Articles of Incorporation
Articles of Incorporation of
THE SEVEN BRIDGES COOPERATIVE MICROBREWERY, INC.
ONE: The name of this corporation shall be The Seven Bridges Cooperative Microbrewery, Inc.
TWO: This corporation is a COOPERATIVE CORPORATION organized under the Consumer Cooperative Corporation Law. The purpose of this corporation is to engage in any lawful act or activity for which a corporation may be organized under such law.
THREE: This cooperative corporation shall have, exercise, and possess all the rights, powers, and privileges generally granted to a cooperative corporation by the laws of the State of California.
FOUR: The principal office of this cooperative corporation is in Santa Cruz County, State of California. The name and address of the initial agent for service of process for this cooperative corporation shall be: Amelia Slayton (address only given upon written formal request for a valid reason)
FIVE: (a) The total number of shares which this corporation is authorized to issue is thirty thousand (30,000) shares. (b) The par value of all shares shall be ten dollars ($10.00). The aggregate par value of all shares shall be three hundred thousand dollars ($300,000.00). (c) Each shareholder shall have one vote regardless of the number of shares owned. Each shareholder shall be considered a member of this cooperative corporation. (d) No shareholder shall own more than twenty-five (25) percent of the total number of shares issued at any one time. (e) This cooperative corporation shall be composed of no more than 50 members. (f) This cooperative corporation is authorized to issue only one class of shares of stock, which shall be designated as common stock. (g) The voting power and proprietary interests of the members of this corporation are equal.
SIX: The number of directors of this cooperative corporation shall be nine.
SEVEN: The initial directors, who shall serve until the next annual meeting are: David Chatfield Robert Ian Burgio Mike Lasher Amelia Slayton Cyndy Perlich Cheryl Nunes Tom Kruzik Bill Vance Darian Verza
EIGHT: The liability of the directors of the cooperative corporation for monetary damages shall be eliminated to the fullest extent permissible under California law.
NINE: The cooperative corporation is authorized to indemnify the directors of the cooperative corporation to the fullest extent permissible under California law.