Originally Issued Shares Clause Samples

Originally Issued Shares. President’s Stock Transfer Inc hereby authorized to issue, register and countersign certificates (that is, certificates not issued upon transfer and cancellation of existing certificates then outstanding) of the Company’s stock covered by this appointment upon being furnished with an appropriate written request signed by an officer of the Company, a certified copy of a resolution of the Board of Directors authorizing such original issue and, if specifically requested by President’s Stock Transfer Inc, an opinion of counsel as described in Paragraph 15(f)(iii) and (iv),below.

Originally Issued Shares. Originally issued shares of common stock purchased with reinvestment dividends will be purchased at a price equal to the average of the high and low price of the common stock as quoted on the NASDAQ National Market on the dividend payment date as subsequently reported in the Wall Street Journal. If there is no trading in the common stock on the dividend payment date, the purchase price shall be determined by the Company on the next preceding date on which trading occurred.

Originally Issued Shares. MST is hereby authorized originally to issue, register and countersign certificates (that is, certificates not issued upon transfer and cancellation of existing certificates then outstanding) of the Company’s stock covered by this appointment upon being furnished with an appropriate written request signed by the President or a Vice President and Secretary or Assistant Secretary and Treasurer of the Company, a certified copy of a resolution of the Board of Directors authorizing such original issue and an opinion of counsel in the form and substance satisfactory to MST and such other documentation as it may require.

Originally Issued Shares. Securities Transfer Corporation is hereby authorized originally to issue, register and countersign certificates (that is, certificates not issued upon transfer and cancellation of existing certificates then outstanding) of the Company's stock covered by this appointment upon being furnished with an appropriate written request signed by an officer of the Company, a certified copy of a resolution of the Board of Directors authorizing such original issue and, if specifically requested by Securities Transfer Corporation, an opinion of counsel as described in Paragraph 15(g)(i), (ii) and (iii), below.

Originally Issued Shares. Should the Company elect to issue certificates, Securities Transfer Corporation is hereby authorized originally to issue, register and countersign certificates (that is, certificates not issued upon transfer and cancellation of existing certificates then outstanding) of the Company's stock covered by this appointment upon being furnished with an appropriate written request signed by an officer of the Company, a certified copy of a resolution of the Board of Directors authorizing such original issue and, if specifically requested by Securities Transfer Corporation, an opinion of counsel as described in Paragraph 15 (g)(i),(ii) and (iii), below.