HomeMy WebLinkAbout5644 of this merf~e , sh.~ll be cancelled eatir~Fuished ~nd
all ri~*ht:: in resnect thereof shal' ~ease, and no shares
of Va?~ P,c:•n shal] be issued in respect ttiereof.
5. The fa.^.ts required to be set forth in articles
of incorpQration b~~ the lai•~~. of Ohio, the domicile of the Sur-
vivin~ Compan~,~, and which can be stated in the case of a mer~;er
shall all be ~s set forth in the !':av 196~ Amended Articles of
Incorporation of Van Dorn, which Itay 1969 Amended Article: of
Incorporation are attached hereto and made a oart hereof, and
shall, frc . the time the mer~;er beco.~.es effective, constitute
the "Articles" of the Survivine; Comp~:nv ~~:ithin the meanin~ of
Division (D) of Section 1701.01 of the Oi:io General Cor~oration
Law.
6. The combi:ied e;rned surnlus of the Constituent
Compa:ties, im:~ediately prior to the effec .ive date of this :r:er~er,
~ dim~nished by the deficit, if any, of any of thE Constituent Com-
' panies, shali cc•i~stit ~-e the earned surplu$ of the Survivin~; Ga~-:-
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~ pany upon and i.~;;edi~ ~ly after the effective date of this mer~;er.
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~ 7. When this Agre.:ment of 1~:~ r~er shall have bee:~
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~ a~:prove:~, adopte~:, si~;ned, acknowledged, and f~led, as required
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~ by lats, the .~arat~ e::istence of 16th Street CompanS? and Plastic ,
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~ Specialties, s~all cease, and tne Survivin~ Compan,y shall possess
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~ all the ri~hts, privile~;es, powc~s, and fra:.chises as well of
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~ a public nat~:r~. as of a private nature, ar~d be sub~ect to all
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~ the restrictions, di -~abilities, and dut{es of each of ',;he Cor,~ti-
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tuc::t Companies and, aIl and sin~ul~r, the ri~*hts, privile~;~s,
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~'i poe:~~rs, at:~? franchises of each of the Constituent CoMp,_nies, ~nd
- all propert r, re;.l , pers_,:ial, and mixed, ancj all debt:: due to an~~
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