Document jyRy3XN1KMpdp9y2oq5K58mvZ

..* FROM: SUBJECT: #150-H - R. A. Meyer #149 "- T. S. Snell Certificate of Incorporation February 5, 1980 Last year shortly after the annual meeting, Suzanne Torrey wrote me a memorandum, a copy of which is attached. She has an excellent point, and I am calling it to your attention now so that we can give it some thought following the forth coming Board meeting. Since we probably will go to the stockholders with the new stock option plan and perhaps other things, it might be possible to include a simplification of the statement of the purpose of the Company also. I would not simply delete these words, but I would rewrite the entire paragraph Third. Actually, this approach to statement of purpose is archaic. We gave some thought to restating the purpose at the time we adopted the other changes in the articles a few years ago, but decided not to do it at that time because we did not want to complicate the other things we were trying to do. I would appreciate your preliminary thoughts on the subject.' If you think it has any merit, then I would be inclined to start now to develop some background, contact our counsel in Delaware, draft a new article Third, and be ready to take it to Graham some time in late March, if that would be an appropriate time. TSS/bb Attachment cc: #149 - E. L. Wade #149 - S. K. Torrey i film ottos:) c-eiio United States Gypsum TO: 1149 - T. S. Snell1 FROM: 1* SUBJECT: #149 -U. K. Torrey USG Corporate Purposes May 25, 1979 In researching responses for Answers to Interrouatories in connec tion with the California cases, we IwH reason to look at the stated purposes in the Cuitificate of incorporotion for USG. In reviewing those purposes, I note that reference is made to asbes-" tos in two places, a copy is attached Lor your reference. Since we no longer manufacture products containing asbestos, I suggest that we might want to consider changing our Corporate Purposes. SKT:mm Attachment .-M C I 0203b 4' United States Gypsum G.ompany *A C IIKSTATKI) CKMTI TICATK OK 1 Mt'Oltl'ollAT I UN of I.INITKI) STATES UYI'StIM COMPANY lOrtflaally lacorporated H<tr iki* f ii Oft Foil raary 4# |UMI ( Corpora* i* flratl Tk line of tk* corpor*tloa la ON I TED STATES I.TI'MIH COMl'ANT. Second: Its principal nlMct la tk* Slat* of In InralnP at Nn. 100 Vent Tetb Street, I* tka tllly of Yilmlaytna, Cnsatf of U Caatlo. Tl << > aOtlrens nf Itn rnl*l*t kfaat la Tka Corporation Traat Compaay, No. |00 Vnnt Tnatk ilironi, Vilminpwin, lcl*rt IIP3S. mi riff The ante n f<f t ho haaj npqs aail tfcir.oti ft f pwtn t *l~ tv a 7 ggfyii?g io juCJf. fnasl f>wnmai`s n fnuoapil-.ln bi* _1 f n g f &C. 1 C To bias fac 1re, nett *r4 deal ( &d %Uk mMrrUU Aid arilrl** *nlf fiwn or costal ala? r)l,***i a hyd r 11 e, I in^moi *, peril /, Aibrsim, aIMi a, KMOt cU^t fireclay, rf rftrtitrf mu* on .11 *, Aaphalt Mil oUnr mlaerell* i< or***, nmW proilaclft, AAhirulii and article* iftftdo Iruft or coatAlaiag umid sad wood fllitr* akil moial*; / To oeespy, and denkjitp lAt^'nisulDin iri`on iibr'lri 1^, lire* ulna*, p*rlii*{ AulifiiiiSi eltlra, oIca, rlfttr--^rTr* clay, rf rAClnry nAiMi.ilf ai)*I>aI 1 - a ft *1 ntlor b(i*VaIa Ail..(rm n| lands roit a!U( umber, rn.il, ml, ml raft* ml to quarry, s tract, refine. J'rucpin aad aell lid mlavralft, orftft, linber, coal* oil* aid |m; To ISA# a f Af (ft fft* purckise rr .01 hftfvi no Aeqslr*, la?**i In, itwn, rftnrtpftfft, pledge, I l hcrvl an 41 ftpon* uf, rsiir, deal in Aad lraI (0 any mher prmliictt, in -ills a ft d ftrtlcl I To coft*frftct ftftd cmirict in coftntrtet betldlarn nl ntnictnrM, nr nay part or pari* thereof, aiI n aril ut mn or other*!