loved. <br />GR1'ICLE VL. <br />Initial ReKiatered Offica <br />The address of the initial registet'ed of lice of the cor- <br />{to ration shall be haute 1, Box 8U, Henderson, Colorado, •nd [ha <br />-J- <br />.C. n `J.ro` .r- ~. M1' ' <br />..'a... .tip ~ ~ r'.~~ ~ •-,'..^r...'.-: _ .. ., r ~ ~. ~ ~ ~ ~~~~ ~ ~~ ~ "' <br />