BOARD MEETING MINUTES
Formation Meeting: Bylaws, Annual Shareholder Meeting
19SEPT2016
Meeting Held in Facebook Messages between 19SEPT2016 5:14PM EST - 19SEPT2016 2:54PM EST
Members Present
Jah Lightning Dadzie
ManJal ManJal
Livingston Lewis (aka Ziggie Bless)
Erica Eberhardt (aka Queen Erica)
Members Absent
Andile Powsa (aka Itesman)
Approval of Minutes
Minutes of the Meeting on 09SEPT2016 approved without modification
Business
Jah Lightning opened the meeting
Jah Lightning motioned that the annual meeting for shareholders be held on May 18th at 5:30PM EST.
Motion carried.
Livingston motioned that the Board of Directors consist of five people.
Motion carried.
Livingston motioned that the President be allowed to call a special meeting of the shareholders.
Motion carried.
Next meeting scheduled to begin on 24SEPT016 at 5:30PM EST
Meeting adjourned on 19SEPT2016 at 5:54PM EST by Jah Lightning.
Formation Meeting: Bylaws, Annual Shareholder Meeting
19SEPT2016
Meeting Held in Facebook Messages between 19SEPT2016 5:14PM EST - 19SEPT2016 2:54PM EST
Members Present
Jah Lightning Dadzie
ManJal ManJal
Livingston Lewis (aka Ziggie Bless)
Erica Eberhardt (aka Queen Erica)
Members Absent
Andile Powsa (aka Itesman)
Approval of Minutes
Minutes of the Meeting on 09SEPT2016 approved without modification
Business
Jah Lightning opened the meeting
Jah Lightning motioned that the annual meeting for shareholders be held on May 18th at 5:30PM EST.
Motion carried.
Livingston motioned that the Board of Directors consist of five people.
Motion carried.
Livingston motioned that the President be allowed to call a special meeting of the shareholders.
Motion carried.
Next meeting scheduled to begin on 24SEPT016 at 5:30PM EST
Meeting adjourned on 19SEPT2016 at 5:54PM EST by Jah Lightning.
Bylaws, Page 2
8. All shareholders' actions require the assent of a majority of the corporate shares that have been issued, but if state law requires a greater number of votes, that law will prevail.
[ ] Exception: _____________________ requires the assent of _____ of the corporate shares that have been issued.
9. Shareholders may, by written consent, take any action required or permitted to be taken at an annual or special meeting of shareholders. Such action may be taken without prior notice to shareholders. The written consent must:
Article II: Stock
1. Stock certificates must be signed by the president and secretary of the corporation.
2. The name of the person owning shares represented by a stock certificate, the number of shares owned, and the date of issue will be entered in the corporation's books.
3. All stock certificates transferred by endorsement must be surrendered for cancellation. New certificates will be issued to the purchaser or assignee.
4. Shares of stock can be transferred only on the books of the corporation and only by the secretary.
Article III: Board of Directors
[ ] Exception: _____________________ requires the assent of _____ of the corporate shares that have been issued.
9. Shareholders may, by written consent, take any action required or permitted to be taken at an annual or special meeting of shareholders. Such action may be taken without prior notice to shareholders. The written consent must:
- state the action taken, and
- be signed and dated by the owners of shares having at least the number of votes that would be needed to take such action at a meeting.
Article II: Stock
1. Stock certificates must be signed by the president and secretary of the corporation.
2. The name of the person owning shares represented by a stock certificate, the number of shares owned, and the date of issue will be entered in the corporation's books.
3. All stock certificates transferred by endorsement must be surrendered for cancellation. New certificates will be issued to the purchaser or assignee.
4. Shares of stock can be transferred only on the books of the corporation and only by the secretary.
Article III: Board of Directors
- The board of directors will manage the business of the corporation and will exercise all the powers that may be exercised by the corporation under the statutes of the State of _____________________, the articles of incorporation, or the corporate bylaws.
