,.-!, \..i i"."' 'y ; •VI, - f • ,.iiis^-'^.',.' \^^w--'8TATK CMP ARKANSAS

nUJL RrVlRHC. i

AXTICLES OP INCORKHIATIOM

• • •:••', \:K: .,.q.,[°"» -r ?fi.'y<Wn- . "N ll. .•-i,,»- lyi ••'•"i;" '• '<' .,ltAi•c" • • ' • " • ' ? - ' " A ,.- •itt .' -yaF"1 "• • • < • ' • 1% •"^•"^•tJtf-i'w "'''•' ^^Pfl

''4t1-' ',':l '•i:•'l''.¥v£^?*lll-<ll**r..A

^^M^ i J^ .^/ MW ^6uu/ ^HU/ a^tu^^y ^f^Sas/8^^ TSi^^SSi^AA 26th ,y-_ ^ iu|««t^ y T^mMt

PAUL RIVIBU

^ fc , . :. - ''? tfa,»i':l] ? ..l, y.^dfW^e'Wiw^y^s^ i ^^f;"' 'ylili ' -K';' 1*^ i::;lil"""?yi' - t"'';

•?••:-•.. ' ' I, TIB VWOMIWOO, In ordar to {on • corporation tor tha ; 1 - . ,.<'-A'\^'^^1 ^ '^ " 1 • . ' " '•i^' ^"y^^spurpow lMf&«axc«r •fted, ttadT aad pun—at to th« provi«io(u . , ^••'€?.i»

•i^-;.*":' o< to* XrtaBMfl —^a«M Corpwiioa &et, b«ia« xa« Ho. »7« of • • _ ii{^. i|S|2|; |||^t"-' ."tt»:AB—'«^th» • ilaf'—ui— of «— Mawl Awbly far tlx'. • ' .„.• '^S^^

fwt IMS, 4a aaraby oartity •• toll</ -<"•1 ' • • i^r

•'•: ' • ' nUfi Tir RMM of tir Corporation •lull b« ropiu, IBC. _ '-I'.":•*" 1 • ' 1 1 1 " • • •' ^ ^;•^•-!

'" (b«niaat«u—ll«d th« cx»tp«ny). - -so .^^-••••••••'1 '--'?-;-: - • • • 1 ••(-l•l . § ;-:

••;;.( ••OOMDi KMI •xiiflur of th« Coapuy i« to b« p«rp«to«l. ' , ^ \ *^ai,.' .• '• )i • . —- , :• !- '^';•^'<:1 • , . • • ^ ^,«•?. TBUOl Tb« oatur* of th« bu«ia«— of Ur Co^uy and ttr

.-o^;-*'- . . • ' •

T' ..•; «bj«ot •ad porpo—— propo* to b« traauofd, promtAd •adTIcarried oa ax« to do any of •II of taa t&iaga aaraia MOtioaad,' "^

•• fully •ad to tb« •«— •xfat •• natural poxwoir miflit or oo«lddoi , • • •'i- ^ •

fe (1) To paireha—, 1—— or otB«rwi— aoquiro r—1 —taf,T; , laa—, loaatioif, aurfao* riohf* tiabwr liaif, woudlaad* ."'. ' aad teiaibf laada, wafr lota, rimur riohta aad gown—at,»•.' •,''<'$,'1•»>• 1 - •aaieipal o» othf riqbta, privilfa, fraaohiaaa, •aawMOf" aad liooa—— of all kinda, aad to op«xata, d^mlop, —ll,

diapo— of, •xehaaf or otaarwia* daal ia tha aa—«<2) To porohaaa, •all, rant, laaaa and ocharwiaa daal, '

.-. -- a^taf at waolaaala or rocall, ta •aahin«ry of all typoa aad» • BAy •ad all xiada of —rohandiaa, davioaa aad aquipaaat of .

