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Important
Note:
Forms are to be used as a guide only to assist you. No liability is assumed for errors in substance or form. It is your responsibility to revise the forms to meet current law
requirements and your particular situation. No liability is assumed for improper use of these forms.
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MINUTES
OF THE FIRST MEETING OF SHAREHOLDERS
_______________________
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
unsubscribed
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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