Exhibit 3.2
ARTICLES OF AMENDMENT
TO THE
ARTICLES OF INCORPORATION
Pursuant to the provisions of the Colorado Corporation Code, the
undersigned corporation adopts the following Articles of Amendment to its
Articles of Incorporation:
FIRST: The name of the corporation is: Solar Satellite Communication, Inc.
SECOND: The following amendment was adopted by the shareholders of the
Corporation on June 6, 1983, in the manner prescribed by the Colorado
Corporation Code:
A new Article III has been adopted, the full text of which states:
ARTICLE III
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The total number of shares of all classes of capital stock which the
corporation shall have authority to issue is 151,000, 000, consisting of
1,000,000 shares of preferred stock, $.00l par value, and 150,000,000 shares of
common stock, $.00l par value per share.
(a) Preferred Stock. The designations and the powers, preferences and
rights, and the qualifications, limitations or restrictions, of the preferred
stock shall be as follows:
(1) The Board of Directors is expressly authorized at any time and from
time to time to provide for the issuance of shares of preferred stock in one or
more series, with such voting Powers, full or limited, or without Voting powers
and with such designations, preferences and relative, participating, optional or
other special rights, and qualifications, limitations or restrictions thereof,
as shall be stated and expressed in the resolution or resolutions providing for
the issue thereof adopted by the Board of Directors and as are not stated and
expressed in these Articles of Incorporation or any amendment thereto, including
(but without limiting the generality of the foregoing) the following:
(i) The designation and number of shares of such series.
(ii) The dividend rate of such series, the conditions and dates
upon which such dividends shall be payable, the preference or relation which
such dividends shall bear to the dividends payable on any other class or classes
or of any other series of capital stock, whether such dividends may be paid in
cash, shares of common stock or preferred stock or in assets of the corporation
and whether such dividends shall be cumulative or noncumulative.
(iii) Whether the shares of such series shall be subject to
redemption by the corporation and, if made subject to such redemption, the
times, prices and other terms and conditions of such redemption.
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(iv) The terms and amount of any sinking fund provided for the
purchase or redemption of the shares of such series.
(v) Whether or not the shares of such series shall be convertible
into or exchangeable for shares of any other class or classes or for any other
series of any class or classes of capital stock of the corporation and, if
provision be made for conversion or exchange, the times, prices, rates,
adjustments and other terms and conditions of such conversion or exchange.
(vi) The extent, if any, to which the holders of the shares of such
series shall be entitled to vote as a class or otherwise with respect to the
election of the directors or otherwise.
(vii) The restrictions, if any, on the issue or reissue of any
additional preferred stock.
(viii) The rights of the holders of the shares of such series upon
the dissolution or winding up of, or upon the distribution of assets of, the
corporation.
(2) Except as otherwise required by law and except for such voting
powers with respect to the election of directors or other matters as may be
stated in the resolutions of the Board of Directors creating any series of
preferred stock, the holders of any such series shall have no voting power
whatsoever.
(b) Common Stock. The holders of common stock shall have and possess all
rights as shareholders of the corporation, including such rights as may be
granted elsewhere by these Articles of Incorporation, except such rights may be
limited by the preferences, privileges and voting powers and the restrictions
and limitations of the preferred stock.
Subject to preferential dividend rights, if any, of the holders of
preferred stock, dividends upon the common stock may be declared by the Board of
Directors and paid out of any funds legally available therefor at such times and
in such amounts as the Board of Directors shall determine.
Dividends on shares of common stock and preferred stock may be paid in
shares of common stock or preferred stock.
The capital stock, after the amount of the subscription price has been paid
in, shall not be subject to assessment to pay the debts of the corporation.
Any stock of the corporation may be issued for money, property, services
rendered, labor done, cash advances for the corporation or for any other assets
of value in accordance with the action of the Board of Directors, whose judgment
as to value received in return therefor shall be conclusive, and said stock when
issued shall be fully paid and nonassessable.
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THIRD: The number of shares of the corporation outstanding at the time of
such adoption was 47,000,000 and the number of shares entitled to vote thereon
was 47,000,000.
FOURTH: The designation and number of outstanding shares of each class
entitled to vote thereon as a class were as follows:
None.
FIFTH: The number of shares voted for such amendment was 47,000,000; and
the number
of shares voted against such amendment was 0.
SIXTH: The number of shares of each class entitled to vote thereon as a
class voted for and against such amendment, respectively, was: None.
SEVENTH: The manner, if not set forth in such amendment, in which any
exchange, reclassification, or cancellation of issued shares provided for in the
amendment shall be effect, is as follows: No change.
EIGHTH: The manner in which such amendment effects a change in the amount
of stated capital, and the amount of stated capital as changed by such
amendment, are as follows:
The amendment will effect a change in the amount of stated capital. The
stated capital of $0 as of the date of signing of these Articles of Amendment
will be increased to $47,000 by means of a reduction in the capital in excess of
par value in the amount of $47,000.
SOLAR SATELLITE COMMUNICATION,
INC.
By /s/ Paula Herzmark
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Its President
and /s/ Raymond T. Baker
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Its Secretary
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Subscribed and sworn to before me this 7th day of June, 1983.
My commission expires:2-4-86
/s/ Sharon D. Dooley
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Notary Public
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