• . " . aay kiad or aatura> to prooura, aoquira, boy aad —11 at - ,.,.„ , . wholaaala aad ratail, aay aad all •aaliiaary, auppliaa, oo«-

• •oditiaa, aad —rohaadiw of avry kiad and aatura waioh —y ' rappaar to ba uaaful of advaataaaoaa to tha oorporatioa. . "

' • (3) TO aaaaaa in tho buainaa* of pwniny and laaaiagaacoiaary, aquipaaat aad property of •v«ry irfcur* •£d

'" MI 1 : ' . - • ' —•ariptian. • • •--.• l-'• {4) To •urofaotur«« coirtruati fpair, own, buy, IM— (rat

oth*r«« off otb«rwi«o dMi in, aoquif, ••11, co»wy, trir-f«r, 1—— to ofch«r«« and oth«rwi— diBpo«« of, •ortff orotiMtfwi— •aefb«r, all fcyp«« of iwru, d«vio—» •ppliaaou,•ngtnx, •o«or«, —ohiiuiry, •n4 •quip—at. /

" . ' (S) To •09*99 in th« priMury tooBinw of iuuiufactuucin«,bayia«, ••llitiq, l——ift9, and otbuwf* dealing in •II'kind*of •quip—at, electrical •otora, URCBJinwy* d«vicw, .awirtu«» •«p9li««, aad aoo——ori—. r I I 1 IJ

_ • ' THIS CERTIFICATE A iJG- ' f i iq f l?MUSTBEf-lLED ^ G - 6 1 9 8 ?

. ^ih. ^^SS* . • COUNTY CLERK e»2- ^—•

(•) to •ot aa'agaat, rapraaaatativa« davalopar* proaotar,d«al«r» brokar, <ua«ribator« wholes lu, ratailar, traataa,or la aay othar oapaoicy •• principal or agant, and In •adwith •II of tha dapart—atBf boraaua, agaaoiaa and branohaa 'of ftho aoyrn—nt of th« Onitad Btataa of teariea or Anypolitical auAdivialoa tbaraof •ad la aad with •ay •ad •II•tataJ, tarritoriaaf •anioipaliti—, p«rBoa«» finu,farfr«tilp«« •••ooiatlWf oorporatio— aad oth«ri*

(10) To or—to aad —latala a —xvio* oc9aaii«fcloa to.lntcn«no«, —nag——nt and •II• •apply to o^h«f for hlr«, •i

•iMilT or r«lat«4 •urvicw.^ ••• (11 ) To •aBufaotor*, purcba— or otb«rwi— aoquiro, owa«

•ortottOOf pl«d9«» ••11, •••ign and tramfT, or ocbTwi— -.diapo— off to inv—t, tr«d«, d—1 In •nd d—1 with 90od«»

'war— •ad iMrehaadl«« aad p«foa«l property of •vry elatf*aad deacriptioa.

(12) To acquin, and pay tor la cash, •tocX or booda of tbaQoagany, or otborwiaa, the good will, ri«hta* aaaata aadproparty, aad to undartaka or aaauaa fcha wbola or any partof tha obligatioaa or liabilitiaa of aay paraoa, tira,

• aaaooiatioa or eorporatloa. ' *

(11) To borrow •onay and to —ka aad iaaoa aotaa, hooda*Oabaatur—, oblicatioaa aad avidanoaa of inaabtadaaaa of all

''•'kinda, whatbar •aourad by •ortaaga* pladga or otharwiaa,witaot l&ait aa to aaooat, and to aaoura tha •aaa by•ortgaga, pladga or otharwiaa» aad gaaarally to kaka andparfoo agraa—ata aad ooatraota of avary kind and daaorlp-tioa*

(14) To aoquira by purohaxa, aubaoription or otbarwiia« andto bold tor inTaat—at or otharwiaa, aaa, •all, aaaiga,traaafar, •ortgaga* pladga or otharwiaa daal with or diapoaaof atoeka, bonda or any othar obligatlooa 01. aaouritiaa of

'any corporation or oorporatiooa, to —rga or ooaaolidatawith any oorporatiaa in •uoh •annar aa aay ba pamifctad bylaw* to aid la aay •annar any corporation whoaa afcocka,booda, or othar abligationa ara bald or in any •annargoaraataad by tba Coapany, or in which tha Co«pany ia in anyway iafcar—tad* and to do any othar aeta or fchlnga for thepraaarvatioa, prOtaotioa, iaprovaMnt or aohancaiMnc of tbavaloa of any •uoh •took, bonda, .or othar obligation*, and

BOOK » PAQB.

