Attached files
file | filename |
---|---|
S-1 - FORM S-1 - ENERGY CORP OF AMERICA | l39163sv1.htm |
EX-3.1 - EX-3.1 - ENERGY CORP OF AMERICA | l39163exv3w1.htm |
EX-3.4 - EX-3.4 - ENERGY CORP OF AMERICA | l39163exv3w4.htm |
EX-3.3 - EX-3.3 - ENERGY CORP OF AMERICA | l39163exv3w3.htm |
EX-3.5 - EX-3.5 - ENERGY CORP OF AMERICA | l39163exv3w5.htm |
EX-4.1 - EX-4.1 - ENERGY CORP OF AMERICA | l39163exv4w1.htm |
EX-21.1 - EX-21.1 - ENERGY CORP OF AMERICA | l39163exv21w1.htm |
EX-23.1 - EX-23.1 - ENERGY CORP OF AMERICA | l39163exv23w1.htm |
EX-10.1 - EX-10.1 - ENERGY CORP OF AMERICA | l39163exv10w1.htm |
EX-10.2 - EX-10.2 - ENERGY CORP OF AMERICA | l39163exv10w2.htm |
EX-23.4 - EX-23.4 - ENERGY CORP OF AMERICA | l39163exv23w4.htm |
Exhibit 3.2
ARTICLES OF INCORPORATION
OF
ENERGY CORPORATION OF AMERICA
OF
ENERGY CORPORATION OF AMERICA
The undersigned, acting as incorporator of a corporation under Section 27, Article 1,
Chapter 31, of the Code of West Virginia adopts the following Articles of Incorporation for such
corporation, FILED IN DUPLICATE:
I. The undersigned agrees to become a corporation by the name of Energy Corporation of America
(the Corporation).
II. The address of the principal office of the Corporation will be 501 56th Street,
Charleston, West Virginia 25304.
III. The purposes for which the Corporation is formed are as follows:
All lawful purposes, including:
To purchase, to receive by way of gift, subscribe for, invest in, and in all other ways
acquire, import, lease, possess, maintain, handle on consignment, own, hold for investment or
otherwise use, enjoy, exercise, operate, manage, conduct, perform, make, borrow, guarantee,
contract in respect of, trade and deal in, sell, exchange, let, lend, export, mortgage, pledge,
deed in trust, hypothecate, encumber, transfer, assign and in all other ways dispose of, design,
develop, invent, improve, equip, repair, alter, fabricate, assemble, build, construct, operate,
manufacture, plant, cultivate, produce, market, and in all other ways (whether like or unlike any
of the foregoing), deal in and with property of every kind and character, real, personal or mixed,
tangible or intangible, wherever situated and however held, including, but not limited to, money,
credits, choses in action, securities, stocks, bonds, warrants, script, certificates, debenture
mortgages, notes, commercial paper and other obligations and evidences of interest in or
indebtedness of any person, firm or corporation, foreign or domestic, or of any government or
subdivision or agency thereof, documents of title, and accompanying rights, and every other kind
and character of personal property, real property (improved or unimproved), and the products and
avails thereof, and every character of interest therein and appurtenance thereto, including, but
not limited to, mineral, oil, gas, water and timber rights, all or any part of any going business
and its incidents, franchises, subsidies, charters, concessions, grants, rights, powers or
privileges, granted or conferred by any government or subdivision or agency thereof, and any
interest in or
part of any of the foregoing, and to exercise in respect thereof all of the rights, powers,
privileges, and immunities of individual owners or holders thereof.
To incur debts, and to raise, borrow and secure the payment of money in any lawful manner,
including the issue or sale other distribution of bonds, warrants, debentures, obligations,
negotiable and transferrable instruments, and evidences of indebtedness of all kinds, whether
secured by mortgage, pledge, deed of trust or otherwise, and without limit as to amount.
To enter into, make, perform and carry out contracts of every sort and kind with any person,
firm, association, corporation, public, private or municipal, or body politic.
To hire and employ agents, servants and employees, and to enter into agreements of employment
and collective bargaining agreements, and to act as agent, contractor, trustee, factor or
otherwise, either alone or in company with others.
