Exhibit 4.5
ARTICLES OF INCORPORATION
OF
CARPET RECYCLING OF GEORGIA, INC.
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The undersigned, an individual, does hereby act as incorporator in
adopting the following Articles of Incorporation for the purpose of organizing a
business corporation, pursuant to the provisions of the Georgia Business
Corporation Code.
FIRST: The name of the corporation (hereinafter called the
"corporation") is Carpet Recycling of Georgia, Inc.
SECOND: The number of shares which the corporation is authorized to
issue is 8,000, all of which are of a par value of $.01 dollars each and are of
the same class and are Common shares.
THIRD: The street address and the county of the initial registered
office of the corporation in the State of Georgia is 1201 Peachtree Street,
N.E., Atlanta, Fulton County, Georgia 30361.
The name of the initial registered agent of the corporation at the
said registered office is CT Corporation System.
FOURTH: The name and the address of the incorporator are:
NAME ADDRESS
Douglas G. Gray c/o Edwards & Angell
2700 Hospital Trust Tower
Providence, RI 02903
FIFTH: The mailing address of the initial principal office of the
corporation is: 1040 Broad Street, Suite 302, Shrewsbury, New Jersey.
SIXTH: The purposes for which the corporation is organized, which
shall include the authority of the corporation to engage in any lawful business,
are as follows:
To engage in the business of procuring recycled post-consumer carpet
materials, fabricating equipment related to recycling carpets, and selling
and leasing such equipment.
To have all of the general powers granted to corporations organized
under the Georgia Business Corporation Code, whether granted by specific
statutory authority or by construction of law.
SEVENTH: No holder of any of the shares of any class of the
corporation shall be entitled as of right to subscribe for, purchase, or
otherwise acquire any shares of any class of the corporation which the
corporation proposes to issue or any rights or options which the corporation
proposes to grant for the purchase of shares of any class of the corporation or
for the purchase of any shares, bonds, securities, or obligations of the
corporation which are convertible into or exchangeable for, or which carry any
rights, to subscribe for, purchase, or otherwise acquire shares of any class of
the corporation; and any and all of such shares, bonds, securities, or
obligations of the corporation, whether now or hereafter authorized or created,
may be issued, or may be reissued if the same have been reacquired and if their
reissue is not prohibited, and any and all of such rights and options may be
granted by the Board of Directors to such individuals and entities, and for such
lawful consideration, and on such terms, as the Board of Directors in its
discretion may determine, without first offering the same, or any thereof, to
any said holder.
EIGHTH: The corporation shall, to the fullest extent permitted by the
provisions of the Georgia Business Corporation Code, as the same may be amended
and supplemented, indemnify any and all persons whom it shall have power to
indemnify under said provisions from and against any and all of the expenses,
liabilities, or other matters referred to in or covered by said provisions, and
any indemnification effected under this provision shall not be deemed exclusive
of rights to which those indemnified may be entitled under any Bylaw, vote of
shareholders or disinterested directors, or otherwise, both as to action in
their official capacity and as to action in another capacity while holding such
office, and shall continue as to a person who has ceased to be a director,
officer, employee, or agent and shall inure to the benefit of the heirs,
executors, and administrators of such a person.
NINTH: The personal liability of the directors of the corporation is
hereby eliminated to the fullest extent permitted by the provisions of the
Georgia Business Corporation Code, as the same may be amended and supplemented.
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TENTH: Action required or permitted by the provisions of the Georgia
Business Corporation Code to be taken at a shareholders' meeting may be taken
without a meeting in accordance with the provisions of Section 14-2-704 of the
Georgia Business Corporation Code if the action is taken by persons who would be
entitled to vote at a meeting shares having voting power to cast not less than
the minimum number (or numbers, in the case of voting by groups) of votes that
would be necessary to authorize or take the action at a meeting at which all
shareholders entitled to vote were present and voted.
ELEVENTH: In discharging the duties of their respective positions and
in determining what is believed to be in the best interests of the corporation,
the Board of Directors, committees of the Board of Directors, and individual
directors, in addition to considering the effects of any action on the
corporation or its shareholders, may consider the interests of the employees,
customers, suppliers, and creditors of the corporation and its subsidiaries, the
communities in which offices or other establishments of the corporation and its
subsidiaries are located, and all other factors such directors consider
pertinent.
TWELFTH: This Article constitutes an undertaking by the corporation to
publish a notice of the filing of these Articles of Incorporation as required by
the provisions of subsection (b) of Section 14-2-201.1 of the Georgia Business
Corporation Code.
THIRTEENTH: The duration of the corporation shall be perpetual.
Signed on ____________, 1997.
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Douglas G. Gray, Incorporator
3
The Fulton County Daily Report
190 Pryor Street, S.W.
Atlanta, Georgia 30303
You are requested to publish, once a week for two consecutive weeks, commencing
within ten days after your receipt of this letter, a notice in the following
form:
"NOTICE OF INCORPORATION
Notice is given that articles of incorporation which incorporate have been
delivered to the Secretary of State for filing in accordance with the
Georgia Business Corporation Code. The initial registered office of the
corporation is located at 100 Peachtree Street, Atlanta, Fulton County,
Georgia 30303 and its initial registered agent at such address is
Corporation Service Company"
Enclosed is a check in the amount of $40 in payment of the cost of publishing
this notice.
Very truly yours,
Corporation Service Company
100 Peachtree Street
Atlanta, Georgia 30303
Dated: ___________, 19___. By:
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