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Title: |
Articles of Organization |
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Date: |
2004 |
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Preview shows 15KB of 59KB total |
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$37 |
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#1654656 |
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THE COMMONWEALTH OF MASSACHUSETTS
OFFICE OF THE MASSACHUSETTS SECRETARY OF STATE
MICHAEL J. CONNOLLY, SECRETARY
ONE ASHBURTON PLACE, BOSTON, MASS. 02108
ARTICLES OF ORGANIZATION
(UNDER G.L. CH. 156B)
INCORPORATORS
NAME POST OFFICE ADDRESS
INCLUDE GIVEN NAME IN FULL IN CASE OF NATURAL PERSONS: IN CASE OF A CORPORATION,
GIVE STATE OF INCORPORATION.
Mark Paulino 109 Bartholomew Street
Peabody, MA
The above-named incorporator(s) do hereby associate (themselves) with the
intention of forming a corporation under the provisions of General Laws, Chapter
156B and hereby state(s):
1 The name by which the corporation shall be known is:
REGIONAL WASTE SERVICES, INC.
2. The purpose for which the corporation is formed is as follows:
See Section 2A attached hereto and incorporated herein by reference.
87 146069
Note: If the space provided under any article or item on this form is
insufficient, additions shall be set forth on separate 8 1/2 x 11 sheets of
paper leaving a left hand margin of at least ' inch for binding. Additions to
more than one article may be continued on a single sheet so long as each article
requiring each such addition is clearly indicated.
/s/ [ILLEGIBLE]
---------------
Examiner
/s/ [ILLEGIBLE]
---------------
Name Approved
C / /
P /X/
M / /
R.A. / /
/s/ [ILLEGIBLE]
---------------
P.C.
DO NOT USE PHOTOCOPIES - ORIGINALS ONLY WILL BE ACCEPTED FOR FILING
NOTE: ONCE DOCUMENT IS ACCEPTED AND FILED, CHANGES MUST BE BY AMENDMENT OR
CERTIFICATE OF CHANGE ONLY
<Page>
3. The total number of shares and the par value, if any, of each class of
stock within the corporation is authorized as follows:
<Table>
<Caption>
WITHOUT PAR VALUE WITH PAR VALUE
----------------- ----------------------------------------
PAR
CLASS OF STOCK NUMBER OF SHARES NUMBER OF SHARES VALUE AMOUNT
----------------- ----------------- ---------------- ------ ------------
<S> <C> <C> <C> <C>
Preferred $
Common 150,000 $ 0.10 $ 15,000.00
</Table>
*4. If more than one class is authorized, a description of each of the
different classes of stock with, if any, the preferences, voting powers,
qualifications, special or relative rights or privileges as to each class
thereof and any series now established:
None
*5. The restrictions, if any, imposed by the Articles of Organization upon the
transfer of shares of stock of any class are as follows:
See Section 5A attached hereto and incorporated herein by reference
*6. Other lawful provisions, if any, for the conduct and regulation of business
and affairs of the corporation, for its voluntary dissolution, or for
limiting, defining, or regulating the powers of the corporation, or of its
directors or stockholders, or of any class of stockholders
See Section 6A attached hereto and incorporated herein by reference.
*If there are no provisions state "None".
<Page>
SECTION 2A
To conduct a corporate business for the purpose of rendering services
of any and all types, nature and description having to do with: establishing,
owning, buying, selling, operating and managing waste hauling and waste disposal
companies and related entities; owning, leasing, operating and managing
landfills, transfer stations, incinerators and any other facilities used in
connection with waste hauling and waste disposal; owning, leasing and operating
equipment, trucks, machines and other vehicles used in conjunction with waste
hauling and waste disposal; in general to carry on the business of incidental to
or usual to such business; to do all the foregoing business at wholesale or
retail; to acquire, hold, buy, sell, lease and convey real estate for the
purposes of the business, to buy, acquire, control, hold and dispose of shares
of stock, bonds and other evidences of indebtedness of corporations and stock
companies and to pay for the same in cash or in property or by the issuance of
thereto all the rights, powers and privileges of ownership and to exercise all
voting powers thereon; to do all things incidental, necessary and appurtenant to
the accomplishment of the foregoing business.
And to do any and all things of a like or similar nature of every
description without exception in order to develop and operate said business,
including, but not limited to, promoting, marketing and advertising the various
services and products of the corporation.
To purchase, hold and reissue shares of its own capital stock.
To enter into transactions and incur such indebtedness as may be
necessary or incidental to the business of the corporation with any persons,
corporations, cities, towns or states.
To purchase or otherwise acquire, to hold, own, mortgage, sell, erect,
maintain, operate, lease, convey or otherwise dispose of real or personal
property of every class and description in any state in the Union, incidental to
the business.
To build, construct, erect, purchase, lease, hire, exchange for or
otherwise return to account, to sell, convey, mortgage, or otherwise dispose of
any real estate or personal property, including the stock of this corporation,
and to pay therefor or accept in payment thereof, either wholly or partially any
property or rights, shares, bonds or other obligations, society or body politic;
and to exercise in respect to all such property, rights, shares, bonds or other
obligations of this or any other corporation, person, firm, association, society
or body politic all the rights, powers and privileges of individual
<Page>
owners thereof.
To hire and employ agents, servants and employees, and to enter into
agreements of employment and collective bargaining agreements, and to act as
agent, contractor, trustee, factor or otherwise, either alone or in company of
others.
To let concessions to others to do any of the things that this
corporation is empowered to do, and to enter into, make, perform and carry out,
contracts and arrangements of every kind and character with any person, firm,
association or corporation, or any government or authority or subdivision or
agency thereof.
