Number and Classification. The number of shares of each Series that may be issued shall be unlimited. The Board may classify or reclassify any unissued shares of any Series or any Shares previously issued and reacquired into one or more Series that may be established and designated from time to time. Shares reacquired by CalTRUST shall be canceled and restored to the status of authorized and unissued Shares undesignated as to Series.
Appears in 4 contracts
Sources: Joint Exercise of Powers Agreement, Joint Exercise of Powers Agreement, Joint Exercise of Powers Agreement