Exhibit 3.87
Filing Fee $30.00
STATE OF RHODE ISLAND AND PROVIDENCE PLANTATIONS
ARTICLES OF AMENDMENT
TO THE
ARTICLES OF INCORPORATION
OF
RHODE ISLAND HOLDING COMPANY
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Pursuant to the provisions of Section 7-1.1-56 of the General Laws, 1956,
as amended, the undersigned corporation adopts the following Articles of
Amendment to its Articles of Incorporation:
FIRST: The name of the corporation is RHODE ISLAND HOLDING COMPANY
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SECOND: The shareholders of the corporation on April 30, 1987, in the
manner prescribed by Chapter 7-1.1 of the General Laws, 1956, as amended,
adopted the following amendment(s) to the Articles of Incorporation:
[Insert Amendment(s)]
See attached Exhibit "A"
THIRD: The number of shares of the corporation outstanding at the time
of such adoption was 1,000; and the number of shares entitled to vote thereon
was 1,000
FOURTH: The designation and number of outstanding shares of each class
entitled to vote thereon as a class were as follows: (if inapplicable, insert
"none")
CLASS NUMBER OF SHARES
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none
FIFTH: The number of shares voted for such amendment was 1,000; and the
number of shares voted against such amendment was -0-.
SIXTH: The number of shares of each class entitled to vote thereon as a
class voted for and against such amendment, respectively, was: (if
inapplicable, insert "none")
NUMBER OF SHARES VOTED
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CLASS For Against
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none
SEVENTH: The manner, if not set forth in such amendment, in which any
exchange, reclassification, or cancellation of issued shares provided for in
the amendment shall be effected, is as follows: (If no change, so state)
No change.
EIGHTH: The manner in which such amendment effects a change in the
amount of stated capital, and the amount of stated capital as changed by such
amendment, are as follows: (If no change, so state)
No change.
Dated May 1, 1987 RHODE ISLAND HOLDING COMPANY
By /s/ H. Robert Jochem
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Its Vice President, H. Robert Jochem
and /s/ Michael L. Sklar
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Its Ass't Secretary, Michael L. Sklar
EXHIBIT A
RESOLVED, that the Articles of Incorporation of the corporation shall be
amended to provided for the issuance of Preferred Stock as follows:
"FOURTH:
A. CAPITAL STOCK
The aggregate number of shares which this corporation shall have the
authority to issue is 21,000. The Corporation shall have the authority to issue
shares of Common Stock and Preferred Stock, the maximum number and par value
of each to be as follows:
a. 20,000 number of shares of $100.00 par value Preferred Stock; and
b. 1,000 shares of $1.00 par value Common Stock.
B. Preferences, Limitations and Relative Rights of Shares of Preferred
Stock.
1. Issuance of Preferred Shares. The aggregate number of Preferred Stock
which the corporation may have authority to issue shall be 20,000 shares having
a par value of One Hundred Dollars ($100.00) per share.
2. No Voting Rights. No voting rights shall attach to the shares of
Preferred Stock.
