Page 156 - Business Principles and Management

Chapter 6 • Corporate Forms of Business Ownership

FIGURE 6-6 A proxy signed by a stockholder.

Brumway Eastmont Power Corporation – Proxy – Annual Meeting, Nov. 7, 20--
The undersigned hereby appoints Henry T. Brumleve III, Dean G.Rehme, D.A. Dromboski, and
Donald F. Stark, and any of them, proxies of the undersigned, with power of substitution, to
vote at the Annual Meeting of Stockholders of Brumway Eastmont Power Corporation, at
Kenwood, Ohio, on November 7, 20--, at 11:00 a.m., and at any adjournments thereof.
(1) FOR x or NOT FOR the election of a Board of Directors;
This Proxy is
(2) FOR x or AGAINST the proposal to increase the number of authorized shares
Solicited by of Common Stock; and
Management (3) for the transaction of any other business property brought before the meeting.
Dated
RAYMOND L COOKE
349 MIDPINES DRIVE
BUFFALO NY 14202-4449
Signature of Stockholder

If no preference is indicated, this proxy will be voted FOR items (1) & (2). (Please give your full title when signing as attorney, trustee,
executor, administrator, or guardian, etc.)

CHECKPOINT

List the three basic steps involved in setting up a corporation.

6.1 Assessment

UNDERSTAND MANAGEMENT CONCEPTS
Circle the best answer for each of the following questions.
1. Which of the following is not true for a corporation?
a. A corporation is owned by one person or a group of people.
b. Corporations are authorized by the state.
c. A corporation acts as though it were a single person, separate
from its owners.
d. All of the above are true.
2. The ruling body in corporations is called
a. stockholders
b. directors
c. officers
d. all of the above

THINK CRITICALLY
Answer the following questions as completely as possible.
3. List the basic rights of stockholders.
4. Describe the steps a company must take to
become a corporation.

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