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~ILcp ly C'Jt;NTY CLERK'S CfFiCE <br />tSALL C3U~VTY, PaEBRASKA <br />P~pAR10R1E ?-iA;JB^L+~, Cf?UNTY C3_E,RK <br />APt~ 1 9 1979 <br />aM PN <br />V. ?$1~;10,11t12t 1,213~~f5if <br />N nG I T n C >•tJn~ n R ~ ~~ 1 1 <br />LIMiTATIO..S .,. LIABI_I.Y .,F „NAR.,..,.~.,E..S <br />Except to the extent of unpaid subscriptions, if any, on the shares of <br />capital stock owned by the shareholders of the corporation, no recourse shall <br />be had against the private property of the stockholders as such, present or <br />future, for the payment of the debts of the corporation, or of any successor <br />corporation, or otherwise, whether by virtue of any constitution, statute, <br />or rule of law, or by the enforcement of any assessment or penalty, or by <br />any legal or equitable proceeding or otherwise. <br />VI. <br />MANAGEMENT OF AFFAIRS <br />The business of the corporation shall be managed by its Board of <br />Directors, which shall have and may exercise all the powers of the corporation, <br />except as otherwise provided in these Articles or the Bylaws of the corporation <br />as from time to time amended. The Board of Directors of the corporation is <br />hereby specifically authorized and empowered from time to time, in its <br />discretion, to make, alter, and repeal Bylaws of the corporation. <br />VII. <br />ELECTION OF BOARD OF DIRECTORS <br />The election of Directors need not be by ballot. <br />VIII. <br />CONTRACTS <br />In the absence of actual fraud, no contract made or other action taken <br />by the concurrent votes of a majority of the entire number of Directors shall <br />be invalid or voidable by reason of the fact that some or all of the Directors <br />are interested, nor shall any Director be incapacitated from voting upon such <br />contract or with respect to any such action by reason of such interest. <br />The corporatio^ may from time to time enter into contracts and .agreements. <br />for the management and supervision of alt or any part of its business by any <br />other corporation, or any joint stock carpany, trust, firm, association, or <br />person, and for the payment of compensation therefor. Any provisions of <br />such contracts relating to compensation shall require the authorizing vote, <br />passed at a meeting duly convened for the purpose of the majority of the <br />common stock of the corporation at the time outstanding. <br />IX. <br />RESTRICTIONS ON TRANSFER OF STOCK <br />The shareholders may mutually agree that the transfer of stock shall <br />be restricted and provide the terms of such restrictions. Such restrictions <br />shall-then be placed in the Bylaws and reference shall be made thereto on <br />the stock certificates when issued. <br />z. <br />AMENDMENTS <br />The corporation reserves the right to amend, alter, change or repeal <br />any and all provisions contained in these Articles of Incorporation, in the <br />