<SEC-DOCUMENT>0000004457-16-000087.txt : 20160609
<SEC-HEADER>0000004457-16-000087.hdr.sgml : 20160609
<ACCEPTANCE-DATETIME>20160609160741
ACCESSION NUMBER:		0000004457-16-000087
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160608
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Submission of Matters to a Vote of Security Holders
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160609
DATE AS OF CHANGE:		20160609

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERCO /NV/
		CENTRAL INDEX KEY:			0000004457
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-AUTO RENTAL & LEASING (NO DRIVERS) [7510]
		IRS NUMBER:				880106815
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11255
		FILM NUMBER:		161706079

	BUSINESS ADDRESS:	
		STREET 1:		5555 KIETZKE LANE STE 100
		CITY:			RENO
		STATE:			NV
		ZIP:			89511
		BUSINESS PHONE:		7756886300

	MAIL ADDRESS:	
		STREET 1:		5555 KIETZKE LANE
		STREET 2:		SUITE 100
		CITY:			RENO
		STATE:			NV
		ZIP:			89511

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERCO
		DATE OF NAME CHANGE:	19770926
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
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<DESCRIPTION>8-K
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            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">UNITED STATES</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">SECURITIES AND EXCHANGE COMMISSION</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">WASHINGTON, D.C. 20549</font></p>
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            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">FORM 8-K</font></p>
            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">CURRENT REPORT</font></p>
            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Pursuant to Section 13 or 15(d) of the</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Securities Exchange Act of 1934</font></p>
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                        <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">June</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline"> </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">8</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">,</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline"> 201</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">6</font></p>
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                        <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt">Date of Report (Date of earliest event reported)</font></p>
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                        <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">AMERCO</font></p>
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                        <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(Exact</font><font style="font-family:Arial; font-size:10pt"> name of registrant as specified in its charter)</font></p>
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                        <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Nevada</font></p>
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                        <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">1-11255</font></p>
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                        <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">88-0106815</font></p>
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                        <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(I.R.S. Employer Identification No.)</font></p>
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                        <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">5555 Kietzke Lane</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">, Ste. 100</font></p>
                        <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">Reno, Nevada 895</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">11</font></p>
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                        <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt">(Address of </font><font style="font-family:Arial; font-size:10pt">Principal Executive Offices)</font></p>
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                        <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-decoration:underline">(775) 688-6300</font></p>
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            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the </font><font style="font-family:Arial; font-size:10pt">following provisions:</font></p>
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Pre-commencement communications pursuant </font><font style="font-family:Arial; font-size:10pt">to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
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            <p style="margin:0pt"><a name="EDGAR_PAGE_START2"></a><font style="font-family:Arial; font-size:11pt; font-weight:bold">Item 5.0</font><font style="font-family:Arial; font-size:11pt; font-weight:bold">3</font><font style="font-family:Arial; font-size:11pt">&#xa0;</font><font style="font-family:Arial; font-size:11pt">&#160; </font><font style="font-family:Arial; font-size:11pt; font-weight:bold">Amendments to Article of Incorporation or Bylaws; Change in Fiscal </font><font style="font-family:Arial; font-size:11pt; font-weight:bold">Year</font></p>
            <p style="margin:6pt 0pt 0pt; text-indent:27pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">On </font><font style="font-family:Arial; font-size:10pt">April 6,</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">201</font><font style="font-family:Arial; font-size:10pt">6</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt">the Board of Directors of AMERCO (the &#8220;Board&#8221;) approved amendments to the Restated Articles of Incorporation of AMERCO (the &#8220;Articles&#8221;, and including such amendments, the &#8220;Amended and Restated Articles&#8221;), subject to approval by AMERC</font><font style="font-family:Arial; font-size:10pt">O&#8217;s stockholders. As disclosed below in this 8-K, the Amended and Restated Articles were approved by AMERCO&#8217;s stockholders in connection with AMERCO&#8217;s Special Meeting of Stockholders (the &#8220;Special Meeting&#8221;). The Amended and Restated Articles reflect the fo</font><font style="font-family:Arial; font-size:10pt">llowing revisions: (i) increase the authorized Serial Common Stock from 150 million shares to 250 million shares; (ii) increase the authorized Common Stock, $0.25 Par Value, from 150 million shares to 250 million shares; </font><font style="font-family:Arial; font-size:10pt">(</font><font