EX-3.27 30 y99327exv3w27.txt CHARTER OF MAAX SPAS (B.C.) INC. . . . Exhibit 3.27 [LOGO] INDUSTRY CANADA INDUSTRIE CANADA FORM 11 FORMULE 11 ARTICLES OF CONTINUANCE CLAUSES DE PROROGATION CANADA BUSINESS LOI CANADIENNE SUR LES (SECTION 187) (ARTICLE 187) CORPORATIONS ACT SOCIETES PAR ACTIONS ------------------------------------------------------------------------------------------------------------------------- 1 - NAME OF CORPORATION DENOMINATION DE LA SOCIETE MAAX SPAS (B.C.) INC. ------------------------------------------------------------------------------------------------------------------------- 2 - THE PLACE IN CANADA WHERE THE REGISTERED OFFICE IS LIEU AU CANADA OU DOIT ETRE SITUE LE SIEGE SOCIAL TO BE SITUATED Judicial district of Beauce, Province of Quebec ------------------------------------------------------------------------------------------------------------------------- 3 - THE CLASSES AND ANY MAXIMUM NUMBER OF SHARES THAT THE CATEGORIES EL TOUT NOMBRE MAXIMAL D'ACTIONS QUE LA CORPORATION IS AUTHORIZED TO ISSUE SOCIETE ESL AUTORISEE A EMETTRE an unlimited number of Common shares without par value ------------------------------------------------------------------------------------------------------------------------- 4 - RESTRICTIONS, IF ANY, ON SHARE TRANSFERS RESTRICTIONS SUR LE TRANSFERT DES ACTIONS, S'IL Y A LIEU Schedule I annexed hereto is incorporated into this form. ------------------------------------------------------------------------------------------------------------------------- 5 - NUMBER (OR MINIMUM AND MAXIMUM NUMBER) OF DIRECTORS NOMBRE (OU NOMBRE MINIMAL ET MAXIMAL) D'ADMINISTRATEURS No less than one (1) and no more than ten (10) directors ------------------------------------------------------------------------------------------------------------------------- 6 - RESTRICTIONS, IF ANY, ON BUSINESS THE CORPORATION LIMITES IMPOSEES A LACTIVITE COMMERCIALE DE LA SOCIETE, MAY CARRY ON S'IL Y A LIEU None ------------------------------------------------------------------------------------------------------------------------- 7 - (1) IF CHANGE OF NAME EFFECTED, PREVIOUS NAME (1) S'IL Y A CHANGEMENT DE DENOMINATION, DENOMINATION ANTERIEURE 508696 B.C. Ltd. Incorporation November 22, 1995, under British Columbia Company Act (2) DETAILS OF INCORPORATION (2) DETAILS DE LA CONSTITUTION Incorporation November 22, 1995, under British Columbia Company Act ------------------------------------------------------------------------------------------------------------------------- 8 - OTHER PROVISIONS, IF ANY AUTRES DISPOSITIONS, S'IL Y A LIEU Schedule II annexed hereto is incorporated into this form ------------------------------------------------------------------------------------------------------------------------- DATE SIGNATURE_ TITLE - TITRE 1998-12-15 /s/ Director ------------------------------------------------------------------------------------------------------------------------- FOR DEPARTMENTAL USE ONLY AL USAGE DU MINISTERE SEULEMENT FILED - DEPOSEE CORPORATION NO - Ndegrees DE LA SOCIETE 357038-0 30938093 January 12, 1999
SCHEDULE II Corporation may Borrow Funds 1. If authorized by the Directors and confirmed by ordinary resolution, the directors of the Corporation may from time to time: (a) Borrow money upon the credit of the corporation; (b) Issue, reissue, sell or pledge debt obligations of the Corporation; and (c) Mortgage, hypothecate, pledge or otherwise create a security interest in all or any property of the Corporation, owned or subsequently acquired to secure any debt obligation. The words "debt obligations" as used in this paragraph mean bonds, debentures, notes or other evidences of indebtedness or guarantees of the Corporation, whether secured on unsecured. 2. The Directors may from time to time by resolution delegate to the President and the Secretary or to any two individuals (including the President or the Secretary) each of whom is an officer of the Corporation all or any of the powers conferred on the Directors by paragraph 1 of this schedule, to the full extent thereof or such lessor extent as the Directors may in any such resolution provide. 3. The powers herein conferred shall be deemed to be in supplement of and not in substitute for any powers to borrow money for the purposes of the Corporation possessed by its Directors and Officers independently of this schedule. Pre-Emptive Rights It is hereby provided that no shares of a class of shares shall be issued unless the shares have first been offered to the shareholders holding shares of that class, and those shareholders have a pre-emptive right to acquire the offered shares in proportion to their holdings of the shares of that class, at such price and on such terms as those shares are to be offered to others. Vacancy Among Directors Any vacancy among the directors shall be filled by a vote of the shareholders. Public Distribution of Securities The distribution of securities of the Corporation to the public is prohibited. Maximum Number of Shareholders The number of shareholders of the Corporation is limited to fifty (50), exclusive of present or former employees of the Corporation or of a subsidiary.