Purpose and Powers of the Company. (a) The purposes of the Company are to: (i) develop and operate an integrated facility within the State of Michigan that includes a commercial scale cellulosic fuel production facility, and may also include a lumber milling facility and a biomass power facility (collectively, the “Project”); (ii) promote, support and carry out the commercialization of technology related to the production of cellulosic fuel; and (iii) do such other things and acts in furtherance of and consistent with such purpose and such other acts as may be conducted by a limited liability company formed under the LLC Act. (b) The Company shall have and may exercise all the powers and privileges to the fullest extent permitted by law as are necessary, appropriate, advisable, desirable or incidental to the conduct, promotion or attainment of the purpose of the Company.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement (Mascoma Corp), Limited Liability Company Operating Agreement (Mascoma Corp)