To subscribe for, purchase, invest in, hold, own, assign, pledge, and
otherwise dispose of shares of capital stock, bonds, mortgages, debentures,
notes and other securities, obligations, contracts, and evidences of
indebtedness of corporations, including for the purpose of constructing, owning,
operating or leasing and of corporations engaged in a like or similar business
and corporations whose funds are or may be invested in the shares of stock,
bonds, or other securities, of any corporations of the character herein before
described; to exercise, in respect to any such shares of stocks, bonds, and
other securities corporations, any and all rights, powers and privileges of
individual membership, including the right to vote, issue bonds and other
obligations for proper corporate purposes, and to do any and all acts and things
tending to increase the value of the property at any time held; to purchase,
acquire, hold, transfer, and dispose of stocks, bonds, and mortgages, notes or
other evidences of indebtedness, of any person or corporation, and to issue,
execute, deliver in exchange therefor its stocks, bonds or mortgages, notes and
other obligations, and to do all such other things helpful to the objects herein
set forth.
To carry on any lawful business whatsoever that this corporation may
deem proper or convenient in connection with any of the foregoing purposes or
otherwise, or that it may deem calculated, directly or indirectly, to improve
the interests of this corporation, and to have and to exercise all powers
conferred by the laws of the Commonwealth of Massachusetts on corporations
formed under the laws pursuant to which and under which this corporation is
formed, as such laws are now in effect or may at any time hereafter be amended,
and to do any and all things hereinabove set forth to the same extent and as
fully natural persons might or could do, either alone or in connection with
other persons, firms, associations, partnerships, corporations and in any part
of the world.
The foregoing statement of purposes shall be construed as a statement
of both purposes and powers, shall be liberally construed in aid of the powers
of this corporation, and the powers and purposes stated in each clause shall,
except where otherwise stated, be in no way limited or restricted by any term
<Page>
or provision or any other clause, and shall be regarded not only as independent
purposes, but the purposes and powers stated shall be construed distributively
as each object expressed, and the [ILLEGIBLE]as to specific powers shall not be
construed as to limit in any [ILLEGIBLE] aforesaid general powers but are in
furtherance of, [ILLEGIBLE] addition to and not in limitation of said general
powers.
<Page>
SECTION 5A
Any holder of stock, including the heirs, administrators or executors
of a deceased stockholder (or their successors in office), or any trustees in
bankruptcy of a stockholder, assignee of a stockholder, or other officer having
the right to deal with the said shares by operation of law, and any holder of
stock for foreclosure of any pledge or hypothecation, desiring to sell, dispose
of or transfer any of the stock owned by him, her or them, shall first offer the
same to the corporation through its Board of Directors, in the following manner.
He or she shall notify the corporation through its Board of Directors of his or
her desire to sell, by a notice in writing addressed to the principal office of
the corporation, which notice shall contain the price at which he or she is
willing to sell, and the name of an arbitrator.
The Directors shall, within thirty (30) days thereafter, either accept
the offer, or by a notice in writing, name a second arbitrator. In the event
that the corporation accepts the offer, the corporation shall have six (6)
months thereafter in which to pay for the stock, payments to be made as follows:
Twenty-five (25%) percent within thirty (30) days after notice of purchase to
the offeror by the Directors and fifteen (15%) percent every thirty (30) days
thereafter. In the event that the corporation defaults on the agreed upon
payment for the stock, then and in that event, the holder of stock shall have
the right to dispose of the same in any manner that he or she sees fit. The
initial arbitrator and the second arbitrator shall name a third arbitrator. In
the event the corporation does not accept the offer, it shall be the duty of the
arbitrators, or a majority of them, to ascertain the fair book value of the
stock as of the date of the offer, and if either party refuses to appear at the
hearing conducted by the arbitrators for that purpose, the arbitrators may act
in the absence of said party or parties. After determination of the fair book
value of the stock by the arbitrators, the corporation, through its Board of
Directors, may pay for the stock on the payment schedule herein set forth in the
amount of the valuation determined by the arbitrators. In the event that the
corporation, through its Board of Directors, elects not pay for the stock, then
and in that event, the holder of the stock shall have the right to dispose of
the same in any manner that he or she sees fit. In the event that the stock of
this corporation is acquired by the insolvency or bankruptcy of a Stockholder,
or by foreclosure of any pledge or hypothecation, or by an assignee, receiver,
or other officer, or in the event of the death of a Stockholder, the
corporation, through its Board of Directors, at its option any time within six
(6) months after the qualification of said trustee in bankruptcy, the
appointment of the said receiver, the sale by foreclosure, or the qualification
of the administrator or executor of the deceased Stockholder, may notify such
person or persons in writing to sell the stock to the
<Page>
corporation at a price fixed by the Board of Directors of the corporation. Such
notice shall also contain the name of an arbitrator. The person or persons so
notified by the corporation shall have thirty (30) days within which to
surrender the stock and be paid therefor by the corporation on the terms
hereinbefore stated. In the event that the said person or persons are not
satisfied with the price as set by the corporation, they shall notify the
corporation by a writing addressed to the principal office of the corporation,
notifying the corporation to that effect, and naming a second arbitrator. The
procedure thereafter shall be the same as if the stock were offered for sale to
the corporation by a Stockholder. In the event that the corporation purchases
the stock, the certificate shall be delivered to the corporation within thirty
(30) days after the notification by the corporation of its intention to accept
the offer to pay for the stock on the valuation set by the arbitrators. The
Board of Directors may, from time to time, waive the foregoing restrictions.
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