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~ the holder( of each class ot stock shali vote as a~:class. with ons v~ote
par share, and th~ afiis~native v~ote o~ a ~aiority ot the out~t~aindi~g •
stock o~ ee~ch class shall bs =aquired to~~proee such corporate action,
except that disectoss shall be elected as tollows: The holdeYa of
Clsss l~ Ccauiwn Stock shall haw the right by the a~fi~ative vote ot
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hoiders oi a iaaiority o~ shases ot Lhat class present and v~tii?g ~i~
holders o~ a s~ajority o! shares o! Lhat class issued and oubtaading an'e
present) to elect a winority in m~eber oi the full Soara o~ Directors
of the oosporation, such mirority t~o consisL ot the larqest nveber ot
directors rrhich will constitute a minority in numeber of such full Hoard
o~ Directors. Tfia holders o! Class B Cam~on Stock shall have the ziqht
~y the a~fismative v~ote of holders of a~aa?jority o! shares of that class
present and v~otinq (if h~olders of a saiority o~ shares o~ that claas
issuecl and outstanaing are ps~seat) to elect a~ajority in a~eber of the
~1 Bossd of Directoss of the coYporation, such maiority to ccnsist
ot the smallest nw~ber of directors suf~icient to constitute a majority
in au~sber of such full Hoa~rd ot Directoss.
Disectors elected by 2?oldera of Claas Cc~eooa Stock shall be
kno~wn as Class A directoxs• and directors electea by holders of Class
B Coe~on Stock sha 11 be kno~+a as Claas B directors. DirectAra of ,
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~ neither claas need be stockholders. t
Holdera of
Class A Caamon Stock shall have the right by the affirma- _
tive vote of holdera of a majority of ~he shares of that clasa of stock ;
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at the time autstandi~ to re~ave anY o~ ~l of the Class A directors.
with oz without cause and shall have the right by that vote to fill am
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vacancy among the Class A directors. whether arisinq from reawval of a
diractor or frova other cause. tiolders of Class 8 Conanon Stock shall have
the riqht by the affirmative vote of holders of a n~iority of the shares
ot that class of stock at the time outstandinq to remo~ve an~! or all of
~ the Class B directors, with a- without cause, as~d shall have paaer by
that vote to fill ar~y vacancy amon9 the Class B directors, whether arising
tr~oa~ semaval ot a director or ~rom other cause.
The said cozporation may, trow time to tin~e. increase its total
authorized capital stock, and maY trom ti~e to tia~e, create or authorize
one or m~ra additional classes o! stock or bonds, and ~rith such designa-
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