EXHIBIT 4.13
Quebec
CERTIFICAT DE MODIFICATION
Loi sur les compagnies, Partie IA
(L.R.Q., chap. C-38)
J'atteste par les presentes que la compagnie
SOCIETE D'ALUMINIUM REYNOLDS DU
CANADA, LTEE
et sa version
REYNOLDS ALUMINUM COMPANY OF
CANADA, LTD.
a modifie ses statuts le 1ER JANVIER 1996, sous l'autorite de la
partie IA de la Loi sur les compagnies, tel qu'indique dans les
statuts de modification ci-joints.
Deposes au registre le 15 decembre 1995
sous le matricule 1143544550
Gouvernement
du Quebec
L'Inspecteur
general des Alfred Vaillancourt
institutions Inspecteur general des institutions financieres par interim
financieres
T130D10C55S43JA
[IMAGE OF SEAL OMITTED]
Gouvernement du Quebec
L'Inspecteur general
des institutions financieres
Formulaire 5
STATUTS DE MODIFICATION
Loi sur les compagnies, L.R.Q. c. C-38
Partie 1A
1. Denomination sociale
SOCIETE D'ALUMINIUM REYNOLDS DU CANADA, LTEE
REYNOLDS ALUMINUM COMPANY OF CANADA, LTD.
2. Adresse actuelle de la compagnie
1002 SHERBROOKE WEST, SUITE 2420
No Nom de la rue
MONTREAL
Municipalite
QUEBEC H3A 3L6
Province Code postal
3. ____ Requete presentee en vertu de l'article 123.140 et suivants de la Loi
sur les compagnies
4. Les statuts de la compagnie sont modifies de la facon suivante:
5. Date d'entree en vigueur, 6. Denomination sociale (ou numero
si differente de la date matricule) anterieure a la modification, si
du depot (voir instructions) differente de celle mentionnee a la case 1
JANUARY 1, 1996 SOCIETE CANADIENNE DE METAUX REYNOLDS,
LIMITEE
CANADIAN REYNOLDS METALS COMPANY, LIMITED
Si l'espace est insuffisant, joindre une annexe en deux (2) exemplaires
Signature de
l'administrateur autorise D. Michael Jones
____________________________________________________________________________
Reserve a 'l'administration
GOUVERNEMENT DU QUEBEC
DEPOSE LE
15 DEC. 1995
INSPECTEUR GENERAL DES
INSTITUTIONS FINANCIERES
Gouvernement du Quebec
L'Inspecteur general
des institutions financieres
CERTIFICAT DE MODIFICATION
Loi sur les compagnies
(L.R.Q., chap. C-38)
Partie IA
J'atteste par les presentes que la compagnie
SOCIETE CANADIENNE DE METAUX REYNOLDS,
LIMITEE
a modifie ses statuts, sous l'autorite de
la partie IA de la Loi sur les compagnies,
tel qu'indique dans les statuts de modifi-
cation ci-joints.
Le 1993 02 19
Jean Marie Bandchard
Inspecteur general des institutions financieres
Gouvernement
du Quebec
L'Inspecteur
general des
institutions 1171-7386
financieres
[IMAGE OF SEAL OMITTED]
Gouvernement du Quebec
L'Inspecteur general
des institutions financieres
CERTIFICAT D'ENREGISTREMENT
Loi sur les compagnies
(L.R.Q., chap. C-38)
Partie IA
J'atteste par les presentes que la copie
qui accompagne le present certificat est
une copie authentique de l'original d'un
document concernant
SOCIETE CANADIENNE DE METAUX REYNOLDS,
LIMITEE
et que cette copie a ete enregistree
le 1993 02 19
au libro S-3016, folio 53
Jean Marie Bandchard
Inspecteur general des institutions financieres
Gouvernement
du Quebec
L'Inspecteur
general des
institutions 1171-7386
financieres
[IMAGE OF SEAL OMITTED]
Gouvernement du Quebec
L'Inspecteur general
des institutions financieres
Formulaire 5
STATUTS DE MODIFICATION
Loi sur les compagnies
Partie 1A
1. Denomination sociale ou numero matricule
Canadian Reynolds Metals Company, Limited -- Societe
Canadienne de Metaux Reynolds, Limitee
2. Les statuts de la compagnie sont modifies de la facon suivante:
Section 5 of the articles of continuance is amended by deleting therefrom
the following provision (set forth in Annex B to the articles of
continuance):
(c) Any invitation to the public to subscribe for any shares,
debentures or other securities of the company shall be prohibited.
