Hillsborough Florida Proposed amendment to Article 4 of certificate of incorporation to authorize issuance of preferred stock with copy of amendment

• Category: Corporations - Public - Changes Affecting Capital Stock
• State: Multi-State
• County: Hillsborough
• Control #: US-CC-3-123
• Format: Word; Rich Text

Description

This sample form, a detailed Proposed Amendment to Article 4 of Certificate of Incorporation to Authorize Issuance of Preferred Stock w/Copy of Amendment document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats. Hillsborough Florida Proposed Amendment to Article 4 of Certificate of Incorporation to Authorize Issuance of Preferred Stock The Hillsborough County in Florida is proposing an amendment to Article 4 of their certificate of incorporation regarding the authorization of the issuance of preferred stock. This proposed amendment aims to provide the county with additional flexibility and financial options by allowing them to issue preferred stock if deemed necessary. Preferred stock is a type of equity security that holds certain advantages over common stock, such as higher priority when it comes to dividend payments and greater claim on assets in the event of liquidation. It can be an attractive investment option for both individuals and institutions due to its potential for stable dividends and potential capital appreciation. By proposing this amendment, Hillsborough County aims to bolster its financial infrastructure and attract potential investors. The issuance of preferred stock would provide the county with an additional avenue for raising capital, which could be used for various purposes such as funding infrastructure projects, financing public services, or addressing any budgetary gaps. This proposed amendment demonstrates the proactive approach of Hillsborough County to adapt and modernize its financial strategies to better serve its residents and stakeholders. By authorizing the issuance of preferred stock, the county can potentially attract a wider range of investors and enhance its financial stability. Types of Hillsborough Florida Proposed Amendment to Article 4 of Certificate of Incorporation: 1. Class A Preferred Stock: This type of preferred stock provides the holders with a fixed dividend rate and priority over common stockholders. It may also offer voting rights, allowing shareholders to have a say in certain corporate matters. 2. Class B Preferred Stock: This type of preferred stock might offer slightly different terms compared to Class A. It could have a different dividend rate, voting rights, or other specific features to cater to the needs and preferences of the county and its potential investors. 3. Class C Preferred Stock: Another possible type of preferred stock that could be authorized by the amendment. Class C preferred stock may have distinctive features, such as a different dividend rate or priority, to suit specific purposes or investor demands. (Copy of Amendment) CERTIFICATE OF AMENDMENT TO ARTICLE 4 OF CERTIFICATE OF INCORPORATION The undersigned, being the duly elected Secretary of Hillsborough County, Florida, hereby certifies as follows: 1. That Article 4 of the Certificate of Incorporation of Hillsborough County, Florida, adopted on [insert date], is hereby amended and restated in its entirety to read as follows: [Insert complete text of the amended Article 4 here] 2. That the foregoing Certificate of Amendment has been duly approved by the Board of County Commissioners of Hillsborough County, Florida. IN WITNESS WHEREOF, the undersigned Secretary has executed this Certificate of Amendment on behalf of Hillsborough County, Florida, on this [insert date]. ______________________________________ Secretary

Hillsborough Florida Proposed Amendment to Article 4 of Certificate of Incorporation to Authorize Issuance of Preferred Stock The Hillsborough County in Florida is proposing an amendment to Article 4 of their certificate of incorporation regarding the authorization of the issuance of preferred stock. This proposed amendment aims to provide the county with additional flexibility and financial options by allowing them to issue preferred stock if deemed necessary. Preferred stock is a type of equity security that holds certain advantages over common stock, such as higher priority when it comes to dividend payments and greater claim on assets in the event of liquidation. It can be an attractive investment option for both individuals and institutions due to its potential for stable dividends and potential capital appreciation. By proposing this amendment, Hillsborough County aims to bolster its financial infrastructure and attract potential investors. The issuance of preferred stock would provide the county with an additional avenue for raising capital, which could be used for various purposes such as funding infrastructure projects, financing public services, or addressing any budgetary gaps. This proposed amendment demonstrates the proactive approach of Hillsborough County to adapt and modernize its financial strategies to better serve its residents and stakeholders. By authorizing the issuance of preferred stock, the county can potentially attract a wider range of investors and enhance its financial stability. Types of Hillsborough Florida Proposed Amendment to Article 4 of Certificate of Incorporation: 1. Class A Preferred Stock: This type of preferred stock provides the holders with a fixed dividend rate and priority over common stockholders. It may also offer voting rights, allowing shareholders to have a say in certain corporate matters. 2. Class B Preferred Stock: This type of preferred stock might offer slightly different terms compared to Class A. It could have a different dividend rate, voting rights, or other specific features to cater to the needs and preferences of the county and its potential investors. 3. Class C Preferred Stock: Another possible type of preferred stock that could be authorized by the amendment. Class C preferred stock may have distinctive features, such as a different dividend rate or priority, to suit specific purposes or investor demands. (Copy of Amendment) CERTIFICATE OF AMENDMENT TO ARTICLE 4 OF CERTIFICATE OF INCORPORATION The undersigned, being the duly elected Secretary of Hillsborough County, Florida, hereby certifies as follows: 1. That Article 4 of the Certificate of Incorporation of Hillsborough County, Florida, adopted on [insert date], is hereby amended and restated in its entirety to read as follows: [Insert complete text of the amended Article 4 here] 2. That the foregoing Certificate of Amendment has been duly approved by the Board of County Commissioners of Hillsborough County, Florida. IN WITNESS WHEREOF, the undersigned Secretary has executed this Certificate of Amendment on behalf of Hillsborough County, Florida, on this [insert date]. ______________________________________ Secretary