EXHIBIT 3.8
ARTICLES OF AMENDMENT
OF
SAKER ONE CORPORATION
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ARTICLES OF AMENDMENT
TO THE
ARTICLES OF INCORPORATION
OF
SAKER ONE CORPORATION
Pursuant to the provisions of Section 16-10-57, Utah Code Annotated,
1953, as amended, the undersigned corporation adopts the following Articles of
Amendment to its Articles of Incorporation.
FIRST: The name of the corporation is Saker One Corporation
SECOND: All of the common voting stock of the corporation, whether
issued or not, is to be split in reverse on a ratio of 10 to 1, so as to reduce
the number of shares authorized from 100,000,000 to 10,000,000, and reduce the
number of shares issued and outstanding from 99,389,995 to 9,938,999
proportionately among issued and outstanding shares. The par value of said
shares shall be increased from $0.001 (one mill) to $0.01 (one cent) per share
so that the par value of the authorized stock shall remain at $100,000.00.
Articles IV of the Articles of INCORPORATION WAS AMENDED BY THE SHAREHOLDERS OF
THE CORPORATION ON THE 21ST day of November, 1989, in the manner prescribed by
the Utah Business Corporations Act to read as follows:
ARTICLE IV
AUTHORIZED SHARES
1. The aggregate number of shares which the Corporation shall have authority to
issue is 10,000,000 shares, having a par value of $0.01 (one cent) per share.
The stock shall be designated as Class "A" voting common stock and shall have
the same rights and preferences. The stock of the Corporation shall be
nonassessable. Fully paid stock of this Corporation shall not be liable to any
further call or assessment. The total capitalization shall be $100,000.
2. The shares of Class "A" common stock shall not be divided into classes
and may not be issued in series.
THIRD: The number of common voting shares of the corporation
outstanding at the time of the adoption of the amendment was 99,389,995 and the
number of shares entitled to vote on said amendment was 99,389,995.
FOURTH: The number of shares voting for the proposed amendment was
68,208,320 and the number of shares voting against the proposed amendment was
15,650.
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FIFTH: This amendment does not increase the authorized capital stock
of the corporation and it remains at $100,000.
DATED THIS 21ST day of November, 1989.
SAKER ONE CORPORATION
BY:/S/JOHN J. SASSAK
President
ATTEST:
/S/DAWN SASSAK
Secretary
STATE OF MICHIGAN )
)ss.
COUNTY OF WAYNE )
We, John J. Sassak and Dawn Sassak, respectively president and
secretary of Saker One Corporation, a Utah Corporation hereby certify as
follows:
That a duly constituted meeting of the stockholders of the corporation was held
at 39940 Ford Road, Canton, Michigan 48180, on the 21st day of November, 1989 at
4:00 p.m. and that at such meeting a majority of the shareholders of the
corporation were present in person or by proxy, that the foregoing Articles of
Amendment were adopted by vote of a majority of the shares as shown in Article
Four of the Articles of Amendment and that thereupon the said amendment was duly
adopted.
IN WITNESS WHEREOF, we have made, subscribed and acknowledge the
foregoing to be true of our own knowledge this 22nd day of November, 1989.
/S/JOHN J. SASSAK
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John J. Sassak, President
/S/DAWN Y. SASSAK
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Dawn Y. Sassak, Secretary
SUBSCRIBED AND SWORN TO BEFORE ME THIS 22ND day of November, 1989.
MY COMMISSION EXPIRES: /S/D.O. SUMMERS
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Notary Public
May 1, 1990 Residing in Wayne County