• ana pnviioaoa o(• aay aad ftll voting powra•I dividaada «po« aw• or both of aay baadd ofatook, of th« principal or iatofo— ftr both of aay ___

other oblioatioaa, and tho porfox—aoe of •ay contraota*(11) . To parohaae «r othofwiao acquire aharea of if ofcapital atoaM, booda, notoa, debaaturee or other obliaa-Uoff, and to —11 or othorwiee diapoao of or retire thoaa—f providod that too Ooaa—y ahall ao« uae aay of Iftiada or property for fo pwrohaae of ita owa abaroa ofcapital •todi wbt ••ell —— «o«ld eauu •ay lap«lnMat ofUM aayltal of th« Oowmy and provide futhT that ttr•teaf of if o«a ttaaltel •toote ••lofiiif to tteo Cww - ••all ftot tx wfd dU—tly or iadiro«ftly«(!•) To 1—d aad odvaaoo to •uoh pT»oir» fix—i a««ooi««tloo« and oorpontiou, aad oa •adh fr— a* •ay ••«• a»p»-diootf aad fco otta»<rara of^ aad poMaoa having doalinf withtoo OMpaay> in ODM aooo«a«, mfpgyd or aooarod by oooda«warod aad —rcihandlao or land* and roal aa«af« or otauvia*aowoanr.

• ^ .' • t " o . . i- •• "

(IT) To aid by loaa of awy, property, credit, or ia aayothT lawful •aanT* any pfaoa, fixa or awooiatioa oroorporatioa of whicto tbo atooka« booda or ofcaar aaeoritioaor ovid—oaa of iad«bfdn«aa ar« hold by tba CoMpany, aad todo any aad all lawful aota or thioqa daai«ood to protaot,pc—arya« imrow or •ahaao* «h« valoo of aay aach atoofca,booda* aooaritioa or •vidaaoaa of. iadobtodaaaa*(It) To aoquirof hold* bay* aall, daal ia, loaaa or iaprovroal octato* aad tho tinfroa aad poraooal proporty inoidaa-tal thoroto or ooonaotad therewith, either aa principal oraoaot, aad with that oad la .view to aoqairo by porcbaao,. • *loaaOf hiro, or othoxwia«« laada* taa—aaf» h«rad4«a——taor aay intoroot tharain, aad to iaorovo the aaa«« aad aoBar*ally to bold, •aaaoo» doal with aad iaprove tbo proporty oftbo Coopaay, aad aell, 1-aae, •ortaaao* plo^ao of ofchorwia*diapoao-ot the laada« tail—ante and haredtta—nta or othorproporty of tha CaBpaay. - '(19) To hava ooo or •ore oftioaa« to carry oa all or aay ofita oporatiooa aad buaiaoaa aad without raatriotion or lialtaa to aaount, to puroaaao or othorwiae aoqaire, hold* owa,aortaaoo, aoll* oonyy» or otharwiao diapoa« of real aad

. poraonal property of ovary elaaa aad dee riptioa.(20) To do all aad avrythiaa aaoeeeary, editable and •proper for tho aoooBpliah—nt of aay of tho putpooee or thoattainaent of aay of tho objeota or tho furthoraaoo of aayof tb* pewara boroiiiboforo act forth •J principal, factor,aooac, coatraotor, or btherwiee, either alooo «r iaaaaooiatioa with othor; eorporatioaa* finu or individoale,aad to do every other act ofaote, thin« or thiAoa*laoidaateL or apMirtonaat to or arowia«r out of or connectedwith tho aforoaald pTpoaea* objoota or powara or aay partor parta thereof, provided tho aaae bo not iaooaaiatant withthe lawa under whioh tho Company ia orvaaised*(21) To cooaoo ia tho bttaiaeaa of aad to create and »ain-taia a aerviee or4aal«atioa for providiaa to othora for hireaaolooioal, oaoatoyaioal* enaineerina, •aintenanoe, uanaao-•eatf ooaatruotloo aad all ai«ilar or relatad eervioee fortho production, rafia—ant. reduction, troatoent, aepara-tioa, •eaeration aad utilixatioa of natural raaouroaa,including but oot United to petrolew bydrocarboaa, aaltwater (brine) and othor attbaeenoea, both liquid and gaaaooa.

166

afto—i dUtfibuta* tranapor«( ••11» raof/or Mbaxwi— daal ia and di—oaw •aaginaat bollara* fixtur—f auppliaa,otiMMr inat,runaata for tb« Jpfoduoftiebtr—c—a«» aapaffctoa* oanaratioa •HA

i, anplIanoM _utrwaau for tba production, rafinaaaat, raduotion,B«» aapaffctoa* oanaratioa —A tttlli»a«lon of natural—« i»cluai«g but not liaifd to pabrolaua hydrooar-kl« WatftteliMi —4 othar aubatanoaa, both liquid•OOa* — " ^ • ^ . •• ' . , . 1 . •' .

