All pastes #41445 Raw Edit

Untitled

public text v1 · immutable
#41445 ·published 2006-02-13 17:41 UTC
rendered paste body
TWO CLASSES OF SHARES:

The corporation is authorized to issue Class A and Class B shares with the following rights, privileges,
restrictions and conditions:

     1.Class A shares, without nominal or par value, the holders of which are entitled:

          a)to vote at all meetings of shareholders except meetings at which only holders of a specified class of
            shares are entitled to vote; and
          b)to receive the remaining property of the corporation upon dissolution.

     2.Class B shares, which shall carry the right:

          a)to a dividend as fixed by the board of directors and
          b)upon the liquidation or winding-up of the corporation, to repayment of the amount paid for such share
            (plus any declared and unpaid dividends) in priority to the Class A shares, but they shall not
            confer a right to any further participation in profits or assets.

     3.The holders of Class B shares shall not be entitled to vote at all meetings of shareholders except as
       otherwise specifically provided in the Canada Business Corporations Act.