A glance at an old Articles of Incorporation may suggest there are deficiencies for a public trading company and may be in contradiction to existing Securities Laws, therefore causing confusion and an unfair advantage to the CEO. I percieve an old copy of the Articles as being biased to a public trading company and may also question how the company can perform a reasonable election under these old provisions.
I am no lawyer, but if we went into the meeting under these articles, I question how they could even be in effect. They appear to be more suited for a private company and do not contain enough protection for shareholders under this guise.
Of course all of the above is only my initial opinion and may be completely wrong and may be the result of a much outdated copy.
IMO