EXHIBIT 3.2
FIRST AMENDED AND RESTATED
BYLAWS
OF
MYCOGEN CORPORATION
ARTICLE I - OFFICES
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1.1 Principal Executive Office. The principal executive offices of Mycogen
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Corporation, a California corporation (the "Corporation"), shall be at such
place, inside or outside, the State of California as the Board of Directors of
the Corporation (the "Board") may determine from time to time.
1.2 Other Offices. The Corporation may also have offices at such other places
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as the Board may from time to time designate, or as the business of the
Corporation may require.
ARTICLE II - SHAREHOLDERS' MEETINGS
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2.1 Annual Meetings. The annual meeting of the Shareholders of the Corporation
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(the "Shareholders", or individually, a "Shareholder") for the election of
Directors of the Corporation (the "Directors", or individually, a "Director") to
succeed those whose terms expire and for the transaction of such other business
as may properly come before the meeting shall be held between thirty (30) and
one hundred fifty (150) days following the end of the fiscal year of the
Corporation (the first such meeting was held after the end of fiscal year 1995
of the Corporation) and at such place as may be determined by the Board. If the
annual meeting of the Shareholders is not held as herein prescribed, the
election of Directors may be held at any meeting thereafter called pursuant to
these Bylaws of the Corporation (the "Bylaws").
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2.2 Special Meetings. Special meetings of the Shareholders, for any purpose
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whatsoever, unless otherwise prescribed by statute, may be called at any time by
the chairman of the Board of the Corporation (the "Chairman"), the president of
the Corporation (the "President"), or by the Board, or by one or more
Shareholders holding not less than ten percent (10%) of the voting power of the
Corporation.
2.3 Place. All meetings of the Shareholders shall be at any place within or
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without the State of California designated either by the Board or by written
consent of the holders of a majority of the shares entitled to vote thereat,
given either before or after the meeting. In the absence of any such
designation, Shareholders' meetings shall be held at the principal executive
office of the Corporation.
2.4 Notice. Notice of meetings of the Shareholders shall be given in writing
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to each Shareholder entitled to vote, either personally or by first-class mail
(unless the Corporation has five hundred (500) or more Shareholders determined
as provided by the California Corporations Code on the record date for the
meeting, in which case notice may be sent by third-class mail) or other means of
written communication, charges prepaid, addressed to the Shareholder at the
Shareholder's address appearing on the books of the Corporation or given by the
Shareholder to the Corporation for the purpose of notice. Notice of any such
meeting of Shareholders shall be sent to each Shareholder entitled thereto not
less than ten (10) (or, if sent by third-class mail, thirty (30)) nor more than
sixty (60) days before the meeting. Said notice shall state the place, date and
hour of the meeting and, (a) in the case of special meetings, the general nature
of the business to be transacted, and no other business may be transacted, or
(b) in the case of annual meetings, those matters which the Board, at the time
of the mailing of the notice, intends to present for action by the Shareholders,
but subject to Section 601(f) of the
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California Corporations Code, any proper matter may be presented at the meeting
for Shareholder action, and (c) in the case of any meeting at which Directors
are to be elected, the names of the nominees intended at the time of the mailing
of the notice to be presented by management for election.
2.5 Adjourned Meetings. Any Shareholders' meeting may be adjourned from time
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to time by the vote of the holders of a majority of the voting shares present at
the meeting either in person or by proxy. Notice of any adjourned meeting need
not be given unless a meeting is adjourned for forty-five (45) days or more from
the date set for the original meeting.
2.6 Quorum. The presence in person or by proxy of the persons entitled to vote
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a majority of the shares entitled to vote at any meeting constitutes a quorum
for the transaction of business. The Shareholders present at a duly called or
held meeting at which a quorum is present may continue to do business until
adjournment, notwithstanding the withdrawal of enough Shareholders to leave less
than a quorum, if any action taken (other than adjournment) is approved by at
least a majority of the shares required to constitute a quorum. In the absence
of a quorum, any meeting of Shareholders may be adjourned from time to time by
the vote of a majority of the shares, the holders of which are either present in
person or represented by proxy thereat, but no other business may be transacted,
except as provided above.
