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Page: of 7
(eo) The total authorized capital stock of this
corporation is $500,000.00 consisting of 500,000 shares of
common stock of a par value of $1.00 each, divided into two
classes as follows: Class A shall consist of 250,000 shares
of said stock and Class B shall consist of 250,000 shares _
of said stock, Each of said classes of stock shall, by vote
of the holders of a majority of the shares of stock in each
class, have the right to elect two members of the Board of
Directors of this corporation, which Board of Directors
shall consist of four members. In all other respects, each
of said classes of stock shall have equal rights and
privileges.
(f) The names and post office addresses of the
incorporators and the number of shares subscribed for by
each, the aggregate of which (250,000 shares) is the amount
of capital stock with which this corporation will commence
business, are as follows:
POST OFFICE NO. OF SHARES
VALE ADDRESS CLASS
A B
Leo Gs. Zucker 22 Chancellor Avenue 122,000
Wewark, New Jorsey
Florence G. Welt 196 Lyons Avenue 3,000
Newark, New Jersey
Sylvia L. Maslow 411 Myrtle Avenue 50,000
Irvington, New Jersey
Ruth Johnson Essex House, 1050 Broad St.
Newark, New Jorsey 75,000
(g) The period of existence of this corporation is
unlimited.
(hn) The Board of Directors shall have the power to
hold its moeotings, or to have one or more offices, and to
keep the books of the corporation (except the stock and
transfer books) outside of this state, at such places as may
from time to time be designated by the said Board of
Directors.