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Business Environment – Apple Inc Essay

3673 words - 15 pages

ARTICLE 1
The exact name of the corporation is :
BAGBLOCKERS,INC.
ARTICLE 11
Unless the articles of organization other provide, all corporations formed pursuant to G.L. C156D have
The purpose of engaging in any lawful business. Please specify if you want a more
Limited purpose:
THE CORPORATION MAY ENGAGE IN PRODUCTION, GENERAL MERCHANDISE SALE AS WELL AS ANY LAWFUL BUSINESS AND SHALL HAVE ALL THE GENERAL POWERS SET FORTH IN CHAPTER 156D, OF THE GENERAL LAWS OF DELAWARE, WHICH GENERAL POWERS ARE ...view middle of the document...

The articles may also limit the type or specify the minimum amount of consideration for which shares of any class or series may be issued. Please set forth the preferences, limitations and relative rights of each class or series and desired, the required type and minimum amount of consideration to be received.
N/A
ARTICLE V
The restrictions, if any, imposed by the Article of Organization upon the transfer of shares of any class or series of stock are:
THE RESTRICTIONS IMPOSED BY THE ARTICLES OF ORGANIZATION UPON THE TRANSFER OF SHARES OF ANY CLASS OR SERIES OF STOCK ARE AS FOLLOWS:
ANY STOCKHOLDERS, INCLUDING THE HEIRS,ASSIGNS,EXECUTORS OR ADMINISTRATOR OF A DECEASED STOCKHOLDER, DESIRING TO SELL OR TRANSFER SUCH STOCK OWNED BY HIM/HER OR THEM, SHALL FIRST OFFER SAME TO THE CORPORATION THROUGH THE BOARD OF DIRECTORS, IN THE MANNER FOLLOWING:
HE OR SHE SHALL NOTIFY THE DIRECTORS OF HIS OR HER DESIRE TO SELL OR TRANSFER BY NOTICE IN WRITING; WHICH NOTICE SHALL CONTAIN THE PRICE AT WHICH HE OR SHE IS WILLING TO SELL OR TRANSFER AND THE NAME OF ONE ARBITRATOR. THE DIRECTORS SHALL WITHIN THIRTY (30) DAYS THEREAFTER EITHER ACCEPOT THE OFFER OR BY NOTICE TO HIM /HER IN WRITING NAME A SECOND ARBITRATOR, AND THE TWO SHALL NAME A THIIRD. IT SHALL THEN BE THE DUTY OF THE ARBITRATORS TO ASCERTAIN THE VALUE OF THE STOCK AND IF ANY ARBITRATOR SHALL NEGLECT OR REFUSE OR FAIL TO APPEAR AT ANY MEETING APPOINTED BY THE ARBITRATORS, A MAJORITY MAY ACT IN THE ABSENCE OF SUCH ARBITRATOR.
AFTER THE ACCEPTANCE OF THE OFFER, OR THE REPORT OF THE ARBITRATORS AS TO THE VALUE OF THE STOCK, THE DIRECTORS SHALL HAVE (30) DAYS WITHIN WHICH TO PURCHASE SAME AT SUCH VALUATION ,BUT IF AT TEHEXPIRATION OF THIRTY (30) DAYS , THE CORPRTATION SHALL NOT HAVE ECERCISED THE RIGHT TO PURCHASE THE OWNER OF THE STOCK SHALL BE AT LIBERTY TO DISPOSE SAME IN ANY MANNNER HE OR SHE MAY SEE FIT .
NO SHARES OF STOCK SHALL BE SOLD OR TRANSFERRED ON THE BOOKS OF THE CORPORATION UNTIL THESE PEOVISISON HAVE BEEN COMPLIED WITH , BUT THE BOARD OF DIRECTORS MAY IN ANY PARTICULAR INSTANCE WAIVE THE REQUIRENMENT .
THE DIRECTORS MAY FIX IN ADCANCE A RECORD DAT EFOR DETTERMINING THE STOCKHOLDERS HAVING THE TIGHT TO NOTICE OF AND VOTE AT ANY MEETING OF THE STOCKHOLDERS OR ADJOURNMENT THEREOF OT THE RIGHT TO RECEIVE A DIVIDEND OR OTHER DISTRUBUTION OT ABY OTHERS RIGHT SPECIFIED IN CHAPTER 185 OF THE ACTS AND RESOLVES OF THE DELAWARE OF 1953 AND SUCH CASE. ONLY STOCKHOLDERS OF RECORD ON SUCH RECORD DATE SHALL HAVE SUCH RIGHTS NOTWITHSTANDING ANY TRANSFER OF STOCK ON THE BOOKS OF THE COEPORATION AFTER SUCH RE
CORD DATE AND ALL AS SPECIFIED IN SAID STATUTE .
ARTICLE
Other lawful provisions, and if there are no provisions, this article may be left blank.
OTHER LAWFUL PROVISIONS:
1. CORPORATION POWER AND AUTHORIZATION OF DIRCTORS TO MAKE, AMEND OR REPEAL BYLAWS. ALL CORPORATION POWERS OF THE CORPORATION SHALL BE EXERCISED BY THE...

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