2.7 Consent to Shareholder Action. Any action which may be taken at any
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meeting of Shareholders may be taken without a meeting and without prior notice,
if a consent in writing, setting forth the action so taken, shall be signed by
the holders of outstanding shares having not less than the minimum number of
votes that would be necessary to authorize or take such action at a meeting at
which all shares entitled to vote thereon were present and voted; provided,
however, that (a) unless the consents of all Shareholders entitled to vote have
been solicited in
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writing, notice of any Shareholder approval without a meeting by less than
unanimous written consent shall be given as required by the California
Corporations Code, and (b) Directors may not be elected by written consent
except by unanimous written consent of all shares entitled to vote for the
election of Directors. Any written consent may be revoked by a writing received
by the Secretary of the Corporation (the "Secretary") prior to the time that
written consents of the number of shares required to authorize the proposed
action have been filed with the Secretary.
2.8 Waiver of Notice. The transactions of any meeting of Shareholders,
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however called and noticed, and wherever held, are as valid as though had at a
meeting duly held after regular call and notice, if a quorum is present either
in person or by proxy, and if, either before or after the meeting, each of the
persons entitled to vote, not present in person or by proxy, signs a written
waiver of notice, or a consent to the holding of the meeting, or an approval of
the minutes thereof. All such waivers, consents, or approvals shall be filed
with the corporate records or made a part of the minutes of the meeting.
2.9 Voting. The voting at all meetings of Shareholders need not be by ballot,
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but any qualified Shareholder before the voting begins may demand a stock vote
whereupon such stock vote shall be taken by ballot, each of which shall state
the name of the Shareholder voting and the number of shares voted by such
Shareholder, and if such ballot be cast by a proxy, it shall also state the name
of any such proxy.
At any meeting of the Shareholders, every Shareholder having the right to
vote shall be entitled to vote in person, or by proxy appointed in a writing
subscribed by such Shareholder and bearing a date not more than eleven (11)
months prior to said meeting, unless the writing
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states that it is irrevocable and satisfies Section 705(e) of the California
Corporations Code, in which event it is irrevocable for the period specified in
said writing and said Section 705(e).
2.10 Record Dates. In the event the Board fixes a day for the determination of
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Shareholders of record entitled to vote as provided in Section 5.1 of Article V
of these Bylaws, then, subject to the provisions of the General Corporation Law
of the State of California only persons in whose name shares entitled to vote
stand on the stock records of the Corporation at the close of business on such
day shall be entitled to vote.
If no record date is fixed, (a) the record date for determining
Shareholders entitled to notice of or to vote at a meeting of Shareholders shall
be at the close of business on the business day next preceding the day notice is
given or, if notice is waived, at the close of business on the business day next
preceding the day on which the meeting is held; (b) the record date for
determining Shareholders entitled to give consent to corporate action in writing
without a meeting, when no prior action by the Board is necessary, shall be the
day on which the first written consent is given; and (c) the record date for
determining Shareholders for any other purpose shall be at the close of business
on the day on which the Board adopts the resolution relating thereto, or the
sixtieth (60th) day prior to the date of such other action, whichever is later.
A determination of Shareholders of record entitled to notice of or to vote
at a meeting of Shareholders shall apply to any adjournment of the meeting
unless the Board fixes a new record date for the adjourned meeting, but the
Board shall fix a new record date if the meeting is adjourned for more than
forty-five (45) days.
2.11 Cumulative Voting for Election of Directors. Provided the candidate's
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name has been placed in nomination prior to the voting and one or more
Shareholders has given notice at the
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meeting prior to the voting of the Shareholder's intent to cumulate the
Shareholder's votes, every Shareholder entitled to vote at any election for
Directors shall have the right to cumulate such Shareholder's votes and give one
candidate a number of votes equal to the number of Directors to be elected
multiplied by the number of votes to which the Shareholder's shares are normally
entitled, or distribute the Shareholder's votes on the same principle among as
many candidates as the Shareholder shall think fit. The candidates receiving the
highest number of votes of the shares entitled to be voted for them up to the
number of Directors to be elected by such shares are elected. Notwithstanding
anything to the contrary contained herein, if the Corporation becomes a "listed
corporation" within the meaning of Section 301.5 of the California Corporations
Code, the election of Directors by the Shareholders shall not be by cumulative
voting and instead, (i) each Shareholder entitled to vote may vote all the
shares held by the Shareholder for each of the several nominees for Director up
to the number of Directors to be elected; and (ii) each Shareholder may not cast
more votes for any single nominee than the number of shares held by that
Shareholder.