Section 5, as so amended, reads in its entirety as set forth in the revised
Annex B to the articles of continuance attached hereto.
3. Date d'entree en vigueur, 4. Denomination sociale (ou numero matricule)
si differente de la date anterieure a la modification, si
du depot (Voir instructions) differente de celle mentionnee a la case 1
Signature de Fonction du
l'administrateur autorise signataire Director
Henry S. Savedge, Jr.
____________________________________________________________________________
Reserve a 'l'administration 1171-7386
GOUVERNEMENT DU QUEBEC
DEPOSE LE
19 FEV. 1993
L'INSPECTEUR GENERAL DES
INSTITUTIONS FINANCIERES
ANNEX B TO ARTICLES OF CONTINUANCE OF
-------------------------------------
CANADIAN REYNOLDS METALS COMPANY, LIMITED--
-------------------------------------------
SOCIETE CANADIENNE DE METAUX REYNOLDS, LIMITEE
----------------------------------------------
5. Limitations on the transfers of shares, if any.
-----------------------------------------------
(a) The shares of the capital stock of the company shall not be transferred
without the consent of the Board of Directors evidenced by a resolution
adopted by them and recorded in the books of the company or the consent of
the holders of the majority in number of the outstanding shares of the
company then entitled to vote at meetings of shareholders of the company.
(b) The number of shareholders of the company shall be limited to fifty (50)
not including persons who are in the employment of the company and persons
who, having been formerly in the employment of the company were, while in
that employment and have continued after the termination of that
employment to be, shareholders of the company, two (2) or more persons
holding one (1) or more shares jointly being counted as a single
shareholder.
ARTICLES OF CONTINUANCE
Form 7
(Part 1A of the Companies Act)
1 Corporate name 2 Date of incorporation
Canadian Reynolds Metals Company Limited -- July 31, 1970
Societe Canadienne De Metaux Reynolds, Limitee
3 Judicial district within Quebec chosen as the company's head-office location
Judicial District of Montreal
4 Description of the company's share capital
See Annex A.
5 Limitations on the transfer of shares, if any
See Annex B.
6 Number (or minimum and maximum number) of directors permissible
The Board of Directors of the company shall consist of such number, being
not less than three and not greater than twelve, as may be determined from
time to time by the Board of Directors.
7 Limitations imposed on activities, if any
None.
8 Other provisions
See Annex C.
Signature of
authorized Post of Vice Chairman of the Board
director William S. Leonhardt signatory and Chief Financial Officer
William S. Leonhardt Date October 1, 1982
For Departmental use only
- -------------------------------------------------------------------------------
Date filed File number
1171-7386
QUEBEC
DEPOSES
LE
1982 10 01
LE DIRECTEUR
DES
COMPAGNIES
Gouvernement du Quebec
Ministere des Institutions financieres
et Cooperatives
Direction des compagnies
CERTIFICAT D'ENREGISTREMENT
(Partie 1A de la Loi sur les compagnies)
Je certifie par les presentes que chaque
document qui accompagne le present certificat
est une copie authentique de l'original d'un
document concernant
SOCIETE CANADIENNE DE METAUX REYNOLDS,
LIMITEE
et qu'il a ete enregistre
le 82/10/06
au libro S-228, folio 138
Le Directeur
Hubert Jaudry
Dossier: 1171-7386
Gouvernement du Quebec
Ministere des Institutions financieres
et Cooperatives
Direction des compagnies
CERTIFICAT DE CONTINUATION
(Partie 1A de la Loi sur les compagnies)
Je certifie par les presentes que
la compagnie
SOCIETE CANADIENNE DE METAUX
REYNOLDS, LIMITEE
a continue son existence sous l'autorite de la partie
1A de la Loi sur les compagnies, tel qu'indique dans
les statuts de continuation ci-joints.
Date 82/10/01
Le Directeur
Hubert Jaudry
ANNEX A TO ARTICLES OF CONTINUANCE OF
-------------------------------------
CANADIAN REYNOLDS METALS COMPANY, LIMITED--
-------------------------------------------
SOCIETE CANADIENNE DE METAUX REYNOLDS, LIMITEE
----------------------------------------------
4. Description of the Company's Share Capital. The authorized share
capital of the company shall be unlimited and shall consist of:
1. An unlimited number of Common Shares, without Par Value ("Common
Shares");
2. An unlimited number of Class A Preferred Shares, $100 Par Value
("Class A Preferred");
3. An unlimited number of Class B Preferred Shares, $100 Par Value
("Class B Preferred"); and
4. An unlimited number of Class C Preferred Shares, $100 Par Value
("Class C Preferred").
