EX-3.167 175 y92516exv3w167.htm EX-3.167 exv3w167
EXHIBIT 3.167
AMENDED AND RESTATED
BY-LAWS
OF
NEWSPRING INDUSTRIAL CORP.
Adopted: November 16, 2010
ARTICLE I
OFFICES
     1.1 Registered Office and Agent. The registered office of the Corporation in the State of New Jersey is at 820 Bear Tavern Road, West Trenton, New Jersey 08628. The registered agent of the Corporation at such office is The Corporation Trust Company.
     1.2 Principal Place of Business. The Corporation may have its principal place of business in or outside the State of New Jersey.
     1.3 Other Places of Business. Branch or subordinate places of business or offices may, at any time, be established by the board of directors at any place or place where the Corporation is qualified to do business or where qualification is not necessary.
ARTICLE II
SHAREHOLDERS
     2.1 Annual Meeting. The annual meeting of shareholders shall be held upon not less than ten nor more than sixty days’ written notice of the time, place and purpose of the meeting at such time and at such place as shall be fixed by the board of directors, in order to elect directors and transact such other business as shall come before the meeting.
     2.2 Special Meetings. A special meeting of shareholders may be called for any purpose by the board of directors. A special meeting shall be held upon not less than ten nor more than sixty days’ written notice of the time, place, and purpose of the meeting.
     2.3 Action Without Meetings. The shareholders may act without a meeting by written consent or consents pursuant to N.J.S. 14A:5-6. Such written consent or consents shall be filed in the minute book.
     2.4 Quorum. The presence at a meeting in person or by proxy of the holder of shares entitled to cast a majority of the votes of all shares issued and outstanding shall constitute a quorum.

 

 

ARTICLE III
BOARD OF DIRECTORS
     3.1 Number and Term of Office. The board of directors shall consist of one (1) member or such greater number of members as shall be approved either by the board or the shareholders. Directors shall be elected by the shareholders at each annual meeting and shall hold office until the next annual meeting of shareholders and until their successors have been elected and qualified.
     3.2 Regular Meetings. A regular meeting of the board of directors shall be held without notice immediately following and at the same place as the annual shareholders’ meeting for the purpose of electing officers and conducting such other business as may come before the meeting. The board of directors, by resolution, may provide for additional regular meetings which may be held without notice, except to members not present at the time of the adoption of the resolution.
     3.3 Special Meetings. A special meeting of the board of directors may be called at any time by the president or by the chairman of the board or by any two directors for any purpose. Such meeting shall be held upon not less than two (2) days’ notice if given by facsimile or orally (either by telephone or in person), or upon not less than five (5) days’ notice given by depositing the notice in the United States mail, postage prepaid. Such notice shall specify the time and place of the meeting.
     3.4 Action Without Meeting. The board of directors may act without a meeting if, prior to or subsequent to such action, each member of the board of directors shall consent in writing to such action. Such written consent or consents shall be filed in the minute book.
     3.5 Quorum. A majority of the entire board of directors shall constitute a quorum for the transaction of business.
     3.6 Vacancies in Board of Directors. Any vacancy in the board of directors, including a vacancy caused by an increase in the number of directors, may be filled by the affirmative vote of a majority of the remaining directors, even though less than a quorum of the board of directors, or by a sole remaining director.
     3.7 Use of Communications Equipment. Any director may participate in a meeting of the board of directors by means of conference telephone or any other means of communication by which all persons participating in the meeting are able to hear each other.
     3.8 Establishment of Committees; Executive Committee. The board of directors may, by action taken by a majority of the entire board of directors, designate from among its members an executive committee, consisting of three directors, one of whom shall be the Corporation’s chief executive officer, and may at any time and from time to time designate additional committees, each of which shall consist of such number of directors as the board of directors may determine. Subject to the limitations contained in Section 3.15 of these by-laws, the executive committee shall have and may exercise all of the authority of the board of directors.

