EFTA01390508

ABTICLEV The total number of stores old dazes of stock that the Corporation is authorized w isstreis Ten Thousand (10,.00B) athitrei of. common 'dock at par eiht no preferted Stock authorized. • • the minimum sunburn of capinil with which the torpenulon will commence business is One Thousand Potio; 01,o(m)). ARTICLE V ThC 110111C1 and places of residence of each of the neisens forming the Corporation are as N_Atilli lkika A. Kellerhals aft-Itoq). Ferguson Brett Kicaty The Comoottion is to have petpetual existence. 111FaDENCE ARTICLE VI ARTKISLYJI For the numagcment of t he, business mid for the conduct of the affair( of die Cmpotillion, anti in Anther creation, definition, limits-Wmand tesulation oftlie -powers of.* Cotpontdoo and of its dirvcmri an) • stockholders, it is further provided; >7.• - - the number of directors of die Corporation shall he fixed by, or in the olano47Provisciio17-.01e by-taws, lint ii nti cisc shall the number be 'fewer than throe (3). 'flit diteiti;litt tied t; 4d, be trOekhOlders. • ;;. futatermice and not in limitnion of the powers conferred by the•laws of theWir0 !Ann.'s, and subject at all times to the provisions thereof; the llostd•of Directors is e.xpretstitgtholited and empowered: .(n) To make, miopientl amend the by-laws of the (1otporatiou,aubieet to the.pnwers of the stockholders to elms, repeal or modify the by3aws adoptecl.hy the Board of Directors (b) TO authorize and line ohligationa ;of the Cotpotaticiti, secured and unsecured, to include therein such. protriaiotts as to rtideemability, conrbrriltlLt Or otherwise, is the Board of 1)irectors in its sole discretion May determine, and •te authorize the mortgaging. at pledging of, and to sulthoaxe and cause to be executed trrogyages and beds upon any property of the f;mporstion, rail or personal, including after acquired prupeny. w- To determine vilmtlici sat and, if tiny, wind per Of die act profirs of rite Corpnoninn or of its net nssetain excess of its itipital shall be. &elated in dividends and paid to the stockholders, and to direct and deleonine the use and disposition theteoC • (I) (2) 2 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0095023 CONFIDENTIAL SDNY_GM_00241207 EFTA01390508