style="font-family:Arial; font-size:10pt">iii</font><font style="font-family:Arial; font-size:10pt">) </font><font style="font-family:Arial; font-size:10pt">clarify that non-directors ma</font><font style="font-family:Arial; font-size:10pt">y serve on the Board of Directors committees, in accordance with applicable Nevada law and </font><font style="font-family:Arial; font-size:10pt">(</font><font style="font-family:Arial; font-size:10pt">iv</font><font style="font-family:Arial; font-size:10pt">) </font><font style="font-family:Arial; font-size:10pt">conform the director and officer personal liability provision to applicable Nevada law, as reflected in the redline of the Amended and Restated Articles attache</font><font style="font-family:Arial; font-size:10pt">d to the Special Meeting Proxy Statement&#160; on Schedule 14A filed on April 20, 2016 with the Securities and Exchange Commission (the &#8220;Proxy Statement&#8221;). The foregoing description is qualified in its entirety by the description of such amendments set forth in</font><font style="font-family:Arial; font-size:10pt"> the Proxy Statement, the entire redlined Amended and Restated Articles which were attached with the Proxy Statement, and the Amended and Restated Articles attached hereto as Exhibit 3.1.</font></p>
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            <p style="margin:0pt"><font style="font-family:Arial; font-size:11pt; font-weight:bold">Item 5.07</font><font style="font-family:Arial; font-size:11pt">&#xa0;</font><font style="font-family:Arial; font-size:11pt">&#160; </font><font style="font-family:Arial; font-size:11pt; font-weight:bold">Submission of Matters to a Vote of Security Holders</font></p>
            <p style="margin:6pt 0pt 0pt; text-indent:27pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">On </font><font style="font-family:Arial; font-size:10pt">June 8, </font><font style="font-family:Arial; font-size:10pt">201</font><font style="font-family:Arial; font-size:10pt">6</font><font style="font-family:Arial; font-size:10pt">, AMERCO</font><font style="font-family:Arial; font-size:10pt"> (the &#8220;Company&#8221;)</font><font style="font-family:Arial; font-size:10pt"> held </font><font style="font-family:Arial; font-size:10pt">the</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">Special</font><font style="font-family:Arial; font-size:10pt"> Meeting. At such meeting</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">our stockholders voted upon and approved: </font><font style="font-family:Arial; font-size:10pt">(i) an amendment to the Articles, to increase the authorized Serial Common Stock from 150 million shares to 250 million shares (&#8220;Propos</font><font style="font-family:Arial; font-size:10pt">al 1&#8221;); (ii) an amendment to the Articles, to increase the authorized Common Stock, $0.25 Par Value, from 150 million shares to 250 million shares (&#8220;Proposal 2&#8221;); </font><font style="font-family:Arial; font-size:10pt">(</font><font style="font-family:Arial; font-size:10pt">iii</font><font style="font-family:Arial; font-size:10pt">) </font><font style="font-family:Arial; font-size:10pt">an amendment to the Articles, to clarify that non-directors may serve on the Board of D</font><font style="font-family:Arial; font-size:10pt">irectors committees, in accordance with applicable Nevada law (&#8220;Proposal 3&#8221;), </font><font style="font-family:Arial; font-size:10pt">(</font><font style="font-family:Arial; font-size:10pt">iv</font><font style="font-family:Arial; font-size:10pt">) </font><font style="font-family:Arial; font-size:10pt">an amendment to the Articles, to conform the director and officer personal liability provision to applicable Nevada law (&#8220;Proposal 4&#8221;) and (v) the 2016 AMERCO Stock Option P</font><font style="font-family:Arial; font-size:10pt">lan (Shelf Stock Option Plan) (&#8220;Proposal 5&#8221;).</font></p>
            <p style="margin:6pt 0pt 0pt; text-indent:27pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The following table sets forth the votes cast for</font><font style="font-family:Arial; font-size:10pt"> or</font><font style="font-family:Arial; font-size:10pt"> against, as well as the number of abstentions and broker non-votes with respect to each matter voted on at the </font><font style="font-family:Arial; font-size:10pt">Special</font><font style="font-family:Arial; font-size:10pt"> Meeting.</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:top; width:65.7pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Votes</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Cast </font><font style="font-family:Arial; font-size:10pt; font-weight:bold">Against</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:top; width:65.7pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Abstentions</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:top; width:65.7pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Broker</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Non-votes</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:top; width:187.2pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Proposal 1</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:61.2pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">13,822,746</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:65.7pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">3,654,377</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:65.7pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">24,587</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:65.7pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">-</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:top; width:187.2pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:61.2pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:65.7pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:65.7pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:65.7pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:top; width:187.2pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Proposal 2</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:61.2pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">13,856,925</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:65.7pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">3,620,717</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:65.7pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">24,068</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:65.7pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">-</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:top; width:187.2pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:61.2pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:65.7pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:65.7pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:65.7pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:top; width:187.2pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Proposal 