Due Incorporation and Authority. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Texas and has all requisite corporate power and lawful authority to own, lease and operate its assets, properties and business and to carry on its business as now being conducted. The Company has heretofore delivered to the Buyer true and complete copies of its Articles of Incorporation (certified by the Secretary of State of Texas) and Bylaws (certified by its secretary or an assistant secretary) as in effect on the date hereof.
Appears in 3 contracts
Sources: Stock Purchase Agreement (Network Systems International Inc), Stock Purchase Agreement (Network Systems International Inc), Stock Purchase Agreement (Network Systems International Inc)