EXHIBIT 3.2
CERTIFICATE OF ELIMINATION
OF THE
7.80% CUMULATIVE PREFERRED STOCK
($200.00 Stated Value)
OF MORGAN STANLEY DEAN WITTER & CO.
(Pursuant to Section 151(g) of the
General Corporation Law of the State of Delaware)
Morgan Stanley Dean Witter & Co., a corporation duly organized and existing
under the General Corporation Law of the State of Delaware (the "Corporation"),
certifies as follows:
FIRST: The Corporation's Amended and Restated Certificate of Corporation
authorizes the issuance of 1,150,000 shares of a series of Preferred Stock
designated 7.80% Cumulative Preferred Stock, par value $0.01 per share, with a
stated value of $200.00 per share (the "7.80% Preferred Stock").
SECOND: Pursuant to the provisions of Section 151(g) of the General
Corporation Law of the State of Delaware (the "DGCL"), the Preferred Stock
Financing Committee of the Board of Directors of the Corporation adopted the
following resolutions:
RESOLVED FURTHER, that none of the authorized shares of the 7.80%
Preferred Stock are outstanding and none of the authorized shares of
such series of Preferred Stock will be issued; and
RESOLVED FURTHER, that any officer of the Corporation is authorized
and directed to execute a Certificate of Elimination as provided by
Section 151(g) of the DGCL in accordance with Section 103 of the DGCL,
substantially in the form attached as Exhibit A, with such changes
therein as the officer executing the same may approve and as are
permitted by the DGCL to be made by such officer, such approval to be
conclusively evidenced by such officer's execution of such Certificate
of Elimination, and to file the same forthwith in the Office of the
Secretary of State of the State of Delaware, and when such Certificate
of Elimination becomes effective, all references to the 7.80%
Preferred Stock in the Amended and Restated Certificate of
Incorporation of the Corporation shall be eliminated and the shares of
7.80% Preferred Stock shall resume the status of authorized and
unissued shares of Preferred Stock of the Corporation, without
designation as to series.
THIRD: Pursuant to the provisions of Section 151(g) of the DGCL, all
references to 7.80% Preferred Stock in the Amended and Restated Certificate of
Incorporation of the Corporation hereby are eliminated, and the shares that were
designated to such series hereby are
returned to the status of authorized but unissued shares of the Preferred Stock
of the Corporation, without designation as to series.
IN WITNESS WHEREOF, the Corporation has caused this certificate to be
signed by Martin M. Cohen, its assistant Secretary, this 2nd day of March, 1999.
MORGAN STANLEY DEAN WITTER & CO.
By /s/ Martin M. Cohen
-------------------
Name: Martin M. Cohen
Title: Assistant Secretary
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