To promote or aid in any manner, financially or otherwise, any person, firm, association or
corporation, and to guarantee contracts and other obligations.
To let concessions to others to do any of the things that the Corporation is empowered to do,
and to enter into, make, perform and carry out, contracts and arrangements of every kind and
character with any person, firm, association or corporation, or any government or authority or
subdivision or agency thereof.
For the purpose of attaining or furthering any of its objects, to do any and all other acts
and things, and to exercise any and all other powers which a copartnership or a natural person
could do and exercise, and which now or hereafter may be authorized by law.
To carry on any business whatsoever that the Corporation may deem proper or convenient in
connection with any of the foregoing purposes or otherwise, or that it may deem calculated,
directly or indirectly, to improve the interests of the Corporation, and to do all things specified
in Chapter 31 of the West Virginia Code, as amended, and to have and to exercise all powers
conferred by the laws of the State of West Virginia on corporations formed under the laws pursuant
to which and under which the Corporation is formed, as such laws are now in effect or may at any
time hereafter be amended, and to do any and all things hereinabove set forth to the same extent
and as fully as natural persons might or could do, either alone or in connection with other
persons, firms, associations or corporations, and in any part of the world.
2
The foregoing statement of purposes shall be construed as a statement of both purposes and
powers, shall be liberally construed in aid of the powers of the Corporation, and the powers and
purposes stated in each clause shall, except where otherwise stated, be in no way limited or
restricted by any term or provision of any other clause, and shall be regarded not only as
independent purposes, but the purposes and powers stated shall be construed distributively as each
object expressed, and the enumeration as to specific powers shall not be construed as to limit in
any manner the aforesaid general powers, but are in furtherance of, and in addition to, and not in
limitation of said general powers.
IV. Provisions granting preemptive rights are:
Preemptive rights are not granted by these Articles of Incorporation.
V. Provisions for the regulation of the internal affairs of the Corporation are:
Regulation of the internal affairs of the Corporation are not provided for by these Articles
of Incorporation, but by-laws may later be adopted for the Corporation.
VI. The amount of the total authorized capital stock of the Corporation shall be Two Million
Dollars ($2,000,000.00) which shall be divided into two million (2,000,000) shares of the par value
of One Dollars ($1.00) each.
VII. The full name and address of the incorporator is:
Tammy J. Owen
Goodwin & Goodwin
P O Box 2107
Charleston WV 25328
Goodwin & Goodwin
P O Box 2107
Charleston WV 25328
VIII. The existence of the Corporation is to be perpetual.
IX. The name and address of the appointed person to whom notice of process may be sent:
Donald C. Supcoe
Energy Corporation of America
501 56th Street
Charleston WV 25304
Energy Corporation of America
501 56th Street
Charleston WV 25304
3
X. The number of directors constituting the initial board of directors of the Corporation is
three, 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:
John Mork
4643 S. Ulster
Suite 1100
Denver CO 80237
4643 S. Ulster
Suite 1100
Denver CO 80237
Kenneth Brill
4643 S. Ulster
Suite 1100
Denver CO 80237
4643 S. Ulster
Suite 1100
Denver CO 80237
F. H. McCullough, III
510 C Street
South Charleston WV 25303
510 C Street
South Charleston WV 25303
XI. Liability, Indemnification and Insurance.
A. A director of the Corporation shall not be personally liable to the Corporation or its
shareholders for monetary damages for breach of fiduciary duty as a director, except for liability
(i) for any breach of the directors duty of loyalty to the Corporation or its shareholders, (ii)
for acts or omissions not in good faith or which involve intentional misconduct or a knowing
violation, (iii) under Section 9 of the West Virginia Corporation Act or (iv) for any transaction
from which the director derived an improper personal benefit.