3^-\--;.-<.,,.. . tai^-ftt^U.AaiutAtrttttlwAAit^, tool., aaoaraur,., _,,,.,IT . • M«A»» lM&1141c« teatertalMf OMU«f««€l6a lM««rIai« •ad •"• \ : ' '- ' . «ooda» MUHM •a^ iMirah«a4iM of wry kl»A aad d«a«riutloo(

U •xaMrlMMt* invwiftt ?•««»«« •—H^atuw aao a«Mfallyo—l la «teA with ahcaloar* abMiaal ottapouaal, ehMiulp—Dfti«A«, ••cnr t WOOMMHHI •ad alxttur— et any ud •II ,kla&i to W —d ia tlha production 1 natural t—oaro—' orantf th*r ki«d of bu«in—. .04) ,TO p«rcb«««, IMUM froa othm* •ad oth*rvi«« aoquin/''owai iwld* dwlop» iapcow, opuraff «—, ••11, •ortff,1—— to oth«r« •Ml otamwi— diapo— of r—1 proporty •ni—tat—* —— iaffU thfia, •ad cooo—iou, IIMMMMfrmehi— r«l«tino th«r*t0i oil and ••« wll«, •ia««,quani—* b«ildia«« or oo—truuti— of —y natf, tuuu*jro«d«f loadiof r«olu« pip«liao«, pwpiof •tatioo** appli-MOM •ad «QRVii*QOU fcaf^o of- •vry kil l —d ohfOtf- "t»hat«6«r«r* to th« •xfnt that th« MUM •r* or —y bo aotteo-riMd •y tb* •tatot— undf whiob thi« eorporatioa i« ia—r*pomt d •ad by th« law of aay )url«diotioa wh«r«in aay •««fcwortf «r« locate.

• -. *(25) To pfo«p«ot, drill for* ttifl* twtf pr«p«r«« po ,prodoo«» rcoovwr, •tof» adapts buy* ««11» traiuport, «^otharwi— to tr«d« •ad d—1 la pctiflir, mitwl «a«« «o«l•ad otb«r oil*, •iimla aod bydrooarboa •«b«tano«i f •wMrykiaf •ad •II product*, by-prodttof* aod rwidoal pr«d«ct«th«r*of» to aoquir, drill* •Lak* own, Miinfin* op«raf 11d«vlop oil and ga« wlla ud pr«pu«, adapt, utill««» buy*a«ll •nd othar i— d«*l in and with th» produof tb«r«»f aitaarctroR in «uoh M*nn«r a« —y b« •dvaat«q*ou* or profit*ablo, and to transact any and all oth«r •buaio«a« partinmtfoollafralor inoidantal to any .or ta« purpoaea aforaaaid.{1%1 To locata, porchaaa, la«Mi* aoblaaa*, davalop, orotourvi— aoquira,'and to aall, •ort^aga* or othaniaa dia-poaa of .land* ooatainiag or baliavad to contain patcolf*oil natural gaa, and any ottoar Biaaral, wnathar aiailar or*diaai Llar, or any ono or ftora of thaa» and to drill orproapaot for or.produoo tha B«IM| to porohaaa, laaaa orotharviaa aoquira, and to aall, aortgaga or otharwiao dia-poao ocf dawlopod or producing oil* gaa and otbar ikiaaral -propartiaa or tba produota of auoh oil, gaa and othar •An-aralai to purobaaa* produoa and aall patrolauM, gaa andothar ainarala, and all of tha produota and byprodaota 'tharwof.(27) To angaga ia tha boainaaa of drilling oil walla aadahatta of ail'kinda) to purohaaa« ooaatruct, laaaa, own,aaa» oparata and Maintain aaohlnary, rigging and aqoipiMattor tha drilling of wU» and ahatta of all kinda.(21) To do ganarally any thinga inoidantal to or inoludadin tha boainaaa of drilling for, axploring for, producing,traating, piping, tranaporting, handling, Balling, or oaingpetrolauB or othar natural oila, gaaaa or ainaraia, and

