HomeMy WebLinkAbout19ARTICLE VII.
Indemnification of Directors and Officers
Sach dir;ctor,:nd O:ficer,of.th cOrpor:t!on now
or hereafter in of ice d hi he ir , dmMstrat r ,
:xecutor. and each director and officer of the corporation
nd his hairs, :nd.qadm!ni.strZtor: who now acts, or
sh !lth;r::ft;rexecutor:h r t f he orpor.ti n as
d i%t at , h ":
i: c o o f er of no _ or ompany controlled by 1h
c rporation;.:hal e ind—if d b Y .he corporation gainst
.01, costs, e..!.b and ant unt!e or I , ity therefor,
including counsel fees, reason.b y n:brir;d by or imposed
u h 1..itiu
pon him in connection wit or I ng rom ny action,
OUT t , progeding or claim to which he may bermade a party,
or n whic he may be or beFome involv:d,by,,e n of his
of i r tro
act! Ostia onoo dconvii 'Icg do - of commission
t:;ion;'orua
h officer r irec 1 0 0 bj t t the provisions
a:r:uocf ttl e .
h any me tem nt th;r:of, whet or or not h nt inu.8
to be ;uch direc oreor of i er at th: time of incurcring such
Cos t:,.:xp*n::: or amoun to, and whethersor not the action or
omis to on the part of such dir ctor or officer,
which is the basis Of pr ceeding or claim,
r t:uch
Occurred before o of r th:u!dLpti0on of this DY-law, provided
th . h
,,;t stcarindemnification.;hdall.not apply with.r:hsp to
c !ct
ma t as to whi h ou ir ctor or office I be
finally adjudged in such action it or proc::ding to hav
been Individually guilty of wi lifsul mi.feasan or —1 feasance
in th performance of his duty as such director or offJ . cer.
and pro id d furth:r thetindemnificati nthe.re.in
v . a th:pect o any sett lemen f ny suit,
provided hail, wit
action, proceeding or cl:im, be only wh n,oin th udgw.-nt
of the Board of Direc tor 0 the corp*r:t n, su:hjsettlement
and reimbursement appear to be for the best intm.stasof the
corpor:ti7n,..Ih foregoing right of indemnific t. nth 11
be in dd t t: and not exclusive of any and &1 0 ear
righ as to which any such director or of ficer may be
entittled under any By-law, agreement, vote of shareholders
or otherwise.
AXTICI VIII.
Sea I
Theccorpor:twe weal of thi: �orporation shall
be rc he word CORAL CONSTRUCTION
COMPAMPl:roundththe border, and the words
'corp'r:tl,Seal: in the center, an.impr' oiO
of whi. mad on this page oppo ite h:r.t..
ARTICLE IX.
Waiver of Notice
Wh never any notice i;pr lu ir:duto betg!vpen to any
a c o
shareholder or director of a o oratio nder h rovisions
0
w:ite; th n;t:tuteft of the State of Oregon, a
By_l;'7nO_Lit1 igned by the p:r:on.ortp roons
I aZhe'eo
ent i tled to Tuch.noticz before o ft r he time
,, whether
stated there ., hall equivalent to the giving Of such
notice.
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