Guam § 13107 - Articles of Incorporation: Contents.

§ 13107. Articles of Incorporation: Contents.

The articles of incorporation of any such association shall show that

the signers thereof are engaged in the production of products, as defined in

this Chapter, and that they propose to incorporate an association hereunder,

and shall state:

(a) Name. The name of the association.

(b) Purposes. The purposes for which it is formed.

(c) Principal office. The municipality where the principal office for

the transaction of business of the corporation is to be located.

(d) Directors. The number of directors thereof, which shall not be less

than three (3), and the names and addresses of the persons who are to serve

as first directors; if it be desired that the first directors shall serve for terms

of different length, the term for which each person so named shall serve.

(e) Members: Voting Power and Rights. If organized without shares

of stock, whether the voting power and the property rights and interest of

each member are equal or unequal; and if unequal, the general rule or rules

applicable to all members by which the voting power and the property rights

and interests, respectively, of each member may be and are determined and

fixed.

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(f) Shares: Number and Value. If organized with shares of stock, the

number of shares which may be issued and if the shares are to have a par

value, the par value of each share, and the aggregate par value of all shares;

if the shares are to be without par value it shall be so stated.

(g) Classified Shares: Description and Statement of Number, etc.:

Common Stock. If the shares are to be classified, a description of the

classes of shares and a statement of the number of shares of each kind or

class and the nature and extent of the preferences, rights, privileges and

restrictions granted to or imposed upon the holders of the respective classes

of stock; and except as to the matters and things so stated no distinction

shall exist between said classes of stock or the holders thereof. One class of

stock shall always be known as common stock and voting power may be

restricted to holders of common stock.