The said Common Shares and the Class A Preferred, Class B Preferred and
Class C Preferred (such three classes of preferred shares hereinafter referred
to in the aggregate as the "Preferred Shares") shall carry and be subject to
the following preferences, priorities, rights, conditions, limitations and
restrictions:
(1) The holders of each class of the Preferred Shares shall, when
and as declared by the Board of Directors, be entitled, out of the funds of the
company legally available therefor, to noncumulative dividends at a rate of (a)
$10.00 per annum and no more for each share of Class A Preferred, (b) $9.50 per
annum and no more for each share of Class B Preferred, and (c) $9.00 per annum
and no more for each share of Class C Preferred. Such dividends shall be
preferential, so that in no event shall any dividend be declared, paid or set
apart for payment on the Common Shares in respect of any quarter-annual period
(other than a dividend payable solely in Common Shares) unless and until all
dividends on all then outstanding Preferred Shares for such quarter shall have
been (i) paid or (ii) declared and a sum sufficient for the payment thereof set
apart. The holders of the Preferred Shares shall not be entitled to any
dividend other than or in excess of the noncumulative dividends at the rates
provided for above. No dividends for any quarter-annual period shall be
declared, paid or set apart for payment on any class of then outstanding
Preferred Shares unless the same proportion of the annual dividend rate
respectively applicable to the shares of every class of Preferred Shares at the
time outstanding shall likewise be declared, paid or set apart as a dividend in
respect of such quarter-annual dividend period.
(2) In the event of the voluntary or involuntary liquidation,
dissolution or winding up of the company, the holders of the then outstanding
Preferred Shares shall be entitled to receive the sum of $100.00 per share,
together with all unpaid declared dividends thereon in priority to any
distribution to the holders of the then outstanding Common Shares and shall not
be entitled to share any further in the distribution of the property or assets
of the company. If, on any voluntary or involuntary liquidation, dissolution
or winding up of the company, the assets of the company are insufficient to
permit full payment to the holders of the then outstanding Preferred Shares as
herein provided, then the holders of the then outstanding Preferred Shares
shall share ratably in any distribution of assets in proportion to the full
amounts to which they would otherwise be respectively entitled. An
amalgamation of the company with or into another company or companies shall not
be deemed to be a liquidation, dissolution or winding up of the company within
the meaning of this Paragraph.
(3) The company may, at the option of the Board of Directors of the
company, redeem all or, from time to time, any part of the then outstanding
Preferred Shares on payment to the holders thereof, for each share to be
redeemed, of the amount of S100.00, together with all unpaid declared dividends
thereon. Before redeeming any Preferred Shares, the company shall mail to each
person who, at the date of such mailing, is a registered holder of shares to be
redeemed, notice of the intention of the company to redeem such shares held by
such registered holder. Such notice shall be mailed by registered or certified
post addressed to the last address of any such holder as it appears on the
records of the company or, in the event of the address of any such holder not
appearing on the records of the company, then to the last known address of such
holder, at least 10 days before the date specified for redemption. Such notice
shall set out the class to be redeemed, redemption price, the date on which
redemption is to take place and, if only part of the shares held by the person
to whom it is addressed is to be redeemed, the number thereof so to be
redeemed. On or after the date so specified for redemption, the company shall
pay or cause to be paid the redemption price to the registered holders of the
shares to be redeemed, on presentation and surrender of the certificates for
the shares so called for redemption, duly endorsed in blank, at the head office
of the company or at such other place or places as may be specified for
redemption in such notice. On and after the date so specified for redemption,
the holders of such shares called for redemption shall cease to be entitled to
any rights in respect thereof, except to receive the redemption price, without
interest, unless payment of the redemption price shall not be made by the
company in accordance with the foregoing provisions, in which case the rights
of the holders of such shares shall remain unimpaired. On or before the date
specified for redemption, the company shall have the right to deposit the
redemption price of the shares called for redemption in a special account with
a bank or trust company named in the notice of redemption to be paid, without
interest, to or to the order of the respective holders of such shares called
for redemption upon presentation and surrender of the certificates representing
the same, duly endorsed in blank, and, on the date specified for redemption,
the shares in respect whereof such deposit shall have been made shall be deemed
to have been redeemed and the rights of the several holders thereof, after such
date, shall be limited to receiving, out of the moneys so deposited, without
interest, the redemption price applicable to their respective shares against
presentation and surrender of the certificates representing such shares.