PAOl 167

Ut—kanbata—— and my aad, all tha pcodneta thwof,by th——lvtf or la oaik&MUik ttiti otbaf katariala,

aa— ttr >ra—af» aad to do ao •ithnr aloaa «rwifPMNMIUI •fcd WynUMU* ' , . • ,

(lit <^ »•>«>•••, 1«—— — OCbarwiaa aOOOira ff«a| •f««,laadtf* lo—tioM* «nurf*a« ri«h«a, tiabT ri«hf« woodlaad**•< uubftr l«ate» w otbf rifbf, privil«9M, tnMiilM*,6——MBU mid IIBMHO of •II kindfl, «a4 to •e«r«f,tevf»« —11. 41«poM •x, •luiluuf or otbfwl— «ul latlM»««MI*'.< _ • •

00) To •«* «A4 ftyrau ««th«riA9 •y««Ml faf ttN» truupor-t*«io«» tirUtiM u4 —r<»l p«trol««* aat al •—,>trol*arff««4uof, *ad MiMur oil«, Ribfi« «a4 hydfoourlNMi•rtfaoa* f •vfy kiad.

i tte* b«rtou« wf pofpOM of 6h« Co^usy !• trot tiM tokiM f «o aay Mr or •ON of ttr •ot« and tteif twinatoov —«

:• /.(«rtil IU»A it •hall haw poww to ooaduafc aad aaxry — If —i4 •baai»—<» or uy> purt *h«mt» aod to •x*rai— aoy or •II of if

- oofor«t« 90—n •ad rl«bu. In fclr •taw of Ar^aoaaa aod in tao'•J'

vurio— etiMMT •tate«, Tunritorlu, Colooi«« aad dapandanoi— of• tka Oait •tat—, in ttr Olafcrlot pf ColMbia, aad in all or any

Coc«i— ooatri—*

« « •in—ration Bfia of tho objoof aad purpo—a of tooOtt aay aaall b« oooatm^ a« pomra aa wall a* objaota and

pupo— aad •—11 not — d—«d to •xoluda by iaforoaba •ay*

powara, o»j«cta or purpo— which th« do-pany ia aipot»a«^d to '•xfol—, whathar axpraaaly by fore* of t-ha law of tha •tate ofArkaqaaa mow or bTaaffr in •ffoot or i«pliadly by fcha

' raaalrtil* ooaatnaotion of tha •aid law.i*''- '

•r-r .y.^fi».S', - ' , - • . - • • . ' .

' ' " • • roaRT4< Tba agar^ata BQiabar of aluiraa of atook whiob tha* Ccflpaay ahall haw authoritey to iaaa* ia 10,000 •haraa aad tha

par valua of aaote of •tteh aharaa ia flO.ftO. All auoh aharaa am .• aaaionatad Coaaon .Ctoek aAd ara of ooa aAd tha aa— olaaa aad

•hall bava full «oti<r powara aad oqaal righta of participationia dividaada aad aaaata of tba CoMpaay.

rumi TIr COMpany will not oa—nra Duaia—a untiloa—idaratioa of tha valua of at laaat $300.00 baa b—a raoaivd

for taa iaaoaaea of aaaraa.

PAG3

1 relation to any other corporation inall, in the abaeno* of fraud* • . C:: 'ii- • ' ' ; -/' . ' ' • • " . s''-'.'' \ • , ia any way be> invalidated or otherwiae affected by the fact that . •- . • • ' • • •/

' ' aay on* or ••or* of fch* director* of the Company are per-u.-iiarily 7. ' . ' " 1 - - * ;;. ^ , • . . ^\M^or otherwia* infr««tad in, or are direofcora or ofticera of, auoh '. •' ' ;> • , 1 1 ' "'

other corporation. Any director of the Coeipany individually, or " : \ ''*•

., . aoy fin or asaociation of which any director aay be a »«»ber, . •<- :":. -.' , ' ' -.1. * » " " A

-•x'" ' '•'4i ' « ' *

„ . —y be a party to, or May be peouniarily or otherwiae intereatedw * ,

la, aay contract or tranaaofcion of the Company, provided that the^-

'' '• A

fact that he ihdividuall-y or «• a ma«ber of •uch £irn. or aaaooia" * <•• '. ».i • \ ^ . ?tioa ia •uch a party or ao intereatad and the extent of auoh

iatereafc aharll be diacloaed or shall have. bean known to a najor- . * • * *\ . •-. ' ' '• •'•

ity of the whola Board of Director* pteaent at the aeeting of the . ' * ' '• '•^ • <' • . • ' "'f