3. Dividends. Each holder of shares of Preferred Stock shall be entitled
to receive for each fiscal year of the corporation preferential dividends,
payable either in cash or property, out of any assets of the corporation
available for dividends pursuant to the Rhode Island Business Corporation Act,
at a rate equal to 13-1/2% per annum. Each holder of Preferred Stock shall be
entitled to receive the dividends stated above and no more, which dividends
shall be payable annually, semi-annually, or quarterly on such dates as may be
determined by the Board of Directors in its sole discretion. Dividends on each
share of Preferred Stock shall accumulate from the date of issue of such share,
from year to year, until paid so that, as long as any shares of preferred stock
are outstanding, if at any time all dividends on the Preferred Stock for all
prior dividend periods shall not have been paid, or if all dividends on the
Preferred Stock for the then current dividend period shall not have been paid or
shall not have been declared with the sum sufficient for the payment thereof set
apart, whether or not there shall be assets of the corporation
available for payment of such dividends under the laws of the State of Rhode
Island then:
(i) No dividends shall be declared or paid on any other distribution
ordered or made upon the Common Stock other than dividends
payable solely in Common Stock; and
(ii) No shares of Common Stock of this corporation shall be redeemed,
purchased or acquired by this corporation or any subsidiary of
this corporation
4. UPON LIQUIDATION, DISSOLUTION, MERGER OR REORGANIZATION. In the event
of any voluntary or involuntary liquidation, dissolution or winding up of this
corporation, the holders of record of the outstanding shares of Preferred Stock
shall be entitled to be paid One Hundred Dollars ($100.00) for each share of
Preferred Stock, plus accumulated dividends thereon up to the date of such
liquidation, dissolution, or winding up of this corporation, whether or not this
corporation shall have a surplus or earnings available for dividends, and no
more. After payment to the holders of the shares of Preferred Stock of the
amount payable to them as above set forth, the remaining assets of this
corporation shall be payable to and distributed ratably among the holders of
record of the shares of Common Stock. If, upon such liquidation, dissolution, or
winding up, the assets of the corporation distributable to the holdings of
shares of Preferred Stock shall be insufficient to permit the payment to them of
the entire amount to which they are entitled to hereunder, the entire assets of
this corporation shall be distributed ratably among the holders of the shares of
Preferred Stock.
In the event of any merger or consolidation of this corporation in which
this corporation shall not be the surviving entity, or in the event of any
recapitalization or reorganization of this corporation, any such transaction
must be structured so that the fair market value of the consideration receivable
in such transaction by or allocable to the holders of the Preferred Stock
determined in accordance with the preceding paragraph.
5. REDEMPTION. Preferred Stock may be redeemed or purchased for redemption
by this corporation in accordance with the following plan. Unless specifically
prohibited by the Rhode Island Business Corporation Act, Preferred Stock may be
redeemed at any time at the option of the Board of Directors. In case less than
all of the outstanding shares of Preferred Stock are to be redeemed, the Board
of Directors shall determine the number of shares to be redeemed and the holder
or holders whose shares are to be redeemed. Notice of such
redemption shall be mailed to such holder or holders at the address shown on the
books of the corporation at least thirty (30) prior to the date fixed for
redemption in such notice. The redemption price payable by the corporation shall
be One Hundred Dollars ($100.00) per share plus any and all declared or
accumulated or unpaid dividends on the date of such redemption and such
redemption price shall be paid by the corporation to such holder or holders on
the redemption date set forth in the notice of redemption. From and after the
date fixed in any such notice as the date for redemption, no further dividends
shall be declared or paid on the shares so called for redemption and all rights
of the holder or holders thereof as stockholders of the corporation shall cease
and terminate, except their right to receive the amount payable on such
redemption, unless the corporation shall fail to pay the redemption price on the
date fixed for redemption. The corporation may, at any time and unless
specifically prohibited by the Rhode Island Business Corporation Act, purchase
for retirement from one or more holders thereof is determined by the Board of
Directors of the corporation any or all of the shares of outstanding Preferred
Stock at a price not to exceed the redemption price stated above. All shares
redeemed or purchased may be either cancelled and retired or held by the
corporation as treasury shares.
FIFTH:
No Preemptive Rights. No preferred stockholders of this corporation shall,
because his or its ownership of Preferred Stock have any preemptive or other
right to purchase, subscribe for or take any part, pro rata or otherwise, of any
securities, equity, debt or otherwise, or options, rights or warrants to
purchase any such securities issued or sold by this corporation, whether for
cash or for property, and whether or not hereafter authorized."
STATE OF ILLINOIS )
) Sc.
COUNTY OF COOK )
At 8700 W. Bryn Mawr in said county on this 1st day of May, 1987,
personally appeared before me H. Robert Jochem, who, being by me first duly
sworn, declared that he is the Vice President of Rhode Island Holding Company
that he signed the foregoing document as Vice President of the corporation, and
that the statements therein contained are true.
