MARVIN MANDEL, Governor

1523

(6)(I) THE TOTAL NUMBER OF SHARES OF STOCK OF
ALL CLASSES WHICH THE CORPORATION HAS AUTHORITY TO ISSUE;

(II)   THE NUMBER OF SHARES OF STOCK OF EACH
CLASS;

(III)   THE PAR VALUE OF THE SHARES OF STOCK OF
EACH CLASS OR A STATEMENT THAT THE SHARES ARE WITHOUT
PAR VALUE; AND

(IV)     IF THERE ARE ANY SHARES OF STOCK WITH
PAR VALUE, THE AGGREGATE PAR VALUE OF ALL THE SHARES OF
ALL CLASSES;

(7)    IF THE STOCK IS DIVIDED INTO CLASSES AS
PERMITTED BY §2-105 OF THIS SUBTITLE, A DESCRIPTION OF
EACH CLASS INCLUDING [[THE]] ANY PREFERENCES, CONVERSION
AND OTHER RIGHTS, VOTING POWERS, RESTRICTIONS,
LIMITATIONS AS TO DIVIDENDS, [[AND]] QUALIFICATIONS, AND
TERMS AND CONDITIONS OF REDEMPTION: AND

(8)   THE NUMBER OF DIRECTORS AND THE NAMES OF
THOSE WHO WILL SERVE AS DIRECTORS UNTIL THE FIRST
ANNUAL MEETING AND UNTIL THEIR SUCCESSORS ARE ELECTED
AND QUALIFY.

(B) PERMISSIBLE PROVISIONS.

THE ARTICLES OF INCORPORATION MAY INCLUDE:

(1)    ANY PROVISION NOT INCONSISTENT WITH LAW
WHICH DEFINES, LIMITS, OR REGULATES THE POWERS OF THE
CORPORATION, ITS DIRECTORS AND STOCKHOLDERS, ANY CLASS
OF ITS STOCKHOLDERS, OR THE HOLDERS OF ANY BONDS, NOTES,
OR OTHER SECURITIES WHICH IT MAY ISSUE;

(2)   ANY RESTRICTION NOT INCONSISTENT WITH
LAW ON THE TRANSFERABILITY OF STOCK OF ANY CLASS;

(3)   ANY PROVISION AUTHORIZED BY THIS ARTICLE
TO BE INCLUDED IN THE BYLAWS;

(4)    ANY PROVISION WHICH REQUIRES FOR ANY
PURPOSE THE CONCURRENCE OF A GREATER PROPORTION OF THE
VOTES OF ALL CLASSES OR OF ANY CLASS OF STOCK THAN THE
PROPORTION REQUIRED BY THIS ARTICLE FOR THAT PURPOSE;

(5)    A PROVISION WHICH REQUIRES FOR ANY
PURPOSE A LESSER PROPORTION OF THE VOTES OF ALL CLASSES
OR OF ANY CLASS OF STOCK THAN THE PROPORTION REQUIRED BY
THIS ARTICLE FOR THAT PURPOSE, BUT THIS PROPORTION MAY
NOT BE LESS THAN A MAJORITY OF ALL THE VOTES ENTITLED TO
BE CAST ON THE MATTER;