Board of Directora at which action upon any •uch contract or , • •• '• ' • . \ "' !

tranaacfcion ahall be takeni and any director of the'Coopany who " ' . •;« ia alao a director or officer of auoh corporation or who la auoh • . * • . r

(•unmmi Baoh olfioor* dirootor, of nibir of any fin—If

too 4ooi«—tod by tho •ourd of Difooton atoall, ia tbo pwtor— "•aaoo of kia dutioa, bo fwlly orotootod la rolyla« ia oood »-*h•poo tho boolu of •oooaat or rooorf mdo by tho CoBpmy by --,of If offiaiclB or by •a ind<p«ad>pt eortifiod poblie •oooo—'uit '• by — ftporai«or •olootod with fa«oaabl« earo by tho »---- ofOixooton o« by any •ooh oa—ifctoo pr rolyiny 14 oood (ai ^wa

other rooordi of tho CoMpoay.

• •)uuro« Of oapital •took or of which it i« « creditor, —•tut

.o«»on<o« •eto«lly and nooof«rily ioourrod by UUMI ia eonaootioawLcii th« 4»l«i— of Any •otioa, »ttic or proooading in which thoy»of any of th«i, •r« w^a p«rtl—^ <ar • party, by r—oa of boiaf

'»;'«.of h«viaf bom dlr*otor« ox; offiown or • dir«otor or oftiour of

tJM Coi«ay, or of •uoh otbar oorpockUoa, •xoopt In rolatiMi *a'1

•attor* — to whiah any •ooh dir*c«or or officer or foziMrdirootor of otfioor or poraoa •haU bo ad)ud«od In •uoh aotioo*•ul* or •roeoodiog to bo liable foir aooli«aac« or iiiiacoadaot iatbo pTfOfaaoa o; duty* tfuob pow«r to ind«uiify •ball ROC bodo—od —t—iwo of aay otbo* riftata.to whieh tbo— iAd—aifiod•y bo ootltlod —oof •ay bylaw» aaroa«ant» iroto of atooXboldoraor othorviao* . ' ' •: •--

rAOl 170

^ . ttiittti— ^—ttod aad OUUUhdiM »aaU — «u« oo« W tr«n«{er thor ' '

: than «ub Bitfttli tor'prowidod*^ ' . "" . '. A. •»Kre< of the CofMny held by any utooxholder —yMB tr—fomd (il by •uch •tooxholder to (•) 6h« ftyriura ntt>A»,i—atif f—ully (tho tor« *i——ia«o fa«ily> ttf—aa ,

, epott—, pif—cai d»eoe«daaf and * apou— of aay d—eiidaati; brothew, •i«fr«, —phew aad bieoen), or (b) the tfiffc——. <»< aay iatar vi»- trutMtabliahod by •ach •toexholder-

•. provided that •II ,tho be—fioiarlea thereof except ooatia-• r \ ——< b—efieiarillir are ——here f the eftookhalder'M •i——« .,•.-,.

. dff (—lly'f (it) by tlx •M«<mtor« or «4taial«fcftor« of tJM•• ««tate of Mah ««oditeol««r ih «6oord«Jio« wifch «h« t» it Mill

tary dinNftloM of. •ucdi •fcoaMhoiter, of ia tb« •vu« •fiat««t«oy ill •octor««no« with th* i««« of d««o*a« ««d dl«tri«>

,, botioa> •nd ,{iii) by fch* tnuce** of Any int&r vlvo« orto«t—MMry ftnut ••tabllabod by •ocb •to«kbold«r to (•)MW «nr«««l of •u«li tftuit* of (b) in aooofdano* witir DMfnM of •uoh ttift*. ,

•. Exo^e •« pfo«ld^ in » «ioa A of tehln Artlol*TB, •0 otb«f fcran«Cf •f •tooM of th« Coaeany by —r,or oth«nrl««, triM^hotf —d« voluat«rily or InvolunfcJur-2

