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Za lustherance and not i~ lia~itation o~ the pa~+ers oonterred by i
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sl,a,tute, the Hoasd ot Di~ectors is expsessly authorized: ~
i~ Zb ~aalce, a lter or repeal by the byla++s of the oorporatio~.
2. To authosize and cause to be executed mos't9aqes and liens upon
ths saal and persunal Propei'hr °i ~ O°iP°ratioa.
3. To sat apart cut c~ anY of the fw?cls of the conporatian available
~o= dividends a reserve or reserves !or-any proper Purpoae a~nd to abolish
any such reserve in the a~a?nner in which it waa czeated.
. 4~ By reaolution pasaed by a iaajorfty of the rrhole board, to desiq-
nate one or awre coaaittees, ~ach ooam~ittee t~o ccnsist of three or more
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ot the directors'of the oorporation, ~+hich, to the extei?t Provided in
the resolution or in !he bylaws o f the coYporation, ahall hav~ ana n~aY
axercise the po~~ers o! the Board o~ Directora in the aiana9ement of the _
busiaess and affairs of the corporatfon, and niay authorize the aeal of
the aorporatia? to be af~ixed to all papezs which aay require it. Such
coaiwitLee or vominittees shall have such name or namnes as ~esY be stated
;n tbe bylaws o~ the coYporation or as may be detenained from time to
time by resolntion adopted by the Hcard of Directors. .
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~ Mhenever a oo~praaiae oz arran9ement is praposed betxeen this
c~~cporation and its creaitors or any claas of the~n and/or between this
o~rporation and ita stockholders or any class of them, anY oourt of .
equitable jurisdictio~ nithin the Sta~e of Florida may. on the applica-
tion of any receiver flr receivers appointed for this corporation, or on
the application of trustees in dissolution or of any receiver or receivers
appointad bp this corporation, order a meetinq of the cseditors or claaa
o~ czeaitors, and/or ot the stockholders of class of stockriolders of
this corporation, as the case aiay be, . agree to any c.'amPraa~ise or arrarsge-
seut aitid to any reorganization of this corporation as consequence of
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such c~aprooiae or arranqement, tha said. c~o~ranise or arran9ement and
!he said reorqanization shall, it sanctioned by the ocust to r?hich the
said application has besn ~ade. 1~e bindin9 on all the creditors or class
o! creditors, and/or on all the stockholders or class of stockholders, ,
er[ lfiis cv~tion~ as t~e case may be, aad also on this oorporation.
F~~ ~ ~~7 PACE2eJ~.11
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