Common use of Purpose; Powers Clause in Contracts

Purpose; Powers. The nature of the business and purposes of the Company are: (i) to own, construct, operate, lease, finance, contract with, and/or invest in ethanol production and co-product production facilities as permitted under the applicable laws of the State of Delaware; (ii) to engage in the processing of corn, grains and other feedstock into ethanol and any and all related co-products, and the marketing of all products and co-products from such processing; and (iii) to engage in any other business and investment activity in which a Delaware limited liability company may lawfully be engaged, as determined by the Directors. The Company has the power to do any and all acts necessary, appropriate, proper, advisable, incidental or convenient to or in furtherance of the purpose of the Company as set forth in this Section 1.3 and has, without limitation, any and all powers that may be exercised on behalf of the Company by the Directors pursuant to Section 5 hereof.

Appears in 8 contracts

Samples: Operating Agreement (Advanced BioEnergy, LLC), Operating Agreement, Operating Agreement (Advanced BioEnergy, LLC)

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Purpose; Powers. The nature of the business and purposes of the Company are: are (i) to own, construct, operate, lease, finance, contract with, with and/or invest in ethanol production and co-product production facilities as permitted under the applicable laws of the State of DelawareIowa; (ii) to engage in the processing of corn, grains and other feedstock feedstocks into ethanol and any and all related co-products, and the marketing of all products and co-products from such processing; and (iii) to engage in any other business and investment activity in which a Delaware an Iowa limited liability company may lawfully be engaged, as determined by the Directors. The Company has the power to do any and all acts necessary, appropriate, proper, advisable, incidental or convenient to or in furtherance of the purpose of the Company as set forth in this Section 1.3 and has, without limitation, any and all powers that may be exercised on behalf of the Company by the Directors pursuant to Section 5 hereof.

Appears in 5 contracts

Samples: Operating Agreement (Golden Grain Energy), Operating Agreement (Golden Grain Energy), Operating Agreement (Golden Grain Energy)

Purpose; Powers. The nature of the business and purposes of the Company are: (i) to own, construct, operate, lease, financefinance , contract with, and/or invest in ethanol biodiesel production and co-product production facilities as permitted under the applicable laws of the State of DelawareIowa; (ii) to engage in the processing of corn, grains and other feedstock into ethanol biodiesel and any and all related co-products, and the marketing of all products and co-products from such processing; and (iii) to engage in any other business and investment activity in which a Delaware an Iowa limited liability company may lawfully be engaged, as determined by the Directors. The Company has the power to do any and all acts necessary, appropriate, proper, advisable, incidental or convenient to or in furtherance of the purpose of the Company as set forth in this Section 1.3 and has, without limitation, any and all powers that may be exercised on behalf of the Company by the Directors pursuant to Section 5 hereof.

Appears in 4 contracts

Samples: Operating Agreement (Iowa Renewable Energy, LLC), Operating Agreement (Iowa Renewable Energy, LLC), Operating Agreement (Western Dubuque Biodiesel, LLC)

Purpose; Powers. The nature of the business and purposes of the Company are: are (i) to own, construct, operate, lease, finance, contract with, and/or invest in ethanol biodiesel production and co-product production facilities as permitted under the applicable laws of the State of DelawareIowa; (ii) to engage in the processing of corn, grains and other feedstock feedstocks into ethanol biodiesel and any and all related co-products, and the marketing of all products and co-products from such processing; and (iii) to engage in any other business and investment activity in which a Delaware an Iowa limited liability company may lawfully be engaged, as determined by the Directors. The Company has the power to do any and all acts necessary, appropriate, proper, advisable, incidental or convenient to or in furtherance of the purpose of the Company as set forth in this Section 1.3 and has, without limitation, any and all powers that may be exercised on behalf of the Company by the Directors pursuant to Section 5 hereof.

Appears in 3 contracts

Samples: Operating Agreement (Northwest Iowa Renewable Energy LLC), Operating Agreement (Soy Energy, LLC), Operating Agreement (Soy Energy, LLC)

Purpose; Powers. The nature of the business and purposes of the Company are: (i) to own, construct, operate, lease, finance, contract with, and/or invest in ethanol biodiesel production and co-product production facilities as permitted under the applicable laws of the State of DelawareIowa; (ii) to engage in the processing of corn, grains and other feedstock feedstocks into ethanol biodiesel and any and all related co-products, and the marketing of all products and co-products from such processing; and (iii) to engage in any other business and investment activity in which a Delaware an Iowa limited liability company may lawfully be engaged, as determined by the Directors. The Company has the power to do any and all acts necessary, appropriate, proper, advisable, incidental or convenient to or in furtherance of the purpose of the Company as set forth in this Section 1.3 and has, without limitation, any and all powers that may be exercised on behalf of the Company by the Directors pursuant to Section 5 hereof.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement (Western Iowa Energy, L.L.C.), Operating Agreement

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Purpose; Powers. The nature of the business and purposes of the Company are: are (i) to own, construct, operate, lease, finance, contract with, and/or invest in ethanol production and co-product production facilities as permitted under the applicable laws of the State of DelawareIowa; (ii) to engage in the processing of corn, grains and other feedstock feedstocks into ethanol and any and all related co-products, and the marketing of all products and co-products from such processing; and (iii) to engage in any other business and investment activity in which a Delaware an Iowa limited liability company may lawfully be engaged, as determined by the Directors. The Company has the power to do any and all acts necessary, appropriate, proper, advisable, incidental or convenient to or in furtherance of the purpose of the Company as set forth in this Section 1.3 and has, without limitation, any and all powers that may be exercised on behalf of the Company by the Directors pursuant to Section 5 hereof.

Appears in 2 contracts

Samples: Operating Agreement (Prairie Creek Ethanol LLC), Operating Agreement (Prairie Creek Ethanol LLC)

Purpose; Powers. The nature of the business and purposes of the Company are: (i) to own, construct, operate, lease, finance, contract with, and/or invest in ethanol production and co-product production facilities as permitted under the applicable laws of the State of DelawareNebraska; (ii) to engage in the processing of corn, grains and other feedstock into ethanol and any and all related co-products, and the marketing of all products and co-products from such processing; and (iii) to engage in any other business and investment activity in which a Delaware Nebraska limited liability company may lawfully be engaged, as determined by the Directors. The Company has the power to do any and all acts necessary, appropriate, proper, advisable, incidental or convenient to or in furtherance of the purpose of the Company as set forth in this Section 1.3 and has, without limitation, any and all powers that may be exercised on behalf of the Company by the Directors pursuant to Section 5 hereof.

Appears in 2 contracts

Samples: Operating Agreement (E Energy Adams LLC), Operating Agreement (Siouxland Ethanol, LLC)

Purpose; Powers. The nature of the business and purposes of the Company are: are (i) to own, construct, operate, lease, finance, contract with, and/or invest in ethanol production and co-product production facilities as permitted under the applicable laws of the State of DelawareIowa; (ii) to engage in the processing of corn, grains and other feedstock feedstocks into ethanol and any and all related co-products, and the marketing of all products and co-products from such processing; and (iii) to engage in any other business and investment activity in which a Delaware an Iowa limited liability company may lawfully be engaged, as determined by the Class A Directors. The Company has the power to do any and all acts necessary, appropriate, proper, advisable, incidental or convenient to or in furtherance of the purpose of the Company as set forth in this Section 1.3 and has, without limitation, any and all powers that may be exercised on behalf of the Company by the Directors pursuant to Section 5 hereof.

Appears in 1 contract

Samples: Operating Agreement (Little Sioux Corn Processors LLC)

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