HomeMy WebLinkAbout5642 41Fi~REAS, P1~~~ :ic S~eci~3' ties has issued and out-
standinr~ an a~*~rePate o,° 13~ , 833 sh:~res of c;~pital stock, 50
par value, all of which are otaned and held by Van Dorn; and
WHEREAS, Van Dorn de~ires to merge Plastic Special-
ties wi~h and into itself pursuant t~~ ti~e provisions of Section
608.21 of the Florida General Corporation Lat•~ and Section 1701.80
of the Ohio General Corporation Law.
NO~:, THE:-:ti:~~~~, in consideration of the premises
and mu'~xal covenants herein contained, each of tt, Constituent
Compani ~ by action of its Boards of Directors r.as a~;reed, _
and does here`~y a~~ .~e, as follo~ti~s :
1. Van Dc_~n, 16th Street Compan,y, and Plastic
Specialties have a~r~~ ; to mer~;e and sj-~all be and hereb;~ are
me^ge~ into a sin~le corporation, ti,~:.ich ~~~ill be Van Dor Company,
one of the Cor._~~~itucnt Companies, which is a corporation or~:n-
ized and exi:.tin~ un.ier the latiti•s of the State of Ohio. _
2. t;it~ resnect to the me~ ~er of 16th Str~et
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~ Compan~r Hitt: a:~3 into Dor:~, each of the condit ~ ~ of Sec-
t
~ tion 170~.80(A) of the Ohio General Corpora ion L~.:: has bee::
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~ co:^~~ied ~,~~ith; n~^:elv, Van P rn is the oVrner and holdc of all of
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~ the issue:i and outst~n3ln~ si~ares of 15th Street Compa?~~y, both
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~ 16~h Stree~ Cc~:pany and Van Dori; are Ohio dom.es~tic corooraLions,
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~ and the condi~ions set forth in Division~ (D)(1), (2), (3), ~:r:d
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~ (4 ) of Sec*ior. 1 i 02.78 of the O~:io General Corporation La~•: do
~ no~ exis`:. Accordin~~ nr~ anproval bv the sh~i:~e~iolders :f
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~ eiti.er 16th Str~e~ Cor.:~an.. or Van Porn is required for the mer-
Per.
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