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FILED
In the Office of the
Secretary of State of Texas
JUL 11, 2000
Corporations Section
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ARTICLES OF INCORPORATION
OF
DISCOUNT MORTGAGE SOURCE, INC.
I, the undersigned natural person of the age eighteen (18) years or
more, a citizen of the State of Texas, acting as incorporator of a corporation
under the Texas Business Corporation Act, do hereby adopt the following Articles
of Incorporation:
ARTICLE I The name of this corporation is Discount Mortgage Source, Inc.
ARTICLE II The period of its duration is perpetual.
ARTICLE III Its registered office in the State of Texas is to be located
at 750 I-30 East, Suite 170, Rockwall, Texas 75087, and the
registered agent in charge thereof is Michael Kamps at 750
I-30 East, Suite 170, Rockwall, Texas 75087.
ARTICLE IV The nature of the business and, the objects and purposes
proposed to be transacted, promoted and carried on, are to do
any or all the things herein mentioned as fully and to the
same extent as natural persons might or could do and in any
part of the world, viz:
"The purpose for which the Company is organized is to engage
in any lawful business allowed to be conducted by a
Corporation under the Act, that is not forbidden by the Law of
the Jurisdiction in which the Company engages in that
business."
ARTICLE V The amount of the total authorized capital stock of this
corporation is Fifty Million (50,000,000) shares of $0.001 Par
Value.
ARTICLE VI The corporation will not commence business until it has
received for the issuance of its shares consideration of the
value of at least One Thousand Dollars ($1,000.00), consisting
of money, labor done or property actually received.
ARTICLE VII The name of the incorporator is as follows:
Michael Kamps
750 I-30 East, Suite 170
Rockwall, Texas 78087
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ARTICLE VIII The powers of the incorporator are to terminate upon filing of
the articles of incorporation, and the name and mailing
address of persons who is to serve as director until the first
annual meeting of stockholders or until the successors are
elected and qualify is as follows: Pamela McCune 750 I-30
East, Suite 170 Rockwall, Texas 78087
ARTICLE IX Elimination or Limitation of Liability of Directors
No director shall be liable to the corporation or its
stockholders for monetary damages for breach of fiduciary duty
as a director: provided, however, that nothing contained
herein shall eliminate or limit the liability of a director
(i) for any breach of the director's duty of loyalty to the
corporation or its stockholders, (ii) for acts or omissions
not in good faith or which involve intentional misconduct or a
knowing violation of law, (iii) for any transaction from which
the director derived an improper personal benefit, or (iv) for
any act or omission occurring prior to their directorship.
ARTICLE X Indemnification of Directors and Officers
The corporation shall indemnify the directors and officers of
the corporation, and of any subsidiary of the corporation, to
the full extent provided by the laws of the State of Texas.
Expenses incurred by a director or officer in defending a
civil or criminal action, suit or proceeding shall be paid by
the corporation in advance of the final disposition of such
action, suit or proceeding upon receipt of an undertaking by
or on behalf of such director or officer to repay such amount
if it shall ultimately be determined that he is not entitled
to be indemnified by the corporation. In addition, the
corporation may advance expenses of such nature on any other
terms and/or in any other manner authorized by law.
ARTICLE XI Amendment of Bylaws
In furtherance and not in limitation of the powers conferred
by statute, the Board of Directors is authorized to adopt,
amend or repeal the bylaws of the corporation.
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I, THE UNDERSIGNED, for the purpose of forming a Corporation under the
laws of the State of Texas, do make, file and record these Articles and do
certify that the facts herein are true; and I have accordingly hereunto set my
hand.
Dated this 10th day of July 2000.
/s/ Michael Kamps
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Michael Kamps, Incorporator
State of Texas |
|
County of Rockwall |
Before me, a notary public, on this day personally appeared Michael
Kamps, known to me to be the person whose name is subscribed to the foregoing
document and, being by me first duly sworn, declared that the statements therein
contained are true and correct.
Given under my hand and official seal of office on the 11th day of
July, 2000.
/s/ Annette Reeves
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Notary Public
in and for the State of Texas
[Symbol omitted] ANNETTE REEVES
NOTARY PUBLIC
State of Texas
Comm. Exp. 01-25-2004
My commission expires:
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