Examples of Current Charter in a sentence
Deletions - Articles VII (repurchase of shares), IX (interested director transactions), XI (the Corporation's initial board) and XII (the name and address of the incorporator) of the Current Charter are deleted in their entirety.
Restrictions on Stock - The Current Charter has no restrictions on transfer of any shares of its Authorized Stock or against the Corporation issuing non-voting securities.
Board of Directors - The Current Charter set the initial board at three directors and does not provide for any voting requirements with respect to action taken by the Corporation's Board of Directors.
Indemnification - Article VIII of the Current Charter is amended to provide for new indemnification provisions.
Renumbering - Articles VIII, X and XI of the Current Charter are renumbered as Articles VII, VIII and IX respectively, of the New Charter.