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acknowledged, does hereby convey and deliver unto said
Director, who is to hold title in fee simple, the sum
of $10.00 in cash and other considerations of value,
which shall form the assets of this Company.
The Adorno Asset Management Company shall receive, as
Interest in the income and assets of The Adorno Business Company.
* * * * * * *
THE DIRECTORS herein named, or their successors elected
to fill vacancies, shall hold office, have and exercise
collectively the exclusive management and control of
The Adorno Business Company property and business
affairs.
* * * * * * *
POWER OF DIRECTORS: Directors’ powers shall be
construed as general powers of a citizen of the UNITED
STATES OF AMERICA, to do anything any citizen may do in
any state or country, subject to the type restrictions
herein noted. They shall continue in business,
conserve the property, commercialize the resources,
extend any established line of business in industry or
investment, as herein specially noted, at their
discretion for the benefit of this Company, vis:
perform as agents for the surface or mineral rights buy
or sell mortgages, securities, bonds, notes, leases of
all kinds, contracts or credits of any form, patents,
trademarks, or copyrights buy, sell, or conduct mail-
order business, or branches thereof operate stores,
shops, factories, warehouses or other places of
business, advertise, borrow money, pledging the Company
property for the payment thereof, hypothecate assets
and other property, own stock in, or entire charters of
TRUST COMPANIES, and or corporations, or other such
properties, companies, or associations as they may deem
advantageous.
* * * * * * *
OFFICERS AND MANAGEMENT: The Directors may in their
discretion elect among their number, or any other
person, an Executive Director, Executive Secretary,
Treasurer Director * * *. Any Directors may hold two
or more offices simultaneously, * * *
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Last modified: May 25, 2011