_____________________
The initial meeting of the Board of Directors
of the above-named Corporation,
was held on _____________________, at ______________, at the offices
of the Corporation.
On motion duly made and carried, a Chairman and
Secretary of the meeting
were elected, the same being _________________ and __________________.
The Chairman and Secretary accepted his office
and proceeded with the discharge
of his duties. The Chairman then called the roll and found that the
following
shareholders to the articles of Incorporation were present in person:
NAME SHARES
_____________________ ______________
_____________________ ______________
_____________________ ______________
_____________________ ______________
_____________________ ______________
_____________________ ______________
A written Waiver of Notice of the time and
place of holding the present meeting, signed by
all of the shareholders of this corporation was then presented and read by the
Chairman and
the same was ordered, filed and spread at length upon the minutes.
The Chairman then presented and read to the
meeting, a copy of the Articles of Incorporation
of the Corporation and reported that the original thereof had been filed with
the
Office of the Secretary of State; that the filing fee and taxes have been paid,
that a receipt
therefore had been issued by the Secretary of State, that same were in full
force and effect,
and, on motion duly made and carried, it was
RESOLVED, that said report be accepted as
correct and the Secretary is directed to spread a
copy of said Articles and receipt at length upon the minutes.
Upon motion duly made and carried, it was:
RESOLVED, that this Corporation shall have a
Board of Directors consisting of _____ member(s)
initially. Upon motion duly made and carried, the following named persons were
elected as Director of the Corporation to serve
until the next annual meeting of shareholders,
or until his successor is duly elected and qualified:
________________________
________________________
________________________
Upon motion duly made and carried, it was:
RESOLVED, that the above-named Directors of
this Corporation be promptly notified of their election
and requested to meet at the earliest opportunity after the adjournment of this
meeting to elect the
officers of the Corporation and to take such action as may be deemed advisable
or necessary
to complete the organization of the Corporation.
Upon motion duly made and carried, it was:
RESOLVED, that the Board of Directors be and is
hereby authorized to issue all of the un-subscribed
stock of this Corporation at such time and in such amounts as shall be
determined
by the board, and to accept in payment thereof,
money, labor done or such property as the Board
of Directors may determine necessary for the use and lawful purpose of the
Corporation.
The Chairman then submitted for the
consideration of the meeting a set of proposed Bylaws
and stated the same had been prepared by counsel for the Corporation in
accordance with
instructions of the Corporation.
The same were taken up, read and considered,
clause by clause,
and adopted as the Bylaws of the Corporation.
On motion duly made and carried, the Chairman
was directed to
append the said Bylaws at length in the minute book.
There being no further business before the meeting the same was, on motion, duly adjourned.
___________________________
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