(4) The company may at any time or times purchase for cancellation
the whole or any part of the Preferred Shares outstanding from time to time
pursuant to tenders, or, with the unanimous consent of the holders of all the
then outstanding Preferred Shares (or, if only one or two classes are involved,
by the holders of all then outstanding shares of the involved class or
classes), by private contract at the lowest price at which, in the opinion of
the Board of Directors, such shares are obtainable but not exceeding the amount
of $100.00 per share, together with all unpaid declared dividends thereon.
(5) Subject to the provisions of the Companies Act (Quebec), any
holder of one or more then outstanding Preferred Shares may require the company
to redeem all or any of such shares registered in the name of such holder on
the books of the company, by tendering to the company at its head office the
share certificate(s), duly endorsed in blank, representing such share(s) which
such holder desires to have the company redeem and a written request for
redemption specifying (i) the number of shares for which redemption is sought
(the "sold shares") and (ii) the business day (the "purchase date") on which
such holder desires to have the company redeem the sold shares, which shall be
not less than 10 days after the day on which the request is given to the
company. After receipt of such share certificate(s) and request the company
shall on the purchase date redeem the sold shares by paying to such shareholder
an amount of $100 per sold share plus any unpaid declared dividends thereon.
Such payment shall be made by check payable at any branch of the company's
bank. The sold shares shall be redeemed on the purchase date and thereafter
their holders shall cease to be entitled to any rights of shareholders in
respect of the sold shares (except to receive the redemption price) unless
payment of the redemption price is not made on the purchase date, in which case
the rights of the holders of the sold shares shall remain unimpaired.
Notwithstanding the foregoing, the company shall not be obliged to purchase the
sold shares to the extent that such purchase would be contrary to any
applicable law, and if such purchase of any such sold shares would be contrary
to any applicable law, the company shall only be obliged to purchase such sold
shares to the extent that the monies applied thereto shall be such amount
(rounded to the next lower multiple of $100) as would not be contrary to such
law, in which case, the company shall pay to each holder of sold shares his pro
rata share of the purchase monies allocable and shall cause to be issued to
such holder a new share certificate representing the sold shares held by such
holder and not purchased by the company.
(6) The holders of the then outstanding Preferred Shares and
the holders of the then outstanding Common Shares shall be entitled to receive
notice of and to attend and vote at all meetings of shareholders of the company
and each share of the Preferred Shares and Common Shares then outstanding shall
confer the right to one (1) vote in person or by proxy at all meetings of
shareholders of the company.
(7) The company shall not, except by by-law passed by the Board of
Directors and confirmed by resolution by a majority of not less than two-thirds
of the votes cast by (i) the holders of each class of the then outstanding
Preferred Shares and (ii) the holders of the then outstanding Common Shares
present or represented at, and voting separately by classes at, a special
general meeting of the shareholders called for considering such resolution and
upon compliance with any relevant provisions of the laws governing the company,
(i) create any other class of shares, (ii) voluntarily liquidate or dissolve
the company, (iii) distribute any surplus of the company other than by way of
dividend or by purchase or redemption of any Preferred Shares in accordance
with the provisions of paragraphs (1), (3), (4) and (5), respectively, hereof,
or (iv) repeal, amend or otherwise alter any of the provisions contained in
paragraphs (1) to (6) hereof or in this paragraph (7).
FI2734
ANNEX B TO ARTlCLES OF CONTINUANCE OF
-------------------------------------
CANADIAN REYNOLDS METALS COMPANY, LIMITED-
------------------------------------------
SOCIETE CANADIENNE DE METAUX REYNOLDS, LIMITEE
----------------------------------------------
5. Limitations on the transfers of shares, if any.
(a) The shares of the capital stock of the company shall not be
transferred without the consent of the Board of Directors evidenced
by a resolution adopted by them and recorded in the books of the
company or the consent of the holders of the majority in number of
the outstanding shares of the company then entitled to vote at
meetings of shareholders of the company.
(b) The number of shareholders of the company shall be limited to fifty
(50) not including persons who are in the employment of the company
and persons who, having been formerly in the employment of the
company were, while in that employment and have continued after the
termination of that employment to be, shareholders of the company,
two (2) or more persons holding one (1) or more shares jointly being
counted as a single shareholder.
(c) Any invitation to the public to subscribe for any shares, debentures
or other securities of the company shall be prohibited.
