ARTICLES OF ASSOCIATION, BYLAWS AND FACILITIES OF FIRST SURVIVING BANK. On the effective date of the Initial Consolidation and until thereafter amended in accordance with applicable law, the Articles of Association of the First Surviving Bank shall be the Articles of Association of Sunbelt as in effect on the effective date of the Initial Consolidation. Until altered, amended or repealed as provided therein and in the Articles of Association of the First Surviving Bank, the Bylaws of the First Surviving Bank shall be the Bylaws of Sunbelt as in effect on the effective date of the Initial Consolidation. The main office of the First Surviving Bank shall be the main office of Sunbelt as of the effective date of the Initial Consolidation, and all corporate acts, plans, policies, contracts, approvals and authorizations of Sunbelt and New Bank and their respective shareholders, boards of directors, committees elected or appointed thereby, officers and agents, which were valid and effective immediately prior to the effective date of the Initial Consolidation, shall be taken for all purposes as the acts, plans, policies, contracts, approvals and authorization of the First Surviving Bank and shall be as effective and binding thereon as the same were with respect to Sunbelt and New Bank respectively, as of the effective date of the Initial Consolidation.
ARTICLES OF ASSOCIATION, BYLAWS AND FACILITIES OF FIRST SURVIVING BANK. At the Initial Consolidation Effective Time and until thereafter amended in accordance with law, the Articles of Association of the First Surviving Bank shall be the Articles of Association of Texas National as in effect at the Initial Consolidation Effective Time. Until altered, amended or repealed as provided therein and in the Articles of Association of the First Surviving Bank, the Bylaws of the First Surviving Bank shall be the Bylaws of Texas National as in effect at the Initial Consolidation Effective Time. The main office of the First Surviving Bank shall be the main office of Texas National as of the Initial Consolidation Effective Time, and all corporate acts, plans, policies, contracts, approvals and authorizations of Texas National and New Bank and their respective shareholders, boards of directors, committees elected or appointed thereby, officers and agents, which were valid and effective immediately prior to the Initial Consolidation Effective Time, shall be taken for all purposes as the acts, plans, policies, contracts, approvals and authorization of the First Surviving Bank and shall be as effective and binding thereon as the same were with respect to Texas National and New Bank respectively, as of the Initial Consolidation Effective Time.
