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(a) Persons holding outstanding shares of a class shall be entitled to vote on a proposed amendment as a class, whether or not entitled to vote thereon by the provisions of the articles of incorporation, if the effect of the amendment would be to:

(1) Increase or decrease the aggregate number of authorized shares of that class;

(2) Increase of decrease the value of the shares of that class;

(3) Effect an exchange, reclassification, or cancellation of all, or parts of, the shares of that class;

(4) Effect an exchange, or create a right of exchange, of all, or any part of the shares of another class into the shares of that class;

(5) Alter the designations, preferences, limitations, or relative rights of the shares of that class;

(6) Split the shares of that class, whether with or without par value, into the same or a different number of shares, either with or without par value, of the same class or another class or classes;

(7) Create a new class of shares having rights and preferences prior, and superior, to the shares of that class;

(8) Increase the rights and preferences of any class having rights and preferences prior, or superior, to the shares of that class;

(9) In the case of a preferred or special class of shares, divide shares not yet issued into a series, and fix and determine the designation of such series and variations in the relative rights and preferences as between the shares of such series, or authorize the board of directors to do so;

(10) Limit or deny the existing preemptive rights of shares of that class;

(11) Cancel or otherwise affect dividends on the shares of that class which have accrued, but have not been declared. [Ord. 18 Part IV § 4, adopted, 10/7/2008.]