** llft|Pft* thereof ur to IO ift formlftfi and operate the iiai; To Acquire, hold* me. Hell, lean*, great license* in respect nf, mortg*t* or ntherwlfto dispone of Letter* I'll ni 1 of th#llaie<j Suiuh or any foreign country, paieat rlfhta, UrpiHfi and (irltllejn, liveallo**. Imp go noea < A aai! p rm.enarn, rnpyrtebtK, iriilp-mAMs Aid trade amni related to or vend la coaa*ctlua aid aay b|nis of till corporation; To acquire nl pAf for la cash, stock or Imidi nr aay other form of I ndchteriaeaft of ihtp rori'oratioa or otherwise, b* (nod will, rights, mi and j* rope r 1 I ea, ami lo undertake or aaeame ike whole or a a y part of ihft obligations or IUi>llin?a of *y ptraut, Mrw, aanoclatloa or corporal in a; To ae.qil re by purchase, nubaerIpt loa or oUeral, aoi! 10 roe#*!*, bold, own, (iitama*, sell, assign, etrhnagv, trnanfnr, mortgag*, pledga or DthervU* d|*puaa of or I*aI la and vltb any f ik share* of i npl ul mock or aay voting iruai certificate* la.reaped of the shares nf capital* mock, script, warrants, rlfkta, bond*, rieftnaturen, aoie*, trust receipts and otkar ftftea ri 11 an, nhl I f At loan, ekoaa la actios aai) ovldaacnft of I *! *ti 1 edneaa or laiir*at, laaved or reat*l by aay vo rt*o r a I loan, Jolat Block compaalaa, aya4tcAir>, a aimic I n. 1 I nn n, firms, iruata or pereuaa, pM ir *r prltAte, or by the tnv*rmaat nf tko llkh*<1 Slftlea nf Am*rlca or by Any f re Ipa git? imiim t nr (? .lay aiaia, icrrltnry, prrlack, municipality nr i>( hr )*iklltliAl *vh* ll?lslias r tty aa? tfn? * rnma a I a I Ageary, aI aa umit th*r*nf 11* |uHinttiA aaI vierrlan Alt nf tlii* |*"***m ml right* Aid prlvllnge of. ovanrehtp, I a <. I ml 1 a g t Im r|(/. t in rerat rnnscftta a*I mi ?<f*i lhwr**oa. Aft*! in *lo nay pad All Ada m iking* eeerAAnry nr ndrlA.iiilo (nr mv j*rft?r?Ailna, pruter 1 lua, laip rn?eM*a t aail ealiAAcmeat la ike thUn thnmof; Tn nal*r ialo, inake aad perform mil nrie 11 f e?*ry k 1 ad *nd d*t*r r I p t I oa will, *ty |>erana firm, a * *n* i >i t I na, 1 n r|i in 1 I na, mu a 1 r I p a I i t y, muaty, a 1,11 tt IhmIj |mi I i i i i:^u r gi*v**rameA 1 nf * tolnay ur drpundnar y lker**i; Tn linrrnv nr taImi* menyft fur Aap nf the |Mir|MAft nf l 1 uri'urM Im and, from I late tn | * lfte ft I I Uni, 1 limit +n In amumiai. In draft, make, ra*lnrae, r|i>rnii< >ti*il teem* pmitvi^Anry nile |lf*ifl:a Itilln of efth.iag**, W4fr*M, Imnda, ilnl*eM*fM a*.I n|ln<r nugmlAltlr ur an a a e go t \ a l> 1 . i a a t rtiasB 1 m nnd rvttlffire nf 1 adolt I I eft a, and lo a**rur# t !.; payen'ei nf ,*y <hi*r<*uf nn*| %\f the t inter***! ikerenit ly innrtgare, U|lli*a or |tedp**, fa?ey.iAr* nr an a I game a l tn Irani nf the hole jif an? pari of 1 lie |i rnfn* r t I * a nf Ih ci rpo r a i Inn, whether ai ike 1 liai nac*| nr I he re.i f i * r nrqnt rii, d lo eel), pledge or nihnrftiftr iliapiiAa of *u*:h liuuda nr iiUntr nli 1 I g a 11 o ad nf the corporal Ion for It* corporate porpoft**; To ] seen r 1 1 y; ofty pi film or rnrporniloa *ny of Itn ntirplan fnada, either with or wltknat To pan hane, hold, *l I Aad.1 iraaafor the nhar** nf It* n* .ip|lal mock; pro?lle4 that Itt l L v. 1 f A 11 c fc i t)!0!;-.) i..' jnk.itl till *!* I It r*nf* nr l**fi f*r fci* pn rr b ii( i i * ** Vfc*** Mcb mmn mimi I il i mfiH Any l|tn I in**** I f I i r aim i a| *)( iii( |imvt*trl further I bn I whtp'f* *( I in *in tn|tilnl nlink i (mi r llrf*cil; nr I i<l I rn# I y* *k>r*^ f i m krrwnr r Il fthnll r*#b t t ! j In; ! Tia r*ftlvrt lot ImaIaa^a il III Iap r*<*cn aiI ) tit# if rn lairl nn rf In Nifplft r** l f I f; in bnv>* nr wir# nfflrn*,; in hnf| bn kn f | hf rat i > * a t 1 M*ti*l< I b* NUif f HflivAi-i*, firrin 4A n*f ii |irtvM**l fiy Inn, *! in pnrrk**** t b** * nr|lm MH. *wn "or hajp, noil. rn*v*r r MkrrwtA** t | if, r*l nr trnnn*l (iifipvriy of virr; cIaia aul lcrl)Hioa, rft(br in nr oil el tin Smic i| Delaware; It f**rntt in c*fff on mt otbrr bAltAi la nnn n#e I ni lib |ba fnr**fntf# an4 to k*f Mil MkrrlAA nil tbn patwcrn cnf*rr4 bf tbn Uva nf U*UAr vpnn rotcoral Iaia lh n*n#ml CnrpnfAl loi Uv nf tbn Stain of rAUr, in tai nay nal all nf lb# |h|a(a ht>rrlnbcfore eel _^fDrth_lo the aaine fltlflai a tturnl am i. r b it-.- i. 1 1' ( 'S. o rj o yi .u