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( c ) To hold and manage all such property coming into its hands, and to invest and
<br /> reinvest the proceeds thereof, and to collect the income and profits therefrom
<br /> arising, and to use , expend, pay out, disburse, donate, assign, transfer and
<br /> otherwise dispose of said property or the income therefrom arise .
<br /> 2 . Exclusively in the furtherance of the above purposes , said corporation shall have
<br /> the following powers :
<br /> ( a) To purchase or otherwise acquire, lease , assign , mortgage , pledge or otherwise
<br /> dispose of any trade-names , trademarks , concessions , invertions , formulas ,
<br /> improvements , processes of any kind whatsoever, copyrights and letters patent
<br /> of the United States and of foreign countries , and to accept and grant licenses
<br /> thereunder;
<br /> (b ) To subscribe or cause to be subscribed to and to purchase or otherwise
<br /> acquire , hold for investment, sell , assign, transfer, mortgage, pledge,
<br /> exchange, distribute, or otherwise dispose of the whole or any part of the
<br /> shares of capital stock, bonds, mortgages, deeds of trust, debentures,
<br /> securities , obligations, notes and other evidences of indebtedness of any
<br /> corporation, stock company or association now, or hereafter existing, and
<br /> whether created by or under the laws of the State of Florida or otherwise and
<br /> while owners of any of said shares of capital stocks or bonds , or other
<br /> property to exercise all the rights, powers and privileges of ownership of
<br /> every kind and description, including the right to vote thereon, with power to
<br /> designate some person for that purpose from time to time in the same extent as
<br /> natural persons might or could do ;
<br /> ( c ) To borrow or solicit money for furtherance of the corporate purposes ;
<br /> ( d) In the event that any gift, conveyance , transfer, settlement, devise or bequest
<br /> is made for a designated , restricted purpose and if such restricted purpose is
<br /> Within the purview of the corporate powers herein, the Board of Directors may
<br /> accept and expand such funds or property for the designated purposes .
<br /> However, the Corporation reserves the right to decline any gift, conveyance ,
<br /> transfer, settlement, devise or other bequest that the Corporation deems
<br /> inappropriate or undesirable for any reason;
<br /> ( e ) To purchase , sell , mortgage , lease , improve and deal in real estate and
<br /> personal property wheresoever situated, and to construct, operate, lease , rent,
<br /> hire and manage buildings of every kind and description .-
<br /> ( f)
<br /> escription ;( f) To do all other acts and things which may, in the discretion of the board
<br /> of
<br /> directors be calculated to further the above purposes , and to that end to
<br /> organize and maintain charitable , religious or educational institutions or
<br /> agencies ; provided however, that no part of the net earnings of the corporation
<br /> shall inure to the benefit of any private shareholder or individual , and no
<br /> Revised and annrnved by the State Roard of nirectnrx 12 /8/00.
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