CERTIFICATES OF INCORPORATION. 305
foreign country, so far as the laws thereof permit, the powers
granted by this Article.
(5) To make contracts, incur liabilities, and borrow
money; and to issue bonds and secure the same by mortgage
or deed of trust of its property, franchises and income; pro-
vided. such issue is authorized at any meeting duly warned,
as provided for in Sections 15 or 16 of this Article, by the
affirmative vote of a majority of all its members or a majority
of all its stock (or if two or more classes of stock have been
issued, of a majority of each class) outstanding and entitled
to vote.
(6) Subject to the provisions of Article 38 of the Declara-
tion of Rights, to acquire by purchase or in any other man-
ner, and to take, receive, hold, use and employ, sell, mortgage,
lease, dispose of and otherwise deal with any property, real or
personal, including the shares, bonds and securities of other
corporations, situated in or out of this State, which may be
appropriate to enable it to carry on the operations or fulfill
the purposes named in the Certificate of Incorporation.
(7) . To have such officers and. agents as the business of the
corporation may require.
(8) To make by-laws not inconsistent with law for regu-
lating the government of the corporation and for the admin-
istration of its affairs.
(9) Generally to exercise the powers set forth, in the Cer-
tificate of Incorporation and those herein enumerated and also
to do every other act or thing not inconsistent with law which
may be appropriate to promote and attain the objects and
purposes for which the corporation was formed.
SEC. 88-A. Every corporation of this State having a capi-
tal stock except railroads and building or homestead associa-
tions, shall, at the time of incorporation, pay for the use of the
State a bonus tax at the rate of twenty cents for every thous-
and dollars of the amount of its authorized capital stock, and
at the time of amending its articles of incorporation to effect
an increase of its authorized capital stock, a like bonus tax
upon the authorized amount of any such increase thereof, but
in no case shall such payment be less than twenty dollars, pro-
vided, however, that in the case of the consolidation of exist-
ing corporations to form a new corporation such new corpor-
ation shall be required to pay the bonus tax herein prescribed,
for only the amount of its capital stock in excess of the aggre-
gate amount of capital stock of the constituent corporations;
|
![clear space](../../../images/clear.gif) |