Alberta Share Classes (A and B Common, C and D Preferred) by Megadox

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Prepare a Schedule to Articles of Incorporation for an Alberta business corporation with this template which creates common and preferred shares of stock:
- Class A common voting shares;
- Class B common non-voting shares;
- dividends on common shares to be declared contemporaneously;
- Class C preferred non-voting dividend bearing redeemable shares with rights on dissolution in priority to other classes;
- Class D preferred non-voting shares, with rights on dissolution in priority to the common shares.
This Alberta Articles of Incorporation Schedule for Share Classes A and B Common, C and D Preferred is in MS Word format, and is fully editable.

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									                           The Classes and Any Maximum Number of Shares
                             That The Corporation is Authorized to Issue


3.1     Authorized Capital

(a)     An unlimited number of Class "A" Common shares;
(b)     An unlimited number of Class "B" Common shares;
(c)     An unlimited number of Class "C" Preferred shares; and
(d)     An unlimited number of Class "D" Preferred shares;

3.2     The Special Rights, Privileges, Restrictions and Conditions Attaching to each Class of Shares

(a)     Voting

The holder of Class "A" Common shares shall be entitled to vote at all meetings of the shareholders of the
Corporation except meetings at which only holders of a specified class of shares are, by the provisions of
the Business Corporations Act, entitled to vote. Subject always to the provisions of the Business
Corporations Act, the holders of Class "B" Common shares, Class "C" Preferred shares and Class "D"
Preferred shares shall not be entitled to receive notice of or attend any meetings of the shareholders of the
Corporation and shall not be entitled to vote at such meetings.

(b)     Dividends

(i)     Discretionary Dividends

The holders of the Class "C" Preferred shares shall in each year, at the discretion of the directors, be
entitled out of all or any profits or surplus available for dividends to non-cumulative dividends as may be
determined by the Directors, payable at such time or times and at such place or places as the Directors
may determine. The said dividends shall be non-cumulative whether earned or not earned, and if in any
fiscal year the directors in their discretion shall not declare the said dividends or any part thereof , then
the right of the holders of the Class "C" Preferred shares to dividends for the fiscal year shall be
extinguished.

(ii)    Restriction on Dividends

No dividends or distributions of any kind whatsoever shall he declared or made in respect of any of the
shares of the Corporation which would be contrary to any applicable law or which would have the effect
of reducing the net assets, including goodwill, of the Corporation to an amount insufficient to enable the
redemption by the Corporation, at the aggregate Redemption Amounts, of the issued and outstanding
Class "C" Preferred shares and, if applicable, the issued and outstanding Class "D" Preferred shares of any
series that may be redeemable. Subject only to the foregoing, the holders of Class "C" Preferred shares
shall not be entitled to any priority to dividends in relation to the Class "A" Common shares, the Class "B"
Common shares, or any other shares ranking junior to the Class "C" Preferred shares and dividends may
be declared and paid in respect of these other shares in any particular fiscal year notwithstanding that no
dividends have been paid in respect of the Class "C" Preferred shares in such fiscal year.

(iii)   Equal Dividends Between Class "A" Common Shares and Class "B" Common Shares

The holders of the Class "A" Common shares shall be entitled to such dividends (if any) as the directors in
their discretion may declare; provided, however, that no dividend on the Class "A" Common shares shall
be declared unless contemporaneously therewith the directors shall declare a dividend, payable at the
same time as such dividend on the Class "A" Common shares, on each Class "B" Common share, then
outstanding in an amount equal to the amount of the dividend payable at the time on each Class "A"
Common share.

(c)     Redemption Amount of Class "C" Preferred Shares

The Redemption Amount for each Class "C" Preferred share shall be the sum of One ($1.00) Dollar.

(d)     Redemption Procedure

Subject to the Business Corporations Act, the Corporation may, upon giving notice as hereinafter
provided, redeem the whole or any part of the Class "C" Preferred shares on payment for each Class "C"
Preferred share to be redeemed of the Redemption Amount, together with all dividends declared thereon
and unpaid. If less than all the Class "C" Preferred shares are at any time to be redeemed, the shares to be
redeemed shall be selected in a manner determined by the Directors. If a part only of the Class "C"
Preferred shares represented by any certificate are to be redeemed, a new certificate representing the
balance of such shares shall be issued to the holder thereof at the expense of the Corporation upon
presentation and surrender of the first mentioned certificate. Unless waived by the registered holder of
the shares to be redeemed, the Corporation shall give not less than thirty (30) days notice in writing of
such redemption by mailing such notice to the registered holder of each Class "C" Preferred share to be
redeemed, specifying the date and place or places of redemption. If notice of any such redemption be
given by the Corporation in the manner aforesaid and in amount sufficient to redeem such shares be
deposited with any trust company or chartered bank in Canada as specified in the notice on or before the
date fixed for redemption and the holders thereof shall thereafter have no rights against the Corporation
in respect thereof except, upon the surrender of certificates for such Class "C" Preferred shares, to receive
								
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