WKXifif?»y» •ball b« nad* by a •tookholdwr until «ffr th« •took

•hall bav b—a o(f*N4 la wrifcino to tb« Co^any for par-cha— by it at a ario« at wbieb th« l«llin« •tookhold«r !•«rilli— to ••11. Tte* riMfy •hall hav fift—a (IS) damfr«r tn« rwMl— of —14 Afff vltteia whieh to •xuol— ifootioa to pairaha— all or a portioo of •dob •took. laidooti— •hall bo •iva to tho C«*Bpany by •kh« •tockhold«r bylotffJMat by Olifd •ffa certified —il *ddr«»«d to tt

. CoHpa at ita rofitu^ offieo. «MI (Hurobaoo of ••oh

at a prioo at tfbieh tho lollina atookhold«r !•willi— to •oil. Th«C«—«ky •hall hav fift—a (IS) dayfr«r tho roool— of —14 off—1 within whioh to •xuol— ifoptioa to puireha— all or a portioo of •dob •took. laidootioo •hall bo •iva to tho C«*Bpany by •kh« •tookholder by alotffJMat by Oaifd •ff eortitlod —il •ddr——4 to thoCoHpa at ita r—lfl*— offieo. «&• (Hurohaoo of ••oh '

tho Coapoay only oat of •amod •«rpltr«bo —do by aotloa of tho Board ofaay aeftioa of tho •toakboldor«*

•took—y bo nado by tho Co«p«ay oaly oat of —rnoJ •«rpltr«bat-«6aa pfaha— —y bo —4o by aotloa of tho Board of

. Diroetorc aad without aay aeftioa of tho •toakbolaora*C. XA tbo ovoat that fcho Co«pany ahould fail, rofnao

of bo uaablo to oxuroi— within fitt—a (IS) day affrnKfoipt of tho afar—id offer if option too pareh—— •II or• portioo of auch •took, tho Co^any •hall tranudt to thor—iniJiq •tookholdor* teho offer to porch*— •aid •took oxtho bBlaoeo thoroof which tho Company baa olooted oot to(niroha— at tho prioo at whioh it had booa •o offorod to thoCOBpany. Th« tran—Tttal of •uch offer to tho rwnaininq•tookholdora of tho Cwiaaay ahall bo —do within fivo (S)day affr tho expiration of tho delay granted to theCoMpoay within which to exeroi— if prior opeioa aad •ballbo —at by «nifd •ff certified —II addre—d to —eh•tockhold«r at tho addr— of —id •toekholder — •hown bytho Oafciiy'ft roooctfa* Booh aoti— •hall bo in writioagivino tho afber of ftharoo'balag offered for •ale aatf thoyrioo at wtiiob •aid •bar— are beitttf offered, fltoekholaorcof tho Co—paay •o decirfng to purehaaa •uoh •took •hall ——to tho Pa—any withia fa (10) day affr tho afor—ld•otieo ba« been —iled written euboariptionii for tho DUBberof oharoa o—ired* Kaoh of •uoh r—ainina •tookholdor*•hall bo entitled to puroba— a pro rata amount of fcho<rffe—d •took hat—I •pon the proportion of hil holdiao« totho entire ouftaaUAf •lock* oxoKrive of the •took ownodby the —llii •tookholdorf aad if •t tho expiration of tho•i« 10-day period •a— but hot •II of •uch other•tookholdor* —v oloetod to puroha—, then the •tookholdof•teO did •o elect •hall have an additional five (S) day«AUki« whioo to oloot to pureha— the oharefl which tho— whofilled to exeroi— their option would have b—n entitled topuroha—.

• . * . • . . 0

is "*•%:»•'•'"4'-.'.•

.^pur« of thu •h«f o»* d 1^ ««i«, otf if .l»tttt6l teteb^ 1 •hu«« fto tefffdfof —to, U

__ •l S.ft**; ^ •te<tltlM»l<toM|» or both, th«« tta4•w —— •«hftt«B«—d •aaU b* traKin t thi kto<rithold«tfM« teffir*diA«kte« for —r&nd tha uitf •fco«xholdT«a«n^ tWJTifl^tftaruft^ «« k«n ^u •telttowto-omwin pyA^kM —y pwiSd» howr, that tir «al« Wk» i««^ •kJiii * « iwi .A, «« ^y Kww ftiriat tluu» ttea« *•b« M4«

—.•Ar of •neli •iodt •b«irttM'iM~—2«~ia«fit day affrkW tfaf tepoa iftfb •ftid «took . -> ttffwnkd m Ur Cowy«