FI2734
ANNEX C TO ARTICLES OF CONTINUATION OF
--------------------------------------
CANADIAN REYNOLDS METALS COMPANY, LIMITED--
-------------------------------------------
SOCIETE CANADIENNE DE METAUX REYNOLDS, LIMITEE
----------------------------------------------
8. Other Provisions.
(a) So long as the company has not made a distribution of its
securities to the public, the annual meeting of the shareholders of the
company may be held within or outside Quebec at such place as the Board of
Directors of the company may from time to time designate.
(b) So long as the company has not made a distribution of its
securities to the public, the shareholders of the company may participate
and vote at any shareholders' meeting by any means allowing all
participants to communicate with each other.
(c) The company shall have the power to purchase or otherwise acquire
and to hold, sell, exchange or otherwise dispose of and deal in the
property, rights and assets of, and bonds, debentures, debenture stock,
shares of all classes and securities of any form or type issued by any
individual, corporation or company, public or private, incorporated or
unincorporated.
(d) The Board of Directors may, when they deem it expedient:
(i) Borrow money upon the credit of the company;
(ii) Issue debentures or other securities of the company, and
pledge or sell the same for such sums and at such prices as may be
deemed expedient;
(iii) Notwithstanding the provisions of the Civil Code,
hypothecate, mortgage or pledge the moveable or immoveable property,
present or future, of the company, to secure any such debentures, or
other securities, or give part only of such guarantee for such
purposes; and constitute the hypothec, mortgage or pledge above
mentioned, by trust deed, in accordance with sections 28 and 29 of the
Special Corporate Powers Act (Chap. p-16), or in any other manner;
(iv) Hypothecate or mortgage the immoveable property of the
company, or pledge or otherwise affect the moveable property, or give
all such guarantees, to secure the payment of loans made otherwise
than by the issue of debentures, as well as the payment or performance
of any other debt, contract or obligation of the company.
FI2734
NOTICE OF ADDRESS
OR OF CHANGE OF ADDRESS
OF HEAD OFFICE
Form 2
(Part IA of the Companies Act)
Corporate name or designating number
Canadian Reynolds Metals Company, Limited --
Societe Canadienne De Metaux Reynolds, Limitee
Notice is hereby given that the address of the head office of the company,
within the limits of the judicial district declared in the articles, is as
follows:
1100 Sherbrooke Street West
Civic number Street:
Montreal
Locality
Quebec H3A IG7
Province or country Postal code
The company Canadian Reynolds Metals Company, Limited --
Societe Canadienne De Metaux Reynolds, Limitee
Post occupied Vice Chairman of the Board
by William S. Leonhardt by signatory and Chief Financial Officer
(signature) Date October 1, 1982
William S.Leonhardt
For Departmental use only
- ------------------------------------------------------------------------------
Date filed File number
1171-7386
QUEBEC
DEPOSES
LE
1982 10 01
LE DIRECTEUR
DES
COMPAGNIES
NOTICE CONCERNING
COMPOSITION OF BOARD OF DIRECTORS
Form 4
(Part IA of the Companies Act)
1. Corporate name or designating number
Canadian Reynolds Metals Company, Limited --
Societe Canadienne De Metaux Reynolds, Limitee
2. The directors of the company are:
Name and surname Full residential address Profession
(postal code included)
David P. Reynolds 905 Tresco Rd., Richmond, VA 23229 Company Executive
John. H. Galea 207 Hollyport Rd.,Richmond, VA 23229 Company Executive
William S. Leonhardt 3000 S. Ocean Blvd., Apt. 1106 Company Executive
Boca Raton, FL 33432
A. D. Reynolds, III 2956 Hathaway Rd., No. 610-612 Company Executive
Richmond, VA 23233
W. J. Bennett Chateau Apartments, #F-41 Company Executive
1321 Sherbrooke St., West
Montreal, Quebec H-3G 1J4
H. W. DeJong 15 Mance Avenue Company Executive
Baie Comeau, Quebec G4Z 1M6
Jock K. Finlayson 18 Misty Crescent Avenue Company Executive
Don Mills, Ontario MCV 1T3
If space is insufficient, join an annex See also attached Annex
The company Canadian Reynolds Metals Company, Limited -
Societe Canadienne De Metaux Reynolds Limitee
Post occupied Vice Chairman of the Board
by: William S. Leonhardt by signatory & Chief Financial Officer
(signature) Date: October 1, 1982
William S. Leonhardt
For Departmental use only
- -------------------------------------------------------------------------------
Date filed File number
QUEBEC 1171-7386
DEPOSES
LE
1982 10 01
LE DIRECTEUR
DES
COMPAGNIES
ANNEX TO FORM 4
NOTICE CONCERNING
COMPOSITION OF BOARD OF DIRECTORS
H. V. Helton 10800 Whitaker Woods Road Company Executive
Richmond, VA 23233
Randolph N. Reynolds 8605 River Road Company Executive
Richmond, VA 23229
Warren Y. Soper 1415 Scarboro Road Company Executive
Montreal, Quebec H3P 2S2
Gouvernement du Quebec