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Each other committee shall have whatever authority, not exceeding the authority of the executive committee, as is specified by the board of directors.
     3.9 Presiding Officer and Secretary of Committees. The chairman of the board shall be chairman of the executive committee, and shall be an ex officio member of each other committee. The chairman of the board shall have the power to designate the chairman of each other committee or to specify that any committee shall choose one of its members to act as chairman. Each committee shall, from time to time, designate a secretary of the committee who shall keep a record of its proceedings.
     3.10 Vacancies in Committees. Vacancies occurring from time to time in the membership of any committee may be filled by the board of directors by resolution adopted by a majority of the entire board of directors for the unexpired term of the member whose death, resignation, removal or disability causes the vacancy, and shall be so filled if, as the result of the vacancy, a committee does not have enough members to constitute a quorum.
     3.11 Committee Meetings. Each committee shall adopt its own rules of procedure and shall meet at whatever times it may determine and shall also meet whenever a meeting is called by the chairman of the board or the chairman of the committee. Members of committees may attend meetings through the medium of communications equipment (in the same manner as may members of the board of directors), and any committee may act, by unanimous written consent, in lieu of a meeting (in the same manner as may the board of directors).
     3.12 Notice of Committee Meetings. If the committee establishes regular meeting dates, it shall not be necessary to give notice of a regular meeting. Notice of every special meeting shall be given in the manner and within the time periods specified in these by-laws with respect to notices of special meetings of the board of directors. Notice of any special meeting may be waived in writing by all the absent members of the committee either before or after the meeting.
     3.13 Committee Quorum. A quorum at any meeting of a committee shall be the presence of one-half of the members of the entire committee. Every act or decision done or made by a majority of the directors present at a committee meeting duly held at which a quorum is present shall be regarded as the act of the committee.
     3.14 Committee Reports. Actions taken at a meeting of any committee shall be reported to the board of directors at its next meeting following the committee meeting, except that when the meeting of the board of directors is held within two (2) days after the committee meeting, the report shall, if not made at the first meeting, be made to the board of directors at the second meeting following the committee meeting.
     3.15 Limitations of Committee Powers. No committee of the board of directors shall have authority to do any of the following:
  (a)   make, alter or repeal any by-law of the Corporation;
  (b)   elect or appoint any officer or director, or remove any officer or director;

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  (c)   submit to shareholders any action that requires shareholders’ approval;
  (d)   amend or repeal any resolution theretofore adopted by the requisite percentage of the entire board of directors which, by its terms, is amendable or repealable only by the requisite percentage of the entire board of directors; or
  (e)   fix the compensation of any officer who is a member of the committee for serving as an officer of the Corporation; provided, that, the Corporation’s executive committee shall have the authority to fix the compensation of any officer or employee of the Corporation so long as that officer or employee, if then a member of the executive committee, does not participate in the discussion or voting on his or her own compensation.
     3.16 Powers of the Board of Directors with Respect to Committees. A majority of the entire the board of directors shall have the power to do any of the following:
  (a)   fill any vacancy in any committee;
  (b)   appoint one or more directors to serve as alternate members of any committee to act in the absence or disability of a member of that committee with all the powers of the absent or disabled members;
  (c)   abolish any committee; and
  (d)   remove any director from membership on any committee at any time, with or without cause.
     3.17 Fees and Compensation. Directors shall receive for attendance at each regular or special meeting of the board of directors or any committee such fees and expense reimbursement, if any, and such annual fees for service as a director or committee member, as may be allowed from time to time by resolution of the board of directors. The board of directors may, if it so desires, fix one fee (or no fee) for directors who are officers or employees of the Corporation and a higher fee for other directors.
ARTICLE IV
WAIVERS OF NOTICE
     Any notice required by these by-laws, by the Certificate of Incorporation, or by the New Jersey Business Corporation Act may be waived in writing by any person entitled to notice. The waiver, or waivers, may be executed either before or after the event with respect to which the notice is waived. Each director or shareholder attending a meeting without protesting, prior to its conclusion, the lack of proper notice, shall be deemed conclusively to have waived notice of the meeting.

