Exhibit 3(d)2
DOMESTIC
BUSINESS CORPORATION
STATE OF MAINE
ARTICLES OF AMENDMENT
(Shareholders Voting as Separate Class)
OF
GULF POWER COMPANY
(Name of Corporation)
Pursuant to 13-A MRSA ss.ss.805 and 807, the undersigned corporation adopts
these Articles of Amendment:
FIRST: As set out in detail in "THIRD", one or more classes of shares of the
corporation were entitled to vote as a separate class on the following
amendment of its articles of incorporation set forth in Exhibit A
attached hereto
SECOND: The amendment set out in Exhibit A attached was adopted by the
shareholders on (date) December 10, 1998. ("X" one box only)
|X| at a meeting legally called and held OR |_| by unanimous written consent
THIRD: On said date, the number of shares of each class outstanding and
entitled to vote on said amendment (whether or not entitled to vote as
a separate class), the manner in which each such class was entitled to
vote (whether or not as a separate class), and the number of shares
voted for and against said amendment, respectively, were as follows:
Designation of Manner No. of Shares
Each Class In Which Outstanding NUMBER NUMBER
However Entitled Entitled And Entitled Voted Voted
To Vote To Vote To Vote For Against
Common Stock As a Class 992,717 992,717 0
$25 Class A Preferred As a Class, together
Stock with $100 Preferred 1,400,000 1,211,081 16,852
Stock
$100 Preferred Stock As a Class, together 151,026 134,526 1,181
with $25 Class A
Preferred Stock ___________ __________ ___________
Totals of All Classes 2,543,743 2,338,324 18,033
FOURTH: If such amendment provides for exchange, reclassification or
cancellation of issued shares, the manner in which this shall be
effected is contained in Exhibit B attached if it is not set forth in
the amendment itself.
Not Applicable.
FIFTH: If the amendment changes the number or par values of authorized shares,
the number of shares which the corporation has authority to issue
thereafter, is as follows:
Class Series (If Any) Number of Shares Par Value (If Any)
Not Applicable.
The aggregate par value of all such shares (of all classes and series) having
par value is $--------------.
The total number of all shares (of all classes and series) without par value
is ___________________shares.
SIXTH: The address of the registered office of the corporation in the State of
Maine is
1 Weston Court,
P.O. Box F, Augusta, Maine 04332-0232.
(street, city, state and zip code)
DATED: January 28, 1998 *By /s/ Maurice Hebert
(signature)
Maurice Hebert, Clerk
(type or print name and capacity)
*By
(signature)
(type or print name and capacity)
MUST BE COMPLETED FOR VOTE
OF SHAREHOLDERS
I certify that I have custody of the minutes showing the above action by the
shareholders.
/s/ Maurice Hebert
(signature of clerk, secretary or assist. secretary)
*This document MUST be signed by (1) the Clerk OR (2) the President or a
vice-president and the Secretary or an assistant secretary, or such other
officer as the bylaws may designate as a 2nd certifying officer OR (3) if
there are no such officers, then a majority of the Directors or such
directors as may be designated by a majority of directors then in office OR
(4) if there are no such directors, then the Holders, or such of them as may
be designated by the holders, of record of a majority of all outstanding
shares entitled to vote thereon OR (5) the Holders of all of the outstanding
shares of the corporation.
SUBMIT COMPLETED FORMS TO: CORPORATE EXAMINING SECTION, SECRETARY OF STATE,
101 STATE HOUSE STATION, AUGUSTA, ME 04333-0101
Exhibit A
Articles of Amendment to the
Articles of Incorporation of
Gulf Power Company
The Company's Restated Articles of Incorporation, as amended
("Charter"), are hereby amended to eliminate in their entirety, (i) Paragraph
(F)(b) under "General Provisions" of the "Preferred Stock" section of the
Charter, a provision restricting the amount of securities representing unsecured
indebtedness issuable by the Company, (ii) Paragraph (F)(a) under "General
Provisions" of the "Preferred Stock" section of the Charter, a provision which
requires the vote of the holders of at least a majority of the total voting
power of the Company's outstanding preferred stock to approve the sale of all or
substantially all of the Company's property and mergers or consolidations that
have not been approved under the Public Utility Holding Company Act of 1935, as
amended, and (iii) Paragraph (B) (except the first paragraph therein) under
"General Provisions" of the "Preferred Stock" section of the Charter, a
provision restricting the ability of the Company to pay dividends on its common
stock in the event that its common equity capitalization falls below certain
levels.