L'Inspecteur general CERTIFICAT D'ENREGISTREMENT
des Institutions financieres Loi sur les compagnies
(L.R.Q., chap. C-38)
Partie IA
J'atteste par les presentes que la copie
qui accompagne le present certificat est
une copie authentique de l'original d'un
document concernant
SOCIETE CANADIENNE DE METAUX REYNOLDS,
LIMITEE
et que cette copie a ete enregistree
le 1986 08 12
au libro S-877 , folio 100
Jean Marie Bandchard
Inspecteur general des institutions financieres
Gouvernement
du Quebec -
L'Inspecteur
general des
institutions
financieres
[IMAGE OF SEAL OMITTED]
Dossier: 1171-7386
Gouvernement du Quebec CERTIFICAT DE MODIFICATION
L'Inspecteur general Loi sur Ies compagnies
des Institutions financieres (L.R.Q. chap. C-38)
Partie IA
J 'atteste par les presentes que la compagnie
SOCIETE CANADIENNE DE METAUX REYNOLDS,
LIMITEE
a modifie ses statuts, sous l'autorite de la partie IA de la Loi
sur les compagnies, tel qu'indique dans les statuts de modification
ci-joints.
Le 1986 08 11
Jean Marie Bandchard
Inspecteur general des institutions financieres
Gouvernement
du Quebec -
L'Inspecteur
general des
institutions
financieres
[IMAGE OF SEAL OMITTED]
FORM 5
ARTICLES OF AMENDMENT
The Companies Act
Part IA
1 Corporate name or designating number
CANADIAN REYNOLDS METALS COMPANY, LIMITED
SOCIETE CANADIENNE DE METAUX REYNOLDS, LIMITEE
2 The company's articles are amended as follows:
Section 6 of the articles of continuance be and is hereby deleted and
replaced by the following:
[6 Precise number of minimum and maximum number of directors]
[Minimum: 3 Maximum:13]
The Board of Directors of the company shall consist of such number, being
not less than three and not greater than thirteen, as may be determined from
time to time by the Board of Directors.
3 Effective date, if different 4 Corporate name, or designating number,
from date of filing prior to amendment
(if different from that mentioned in Item 1)
Signature of Post occupied
authorized director John H. Galea by signatory Director
John H. Galea
_____________________________________________________________________________
For departmental use only 1171-7386
Gouvernement
du Quebec
Depose le
1986 08 11
Gouvernement du Quebec
L'Inspecteur general CERTIFICAT D'ENREGISTREMENT
des Institutions financieres Loi sur les compagnies
(L.R.Q., chap. C-38)
Partie IA
J 'atteste par les presentes que la copie qui accompagne le
present certificat est une copie authentique de l'original d'un
document concernant
SOCIETE CANADIENNE DE METAUX REYNOLDS,
LIMITEE
et que cette copie a ete enregistree
le 1988 03 04
au libro S-1384 , folio 85
Jean Marie Bandchard
Inspecteur general des institutions financieres
Gouvernement
du Quebec -
L'Inspecteur 1171-7386
general des
institutions
financieres
[IMAGE OF SEAL OMITTED]
Gouvernement du Quebec
L'Inspecteur general CERTIFICAT DE MODIFICATION
des Institutions financieres Loi sur les compagnies
(L.R.Q., chap. C-38)
Partie IA
J 'atteste par les presentes que la compagnie
SOCIETE CANADIENNE DE METAUX REYNOLDS,
LIMITEE
a modifie ses statuts, sous l'autorite de
la partie IA de la Loi sur les compagnies,
tel qu'indique dans les statuts de modifi-
cation ci-joints
Le 1988 02 29
Jean Marie Bandchard
Inspecteur general des institutions financieres
Gouvernement
du Quebec -
L'Inspecteur 1171-7386
general des
institutions
financieres
[IMAGE OF SEAL OMITTED]
Form 5
ARTICLES OF AMENDMENT
The Companies Act
Part IA
1 Corporate name or designating number
CANADIAN REYNOLDS METALS COMPANY, LIMITED
SOCIETE CANADIENNE DE METAUX REYNOLDS, LIMITEE
2 The company's articles are amended as follows:
Section 4 of the articles of continuance be and is
hereby deleted and replaced by the following:
A Description of share capital
See Annex A
3 Effective date, if different 4 Corporate name, or designating number,
from date of filing prior to amendment (if different from
that mentioned in Item 1)
Signature of Post occupied
authorized director John H. Galea by signatory Director
John H. Galea
_______________________________________________________________________________
For departmental use only 1171-7386
Gouvernement
du Quebec
Depose le
1988 02 29
ANNEX A TO ARTICLES OF AMENDMENT OF
-----------------------------------
CANADIAN REYNOLDS METALS COMPANY, LIMITED--
-------------------------------------------
SOCIETE CANADIENNE DE METAUX REYNOLDS, LIMITEE
----------------------------------------------
4. Description of the Company's Share Capital. The authorized share
capital of the company shall be unlimited and shall consist of:
1. An unlimited number of Common Shares, Without Par Value ("Common
Shares");
2. An unlimited number of Class A Preferred Shares, $100 Par Value
("Class A Preferred");
3. An unlimited number of Class B Preferred Shares, $l00 Par Value
("Class B Preferred");
4. An unlimited number of Class C Preferred Shares, $100 Par Value
("Class C Preferred"); and
5. An unlimited number of Class D Preferred Shares, $100 Par Value
("Class D Preferred").
