Replies to post #70410 on Treaty Energy Corp. (fka TECO)

[junkHustler]

Its my understanding the SS is done in a way to keep the power of voting shares in the hands of Treaty management. This ensures they have the weight to pass any SS changes. And screw shareholders.

Which they have done for the last few years now.

Judgement Day is coming..

Tick Tock.

GLTA

[tdbowieknife]

Not in the case of Treaty. The Directors hold a majority of the votes. They simply out vote everybody else. It's a very common tactic in penny land. You has a investor in TECO have no say in whether the A/S is increased. NONE...

The bylaws are in the filings somewhere.

I think this is it though the name has been change since...

http://www.sec.gov/Archives/edgar/data/1075773/000111650208001555/alternateeng10k.htm


The rest of the filings...

http://www.sec.gov/cgi-bin/browse-edgar?company=treaty+energy&match=&CIK=&filenum=&State=&Country=&SIC=&owner=include&Find=Find+Companies&action=getcompany

[tdbowieknife]

Original By-Laws...

BY-LAWS
of
EXPEDIACOM GLOBAL, INC.
a Nevada Corporation

ARTICLE I

The initial principal office of the Corporation shall be in
Altamonte Springs, Florida. The Corporation may have offices at such
other places Within or without the State of Nevada as the Board of
Directors may from time to time establish.

ARTICLE II

CONSENT OF STOCKHOLDERS IN LIEU OF MEETING. Whenever the vote of
stockholders at a meeting thereof is required or permitted to be taken
in connection with corporate action, by any provisions of the statutes
of the Certificate of Incorporation, the meeting and vote of
stockholders may be dispensed with, if all the stockholders who should
have been entitled to vote upon the action if such meeting were held,
shall consent in writing to such corporate action being taken.

ARTICLE III
Board of Directors

Section 1. GENERAL POWERS. The business of the Corporation shall
be managed by the Board of Directors, except as otherwise provided by
statute or by the Certificate of Incorporation.

Section 2. NUMBER AND QUALIFICATIONS. The Board of Directors shall
consist of up to three (3) members. Except as provided in the
Certificate of Incorporation, this number can be increased only by the
vote or written consent of the holders of ninety (90) percent of the
stock of the Corporation outstanding and entitled to vote. The current
number of Directors shall be determined by the Board of Directors at
its annual meeting. No Director need be a stockholder.

Section 3. ELECTION AND TERM OF OFFICE. The Directors shall be
elected annually by the stockholders, and shall hold office until their
successors are respectively elected and qualified.

Election of Directors need not be by ballot.

Section 4. COMPENSATION. The members of the Board of Directors
shall be paid a fee of $10.00 for attendance at all annual, regular,
special and adjourned meetings of the Board. No such fee shall be paid
any director if absent. Any director of the Corporation may also serve
the Corporation in any other capacity, and receive compensation
therefor in any form. Members of special or standing committees may be
allowed like compensation for attending committee meetings.

Section 5. REMOVAL AND RESIGNATIONS. The stockholders may, at any
meeting called for the purpose, by vote of two-thirds of the capital
stock issued and outstanding, remove any directors from office, with or
without cause; provided however, that no director shall be removed in

<PAGE> 37

case the vote of a sufficient number of shares are cast against his
removal, which if cumulatively voted at any election of directors would
be sufficient to elect him, if cumulative voting is allowed by the
Articles of Incorporation.

The stockholders may, at any meeting, by vote of a majority of
such stock represented at such meeting accept the resignation of any
director.

Section 6. VACANCIES. Any vacancy occurring in the office of
director may be filled by a majority of the directors then in office,
though less than a quorum, and the directors so chosen shall hold
office until the next annual election and until their successors are
duly elected and qualified, unless sooner displaced.

When one or more directors resign from the Board, effective at a
future date, a majority of the directors then in office, including
those who have so resigned, shall have powers to fill such vacancy or
vacancies, the vote thereon to take effect when such resignation or
resignations become effective.