OMWMaf •tflttiMklly, •a4 MwUMeh MtwSt •ball ftM fa« —S* l«fr

'l:~'--, • -,<• • ,7'- •'5r'-; -. r)T •'i,,.:'- '*, •J-'Sfc.,-'ft' Ta

•^•^ l••1-^-••-^'Nai

. ». «• MAtttloc.1 •hu*« •bli b« U«u«l ia o«»With aay.ofetinf IMMUT thin ftrUar» bt oaly «riwi«will ta iuu f tb« •toakhold tt*

». All •teate *o purahawd by fch« CtaWttV uad&r mid»f—at to tte »roviil<MU of fchitt Aftlel* •hall te«

»ll«d by «h« OMwaay fortfawitte.4* N6 te«a«f»f of •toaM •hall te iRiftdiag upoii th«

•• ' & ffwiwf to thi* Artlcl* ahall b« plao^ opoa•oh otttlfieaf of eapital •ftoak iJMUftd by Ur Co^uy M^U« piwUio— tiMUMf aball b« biadlaff ttpoa «v«cy p*r«oa«ow &f lhurteft«r bMoaing A •tooXhol tar of th« CMumy, •II

• of •(Mft •toll fir MMb cwpitol •tooM •tttoj«oc to th« provl-•l«r iMffMff uJ •II pitl—r* hypo6lM«ufciontt or oth*r •>B—'teaao— of •aU •cook or d—tiaqfl with r ard thanto •hallliXti— IM •afcl—t to tb« proviciOM b«r«of.

o^-.^^>...x.•AA•3.i' ^~\

- „••••' ' r * 'Wla^)-

-. •."' f

' • ' 'i ' •'•••• ;^ •*•;;l':i• •;,. .y 2,5.-,• ••• • ::t.. ••.v.-^sr-.^-V •'•'ii-W..^i^^^.'.-•f- w-f -_»;'r •"•• . > > t • - - - • •"aE-*'»" .-K-*1®

nzxnnm* ttx CtMpiuy hu«by n««nrw tlw riffat toaltar* «lutttf» off ropoal any provision ooatalnod in th—Attiol— of Zaoarporatloa in fch* MannT now or bfaffr .pewcttbuA by 1««, And •II xiqhte aod poMf oonf«rfd bT^n •a•toelltoldf, difo^of and officm ar« •ubj«ot to .thi* r«Bfvd

XI Mzm— WOUM, X trv b«r«unto ••« ny hand and wl aag«rtld«»nf _V^y^h • l>ha-

i;^/.^^^>:'^

-••-•"?^N^.i|' .•'••-." . M ' •*• , - . '

•• » •,^^'^- -»-r . '^^f,}- •^1 ' . ^^ <' •..!*.;. ,:,v.^,.,1 • 1^

- ./ •

• : '•'-•^f-.c-' l' ff.1^ ,i-^ '. >•.:lr<.W .;.".1 •'•.•"" ' •• 'W

...""i. .,,.,

..^•'^••;- • ; • ' • • : ;;: ^ " " . Ml It iNO—opti

l»M» .NitoMI *«> tta to4«««i«—J« « ifobury- Publio wifchia ^ol for

^ ,« ^ •WWA1^^.:' ' iC taxmtB, ttx /noor»ofW »Athi« ttr faMfAnf Artial— •i <

X^cwrperttioAf tiaMHl to •• p«nmuilly to )»• •udi, tod;JHO)fl|BMi •<!><» th« •te« to k« hi« tot litf «Md« «a4 thM ilM tiMto .

.ii»'<.i * - . . - . ; •. ^.^Mft n tato^ UM famly ••« fftftte* •

%iX4 '» . ."/•-—'•WIMBII

''. •fartoaiJ. ' •

0* itt ct JO, IM2•MD* •W 3, 1—2WJtaywrn coonnr €&•^B>3r^—p-e-

,«.••?» ••.••<'•.I St . 1 1 1

' i:1M^

. - ^

• t 1 . 1 , ; 1 1 1^. 1 1 ^ , ^ '1 ' . " " , " ^..-^''^•r'.^I^A'••;^i••''^Wtf-T,-^^-

". <-1 ' - ••' • •tf9

. '"-fe.-i-t1•-^^.^^^r-^ lA .,

'^iii1