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Florida, ahall have the powers aet for~h in said Articles of Iacorporation, as •
a~ended, and ahall be governed by the provisioaa thereof. subject to the appli-
cable laws oE the State of Florida.
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The Surviving Corporation reserves the right and po~ver to amend, alter,
cha.age or repeal any and all prcvisions contained in its said amended Articles
of Incorporation in the manaer now or hereafter set forth therein or as is or may
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be prescribed by the laws of the State of Florida, and all of the rights, powers
and privileges of the shareholders of the Surviving Corporation are granted and
shall be held and enjoyed subject to this ressrvation. ~
SECTIOV III
The Bylaws of the Florida Corporation shall upon the effectiveness of
the merger as herein provided, be deemed to be; and shall be, the Bylaws o£ the
Surviving Corporation, until such time as they may be further amended, altered
or repealed as provided therein or b}~ law.
SECTION IV
The directors of the Surczvin~ Coraoration, from and after the effec-
ti~eness of the merger, shal? con~isC ~f all ~'ie present directors of the Florida
Corporation, who shall remain as sucfi directars until their respective succes -
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~ s~rs are duly elected and qLalified, subject to the Bylaws of t'~e Surviving Cor-
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~ o ration.
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= SECTION V
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~ The ofEicers of the Surviving Corporation, from and after the effec- '
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: tiveness of the merger, shall consist of all of the present officers of the Florida
` Corporation, each of ~vhom shall occupy the same office in the Surviving Corpor-
ation as the office which he presently occupies. Said officers shall ho2d their
respecti~e offices, subject to the Byla~vs of the Surviving Corporation, until
z t5eir respective successors are duly elected and qualified.
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