CenterPoint Energy 2015 Annual Report Download - page 180

provisionoftheArticlesofIncorporationortheBylaws(aseithermaybeamendedfromtimetotime)ortheTBOCand(d)any
actionassertingaclaimagainsttheCompanyoranydirector,officerorotheremployeeoftheCompanygovernedbytheinternal
affairsdoctrine. Anyperson orentitypurchasing orotherwise acquiringorholdinganyinterest insharesof capitalstockofthe
Companyshallbedeemedtohavenoticeofandconsentedto(i)theprovisionsofthisSection5and(ii)jurisdictionandvenueinthe
UnitedStatesDistrict Courtfor theSouthernDistrict ofTexas andthestate districtcourtof HarrisCounty,Texas.Ifanyaction
withinthescopeofthissectionisfiledbyorinthenameofanypartysubjecttothissection(a“ViolatingParty”)inviolationofthis
section(a“ViolatingAction”),theViolatingPartyshallbedeemedtohaveconsentedto(A)thepersonaljurisdictionofTexasstate
andfederalcourtsinconnectionwithanyactionbroughtinanysuchcourttoenforcethissectionand(B)havingserviceofprocess
madeupontheViolatingPartyinanysuchactionbyserviceupontheViolatingParty’scounselintheViolatingActionasagentfor
suchshareholder.
ARTICLEVII
AMENDMENTOFBYLAWS
Section1.VoteRequirements.TheBoardofDirectorsshallhavethepowertoalter,amendorrepealtheBylawsoradopt
newBylaws.Anyalteration,amendmentorrepealoftheBylawsoradoptionofnewBylawsshallrequire:(1)theaffirmativevoteof
atleast80%ofalldirectorstheninofficeatanyregularorspecialmeetingoftheBoardofDirectorsor(2)theaffirmativevoteof
theholdersofatleast80%ofthevotingpowerofallthesharesoftheCompanyentitledtovoteintheelectionofdirectors,voting
togetherasasingleclass.
Section2.ShareholderProposals.NoproposalbyoneormoreshareholderstoamendtheBylawsshallbevoteduponat
anannualmeetingofshareholdersunlesssuchshareholdershallhaveproperlybroughtnoticeinproperwrittenform,includingwith
respecttoanyrequiredupdatesorsupplements,(assetforthinthisSection2)totheSecretary,includingthetextoftheproposed
alteration, amendment or repeal. To be in proper written form, a shareholder’s notice to the Secretary shall set forth (a) the
Shareholder Information and (b) an opinion of counsel, which counsel and the form and substance of which opinion shall be
reasonablysatisfactorytotheBoardofDirectors,totheeffectthattheBylaws(ifany)resultingfromtheadoptionofsuchproposal
wouldnotbeinconflictwiththeArticlesofIncorporationorthelawsoftheStateofTexas.Tobeproperlybroughtinconnection
with an annual meeting of shareholders, a shareholder’s notice and other aforesaid items shall be delivered to, or mailed to and
received at, the principal executive offices of the Company not less than 90 days nor more than 180 days prior to the first
anniversaryofthedateonwhichtheimmediatelyprecedingyear’sannualmeetingofshareholderswasheld;provided ,however ,
that if the date of the annual meeting is advanced more than 30 days prior to or delayed by more than 60 days after the first
anniversaryoftheprecedingyear’sannualmeeting,noticebytheshareholdertobeproperlybroughtmustbe
sodeliverednotearlierthan180dayspriortosuchannualmeetingandnotlaterthanthelasttooccurofthecloseofbusinesson
(i) the 90th day prior to such annual meeting or (ii) the 10th day following the day on which the Company first makes public
announcementofthedateofsuchmeetingby(A)amailingtoshareholders,(B)apressreleaseor(C)afilingwiththeCommission
pursuanttoSection13(a)or14(a)oftheExchangeAct.Innoeventshallthepublicdisclosureof
27