ngle ',II I! CO* ,.w: NOW% rt. ew nee sena ea..-rely. wyrre.ent are hereby authonzed to effect loans and advances and obtain credit at any time for Cooperation from Belk (and guarantee on behalf of Corporation the 0340300th of others to Bank). secured or unsecured. and for such loans and fl ames and credit

ssue is Ten Thousand (10,000) shares of common stock at $.01 par value; no preferred stock authorized. The minimum amount of capital with which the Cooperation will commence business is One Thousand Dollars (E1,000). ARTICLE V The names and places of residence of each of the persons forming the Corporatio