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The Corporation shall have and exercise the following powers:
| (1) |
Statutory Powers. To have and exercise all the powers implied or specified |
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by law or in any regulation promulgated pursuant thereto as it now exists or as it may
be amended.
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| (2) |
Natural Persons. To do any and all things herein set forth to the same extent |
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as natural persons might and could do in any part of the world as principal agents,
brokers, solicitors, adjusters, representatives or otherwise, either alone or in the
company of others.
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| (3) |
Attorney-in-fact. To appoint a duly authorized attorney-in-fact, with full |
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authority to bind this Corporation in all matters as fully and completely as a natural
person in law could do.
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| (4) |
Officers, Agents, Employees and Compensation. To appoint and elect |
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agents and officers and to hire employees; to define their duties; to fix their
compensation; and to pay pensions, establish pension plans, profit-sharing plans, and
other incentive plans for any or all of its directors, agents, officers, and employees.
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| (5) |
Contracts. To enter into, make, perform and carry out contracts of every |
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kind and for any lawful purpose consistent with the purposes of this Corporation,
without limit as to amount, with any person, firm association, corporation, municipality,
or government or any sub-division, district or department thereof.
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| (6) |
Borrowing. To borrow money from time to time, without limit as to amount, |
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to issue bonds, debentures, notes and other obligations of this Corporation from time
to time, for any of the objectives or purposes of this Corporation , and to mortgage,
pledge, hypothecate, and/or convey in trust any or all of its property to secure the
payment thereof.
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| (7) |
Agencies and Joint Venture. To act as agent or representative for any |
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domestic or foreign corporations, associations, partnerships, individuals, or other
entities, corporations associations, partnerships, individuals or other entities.
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| (8) |
Payments for Services. To make payments either in money or any other |
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valuable property, as may from time to time be deemed expedient, for services of any
kind rendered or advice received.
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| (9) |
Payment in Securities. To pay for any rights, or property acquired by the |
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Corporation in shares of stock, debentures or other securities of the Corporation.
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| (10) |
Investment. To lend money for its corporate purposes, invest and reinvest |
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its funds form time to time, and take and hold any property as security for the
payment of funds loaned or invested.
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| (11) |
Dealing in Goodwill. To purchase, lease, or otherwise acquire, in whole or |
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in part, the business, goodwill, rights, franchises, and property of every kind, and
to undertake the whole or any part of the assets or liabilities of any person, firm or
association, corporation or other entity, and to pay for the same in cash, in stock or
bonds of this company or otherwise; to hold or in any manner dispose of the whole or any
part of the business or property as acquired, and to exercise all the powers necessary or
incidental to the conduct of such business.
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| (12) |
Donation. To make donations, irrespective of corporate benefit, for the |
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public welfare or for community funds, or for hospital, charitable, educational,
scientific, civic, or similar purposes.
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| (13) |
Guaranty. To promote or assist, financially or otherwise, corporations, |
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syndicates, partnerships, individuals or association of all kinds and to give any
guaranty in connection therewith for the payment of money or of the performance of any
obligations or undertaking.
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| (14) |
Lending. To advance and lend money on real, personal and mixed |
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securities, on cash, credit, or other accounts, on policies, bonds, other obligations,
or on the deposit of title deeds, wares and merchandise, bills of sale and lading,
warehousemen and wharfingers certificates, notes, dock warrants, other mercantile indicia
or tokens, bullion, stocks and shares.
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| (15) |
Advertising. To advertise for any type of business in any foreign country |
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where permitted by statue or authority.
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| (16) |
Investment Advisor. To provide, render, consult, recommend and advise to |
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others on investments in securities, commodities, real estate, diamonds, gems,
precious metals, stamps, personal property or other assets for compensation.
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| (17) |
Consultant. To consult with others on any matter relating to the purposes and |
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powers of the Corporation for compensation.
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| (18) |
Precious Metals. To deal in, assay and refine precious metals.
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| (19) |
Securities and Commodities Brokerage. To act as agents for the sale and |
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purchase of any stocks, shares or securities, or for any other monetary or mercantile
transaction.
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| (20) |
Issue Securities. To issue debentures, debenture stock, bonds,obligations |
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and securities of all kinds, and to frame, constitute, and secure the same, as may
seem expedient, with full power to make the same, transferable by delivery, or by
instrument of transfer or otherwise, and to charge and secure the same by trust, deed or
otherwise, on the undertaking of the Corporation, or upon any specific property and
rights, present and future, of the Corporation (including, if thought fit, uncalled
capital) or otherwise howsoever.
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| (21) |
Inventory Financing. To finance or assist in financing the sale of goods, |
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articles or commodities of any and every kind or description by way of hire, purchase
or deferred payment, or similar transactions, and to institute, enter into, carry on,
subsidize, finance or assist in subsidizing or financing the sale and maintenance of any
goods, articles or commodities of all and every kind and description upon any terms
whatsoever, to acquire and discount hire-purchase or other agreements or any rights
thereunder (whether proprietary or contractual) and generally to carry on business and to
act as bankers, financiers, traders, commission agents, or in any other capacity in any
part of the world, and to import, export, buy sell, barter, exchange, pledge, make
advances upon or otherwise deal in goods, produce, articles and merchandise.
