AGG. PV CHG.
FR: 2,000,000 TO $1,400,000
This Agreement of
Merger, dated October 12, 1973, between Seven Up Bottling Company
of San Francisco, a California corporation, and Seven Up Bottling
Company of Oakland, a California corporation.
WHEREAS Seven Up
Bottling Company of San Francisco is a corporation organized and
existing under and by virtue of the laws of the State of California
and having an authorized capitalization as follows: Ten thousand
shares of its common stock having a par value of One Hundred
Dollars and a total par value of One Million Dollars, all of which
have been issued, and Ten thousand shares of preferred stock with a
par value of One Hundred Dollars and a total value of One Million
Dollars, none of which have been issued and which it is proposed to
eliminate by amendment to the Articles of Incorporation as
hereinafter set forth and;
WHEREAS Seven Up
Bottling Company of Oakland is a corporation organized and existing
under and by virtue of the laws of the State of California and
having an authorized capitalization as follows: the corporation is
authorized to issue only one class of shares of stock, the total
number of said shares is Five thousand and the aggregate par value
of all shares if Five Hundred Thousand Dollars and the par value of
each share is One Hundred Dollars and;
WHEREAS, the Board
of Directors of Seven Up Bottling Company of San Francisco and
Seven Up Bottling Company of Oakland, the parties hereto, deem it
desirable and in the best interests of the corporations and their
shareholders that Seven Up Bottling Company of Oakland be merged
into Seven Up Bottling Company of San Francisco;
NOW THEREFORE, in
consideration of the premises and the mutual promises and
covenants, and subject to the conditions, herein set forth, the
constituent corporations agree as follows:
1. The
constituent corporations shall be merged into a single corporation
by Seven Up Bottling Company of Oakland merging into and with Seven
Up Bottling Company of San Francisco, the Surviving Corporation,
which shall survive the merger, pursuant to the provisions of the
separate corporate existence of Seven Up Bottling Company of
Oakland shall cease and the Surviving Corporation shall become the
owner, without other transfer, of all the rights and property of
the constituent corporations, and the Surviving Corporation shall
become subject to all the debts and liabilities of the constituent
corporations in the same manner as if the Surviving Corporation had
itself incurred them.
2. The
name of the Surviving Corporation shall be Seven Up Bottling
Company of San Francisco. The purposes, county where the principal
office for the transaction of business shall be located, number of
directors, and the capital stock of the Surviving Corporation shall
be as appears in the Articles of Incorporation of the Surviving
Corporation as amended and as hereinafter set forth.
3. The
Articles of Incorporation of the Surviving Corporation as amended,
shall on the effective date of the merger be further amended to
read as herein set forth in full:
ARTICLES OF
INCORPORATION
SEVEN UP BOTTLING COMPANY OF SAN
FRANCISCO
The name of this
corporation is:
SEVEN
UP BOTTLING COMPANY OF SAN FRANCISCO.
The purposes for
which this corporation is formed are:
(a) To engage
in the business of manufacturing and distributing Seven Up and
other non-alcoholic beverages. This is the specific business in
which the corporation is primarily to engage;
(b) To engage
in any one or more other businesses or transactions which the Board
of Directors of this corporation may from time to time authorise or
approve, whether related or unrelated to the business described in
(a) above or any other business then or theretofore done by
this corporation;
(c) To
exercise any and all rights and powers which a corporation may now
or hereafter exercise;
(d) To act as
principal, agent, joint venturer, partner, or in any other capacity
which may be authorized or approved by the Board of Directors of
this corporation; and
(e) To
transact business in the State of California or in any other
jurisdiction of the United States of America or elsewhere in the
world.
The foregoing
statement of purposes shall be construed as a statement of both
purposes and powers, and the purposes and powers in each clause
shall, except where otherwise expressed, be in nowise limited or
restricted by reference to or inference from the terms or
provisions of any other clause but shall be regarded as independent
purposes and powers.
The City and
County in the State of California where the principal office for
the transaction of business of this corporation is to be located is
the City and County of San Francisco.
This corporation
is authorized to issue only one class of shares of stock; the total
number of shares which this corporation shall have authority to
issue fifteen thousand (15,000) shares and the aggregate par value
of all shares shall be One Million Five Hundred Thousand Dollars
($1,500,00.00) and the par value of each of such shares shall be
One Hundred Dollars ($100.00). Upon the amendment of this Article
to read as hereinabove set forth each outstanding common share of a
par value of $100.00 is reconstituted into one share of $100.00 par
common stock and preferred stock previously authorized but unissued
is eliminated.
The number of
directors of this corporation shall be three (3) unless and
until changed in the By-Laws of this corporation. The names and
addresses of the persons who are appointed to act as the first
directors of this corporation are:
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Name
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Address
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645 Stockton
Street
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San Francisco,
Cal
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