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3. Legal Rights of Corporation
- To sue and be sued in a court of law.
- To adopt and use a corporate seal and to modify
it when deemed expedient;
- To acquire, purchase, hold, use and transfer
real and personal property of any kind and to
make and accept pledges, mortgages, leases,
liens and encumbrances of every kind.
- To appoint officers and agents.
- To execute contracts of every kind.
- To issue, without breaching the current laws
or the Articles of Incorporation, Bylaws for
the management, regulation and government of
its business and assets, for the transfer of
shares, for the calling of shareholders' and
directors' meetings for any legal purpose.
- To conduct business and to exercise its powers
in foreign countries.
- To agree upon the dissolution in accordance
with the law, whether voluntarily or for other
reasons.
- To borrow money and to incur debts in relation
with its business or for any legal purpose;
to issue bonds, promissory notes, bills of exchange
and other debt instruments (which may or may
not be convertible into shares of the corporation)
payable on determined date or dates, or payable
upon the occurrence of a specific event; whether
secured by a mortgage or pledge, for money borrowed
or in payment of acquired assets, or for any
other legal consideration.
- To guarantee, acquire, buy, hold, sell, assign,
transfer, mortgage, encumber, or otherwise dispose
or trade in shares, bonds or other debt instruments
issued by other corporations or by any municipality,
province, state or government.
- To do anything necessary for the execution
of the purposes established in the Articles
of Incorporation or in any amendments thereto,
or what is necessary or convenient for the protection
and benefit of the corporation and, in general,
to undertake any legitimate business although
not similar to any of the purposes specified
in the Articles of Incorporation or its amendments.
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