ARTICLE III - DIRECTORS
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3.1 Powers. Subject to any limitations in the Articles of Incorporation of the
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Corporation filed August 29, 1995 (the "Articles of Incorporation") or these
Bylaws and to any provision of the California Corporations Code requiring
Shareholder authorization or approval for a particular action, the business and
affairs of the Corporation shall be managed and all corporate powers shall be
exercised by, or under the direction of, the Board. The Board may delegate the
management of the day-to-day operation of the business of the Corporation to a
management company or other person provided that the business and affairs of the
Corporation shall be managed and all corporate powers shall be exercised, under
the ultimate direction of the Board.
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3.2 Number, Tenure and Qualifications. The number of Directors which shall
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constitute the whole board shall not be less than five (5) nor more than nine
(9). As of January 19, 1998, the Board consisted of nine (9) Directors and
shall not be changed except by a duly adopted resolution of the Board or the
Shareholders. Directors shall hold office until the next annual meeting of
Shareholders and until their respective successors are elected. If any such
annual meeting is not held, or the Directors are not elected thereat, the
Directors may be elected at any special meeting of Shareholders held for that
purpose. Directors need not be Shareholders.
3.3 Regular Meetings. A regular annual meeting of the Board shall be held
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without other notice than this Bylaw immediately after, and at the same place
as, the annual meeting of Shareholders. The Board may provide for other regular
meetings from time to time by resolution.
3.4 Special Meetings. Special meetings of the Board may be called at any time
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by the Chairman, the President, the Secretary, or any two Directors. Written
notice of the time and place of all special meetings of the Board shall be
delivered personally or by telephone or telegraph to each Director at least
forty-eight (48) hours before the meeting, or sent to each Director by first-
class mail, postage prepaid, at least four (4) days before the meeting. Such
notice need not specify the purpose of the meeting. Notice of any meeting of
the Board need not be given to any Director who signs a waiver of notice,
whether before or after the meeting, or who attends the meeting without
protesting prior thereto, or at its commencement, the lack of notice to such
Director.
3.5 Place of Meetings. Meetings of the Board may be held at any place within
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or without the State of California, which has been designated in the notice, or
if not stated in the notice or
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there is no notice, the principal executive office of the Corporation or as
designated by the resolution duly adopted by the Board.
3.6 Participation by Telephone. Members of the Board may participate in a
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meeting through use of conference telephone or similar communications equipment,
so long as all members participating in such meeting can hear one another.
3.7 Quorum. A majority of the Directors shall constitute a quorum. In the
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absence of a quorum, a majority of the Directors present may adjourn any meeting
to another time and place. If a meeting is adjourned for more than twenty-four
(24) hours, notice of any adjournment to another time or place shall be given
prior to the time of the reconvened meeting to the Directors who were not
present at the time of adjournment.
3.8 Action at Meeting. Every act or decision done or made by a majority of the
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Directors present at a meeting duly held at which a quorum is present is the act
of the Board. A meeting at which a quorum is initially present may continue to
transact business notwithstanding the withdrawal of Directors, if any action
taken is approved by at least a majority of the required quorum for such
meeting.
3.9 Waiver of Notice. The transactions of any meeting of the Board, however
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called and noticed or wherever held, are as valid as though had at a meeting
duly held after regular call and notice if a quorum is present and if, either
before or after the meeting, each of the Directors not present signs a written
waiver of notice, a consent to holding the meeting, or an approval of the
minutes thereof. All such waivers, consents and approvals shall be filed with
the corporate records or made a part of the minutes of the meeting.
3.10 Action Without Meeting. Any action required or permitted to be taken by
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the Board may be taken without a meeting, if all members of the Board
individually or collectively
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consent in writing to such action. Such written consent or consents shall be
filed with the minutes of the proceedings of the Board. Such action by written
consent shall have the same force and effect as a unanimous vote of such
Directors.
3.11 Removal. The Board may declare vacant the office of a Director who has
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been declared of unsound mind by an order of court or who has been convicted of
a felony. The entire Board or any individual Director may be removed from
office without cause by a vote of Shareholders holding a majority of the
outstanding shares entitled to vote at an election of Directors; provided,
however, that unless the entire Board is removed, no individual Director may be
removed when the votes cast against removal, or not consenting in writing to
such removal, would be sufficient to elect such Director if voted cumulatively
at an election at which the same total number of votes cast were cast (or, if
such action is taken by written consent, all shares entitled to vote were voted)
and the entire number of Directors authorized at the time of the Director's most
recent election were then being elected. In the event an office of a Director
is so declared vacant or in case the Board or any one or more Directors be so
removed, new Directors may be elected at the same meeting.
