HomeMy WebLinkAbout0917 lfY-I.AWS. 't~c By-lave of tSA Uelavar~ ln turcr on thc [:f fc•~ tive Date shali
remain and be [he By-lawe of [he survivink corpora~ion afcer [he Effective
Date until the same shall be altered, repealed or amended according co
the provisions thereof.
DIRECTORS AND OFFICERS. The Direccor~s and Officers of [he Company on
the Effective Date ehail be and constituce the Directors and Officers
(holding the same offices) of the survivin~ corporation. If, at the
Effective Date, a vacancy sha12 exist in tt~e Board oE Directors or in
any of the officea of the aurviving corporation. such vacancy may
thereafter be filled in a ctianner provided by the By-lavs of ISA Delaware.
j CONVERSION OF CAPITAL S'POCK.
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~g (a) At [he Effective nate. each issut-d and outstanding share of the
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~ Company's Cor~mon Stock and all rfghts in respect [hereof. shall, by
~ virtue of the merger and vithou[ any action on the part of the
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~ holdere thereof, au[omatically be:ome and be converted in[o, respect-
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~ ively, one share of Common Stock, par value $10.00 per share of ISA
~ Delavare. Outstandin certificates re resen[in shares
~ R p g of such
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~ Common S[ock of [he Company shall henceforth represen[ [he same
number of shares o£ Cnmmon Stock of ISA Delavare. and che holders
~ thercof shall have precisely che same rights vhich [hey vould have
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~ had if such certificatea had b~en issued by the surviving Company.
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