The purpose of this memorandum is to review certain reporting and disclosure requirements, and certain restrictions that may limit the disposition of securities of the company held by its officers, directors and principal shareholders, which are imposed by the Securities Act of 1933, the Securities and Exchange Act of 1934, and the rules of the Securities and Exchange Commission thereunder. This memorandum is prepared for the management of the company and should be treated as a confidential communication between the company and its counsel.
Guam Limitation on Disposition of Securities Memorandum
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Bill of rights. (a) No law shall be enacted in Guam respecting an establishment of religion or prohibiting the free exercise thereof, or abridging the freedom of speech, or of the press, or the right of the people peaceably to assemble and to petition the government for a redress of their grievances.
Guam is an unincorporated territory of the United States. Most but not all federal laws apply to Guam. In addition to the U.S. Constitution, which is the supreme law of the U.S., federal laws include statutes that are periodically codified in the U.S. Code.
On Guam, there are several different zones. The most common are: Agriculture, Residential, Multi-Family, Commercial, Light Industrial, Heavy Industrial, Hotel and Parking. Imagine being a farmer and having an industrial plant next to your crop. Or your house is dwarfed by a neighboring condominium complex.
The Organic Act of Guam was signed into law on August 1, 1950, by President Harry S. Truman. The Organic Act granted American citizenship to all per- sons residing in Guam at the time of its enactment, and to their children who were born after April 11, 1899.
The North and Central Guam Land Use Plan envisions a community that is safe for residents in terms of living and mobility, protects residential areas from major commercial developments while improving access to work, shopping, and recreation, puts the focus on the village, and provides adequate public services, ...
The width of each lot shall be one hundred (100) feet in an area of not less than ten thousand square feet. The lot area per dwelling unit in the Rural Zone (A) shall not be less than five thousand (5,000) square feet with sewer connection (if located on top of the North- ern Aquifer).