Notwithstanding anything to the contrary contained herein, if the
Corporation becomes a "listed corporation" pursuant to Section 301.5 of the
California Corporations Code, a Director may not be removed if the votes cast
against removal of the Director, or not consenting in writing to the removal,
would be sufficient to elect the Director if voted cumulatively (without regard
to whether shares may otherwise be voted cumulatively) at an election at which
the same total number of votes were cast (or, if the action is taken by written
consent, all shares entitled to vote were voted) and either the number of
Directors elected at the most recent annual
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meeting of Shareholders, or if greater, the number of Directors for whom removal
is being sought, were then being elected.
3.12 Resignations. Any Director may resign effective upon giving written
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notice to the Chairman, the President, the Secretary or the Board, unless the
notice specifies a later time for the effectiveness of such resignation. If the
resignation is effective at a future time, a successor may be elected to take
office when the resignation becomes effective.
3.13 Vacancies. Except for a vacancy created by the removal of a Director, all
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vacancies in the Board, whether caused by resignation, death or otherwise, may
be filled by a majority of the remaining Directors, though less than a quorum,
or by a sole remaining Director, and each Director so elected shall hold office
until his successor is elected at an annual, regular or special meeting of the
Shareholders. Vacancies created by the removal of a Director may be filled only
by approval of the Shareholders. The Shareholders may elect a Director at any
time to fill any vacancy not filled by the Directors. Any such election by
written consent requires the consent of a majority of the outstanding shares
entitled to vote.
3.14 Compensation. No stated salary shall be paid Directors, as such, for
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their services, but, by resolution of the Board, a fixed sum and expenses of
attendance, if any, may be allowed for attendance at each regular or special
meeting of such Board; provided that nothing herein contained shall be construed
to preclude any Director from serving the Corporation in any other capacity and
receiving compensation therefor. Members of special or standing committees may
be allowed like compensation for attending committee meetings.
3.15 Committees. The Board may, by resolution adopted by a majority of the
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authorized number of Directors, designate one or more committees, each
consisting of two (2) or more Directors, to serve at the pleasure of the Board.
The Board may designate one or more
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Directors as alternate members of any committee, who may replace any absent
member at any meeting of the committee. The appointment of members or alternate
members of a committee requires the vote of a majority of the authorized number
of Directors. Any such committee, to the extent provided in the resolution of
the Board, shall have all the authority of the Board in the management of the
business and affairs of the Corporation, except with respect to (a) the approval
of any action requiring Shareholders' approval or approval of the outstanding
shares, (b) the filling of vacancies on the Board or any committee, (c) the
fixing of compensation of Directors for serving on the Board or a committee, (d)
the adoption, amendment or repeal of Bylaws, (e) the amendment or repeal of any
resolution of the Board which by its express terms is not so amendable or
repealable, (f) a distribution to Shareholders, except at a rate or in a
periodic amount or within a price range determined by the Board, and (g) the
appointment of other committees of the Board or the members thereof.
ARTICLE IV - OFFICERS
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4.1 Number and Term. The officers of the Corporation shall be a President, a
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Secretary, an Assistant Secretary and a Chief Financial Officer (which may be a
Vice President responsible for finance), all of which shall be chosen by the
Board. In addition, the Board may appoint a Chairman of the Board, a Chief
Executive Officer, one or more Vice Presidents and such other officers as may be
deemed expedient for the proper conduct of the business of the Corporation, each
of whom shall have such authority and perform such duties as the Board may from
time to time determine. The officers to be appointed by the Board shall be
chosen annually at the regular meeting of the Board held after the annual
meeting of Shareholders and shall serve at the pleasure of the Board. If
officers are not chosen at such meeting of the Board,
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they shall be chosen as soon thereafter as shall be convenient. Each officer
shall hold office until his successor shall have been duly chosen or until his
removal or resignation.
4.2 Inability to Act. In the case of absence or inability to act of any
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officer of the Corporation and of any person herein authorized to act in his
place, the Board may from time to time delegate the powers or duties of such
officer to any other officer, or any Director or other person whom it may
select.
