Complete Docket - South Dakota Public Utilities Commission - State ...

- B. Elections of directors need nor be by wrincn bnlfot udt.r;~ the by$%%^'% irF~fke
corporation shall so provide.
C. The books of the corporation may bc kcpi at such plscl: within nr wira~ian,
SEVENTH
Whenever a compromise or arrangement 1s proposed btsbyresn &is ~uqar~tinmr on4
its creditors or any class of them and/or between this carparatian and its f&w~k:hbIde% ar
arky class of them, any court of equitable jurisdiction \vithirt d~c Staft ofDst~&~~e ma$
on the application in a summary way of this corporl-tti~rr or of" any' ercdirar or bt&~kh@ir,ie~
thereof or on ihe application of any receiver or recciven appointed far dli~ ~of-~xorailiab
under the provisions of Sectlon 29 1 of Title 8 of the Delaware Code br ar; the &@it~%tia~ of trustees in dissolution or of any receiver or rcccivea sppointac;! far this ~oq~r%~fji~ts
under the provisions of Section 279 of Title 8 of thhe: DeInw.arc Coda, urdci* 8 ~ %~etfhg tlf
the creditors or class of creditors, and/or of rhe st0~kf3uid~r~ ar ~llit?ig i~f~tt~kh~iQ~f5 ~f
this corporation, as the case may be, to be summoned in such manner 3s (hu s ~id ~@u@
directs. If a majority in number represenling &rce-€ou~t~s in value of the C~G&~PQS CiX'
class of creditors, andlor of the stockholders or class sfstscki1u51dem af this se~~cfitsiti~~e,
as rhc case may be, agree to any cornprornjse or amzgement and la tsorgnni~~itkan nf
this corporation as consequence of such comproinise or errdngemcfii, file %%id
compromise or arrangement and the said morgnnization shall, if sanctianed by the couE
to which the said application has been made, be binding urt ail ttke crcdi@@ rrr cfaa af
creditors, andlor on all the stockholders or class af st~ckholdc:~, af rD~it., rarpaiati-~q?, 3s
the case may be, and also on this corporati0~1.
A. director of the corporation shall not tie personally iirtbls fs rh~ eayra~%%iaa at I&
stockholders for monetary damages for breach of fiduciary duty ps. zs. bire~hat", E X G ~BF ~ ~
liability (i) for any breach of the director's duty of lu~;dzlq. te rht. ca~mrii~a 6rP it%
stockhotders, (ii) for acts or omissinns not in good Fa'rrtr, or wtrich invotve rwecn%icji~i*I
rrrisco~duct or a knowing violation of law. (iii) under Sc~tivn I74 171 ~ke ~GI;~WS@
Genml Corporation Law, or (iv) for my tmnsacrion front tvhiilZt it12 .F
limited to the hlles: extent permitzed by the Delaware Cilscml Corgs~fkea!art %.a%, ~JS go
amended.