Common use of Certificates of Stock Clause in Contracts

Certificates of Stock. Every holder of stock in the corporation shall be entitled to have a certificate certifying the number of shares owned by him in the corporation, signed by or in the name of the corporation by (a) either the Chairman of the Board of Directors, the President or a Vice- President and (b) either the Treasurer or an Assistant Treasurer, or the Secretary or an Assistant Secretary of the corporation. Certificates may be issued for partly paid shares and in such case upon the face or back of the certificates issued to represent any such partly paid shares, the total amount of the consideration to be paid therefor, and the amount paid thereon shall be specified. If the corporation shall be authorized to issue more than one class of stock or more than one series of any class, the powers, designations, preferences and relative, participating, optional or other special rights of each class of stock or series thereof and the qualification, limitations or restrictions of such preferences and/or rights shall be set forth in full or summarized on the face or back of the certificates which the corporation shall issue to represent such class or series of stock, provided that, except as otherwise provided in Section 202 of the General Corporation Law of Delaware, in lieu of the foregoing requirements, there may be set forth on the face or back of the certificate which the corporation shall issue to represent such class or series of stock, a statement that the corporation will furnish without charge to each stockholder who so requests the powers, designations, preferences and relative, participating, optional or other special rights of each class of stock or series thereof and the qualifications, limitations or restrictions of such preferences and/or rights.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Simon Robert J), Agreement and Plan of Merger (Holopak Technologies Inc)

AutoNDA by SimpleDocs

Certificates of Stock. Every holder Certificates of stock in the corporation shall be entitled issued to have a certificate each Stockholder certifying the number of shares owned by him in the corporation, Corporation and shall be in a form not inconsistent with the Certificate of Incorporation and as approved by the Board of Directors. The certificates shall be signed by or in the name of the corporation by (ai) either the Chairman of the Board of DirectorsBoard, the President or a Vice- Vice President and (bii) either by the Secretary or an Assistant Secretary, or the Treasurer or an Assistant Treasurer, or Treasurer and may be sealed with the Secretary or an Assistant Secretary seal of the corporationCorporation or a facsimile thereof. Certificates Any or all of the signatures on the certificate may be a facsimile. In case any officer, transfer agent or registrar who has signed or whose facsimile signature has been placed upon a certificate shall have ceased to be such officer, transfer agent or registrar before such certificate is issued, it may be issued for partly paid shares and in by the Corporation with the same effect as if he were such case upon officer, transfer agent or registrar at the face or back date of the certificates issued to represent any such partly paid shares, the total amount of the consideration to be paid therefor, and the amount paid thereon shall be specifiedissue. If the corporation Corporation shall be authorized to issue more than one (1) class of stock or more than one (1) series of any class, the powers, designations, preferences and relative, participating, optional or other special rights of each class of stock or series thereof and the qualificationqualifications, limitations or restrictions of such preferences and/or rights shall be set forth in full or summarized on the face or back of the certificates certificate which the corporation Corporation shall issue to represent such class or series of stock, provided that, except as otherwise provided in Section 202 of the General Corporation Law of Delawareby statute, in lieu of the foregoing requirements, there may be set forth on the face or back of the certificate which the corporation Corporation shall issue to represent such class or series of stock, a statement that the corporation Corporation will furnish without charge to each stockholder Stockholder who so requests the powers, designations, preferences and relative, participating, optional or other special rights of each class of stock or series thereof and the qualifications, limitations or restrictions of such preferences and/or rights.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Klever Marketing Inc), Agreement and Plan of Merger (Cimarron Medical, Inc.)

Certificates of Stock. Every holder of stock in the corporation shall be entitled to have a certificate certifying the number of shares owned by him in the corporationcertificate, signed by by, or in the name of the corporation by (a) either by, the Chairman or Vice-Chairman of the Board of Directors, or the President or a Vice- Vice-President and (b) either the Treasurer or an Assistant Treasurer, or the Secretary or an Assistant Secretary of the corporation. Certificates may be issued for partly paid , certifying the number of shares and owned by such holder in such case upon the face or back of the certificates issued to represent any such partly paid shares, the total amount of the consideration to be paid therefor, and the amount paid thereon shall be specifiedcorporation. If the corporation shall be authorized to issue more than one class of stock or more than one series of any class, the powers, designations, preferences and relativerelative , participating, optional or other special rights of each class of stock or series thereof and the qualificationqualifications, limitations limitations, or restrictions of such preferences and/or rights shall be set forth in full or summarized on the face or back of the certificates certificate which the corporation shall issue to represent such class or of series of stock, provided that, except as otherwise other wise provided in Section section 202 of the General Corporation Law of Delaware, in lieu of the foregoing requirements, there may be set forth on the face or back of the certificate which the corporation shall issue to represent such class or series of stock, a statement that the corporation will furnish without charge to each stockholder who so requests the powers, designations, preferences and relative, participating, optional or other special rights of each class of stock or series thereof and the qualifications, limitations or restrictions of such preferences and/or rightsrights Where a certificate is countersigned (1) by a transfer agent other than the corporation or its employee, or (2) by a registrar other than the corporation or its employee, the signatures of such officers may be facsimiles.

Appears in 1 contract

Samples: Acquisition Agreement (EDUtoons, Inc.)

AutoNDA by SimpleDocs

Certificates of Stock. Every holder of stock in the corporation shall be entitled to have a certificate certificate, signed by, or in the name of the corporation by, the chairman or vice-chairman of the board of directors, or the president or vice-president and the treasurer or an assistant treasurer, or the secretary of the corporation, certifying the number of shares owned by him in the corporation, signed by or in the name of the corporation by (a) either the Chairman of the Board of Directors, the President or a Vice- President and (b) either the Treasurer or an Assistant Treasurer, or the Secretary or an Assistant Secretary of the corporation. Certificates may be issued for partly paid shares and in such case upon the face or back of the certificates issued to represent any such partly paid shares, the total amount of the consideration to be paid therefor, and the amount paid thereon shall be specified. If the corporation shall be authorized to issue more than one class of stock or more than one series of any class, the powers, designations, preferences and relative, participating, optional or other special rights of each class of stock or series thereof and the qualificationqualifications, limitations limitations, or restrictions of such preferences and/or rights shall be set forth in full or summarized on the face or back of the certificates certificate which the corporation shall issue to represent such class or series of stock, provided that, except as otherwise provided in Section 202 of the General Corporation Law of Delaware, in lieu of the foregoing requirements, there may be set forth on the face or back of the certificate which the corporation shall issue to represent such class or series of stock, a statement that the corporation will furnish without charge to each stockholder who so requests the powers, designations, preferences and relative, participating, optional or other special rights of each class of stock or series thereof and the qualifications, limitations or restrictions of such preferences and/or rights. Where a certificate is countersigned (1) by a transfer agent other than the corporation or its employee, or (2) by a registrar other than the corporation or its employee, the signatures of such officers may be facsimiles.

Appears in 1 contract

Samples: And Term Loan Agreement (Panchos Mexican Buffet Inc /De)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!