4.3 Removal and Resignation. Any officer chosen by the Board may be removed at
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any time, with or without cause, by the affirmative vote of a majority of all
the members of the Board. Any officer chosen by the Board may resign at any
time by giving written notice of said resignation to the Corporation. Unless a
different time is specified therein, such resignation shall be effective upon
its receipt by the Chairman, the President, the Secretary or the Board.
4.4 Vacancies. A vacancy in any office for any cause may be filled by the
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Board for the unexpired portion of the term.
4.5 Chairman of the Board. The Chairman shall preside at all meetings of the
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Board.
4.6 President. The President shall be the chief operating officer, the general
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manager and chief executive officer (unless a separate Chief Executive Officer
is elected by the Board) of the Corporation, subject to the control of the
Board, and as such shall preside at all meetings of Shareholders, shall have
general supervision of the affairs of the Corporation, shall sign or countersign
or authorize another officer to sign all certificates, contracts, and other
instruments of the Corporation as authorized by the Board, shall make reports to
the Board and Shareholders, and shall perform all such other duties as are
incident to such office or are properly required by the Board.
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4.7 Vice President. In the absence of the President, or in the event of such
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officer's death, disability or refusal to act, the Vice President, or in the
event there be more than one Vice President, the Vice Presidents in the order
designated at the time of their selection, or in the absence of any such
designation, then in the order of their selection, shall perform the duties of
President, and when so acting, shall have all the powers and be subject to all
restrictions upon the President. Each Vice President shall have such powers and
discharge such duties as may be assigned from time to time by the President or
by the Board.
4.8 Secretary. The Secretary shall see that notices for all meetings are given
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in accordance with the provisions of these Bylaws and as required by law, shall
keep minutes of all meetings, shall have charge of the seal and the corporate
books, and shall make such reports and perform such other duties as are incident
to such office, or as are properly required by the President or by the Board.
The Assistant Secretary or the Assistant Secretaries, in the order of their
seniority, shall, in the absence or disability of the Secretary, or in the event
of such officer's refusal to act, perform the duties and exercise the powers and
discharge such duties as may be assigned from time to time by the President or
by the Board.
4.9 Chief Financial Officer. The Chief Financial Officer may also be
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designated by the alternate title of "Vice President-Finance" or "Treasurer."
The Chief Financial Officer shall have custody of all moneys and securities of
the Corporation and shall keep regular books of account. Such officer shall
disburse the funds of the Corporation in payment of the just demands against the
Corporation, or as may be ordered by the Board, taking proper vouchers for such
disbursements, and shall render to the Board from time to time as may be
required of such officer, an account of all transactions as Chief Financial
Officer and of the financial
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condition of the Corporation. Such officer shall perform all duties incident to
such office or which are properly required by the President or by the Board.
The Assistant Chief Financial Officer or the Assistant Chief Financial
Officers, in the order of their seniority, shall, in the absence or disability
of the Chief Financial Officer, or in the event of such officer's refusal to
act, perform the duties and exercise the powers of the Chief Financial Officer,
and shall have such powers and discharge such duties as may be assigned from
time to time by the President or by the Board.
4.10 Salaries. The salaries of the officers shall be fixed from time to time
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by the Board and no officer shall be prevented from receiving such salary by
reason of the fact that such officer is also a Director of the Corporation.
4.11 Officers Holding More than One Office. Any two or more offices may be
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held by the same person.
4.12 Approval of Loans to Officers. The Corporation may, upon the approval of
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the Board alone, make loans of money or property to, or guarantee the
obligations of, any officer of the Corporation or its parent or subsidiary,
whether or not a Director, or adopt an employee benefit plan or plans
authorizing such loans or guaranties provided that (i) the Board determines that
such a loan or guaranty or plan may reasonably be expected to benefit the
Corporation, (ii) the Corporation has outstanding shares held of record by one
hundred (100) or more persons (determined as provided in Section 605 of the
California Corporation Code) on the date of approval by the Board, and (iii) the
approval of the Board is by a vote sufficient without counting the vote of any
interested Director or Directors.