ARTICLE IV
Meetings of Board of Directors

Section 1. REGULAR MEETINGS. A regular meeting of the Board of
Directors may be held without call or formal notice immediately after
and at the same place as the annual meeting of the stockholders or any
special meeting of the stockholders at such places within or without
the State of Nevada and at such times as the Board may by vote from
time to time determine.

Section 2. SPECIAL MEETINGS. Special meetings of the Board of
Directors may be held at any place whether within or without the State
of Nevada at any time when called by the President, Treasurer,
Secretary or two or more directors. Notice of the time and place
thereof shall be given to each director at least three (3) days before
the meeting if by mail or at least twenty-four hours if in person or by
telephone or telegraph. A waiver of such notice in writing, signed by
the person or persons entitled to said notice, either before or after
the time stated therein, shall be deemed equivalent to such notice.
Notice of any adjourned meeting of the Board of Directors need not be
given.

Section 3. QUORUM. The presence, at any meeting, of one-third of
the total number of directors, but in no case less than two (2)
directors, shall be necessary and sufficient to constitute a quorum for
the transaction of business except as otherwise required by statute or
by the Certificate of Incorporation, the act of a majority of the
directors present at a meeting at which a quorum is present shall be
the act of the Board of Directors. In the absence of a quorum, a
majority of the directors present at the time and place of any meeting
may adjourn such meeting from time to time until a quorum be present.





<PAGE> 38

Section 4.a. CONSENT OF DIRECTORS IN LIEU OF MEETING. Unless
otherwise restricted by the Certificate of Incorporation, any action
required or permitted to be taken at any meeting of the Board of
Directors or any committee thereof may be taken without a meeting, if
prior to such action a written consent thereto is signed by all members
of the Board or committee, and such written consent is filed within the
minutes of the Corporation.

b. The Board of Directors may hold regular or special
meetings by telephone conference call, provided that any resolutions
adopted shall be recorded in writing within 3 days of such telephone
conference, and written ratification of such resolutions by the
directors shall be provided within 10 days thereafter.

ARTICLE V
Committees of Board of Directors

The Board of Directors may, by resolution passed by a majority of
the whole Board, designate one or more committees, each committee to
consist of two or more of the directors of the Corporation, which, to
the extent provided in the resolution, shall have, and may exercise
the powers of the Board of Directors in the management of the business
and affairs of the Corporation, and may authorize the seal of the
Corporation to be affixed to all papers which may require it. Such
committee or committees shall have such name or names as may be
determined from time to time by resolution adopted by the Board of
Directors.

The committees of the Board of Directors shall keep regular
minutes of their proceedings and report the same to the Board of
Directors when required.

ARTICLE VI
Officers

Section 1. NUMBER. The Corporation shall have a President, one or
more Vice Presidents, a Secretary and a Treasurer, and such other
officers, agents and factors as may be deemed necessary. One person may
hold any two offices except the offices of President and Vice President
and the offices of President and Secretary.

Section 2. ELECTION, TERM OF OFFICE AND QUALIFICATION. The
officers specifically designated in Section 1 of this Article VI shall
be chosen annually by the Board of Directors and shall hold office
until their successors are chosen and qualified. No officer need be a
director.

Section 3. SUBORDINATE OFFICERS. The Board of Directors from time
to time may appoint other officers and agents, including one or more
Assistant Secretaries and one or more Assistant Treasurers, each of
whom shall hold office for such period, have such authority and perform
such duties as are provided in these By-Laws or as the Board of
Directors from time to time may determine. The Board of Directors may
delegate to any office the power to appoint any such subordinate
officers, agents and factors and to prescribe their respective
authorities and duties.

<PAGE> 39

Section 4. REMOVALS AND RESIGNATIONS. The Board of Directors may
at any meeting called for the purpose, by vote of a majority of their
entire number, remove from office any officer or agent of the
Corporation, or any member of any committee appointed by the Board of
Directors.

The Board of Directors may at any meeting, by vote of a majority
of the directors present at such meeting, accept the resignation of any
officer of the Corporation.

