2002_0812_packet - Laserfiche WebLink

Home

��, � ARTICLE V. The name and address of the first Board Director is: George T. Frambo, 2509 Pearson Parkway, Brooklyn Park, Minnesota 55444. ARTICLE VI. A director of the corporation sha11 not be personally liable to the corporation or its shareholders for monetary damages for breach of fiduciary duty as a director, except for (i) liability based on a breach of the duty of loyalty to the corporation or the shareholders; (ii) liability for acts or omissions not in good faith or that involve intentional misconduct or a knowing violation of law; (iii) liability based on the payment of an improper dividend or an improper repurchase of the corporation's stock under Section 559 of the Minnesota Business Corporation Act (Minnesota Statutes, Chap. 302A) or on violations of federal or state securities laws; (iv) liability for any transaction from which the director derived an improper personal benefit; or (v) liability for any act or omission occurring prior to the date this Article VI becomes effective. If Chapter 302A of the Minnesota. Business Corporation Act hereafter is amended to authorize the further elimination or limitation of the liability of directors, then the liability of a director of the corporation in addition to the limitation on personal liability provided herein shall be limited to the fullest e�tent permitted by the amended Chapter 302A, the Minnesota Business Corporation Act. �N WITNESS REOF, I have hereunto , 2002. STATE OF MINNESOTA ) ) SS. � set m hand this � da. of Y Y � � .�� 'v��-�4t��>'�`.= GEORGE T. FRAMBO STATE OF MINNESOTA DEPARTMENT OF STATE FILED ��t� 0 7 2�OZ �''� COUNTY OF HENNEPIN ) '� fl' . /�'� Se� oi S te e forego�ng was aclmowledged before me tlus �ay� o�` 002, by George T. Frambo. U - -_-- tary Public + �JEFFR.-n a I.EVY N!'?.4RYPUBLIC-MINNESOTA �!± L;; G:.mt:.�, �:��. _r.n:... ,,� �1 - :=�'�-'• _•- .� JEFFR�1f A. L�1'� . `� ~� NOTARY PUBLIC • MINNESOTh `�' �, �q�ypyp� �xpYee Jan. 31, 2G:5 - I 2 _ --- .