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ARTICLE V - MISCELLANEOUS
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5.1 Record Date and Closing of Stock Bonds. The Board may fix a time in the
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future as a record date for the determination of the Shareholders entitled to
notice of and to vote at any meeting of Shareholders or entitled to receive
payment of any dividend or distribution, or any allotment of rights, or to
exercise rights in respect to any other lawful action. The record date so fixed
shall not be more than sixty (60) nor less than ten (10) days prior to the date
of the meeting or event for the purposes of which it is fixed. When a record
date is so fixed, only Shareholders of record at the close of business on that
date are entitled to notice of and to vote at the meeting or to receive the
dividend, distribution, or allotment of rights, or to exercise the rights, as
the case may be, notwithstanding any transfer of any shares on the books of the
Corporation after the record date.
The Board may close the books of the Corporation against transfers of
shares during the whole or any part of a period of not more than sixty (60) days
prior to the date of a Shareholders' meeting, the date when the right to any
dividend, distribution, or allotment of rights vests, or the effective date of
any change, conversion or exchange of shares.
5.2 Certificates. Certificates of stock shall be issued in numerical order and
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each Shareholder shall be entitled to a certificate signed in the name of the
Corporation by the Chairman or the President or a Vice President, and the Chief
Financial Officer, the Secretary or an Assistant Secretary, certifying to the
number of shares owned by such Shareholder. Any or all of the signatures on the
certificate may be facsimile. Prior to the due presentment for registration of
transfer in the stock transfer book of the Corporation, the registered owner
shall be treated as the person exclusively entitled to vote, to receive
notifications and otherwise to
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exercise all the rights and powers of an owner, except as expressly provided
otherwise by the laws of the State of California.
5.3 Representation of Shares in Other Corporations. Shares of other
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corporations standing in the name of this Corporation may be voted or
represented and all incidents thereto may be exercised on behalf of the
Corporation by the Chairman, the President or any Vice President and the Chief
Financial Officer or the Secretary or an Assistant Secretary.
5.4 Annual Reports. If the Corporation has more than one hundred (100) holders
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of record of its shares (as determined by California Corporations Code Section
605) then the Annual Report to Shareholders shall be prepared and distributed as
described in the California Corporations Code Section 1501, provided, however,
if the Corporation has less than one hundred (100) holders of record of its
shares then the requirements under California Corporations Code Section
1501shall be expressly waived and dispensed with by the Corporation.
5.5 Amendments. Bylaws may be adopted, amended, or repealed by the vote or the
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written consent of Shareholders entitled to exercise a majority of the voting
power of the Corporation. Subject to the right of Shareholders to adopt, amend,
or repeal Bylaws, Bylaws may be adopted, amended, or repealed by the Board,
except that a Bylaw amendment thereof changing the authorized number of
Directors may be adopted by the Board only if these Bylaws permit an indefinite
number of Directors and the Bylaw or amendment thereof adopted by the Board
changes the authorized number of Directors within the limits specified in these
Bylaws.
5.6 Indemnification of Corporate Agents. The Corporation shall indemnify each
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of its Directors, officers, employees and agents against expenses, judgments,
fines, settlements and other amounts, actually and reasonably incurred by such
person by reason of such person's
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having been made or having threatened to be made a party to a proceeding to the
fullest extent permissible by the provisions of Section 317 of the California
Corporations Code. The indemnification provided by this section shall not be
deemed exclusive of any rights to which those seeking indemnification may be
entitled under any bylaw, agreement, vote of Shareholders or disinterested
Directors or otherwise, both as to action in an official capacity and as to
action in another capacity while holding such office, to the extent such
additional rights to indemnification are authorized in the Articles of
Incorporation of the Corporation. The rights to indemnity hereunder 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 the person.
Expenses incurred by a Director in defending a civil or criminal action,
suit or proceeding by reason of the fact that he is or was a Director of the
Corporation (or was serving at the Corporation's request as a Director or
officer of another corporation) shall be paid by the Corporation in advance of
the final disposition of such action, suit or proceeding upon receipt of an
undertaking by or on behalf of such Director to repay such amount if it shall
ultimately be determined that he is not entitled to be indemnified by the
Corporation as authorized by relevant sections of the California Corporations
Code.
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I, Michael W. Sund, Secretary of Mycogen Corporation, a California
corporation, do hereby certify that the foregoing Bylaws of Mycogen Corporation
are the duly adopted Bylaws of said Corporation as they are in effect on the
date hereof.
IN WITNESS WHEREOF, I have hereunto subscribed my name this 12th day of
March, 1998.
/s/ Michael W. Sund
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Michael W. Sund, Secretary
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