B. Each person who was or is made a party or is threatened to be made a party to or is
involved in any action, suit or proceeding, whether civil, criminal, administrative or
investigative (hereinafter a proceeding), by reason of the fact that he or she, or a person of
whom he or she is the legal representative, is or was a director or officer of the Corporation or
is or was serving at the request of the Corporation as a director, officer, employee or agent of
another corporation or of a partnership, joint venture, trust or other enterprise, including
service with respect to employee benefit plans, whether the basis of such proceeding is alleged
action in an official capacity as a director, officer, employee or agent or in any other capacity
while serving as a director, officer, employee or agent, shall be indemnified and held harmless by
the Corporation to the fullest extent authorized by the West Virginia Corporation Act, as the same
exists
4
or may hereafter be amended (but, in the case of any such amendment, only to the extent that
such amendment permits the Corporation to provide broader indemnification rights than said law
permitted the Corporation to provide prior to such amendment), against all expense, liability and
loss (including attorneys fees, judgments, fines, ERISA excise taxes or penalties and amounts paid
or to be paid in settlement) reasonably incurred or suffered by such person in connection therewith
and such indemnification shall continue as to a person who has ceased to be a director, officer,
employee or agent and shall inure to the benefit of his or her heirs, executors and administrators;
provided, however, that except as provided in paragraph (B) hereof, the Corporation shall indemnify
any such person seeking indemnification in connection with a proceeding (or part thereof) initiated
by such person only if such proceeding (or part thereof) was authorized by the Board of Directors
of the Corporation. The right to indemnification conferred in this Section shall be a contract
right and shall include the right to be paid by the Corporation the expenses incurred in defending
any such proceeding in advance of its final disposition; provided, however, that, if the West
Virginia Corporation Act requires, the payment of such expenses incurred by a director or officer
in his or her capacity as a director or officer (and not in any other capacity in which service was
or is rendered by such person while a director or officer, including without limitation, service to
any employee benefit plan) in advance of the final disposition of a proceeding, shall be made only
upon delivery to the Corporation of an undertaking, by or on behalf of such director or officer, to
repay all amounts so advanced if it shall ultimately be determined that such director or officer is
not entitled to be indemnified under this Section or otherwise. The Corporation may, by action of
its Board of Directors, provide indemnification to employees and agents of the Corporation with the
same scope and effect as the foregoing indemnification of directors and officers.
C. If a claim under paragraph (1) of this Section is not paid in full by the corporation
within thirty (30) days after a written claim has been received by the Corporation, the claimant
may at any time thereafter bring suit against the Corporation to recover the unpaid amount of the
claim and, if successful in whole or in part, the claimant shall be entitled to be paid also the
expense of prosecuting such claim. It shall be a defense to any such action (other than an action
brought to enforce a claim for expenses incurred in defending any proceeding in advance of its
final disposition where the required undertaking, if any is required, has been tendered to the
Corporation) that the claimant has not met the standards of conduct which make it permissible under
the West Virginia Corporation Act for the Corporation to indemnify the claimant for the amount
claimed, but the burden of proving such defense shall be on the Corporation. Neither the failure
of the Corporation (including its Board of Directors, independent legal counsel or its
shareholders) to have made a determination prior to the commencement
5
of such action that indemnification of the claimant is proper in the circumstances because he
or she has met the applicable standard of conduct set forth in the West Virginia Corporation Act,
nor an actual determination by the Corporation (including its Board of Directors, independent legal
counsel or it shareholders) that the claimant has not met such applicable standard of conduct,
shall be a defense to the action or create a presumption that the claimant has not met the
applicable standard of conduct.
D. The right to indemnification and the payment of expenses incurred in defending a proceeding
in advance of tis final disposition conferred in this Section shall not be exclusive of any other
right which any person may have or hereafter acquire under any statute, provision of the Articles
of Incorporation, By-Laws, agreement, vote of shareholders or disinterested directors or otherwise.
E. The Corporation may maintain insurance, at its expense, to protect itself and any director,
officer, employee or agent of the Corporation or another corporation, partnership, joint venture,
trust or other enterprise against any such expense, liability or loss, whether or not the
Corporation would have the power to indemnify such person against such expense, liability or loss
under the West Virginia Corporation Act.
I, the undersigned, for the purpose of forming a corporation under the laws of the State of
West Virginia, do make and file these Articles of Incorporation, and have accordingly hereunto set
my hand this 25th day of May, 1995.
/s/ Tammy J. Owen | ||||
Tammy J. Owen | ||||
6