The said Common Shares and the Class A Preferred, Class B Preferred, Class
C Preferred and Class D Preferred (such four classes of preferred shares
hereinafter referred to in the aggregate as the "Preferred Shares") shall carry
and be subject to the following preferences, priorities, rights, conditions,
limitations and restrictions:
(1) The holders of each class of the Preferred Shares shall, when and
as declared by the Board of Directors, be entitled, out of the funds of
the company legally available therefor, to noncumulative dividends at a
rate of (a) $10.00 per annum and no more for each share of Class A
Preferred, (b) $9.50 per annum and no more for each share of Class B
Preferred, (c) $9.00 per annum and no more for each share of Class C
Preferred, and (d) $8.75 per annum and no more for each share of Class D
Preferred. Such dividends shall be preferential, so that in no event
shall any dividend be declared, paid or set apart for payment on the
Common Shares in respect of any quarter-annual period (other than a
dividend payable solely in Common Shares) unless and until all dividends
on all then outstanding Preferred Shares for such quarter shall have
been (i) paid or (ii) declared and a sum sufficient for the payment
thereof set apart. The holders of the Preferred Shares shall not be
entitled to any dividend other than or in excess of the noncumulative
dividends at the rates provided for above. No dividends for any
quarter-annual period shall be declared, paid or set apart for payment on
any class of then outstanding Preferred Shares unless the same proportion
of the annual dividend rate respectively applicable to the shares of every
class of Preferred Shares at the time outstanding shall likewise be
declared, paid or set apart as a dividend in respect of such
quarter-annual dividend period.
(2) In the event of the voluntary or involuntary liquidation,
dissolution or winding up of the company, the holders of the then
outstanding Preferred Shares shall be entitled to receive the sum of
$100.00 per share, together with all unpaid declared dividends thereon in
priority to any distribution to the holders of the then outstanding Common
Shares and shall not be entitled to share any further in the distribution
of the property or assets of the company. If, on any voluntary or
involuntary liquidation, dissolution or winding up of the company, the
assets of the company are insufficient to permit full payment to the
holders of the then outstanding Preferred Shares as herein provided, then
the holders of the then outstanding Preferred Shares shall share ratably
in any distribution of assets in proportion to the full amounts to which
they would otherwise be respectively entitled. An amalgamation of the
company with or into another company or companies shall not be deemed to
be a liquidation, dissolution or winding up of the company within the
meaning of this Paragraph.
