OCR Text |
Show 8 1 shall be, together with acknowledgment thereof, authenti- 2 oated by the seal of such notary or court, transmitted to the B President, who shall file, record, and carefully preserve the 4 same in his office. Upon the filing of such certificate with 5 the President as aforesaid, the said corporation shall become 6 a body corporate, and as such, and in the name The Muscle 7 Shoals Corporation, have power- 8 First. To adopt and use h cor] k> rate seal; 9 Second. To have succession for a period of fifty years 10 from its organization, unless it is sooner dissolved by ail 11 Act of Congress, or unless its franchise becomes forfeited by 12 some violation of law; 13 Third. To make contracts, and no such contract shall 14 extend beyond the period of the life of the corporation; 15 Fourth. To sue and be sued, complain, and defend in 16 any court of law or equity; .11 Fifth. To appoint by its board of directors such officer* 18 and employees as are not otherwise provided for in this title; 19 to define their duties, to fix their salaries, in its discretion 20 to require bonds of any of them, and to fix the penalty 21 thereof, and to dismiss at pleasure any of such officers or 22 employees; 23 Sixth. To prescribe by its boajrd of directors by-laws 24 not inconsistent with law regulating the manner in which 2b its general business may be conducted and the privileges 26 granted to it by law may be exercised and enjoyed |
Source |
Original book: [State of Arizona, complainant v. State of California, Palo Verde Irrigation District, Coachella Valley County Water District, Metropolitan Water District of Southern California, City of Los Angeles, California, City of San Diego, California, and County of San Diego, California, defendants, United States of America, State of Nevada, State of New Mexico, State of Utah, interveners] : California exhibits. |