|
<br />by the Board of Directors or by the President. The Assistant Trea-
<br />S'J1"'prc; if any, shall have the same powers and duties, Subject to
<br />the S'2p~rui s i on of the Treasurer.
<br />
<br />ARTICLE V .
<br />
<br />SHARES
<br />
<br />Sec. 1. CERTIFICATES: The shares of stock shall be represen-
<br />t"pn hy r-on<::ecutivelynumbered certificates signed in the name of the
<br />corporation by its Prpsirlpnt" or R .Vice-President and the Secretarv
<br />.----- '~~ ^~~~~t_,,"'+- ~,.,,..,.....ot_,,.....~, ",,,,rl ch~lL hp ~p:::llprl wit-h thp .Cleal of the
<br />\..JL ~..~ ""lw~"""'~~'-""'&."'" --.....-----.1) --..- -..---- -- ---.-'- -. - ---"-
<br />
<br />l.:Ul.-pol.-a tiu:n, or wi tll~ a facs imilc -the-reef. The signa ture-s' of thl?
<br />company's U[[.i(';~l::; Ull such cel.=tifica'L"cs nicry" 81ao be f~c~imiles if
<br />the certificate is couneersigneu by et L:t-etlUSIt:L ag.:;alt, 01.' registered
<br />by a registrar, other than the corporation itself or an employee ur
<br />the corporation. In case any officer who has signed or whose fac-
<br />",imile gignature has been placed upon such certificate shall have
<br />ceased tc' hp 811r11 nffi ("pr before the date of issuance of such certi-
<br />ficntc, it m.3Y be issued by th~''l0rpor~ttrm ~d t11 thE> "lAme effect as
<br />if 11e were ~uc11 offic€r nt the d~-tc of it~ issue. CertificEt€S -of
<br />s~ock shall I.J~ ill SUL:lI [ULHf cUnS1:SL€Llt with law as shull be prescribed
<br />
<br />by the !:Soara or Directors. i'l/O certifici:lte
<br />shares represented thereby are tully paid.
<br />
<br />~ ""-""! ~,-": _...J _ _ _ ~ ~, L- ,_ _~
<br />::;11i::1.L.L ut: .1.~~ut::u UC1L:~,l,. Lilt::
<br />
<br />Sec. 2. CONSIDERATION FOR SHARES: Shares shall be issued for
<br />
<br />such consideration as shall be fixed from time to time by the Board
<br />
<br />of Dircc=or~. Treasury shares shall be disrnsprl nf for Rt~h ~onsi-
<br />,,- -.- <-.1 ___ _~ _~ ~-="';.-_'" L,C"_ r.:.......,.-,....1 &.-.~__ ....~'!'"'II"_..... +-.....,..~-.n,.. h-....;" ....h~ 'Rr\~""~- ~"""h rer\T"'--
<br />U~Ldl.J.UII db UI01 UI:: .J....J...^1;.U ..L.LVUI "".J.U","- ""..., """'....""u.... t.JJ ......- ------ ----.... -:-"-'_.
<br />sidera~ion may cunsisl., ill wllult: In.. hi part, of money, othf;J:pr'opcrty,
<br />tangible or intangible, or in labor or services ~cLu~lly pt:L[UL"~J
<br />for the corporation, but neither promissory notes nor future services
<br />shall constitute payment or part payment for such shares.
<br />
<br />Sec. 3. LOST CERTIFICATES: In case of the alleged loss, des-
<br />"---~=--~-~.! --=->" ........-.... ~~-.........:., ..-.,-t-": _,~ .......(: ~ =-,...,.."..+--..: +...f^......^ "~f."''''''1''''l1-f' ..._:- "'._._-p-_ ll_--D-_~"""_- d f"'_'~_ n_,,""_--re"-
<br />1..L.U'-'-LU11 V.L LUU,,",.L...A..U~.LV.t.& '-'.&. .... '-"-..................""'w.....;o;; w_ ~...v;.,...., -
<br />ror" ill"" ,. ,~'-- "'---~~~----- _I:: - ----~ __d__~.t:~__...~ ~- 1.."".....l-.,.,....,..,"'.f
<br />'- " 'Uy Ul..L~CL LIJ~ ..L::S:iUdlls-.;t:: U.L. a. iicw \...c;.L"'L.L..L.\.,;g~~ "",,~j ,.i.,..,i......u. .....i~_~.....,.-
<br />upon such terms and condicions in confuLllIiLy wlth law as it may pre
<br />scribe. The Board at Ulrectors may, in ies own discr~l.iuH, L~qui~e
<br />a bond in such form and amount and with such surety as ic may d~L~L-
<br />mine, before issuing a new certificate.
<br />
<br />Spr_ 4, TRAN~FER OF SHARES: Upon surrender to the corporation
<br />...,.., ~ "'~~"~~P~ aoP"~ nf rhp rnrn..nration of 8 certificate of stock
<br />v.... ....'""" - ---.----- -0----
<br />
<br />- 10 -
<br />
|