Agenda - 07-19-1982 - Laserfiche WebLink

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In lieu of d16sing the stock transfer books, the Boiird of Dif6c may fix in advance a date as the record date for any such detemination c shareholders, such record date in any case to be not more than fifty days and, in the case of. a meeting of the shareholders, not less than ten days immediately preceding the date on which the particular action requiring S determination of shareholders is to be taken. If the stock transfer books are not closed and no record date I fixed for the determination of shareholders entitled to notice of or to Tae present at a meeting of shareholders, or shareholders entitled to rece payment of a dividend, the date on which notice of the meeting is mailed or the date on which the resolution of the Board of Directors declaring s, dividend Is adopted, as the case may be, shall be the record date for sucl determination of shareholders. Section 3. Lost Certificates: The Board of Directors may author the Issuance of a new share certificate in place of certificate claimed t( have been lost or destroyed, upon receipt of an affidavit of such fact frc the person claiming the loss or destruction. When authorizing such issuat of a new certificate, the Board may require the claimant to give the corp( a bond in such sum as it may direct to indemnify the corporation against I from any claim with respect to -the certificate claimed to have been lost c destroyed, or the Board may, by resolution reciting that the circumstances justify such action, authorize the issuance of the new certificate without requiring such a bond. ARTICLE VIII. GENERAL PROMIONS Section 1. Dividends: No dividends shall be declared by the Boas of Directors. Section 2. Seal: The corporation's corporate seal shall consist two concentric circles between which is' the name of the corporation, the place of incorporation and in the center of which is the date of such into oration; and such seal as impressed on the margin hereof is adopted as the corporate seal of the corporation. Section 3. Waiver of Notice: Whenever any notice if required to given to any shareholder or Director under the provisions of the Aorch ,,Carolina Business Corporation Act or under the provisions of the charter w By-laws of this corporation, a waiver thereof in writing signed by the per, or persons entitled to such notice, whether before or after the time state( therein, shall be equivalent to the giving of ouch notice, Section 4. Fiscal Year: Unless otherwise ordered by the Board of Directors, the fiscal year of the corporation shall end on the 31st day of December each year. Section 5. Amendments: Except a I s otherwise provided herein, t4 By-Laws may be amended or repealed and new By-laws may be adopted by the consensus of the Directors then holding office at any regular or special meeting of the Board of Directors.