09/29/2003 12:20 '440-774 - 28n PAUL I-EffikAN PG PAGE el
4.
Articles of incorporation
Page 5
otherwise, as the Board C•IDirect
ors in its sole discretion may dete
to authorize the mortgaging or rmine and
pledging of, and to authorize and
aecuted mortgages and thaw upon cause to be
any property of the .corporation,
*.perborial; including after acquired prop real or
erly. 1
c) To determine whether any, and,
if any, what pan of the net profits
corporation or of its net assets in of the
excess of its capital shall be declared
dividends and paid to The stockholders and in
, to direct and determine the use
and dispoiltion thereof.
d) To contract in the name ° Vie 0mp
oratet
ke with individual members of the
Board of Directors in theitacfividual
capacity or as representatives of any
firm, Assn:aeon or corporatkmr.
e) To sell or otherwise ,dispose of the
real or personal property of the
corporation.
f) To set apart a reterve %itsetves, and
to abolish such reserve or reserves, or
to make sueb:otherpirovisions, if any,
as the Board of Directors may deem
necessary or adcitsable far working capi
tal, for additions, improvements and
betterments to plant and .equipmentr for
expansion of the business of the
corpolop'n (ilitiudhig the acquisition of real
and personal ptoperty for this
purpose) add for„any other purpose of the
emporation.
To atablish bonus, prolit-sharing,
pension, thrift and other typesof
compensation or retirement plans for the incentive,
officers tutd employees (including
officers and employees who are also dire
ctors) of the corporation and to fix
the amounts of profits to be distribut
ed or shared or contributed and
&Omits of the corporation's fiords otherwis the
e to be devoted thereto and to
determine the.pessons to participate in any
such plans and the Molina of
their respective participation.
It) To issue, or grant optionsfor the purpose
of shares of stocic Oldie corporation
to officers and employees (includi
ng officers and employees who are
directors) of the corporation and on such also
terms and conditions as the Board
of Directors may from time to time
determine.
i) To cram. into contracts for the man
agentent of the business of the corporat
for terms not exceeding five (5) years. . ion
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