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ARTICLE V
OFFICERS
     5.1 Election. At its regular meeting following the annual meeting of the shareholders, the requisite percentage of the entire board of directors may elect a chairman of the board, and shall elect a president, a treasurer and a secretary, and it may elect such other officers, including one or more vice presidents, as it shall deem necessary. The chairman of the board and, if elected, vice chairman of the board need not be employees of the Corporation, but must be members of the board of directors. One person may hold two or more offices.
     5.2 Term of Office; Resignation; Removal; Vacancies. Unless otherwise provided in the resolution of the requisite percentage of the entire board of directors electing any officer, each officer shall hold office until his or her successor is elected and qualified or until his or her earlier resignation or removal. Any officer may resign at any time upon written notice to the board of directors or to the president or the secretary of the Corporation. Such resignation shall take effect at the time specified therein, and unless otherwise specified therein no acceptance of such resignation shall be necessary to make it effective. The requisite percentage of the entire board of directors may remove any officer with or without cause at any time. Any such removal shall be without prejudice to the contractual rights of such officer, if any, with the Corporation, but the election of an officer shall not of itself create contractual rights. Any vacancy occurring in any office of the Corporation by death, resignation, removal or otherwise may be filled by the requisite percentage of the entire board of directors at any regular or special meeting.
     5.3 Duties and Authority of Chairman. The chairman of the board, if any, shall preside at all meetings of the shareholders and at all meetings of the board of directors at which he or she shall be present and shall have and may exercise such powers as may, from time to time, be assigned to him or her by the board of directors or as may be provided by law.
     5.4 Duties and Authority of Vice-Chairman. In the absence of the chairman of the board, the vice-chairman of the board, if any, shall preside at all meetings of the shareholders and at all meetings of the board of directors at which he or she shall be present and shall have and may exercise such powers as may, from time to time, be assigned to him or her by the board of directors or as may be provided by law.
     5.5 Duties and Authority of President and CEO. The president shall be the chief executive officer of the Corporation. He shall perform such duties as the board of directors shall direct and shall generally possess such powers and perform such duties as usually are incident to the office of the president, including the power to supervise the business and activities of the Corporation and to instruct, direct and control its other officers, agents and employees. He may enter into and execute in the name of the Corporation contracts or other instruments in the regular course of business, and contracts or other instruments not in the regular course of business which are authorized either generally or specifically by the board of directors. In the absence of the chairman of the board or the vice chairman of the board, the president shall preside at all meetings of the shareholders and at all meetings of the board of directors.

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     5.6 Duties and Authority of Vice President. A vice president shall perform such duties and have such authority as from time to time may be delegated to him by the president, or the board of directors. The board of directors may designate one or more of the vice presidents as an executive vice president or senior vice president. In the absence of the president or in the event of his death, inability or refusal to act, a vice president designated by the board of directors shall perform the duties and be vested with the authority of the president. Unless otherwise ordered by the board of directors, any vice president may sign contracts or other instruments authorized either generally or specifically by the board of directors.
     5.7 Duties and Authority of Treasurer. The treasurer shall have the custody of the funds and securities of the Corporation and shall keep or cause to be kept regular books of account for the Corporation. The treasurer shall perform such other duties and possess such other powers as incident to his office or as shall be assigned to him by the president or the board of directors.
     5.8 Duties and Authority of Secretary. The secretary shall cause notices of all meetings to be served as prescribed in these by-laws and shall keep or cause to be kept the minutes of all meetings of the shareholders and all meetings of the board of directors. The secretary shall perform such other duties and possess such other powers as are incident to that office or as are assigned to him by the president or the board of directors.
ARTICLE VI
AMENDMENTS TO AND EFFECT OF BY-LAWS:
FISCAL YEAR
     6.1 Force and Effect of By-Laws. These by-laws are subject to the provisions of the New Jersey Business Corporation Act and the Corporation’s certificate of incorporation (“Certificate of Incorporation”), as it may be amended from time to time. If any provision in these by-laws is inconsistent with a provision in that Act or the Certificate of Incorporation, the provision of that Act or the Certificate of Incorporation shall govern.
     6.2 Amendments to By-Laws. These by-laws may be altered, amended, or repealed by the shareholders or the board of directors. Any by-law adopted, amended or repealed by the shareholders may be amended or repealed by the board of directors, unless the resolution of the shareholders adopting such by-law expressly reserves to the shareholders the right to amend or repeal it.
     6.3 Fiscal Year. The fiscal year of the Corporation shall begin on the first day of January each year.
ARTICLE VII
INDEMNIFICATION OF DIRECTORS AND OFFICERS
     Every person who is or was a director, officer, employee or agent of the Corporation shall be indemnified by the Corporation to the fullest extent allowed by law, including the indemnification permitted by N.J.S. 14A:3-5(8) and any successor statute, against all liabilities and expenses imposed upon or incurred by that person in connection with any pending, threatened or completed civil, criminal, administrative or arbitrative action, suit or proceeding

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(“Proceeding”) in which that person may be made, or threatened to be made, a party, or in which that person may become involved by reason of that person being or having been a director, officer, employee or agent of the Corporation or of serving or having served as a director, officer, employee or agent with any other enterprise at the request of the Corporation, whether or not that person is a director, officer, employee or agent or continues to serve the other enterprise at the time the liabilities or expenses are imposed or incurred. During the pendency of a Proceeding, the Corporation shall advance expenses from time to time as they are incurred, to any such present or former director, officer, employee or agent subject to the receipt by the Corporation of an undertaking of such person as required by law. Notwithstanding the foregoing, except as otherwise provided by law, the Corporation shall be required to indemnify a director, officer, employee or agent in connection with a Proceeding (or part thereof) commenced by such person only if the commencement of such Proceeding (or part thereof) by such person was authorized by the Board of Directors.
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