(3) The company may, at the option of the Board of Directors of the
company, redeem all or, from time to time, any part of the then
outstanding Preferred Shares on payment to the holders thereof, for each
share to be redeemed, of the amount of $100.00, together with all unpaid
declared dividends thereon. Before redeeming any Preferred Shares, the
company shall mail to each person who, at the date of such mailing, is a
registered holder of shares to be redeemed, notice of the intention of the
company to redeem such shares held by such registered holder. Such notice
shall be mailed by registered or certified post addressed to the last
address of any such holder as it appears on the records of the company or,
in the event of the address of any such holder not appearing on the
records of the company, then to the last known address of such holder, at
least 10 days before the date specified for redemption. Such notice shall
set out the class to be redeemed, redemption price, the date on which
redemption is to take place and, if only part of the shares held by the
person to whom it is ad-dressed is to be redeemed, the number thereof so
to be redeemed. On or after the date so specified for redemption, the
company shall pay or cause to be paid the redemption price to the
registered holders of the shares to be redeemed, on presentation and
surrender of the certificates for the shares so called for redemption,
duly endorsed in blank, at the head office of the company or at such other
place or places as may be specified for redemption in such notice. On and
after the date so specified for redemption, the holders of such shares
called for redemption shall cease to be entitled to any rights in respect
thereof, except to receive the redemption price, without interest, unless
payment of the redemption price shall not be made by the company in
accordance with the foregoing provisions, in which case the rights of the
holders of such shares shall remain unimpaired. On or before the date
specified for redemption, the company shall have the right to deposit the
redemption price of the shares called for redemption in a special account
with a bank or trust company named in the notice of redemption to be paid,
without interest, to or to the order of the respective holders of such
shares called for redemption upon presentation and surrender of the
certificates representing the same, duly endorsed in blank, and, on the
date specified for redemption, the shares in respect whereof such deposit
shall have been made shall be deemed to have been redeemed and the rights
of the several holders thereof, after such date, shall be limited to
receiving, out of the moneys so deposited, without interest, the
redemption price applicable to their respective shares against
presentation and surrender of the certificates representing such shares.
(4) The company may at any time or times purchase for cancellation
the whole or any part of the Preferred Shares outstanding from time to
time pursuant to tenders, or, with the unanimous consent of the holders of
all the then outstanding Preferred Shares (or, if only one, two or three
classes are involved, by the holders of all then outstanding shares of the
involved class or classes), by private contract at the lowest price at
which, in the opinion of the Board of Directors, such shares are
obtainable but not exceeding the amount of $100.00 per share, together
with all unpaid declared dividends thereon.
(5) Subject to the provisions of the Companies Act (Quebec), any
holder of one or more then outstanding Preferred Shares may require the
company to redeem all or any of such shares registered in the name of such
holder on the books of the company, by tendering to the company at its
head office the share certificate(s), duly endorsed in blank, representing
such share(s) which such holder desires to have the company redeem and a
written request for redemption specifying (i) the number of shares for
which redemption is sought (the "sold shares") and (ii) the business day
(the "purchase date") on which such holder desires to have the company
redeem the sold shares, which shall be not less than 10 days after the day
on which the request is given to the company. After receipt of such share
certificate(s) and request the company shall on the purchase date redeem
the sold shares by paying to such shareholder an amount of $100 per sold
share plus any unpaid declared dividends thereon. Such payment shall be
made by check payable at any branch of the company's bank. The sold
shares shall be redeemed on the purchase date and thereafter their holders
shall cease to be entitled to any rights of shareholders in respect of the
sold shares (except to receive the redemption price) unless payment of the
redemption price is not made on the purchase date, in which case the
rights of the holders of the sold shares shall remain unimpaired.
Notwithstanding the foregoing, the company shall not be obliged to
purchase the sold shares to the extent that such purchase would be
contrary to any applicable law, and if such purchase of any such sold
shares would be contrary to any applicable law, the company shall only be
obliged to purchase such sold shares to the extent that the monies applied
thereto shall be such amount (rounded to the next lower multiple of $100)
as would not be contrary to such law, in which case, the company shall pay
to each holder of sold shares his pro rata share of the purchase rnonies
allocable and shall cause to be issued to such holder a new share
certificate representing the sold shares held by such holder and not
purchased by the company.
(6) The holders of the then outstanding Preferred Shares and the
holders of the then outstanding Common Shares shall be entitled to receive
notice of and to attend and vote at all meetings of shareholders of the
company and each share of the Preferred Shares and Common Shares then
outstanding shall confer the right to one (1) vote in person or by proxy
at all meetings of shareholders of the company.
(7) The company shall not, except by by-law passed by the Board of
Directors and confirmed by resolution by a majority of not less than
two-thirds of the votes cast by (i) the holders of each class of the then
outstanding Preferred Shares and (ii) the holders of the then outstanding
Common Shares present or represented at, and voting separately by classes
at, a special general meeting of the shareholders called for considering
such resolution and upon compliance with any relevant provisions of the
laws governing the company, (i) create any other class of shares, (ii)
voluntarily liquidate or dissolve the company, (iii) distribute any
surplus of the company other than by way of dividend or by purchase or
redemption of any Preferred Shares in accordance with the provisions of
paragraphs (1), (3), (4) and (5), respectively hereof, or (iv) repeal,
amend or otherwise alter any of the provisions contained in paragraphs (1)
to (6) hereof or in this paragraph (7).