/s/ Patricia Ann Stanis
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Notary Public
(NOTARIAL SEAL)
STATE OF ILLINOIS } City }
} }
} In the } of Chicago
} }
COUNTY OF COOK } Town }
in said county this 15th day of November, A.D. 1982 then personally appeared
before me H. Robert Jochem each and all known to me and known by me to be the
parties executing the foregoing instrument, and they severally acknowledged said
instrument by them subscribed to be their free act and deed.
/s/ Marjorie W. DuBroff
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Notary Public
STATE OF RHODE ISLAND AND PROVIDENCE PLANTATIONS
OFFICE OF THE SECRETARY OF STATE
CERTIFICATE OF INCORPORATION
OF
Rhode Island Holding Company
I, ELIZABETH S. HAMILTON, Deputy Secretary of State hereby certify that
duplicate originals of Articles of Incorporation for the incorporation of Rhode
Island Holding Company duly signed and verified pursuant to the provisions of
Chapter 7-1.1 of the General Laws, 1956, as amended, have been received in this
office and are found to conform to law, and that the foregoing is a duplicate
original of the Articles of Incorporation.
WITNESS my hand and the seal of the
[STATE OF RHODE ISLAND State of Rhode Island this nineteenth
AND day of November, 1982
PROVIDENCE PLANTATIONS
SEAL] /s/ Elizabeth S. Hamilton
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Deputy Secretary of State
DEPARTMENT OF STATE
OFFICE OF
SECRETARY OF STATE
PROVIDENCE, R.I.
RECEIVED & FILED NOV 19 1982
STATE OF RHODE ISLAND AND PROVIDENCE PLANTATIONS
BUSINESS CORPORATION
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ORIGINAL ARTICLES OF INCORPORATION
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The undersigned acting as incorporator(s) of a corporation under Chapter
7-1.1 of the General Laws, 1956, as amended, adopt(s) the following Articles of
Incorporation for such corporation:
FIRST. The name of the corporation is Rhode Island Holding Company
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(A
SECOND. The period of its duration is (if perpetual, so state) perpetual
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THIRD. The purpose or purposes for which the corporation is organized are:
to own and operate health clubs; to own the securities of corporations
owning and operating health clubs in the State of Rhode Island.
The corporation shall have power: (See Section 7-1.1-4 of the General
Laws, 1956, as amended.)
(a) To have perpetual succession by its corporate name unless a limited
period of duration is stated in its articles of incorporation.
(b) To sue and be sued, complain and defend, in its corporate name.
(c) To have a corporate seal which may be altered at pleasure, and to use
the same by causing it, or a facsimile thereof, to be impressed or affixed or
in any other manner reproduced.
(d) To purchase, take, receive, lease, or otherwise acquire, own, hold,
improve, use and otherwise deal in and with, real or personal property, or any
interest therein, wherever situated.
(e) To sell, convey, mortgage, pledge, lease, exchange, transfer and
otherwise dispose of all or any part of its property and assets.
(f) To lend money and to use its credit to assist its employees.
(g) To purchase, take, receive, subscribe for, or otherwise acquire, own,
hold, vote, use, employ, sell, mortgage, lend, pledge or otherwise dispose of,
and otherwise use and deal in and with, shares or other interests in, or
obligations of, other domestic or foreign corporations, associations,
partnerships or individuals, or direct or indirect obligations of the United
States or of any other government, state, territory, governmental district or
municipality or of any instrumentality thereof.
(h) To make contracts and guarantees and incur liabilities, borrow money
at such rates of interest as the corporation may determine, issue its notes,
bonds, and other obligations, and secure any of its obligations by mortgage or
pledge of all or any of its property, franchises, and income.
(i) To lend money for its corporate purposes, invest and reinvest its
funds, and take and hold real and personal property as security for the payment
of funds so loaned or invested.
