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Trust shall be deemed for all purposes to evidence ownership ~
of and to represent the respective shares of the Corporation
into which the shares represented by such certificates have
been converted as provided in these Articles of Merger.
SEVENTH: The principal office of the Corporation,
organized under the laws of the State of Maryland, is located
- in Baltimore City, State of Maryland.
The Trust has no principal office in the
State of Maryland. The Trust has an interest in land in the
County of Worcester, State of Maryland.
EIGHTH: The terms and conditions of the transaction ,
set forth in these Articles of Merger were advised, authorized, -
and approved by the Trust and the Corporation in the manner
and by the vote required by their charters and laws of the
places where they are organized.
NINTH: The Merger was duly authorized by the Board
of Directors of the Corporation, by the adoption on January 11, j
1979, of a resolution, declaring that the Merger herein
proposed was approved substantially upon the terms and
conditions set forth in these Articles of Merger. The
Corporation has not issued, and, until-the effective date of ~
the'Merger, will not issue, any shares of capital stock.
TENTH: The Merger was (a) duly authorized by the
Board of Trustees of the Trust by the adoption~on March 8, 1979,
of a resolution, declaring that the Merger herein proposed
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a~323 Pa~E24~.7