Exhibit X-0
XXX XXXXX XX XXX XXXXXXXXX
RECORD OF ORGANIZATION
OF
GRANITE STATE GAS TRANSMISSION, INC.
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ARTICLES OF AGREEMENT
We, the undersigned, being all of lawful age, do hereby associate ourselves
together for the purpose of forming a corporation under the provisions of
Chapter 274 of the Revised Laws of New Hampshire.
ARTICLE I
The name of this corporation shall be Granite State Gas Transmission, Inc.
ARTICLE II
The objects for which this corporation is established are:
(1) To engage in, conduct, and carry on the business of owning and operating a
pipeline or pipelines for the transportation and sale of natural, manufactured,
liquefied petroleum gases or any mixture thereof or other substances or
materials capable of being transported by pipeline an in connection therewith to
manufacture, purchase or otherwise acquire, store, transport, transmit, furnish,
distribute and sell natural, manufactured, liquefied petroleum gases or any
mixture thereof, or other inflammable gaseous substances or materials; to
install, erect, and construct facilities for the storing and transporting of
such gases and to carry on such business either as a private corporation or as a
public utility subject to regulation by the New Hampshire Public Utilities
Commission.
(2) To purchase, construct, lease or otherwise acquire, and to hold, enjoy,
operate, deal in, develop, improve, or otherwise use, sell, mortgage, pledge, or
otherwise dispose of, merchandise and personal property of every kind and
description, manufactured, or partly manufactured, articles, trade-marks and
trade names, patents, patent rights and privileges, inventions, improvements,
secret processes and all other property, tangible or intangible, of every sort
and nature.
(3) To buy, or otherwise acquire, hold and improve, mortgage, exchange, lease,
sell, or otherwise dispose of improved or unimproved lands and real estate of
every description
and any and all rights or interests therein; t erect, construct, occupy, use,
manage, conduct, hold, maintain and operate buildings, structures and facilities
useful in the business of the corporation, on lands of the corporation, or upon
any other land; generally to deal in and with and improve the real property of
the corporation.
(4) To purchase, subscribe for, or otherwise acquire, register, hold, sell,
assign, transfer, pledge or otherwise dispose of, or deal in so far as may be
permitted by law, stock, shares, bonds, notes and other securities and evidences
of interest in or indebtedness of any person, firm or corporation of this or any
other state, including this corporation; and while the owner or holder thereof
to exercise all rights, powers, and privileges of ownership in the same manner
that individuals might do; provided, however, that this corporation shall in no
case directly or indirectly vote upon any shares of its own stock and further
provided, that this corporation shall not purchase shares of its own stock when
such purchase would render the corporation insolvent.
(5) To carry on in connection with the foregoing any other business advantageous
to the business of the corporation and in general to do and perform every other
act and thing, and carry on every other business whatsoever, convenient or
proper for the accomplishment of any of the purposes or the carrying on of any
of the business of the corporation; in the transaction of any business of the
corporation to act either as principal or agent; and to use and exercise all the
power conferred by the laws of the State of New Hampshire upon business
corporations.
ARTICLE III
The principal place of business of the corporation shall be located at
Portsmouth, in the County of Rockingham, and the State of New Hampshire, but the
corporation may carry on any portion of its business at other places within or
without said State. Any meeting of the stockholders of the corporation may be
held either within or without the State of New Hampshire.
ARTICLE IV
The capital stock of the corporation shall consist of ten thousand (10,000)
shares of common stock having a par value of one dollar ($1.00) per share, each
share of which shall be entitled to one vote and shall be on a par in all
respects with every other share.
ARTICLE V
The first meeting of the incorporators shall be held at the office of Sulloway,
Xxxxx Xxxxxx & Xxxxxxx, 0 Xxxxxxx Xxxxxx, Xxxxxxx, Xxx Xxxxxxxxx, xx the 21st
day of October, 1955, at 9:30 o'clock in the forenoon.