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| (22) |
Real Estate. (a) To purchase, take on lease in exchange, or otherwise |
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acquire and to hold any lands and buildings within or without the Dominion of
Melchizedek, and any estate or interest in , and any rights over or connected with, and
such lands and buildings and to pay for the same in money or in shares or other securities
of the Corporation or otherwise as the Corporation may see fit.
(b) To develop and turn to account any land acquired by or in which the Corporation is
interested, and in particular by laying out and preparing the same for building purposes,
construction, altering, pulling down, decorating, maintaining, furnishing, fitting up and
improving buildings, and by planting, paving, draining, farming, and cultivation of the
same, and by advancing money to, and entering into contracts and arrangements of all kinds
with builders, tenants, and others.
(c) To purchase for investment or resale, and deal in land and houses and other property
of any tenure and any interest therein, and to make advances upon the security of land or
other property, or any interest therein, and to deal in, traffic by way of sale, lease,
exchange or otherwise with the land and house property and any other property whether real
or personal, and generally to carry on the business of real estate agents and dealers in
all its branches.
(d) To purchase, invest in, lease or otherwise acquire, hold, occupy, enjoy, manage,
administer, mortgage, pledge, convey, sell or otherwise dispose of any real property, or
any shares, stocks, promissory notes, bills of exchange, bonds, undertakings, notes,
debentures, mortgages and other securities or any other personal property.
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| (23) |
Shipping. (a) To purchase, charter, hire, take in exchange, build or |
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otherwise acquire and hold steam, motor, air and other ships or vessels with all
equipment and furniture, or any share or interests in such ships or vessels, and to
maintain, repair, improve, alter, sell, exchange, or let out to hire or charter, or
otherwise deal with and dispose of any such ships or vessels or shares therein.
(b) To employ the said ships or vessels in the conveyance of passengers and mails and of
goods, merchandise and produce of every kind and description between such ports in any
part of the world as may seem expedient.
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| (24) |
Bank Accounts. To establish bank accounts in any jurisdiction in the world.
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| (25) |
Agencies. To establish agencies in any part of the world and to regulate |
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and discontinue the same.
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| (26) |
Collections. To stipulate for, collect, receive, sue for, and recover all |
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agreed or reasonable remuneration, together with all legal, usual or customary costs,
charges and expenses for all or any of the duties, trusts or services of any kind
whatsoever rendered, observed, executed, performed or done in pursuance of any of the
powers or objects of the Corporation.
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| (27) |
Licenses. To grant licenses or concessions over or in respect of any |
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property or rights of the Corporation.
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| (28) |
Patents. To apply for and take out, purchase or otherwise acquire any |
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patent rights or inventions, copyrights or secret processes which may be useful for
the Corporation's objectives and to grant licenses to use the same.
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| (29) |
Acquisitions. To acquire and undertake the whole or any part of the |
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business, property and liabilities of any person or company carrying on any business
which the Corporation is authorized to carry on or possessed of property suitable of the
purpose of this Corporation.
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| (30) |
Partnerships and Joint Ventures. To enter into partnerships or into any |
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arrangement for sharing profits, union of interests, cooperation, joint venture,
reciprocal concession or otherwise, with any person or company carrying on or engaged in
or about to carry on or engage in, any business or transaction capable of being conducted
so, directly or indirectly, to benefit this Corporation. And to lend money to, guarantee
the contracts of, or otherwise assist any such person or company, and take or otherwise
acquire shares and securities of any such company and to sell, hold, re-issue, with or
without guarantee, or otherwise seal with the same.
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| (31) |
Registered in Foreign Countries. To procure the Corporation to be |
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registered or recognized in any country or place outside of the Dominion of
Melchizedek where permitted by statue or authority.
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| (32) |
Ancillary Powers. To have and exercise all powers necessary or convenient |
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to effect any or all of the purposes for which the corporation is organized.
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| (33) |
Execution of Powers. The Corporation may carry out its purposes and |
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exercise its powers in any venue of The Dominion of Melchizedek or in any foreign
country to the extent that these purposes and powers are not forbidden by the laws of that
venue of The Dominion of Melchizedek or by that foreign country; and it may limit the
purpose or purposes that it proposes to carry out or the powers it proposes to exercise in
any application to do business in any venue of The Dominion of Melchizedek or any foreign
country.
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| (34) |
Directors Authority. The Board of Directors, subject to these specific |
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Articles of Re-incorporation, shall direct the carrying out of the purposes and
exercise the powers of the Corporation without previous authorization or subsequent
approval by the shareholders of the corporation. |
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