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To change the number of shares and the par value,'if any,of any type,or to designate n class or series,of stock,or change a designation of <br /> class or series of stock,which the corporation is authorized to issue,complete the following: <br /> "total authorized prior to amendment: <br /> WITHOUT PAR VALUE WITH PAR VALUE <br /> TYPE NUMBER OF SHARES TYPE NUMBER OF SHARES PAR VALUE <br /> Common 500 <br /> Total authorized after amendment: <br /> %Y/ITH0UT PAR VALUE WITH PAR VALUE <br /> TYPE NUMBER OF SHARES TYPE NUMBER OF SHARES PAR VALUE <br /> Common 120 <br /> (7)The amendment shall be effective at the time and on the date approved by the Division,unless a later effective date nor more than 90 <br /> days from the date and time of filing is specified: <br /> 'C.L.Chapter 156D eliminates for concept of par value,however a corporation may spetify par value in Article III,See C.L,Chapter 156D, <br /> Section 6i.21,and the comments relative therrto. <br />