Sentences with phrase «vote than the minimum required»

Not exact matches

Pursuant to Section 228 of the DGCL, any action required to be taken at any annual or special meeting of the stockholders may be taken without a meeting, without prior notice and without a vote if a consent or consents in writing, setting forth the action so taken, is signed by the holders of outstanding stock having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all shares of our stock entitled to vote thereon were present and voted, unless the certificate of incorporation provides otherwise.

First, the county board of supervisors slashed funds for its public schools to $ 150,000, the minimum amount legally required in 1955 — $ 550,000 less than the nearly $ 700,000 requested by the county school board.9 Along with allocating fewer funds for the County's schools, supervisors also voted to switch how often they would distribute those funds, changing the schedule from an annual basis to a monthly basis.