Common use of Restrictions in Articles Clause in Contracts

Restrictions in Articles. The Articles of Incorporation of the Land Corporation shall contain provisions restricting the business which the Land Corporation may carry on to the holding, managing, administering and maintaining of corporate assets, initially comprised of lands provided pursuant to Article 4 of this Agreement. The Articles of Incorporation shall further contain provisions setting forth all of the restrictions, conditions and procedures set forth in section 4.3 of this Article.

Restrictions in Articles. The Articles of Incorporation of the Land Corporation shall contain provisions restricting the business which the Land Corporation may carry on to the business of acquiring, holding, managing, administering and maintaining administering, maintaining, pledging, leasing or disposing of corporate assets, initially comprised of lands provided pursuant to Article 4 of this AgreementPermit and Fee Simple Lands. The Articles of Incorporation shall further contain provisions setting forth all of the restrictions, conditions and procedures set forth in section 4.3 of this ArticleArticle 4.3.