Section 5. VACANCIES. Any vacancy occurring in the office of
President, Vice President, Secretary, Treasurer or any other office by
death, resignation, removal or otherwise shall be filled for the
expired portion of the term in the manner prescribed by these By-Laws
for the regular election or appointment to such office.

Section 6. THE PRESIDENT. The President shall be the chief
executive officer of the Corporation and, subject to the direction and
under the supervision of the Board of Directors, shall have general
charge of the business, affairs and property of the Corporation, and
control over its officers, agents and employees. The President shall
preside at all meetings of the stockholders and of the Board of
Directors at which he is present. The President shall do and perform
such other duties and may exercise such other powers as from time to
time may be assigned to him by these Bylaws or by the Board of
Directors.

Section 7. THE VICE PRESIDENT. At the request of the President or
in the event of his absence or disability, the Vice President, or in
case there shall be more than one Vice President, the Vice President
designated by the President, or in the absence of such designation, the
Vice President designated by the Board of Directors, shall perform all
the duties of the President, and when so acting, shall have all the
powers of, and be subject to all the restrictions upon, the President.
Any Vice President shall perform such other duties and may exercise
such other powers as from time to time may be assigned to him by these
By-Laws or by the Board of Directors, or the President.

Section 8. THE SECRETARY. The Secretary shall:

a. Record all the proceedings of the meetings of the
Corporation and directors in a book to be kept for that purpose;

b. Have charge of the stock ledger (which may, however, be
kept by any transfer agent or agents of the Corporation under the
direction of the Secretary), an original or duplicate of which shall be
kept at the principal office or place of business of the Corporation in
the State of Nevada;

c. Prepare and make, at least ten (10) days before every
,election of directors, a complete list of the stockholders entitled to
vote at said election, arranged in alphabetical order;

d. See that all notices are duly given in accordance with the
provisions of these By-Laws or as required by statute;


<PAGE> 40

e. Be custodian of the records of the Corporation and the
Board of Directors, and of the seal of the Corporation, and see that
the seal is affixed to all stock certificates prior to their issuance
and to all documents, the execution of which on behalf of the
Corporation under its seal have been duly authorized;

f. See that all books, reports, statements, certificates and
the other documents and records required by law to be kept or filed are
properly kept or filed; and

g. In general, perform all duties and have all powers
incident to the office of Secretary and perform such other duties and
have such powers as from time to time may be assigned to him by these
By-Laws or by the Board of Directors or the President.

Section 9. THE TREASURER. The Treasurer shall:,

a. Have supervision over the funds, securities, receipts, and
disbursements of the Corporation;

b. Cause all monies and other valuable effects of the
Corporation to be deposited in its name and to its credit, in such
depositories as shall be selected by the Board of Directors or pursuant
to authority conferred by the Board of Directors.

c. Cause the funds of the Corporation to be disbursed by
checks or drafts upon the authorized depositories of the Corporation,
when such disbursements shall have been duly authorized;

d. Cause to be taken and preserved proper vouchers for all
monies disbursed;

e. Cause to be kept at the principal office of the
Corporation correct books of account of all its business and
transactions;

f. Render to the President or the Board of Directors,
whenever requested, an account of the financial condition of the
Corporation and of his transactions as Treasurer;

g. Be empowered to require from the officers or agents of the
Corporation reports or statements giving such information as he may
desire with respect to any and all financial transactions of the
Corporation; and

h. In general, perform all duties and have all powers
incident to the office of Treasurer and perform such other duties
and have such power as from time to time may be assigned to him
by these By-Laws or by the Board of Directors or President.

Section 10. ASSISTANT SECRETARIES AND ASSISTANT TREASURERS. The
Assistant Secretaries and Assistant Treasurers shall have such duties
as from time to time may be assigned to them by the Board of Directors
or the President.



More.....

http://www.sec.gov/Archives/edgar/data/1075773/000107577399000002/0001075773-99-000002.txt

http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001075773&type=&dateb=&owner=include&start=200&count=40