(j) To conduct its business, carry on its operations, and have offices and
exercise the powers granted by this chapter, within or without this state.
(k) To elect or appoint officers and agents of the corporation, and define
their duties and fix their compensation.
(l) To make and alter by-laws, not inconsistent with its articles of
incorporation or with the laws of this state, for the administration and
regulation of the affairs of the corporation.
(m) To make donations for the public welfare or for charitable, scientific
or educational purposes.
(n) To transact any lawful business which the board of directors shall
find will be in aid of governmental authority.
(o) To pay pensions and establish pension plans, pension trusts,
profit-sharing plans, stock bonus plans, stock option plans and other incentive
plans for any or all of its directors, officers and employees.
(p) To provide insurance for its benefit on the life of any of its
directors, officers, or employees, or on the life of any stockholder for the
purpose of acquiring at his death shares of its stock owned by such stockholder.
(q) To be a promoter, partner, member, associate, or manager of any
partnership, enterprise or venture.
(r) To have and exercise all powers necessary or convenient to effect its
purposes.
FORM 11A 10M 1-70 (OVER)
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(R. I. - 2157 - 12/15/80)
FOURTH. The aggregate number of shares which the corporation shall have
authority to issue is:
(a) If only one class: Total number of shares 1,000
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(If the authorized shares are to consist of one class only, state
the par value of such shares or a statement that all of such shares are
to be without par value.)
$1.00 Par Value
or
(b) If more than one class: Total number of shares N/A
---
(State (A) the number of the shares of each class thereof that are
to have a par value and the par value of each share of each such class,
and/or (B) the number of such shares that are to be without par value,
and (C) a statement of all or any of the designations and the powers,
preferences and rights, including voting rights, and the
qualifications, limitations or restrictions thereof, which are
permitted by the provisions of title 7 of the General Laws in respect
of any class or classes of stock of the corporation and the fixing of
which by the articles of association is desired, and an express grant
of such authority as it may then be desired to grant to the board of
directors to fix by vote or votes any thereof that may be desired but
which shall not be fixed by the articles.)
FIFTH. Provisions (if any) dealing with the preemptive right of
shareholders pursuant to Section 7-1.1-24 of the General Laws, 1956, as
amended: None
(R. I. - 2157) -2-
Sixth. Provisions (if any) for the regulation of the internal affairs of
the corporation:
None
Seventh. The address of the initial registered office of the corporation is
111 WESTMINSTER STREET, PROVIDENCE, RHODE ISLAND 02903 (add Zip Code)
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and the name of its initial registered agent at such address is:
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C T CORPORATION SYSTEM
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Eighth. The number of directors constituting the initial board of directors
of the corporation is Seven (7) and the names and addresses of the persons who
are to serve as directors until the first annual meeting of shareholders or
until their successors are elected and shall qualify are:
(If this is a close corporation pursuant to Section 7-1.1-51 of the General
Laws, 1956, as amended, state the name(s) and address(es) of the officers of the
corporation.) (NOT APPLICABLE)
Name Address
Jerome B. Kahn 415 W. Court Street, Flint, MI 48503
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John Cipolla 342 N. Main Street, West Hartford, CN 06117
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Daniel Witaker 342 N. Main Street, West Hartford, CN 06117
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Donahue L. Wildman 230 W. Monroe Street, Chicago, IL 60606
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Jack L. Clark 7880 Avenida Kirjah, La Jolla, CA 92037
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Roy Zurkowski 451 Goodhue, Bloomfield Hills, MI 48013
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H. Robert Jochem 300 E. Joppa Road, Towson, MD 21204
Ninth. The name and address of each incorporator is:
H. Robert Jochem 300 East Joppa Road, Towson, MD 21204
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Tenth. Date when corporate existence to begin (not more than 30 days after
filing of these articles of incorporation):
upon incorporation date
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Dated November 15, 1982
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/s/ H. Robert Jochem
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H. ROBERT JOCHEM
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(R.I. - 2157)
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