HomeMy WebLinkAbout0103 r. -
(4) In addition to the powers and authoritiea herein~ or by
atatute expreesly conferred upon them, the directore are
hereby empo~~ered to exercise all auch powers and ev all
such acta and things ae may be exerciaed or done by this
corpQration; subject~ neverChelesa, to the proviaiona of
the ataeutes of she State of Nevada, or to any By•Law,~Eram
tia~e to time, made by the stockholders; provided, hawever,
that no By-I.aa so made ehall invalidate any prior act of
~ the directors, which Would have been valid if such By-Lav
had not been made.
1WELFTH: No contract of other transaction betw~een this corporation
and any other corporaCion, association, firm, person or p~rsone in
which thia corporation is interested, shall be intereeted, ahall be
affected or invalidated by the fact that any director or directors
of this corporation is a party, or parties to, or in any way interested
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in such contract, act or transaction, or in any way connected vith
such person or persons, firm, association or corporation; and Qach "
and every person who may become a director of this corporation is ~
hereby relieved from any liability that might otherwise exiat from ~
contracting with this corporation for the henefit of himself or any ~
;
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firm or corporation in which he may be in anp way interested, r
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THIRTEENTH: Any person made a party to any action, auit or -
proceeding by reason of the fact that he, his testetor or intestate, is -
or was a director, officer or employee of this corporation, sh~ll be
indemnified by this corporation against the reasonable expenses,
including attorneys' fees, actually and necessarily incurred by him
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! in connection with the defense of such action, suit or proceeding,
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C or in connection with any appeal thereof, except in relation to
~ matters as to which it shall be adjudged in such action, auit or
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proceeding that such officer, director, or employee is liable for
negligence or miaconduct in the performance of his iutiee.
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