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Collection: Original Records > Articles of Incorporation

Golden Center Construction (AI-G234)(1970) (7 pages)

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the secretary of the corporation shall, within five (5) days thereafter, mail or deliver to each of the other shareholders a notice setting forth the particulars concerning said shares not so purchased by the corporation described in the notice ree ceived from the offering shareholder. The other shareholders shall have the right to purchase all of the shares specified in said secretary's notice by delivering to the secretary by mail or otherwise a written offer or offers to purchase all or any specified number of such shares upon the terms so de-= seribed in the secretary's notice if such offer or offers are so delivered to the secretary within 30 days after mailing or delivering such secretary's notice to such other shareholders. If the total number of shares specified in such offers so recelved within such period by the secretary exceeds the number of shares referred to in such secretary's notice, each offering shareholder shall be entitled to purchase such proportion of the shares referred to in said notice to the secretary, as the number of shares of this corporation, which he holds, bears to the total number of shares held by all such shareholders desiring to purchase the shares referred to in said notice to the secretary. (2) I£ all of the shares referred to in said notice to the secretary are not disposed of under such apportionment, each shareholder desiring to purchase shares in a number in excess of his proportionate share, as provided above, shall be entitled to purchase such proportion of those shares which remain thus undisposed of, as the total number of shares which he holds bears to the total number of shares held by all of the shareholders desiring to purchase shares in excess of those to which they are entitled under such apportionment. (3) I£ none or only a part of the shares referred to in said notice tothe secretary is purchased, as aforesaid, Page Three.