3</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:61.2pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">12,830,651</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:65.7pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">3,883,584</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:65.7pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1,684</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:65.7pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">785,791</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:top; width:187.2pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:61.2pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:65.7pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:65.7pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:65.7pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:top; width:187.2pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Proposal 4</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:61.2pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">14,057,668</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:65.7pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">2,643,656</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:65.7pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">14,595</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:65.7pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">785,791</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:top; width:187.2pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:61.2pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Proposal 5</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">12,911,421</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:65.7pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">3,781,164</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:65.7pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">23,334</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; border-left-color:#000000; border-left-style:solid; border-left-width:0.75pt; border-right-color:#000000; border-right-style:solid; border-right-width:0.75pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:bottom; width:65.7pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">785,791</font></p>
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            <p style="margin:0pt"><font style="font-family:Arial; font-size:11pt; font-weight:bold">Item </font><font style="font-family:Arial; font-size:11pt; font-weight:bold">9</font><font style="font-family:Arial; font-size:11pt; font-weight:bold">.0</font><font style="font-family:Arial; font-size:11pt; font-weight:bold">1</font><font style="font-family:Arial; font-size:11pt; font-weight:normal">&#xa0;</font><font style="font-family:Arial; font-size:11pt; font-weight:normal">&#160; </font><font style="font-family:Arial; font-size:11pt; font-weight:bold">Financial Statements and Exhibits</font></p>
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                        <p style="margin:6pt 0pt"><font style="font-family:Arial; font-size:10pt">Amended and Restated Articles of Incorporation of AMERCO</font></p>
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            <p style="margin:0pt; text-indent:216pt"><font style="font-family:Arial; font-size:10pt">SIGNATURE</font></p>
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            <p style="margin:0pt; text-indent:27pt"><font style="font-family:Arial; font-size:10pt">Pursuant to the requirements of the Securities </font><font style="font-family:Arial; font-size:10pt">Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></p>
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            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">Dated: </font><font style="font-family:Arial; font-size:10pt">June 9</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt"> 201</font><font style="font-family:Arial; font-size:10pt">6</font></p>
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            <p style="margin:0pt 0pt 0pt 180pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">AMERCO</font></p>
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            <p style="margin:0pt 0pt 0pt 216pt; text-indent:-54pt; padding-left:54pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">/s/ Jason A. Berg</font></p>
            <p style="margin:0pt 0pt 0pt 216pt; text-indent:-54pt; padding-left:54pt"><font style="font-family:Arial; font-size:10pt">Jason A. Berg, </font></p>
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<TYPE>EX-3.1
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<DESCRIPTION>EXHIBIT 3.1
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            <p style="margin:0pt; text-align:center"><a name="EDGAR_PAGE_START1"></a><font style="font-family:'Times New Roman'; font-size:12pt">AMENDED AND RESTATED</font><br /><font style="font-family:'Times New Roman'; font-size:12pt"> ARTICLES OF INCORPORATION</font><br /><font style="font-family:'Times New Roman'; font-size:12pt"> OF AMERCO</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">The undersigned, Chairman and President of AMERCO, a Nevada corporation, in accordance with Sections 78.390 and 78.403 of the Nevada Revised Statutes, does hereby certify that the following </font><font style="font-family:'Times New Roman'; font-size:12pt">are the Amended and Restated Articles of Incorporation of AMERCO </font><font style="font-family:'Times New Roman'; font-size:12pt">as amended</font><font style="font-family:'Times New Roman'; font-size:12pt"> to the date set forth below (as so amended, the &#8220;Articles of Incorporation&#8221;). The following </font><font style="font-family:'Times New Roman'; font-size:12pt">correctly sets forth the text of </font><font style="font-family:'Times New Roman'; font-size:12pt">said</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">A</font><font style="font-family:'Times New Roman'; font-size:12pt">rticles of </font><font style="font-family:'Times New Roman'; font-size:12pt">I</font><font style="font-family:'Times New Roman'; font-size:12pt">ncorporation</font><font style="font-family:'Times New Roman'; font-size:12pt">:</font></p>
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            <p style="margin:0pt 0pt 12pt 18pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">1.&#160; The name of this C</font><font style="font-family:'Times New Roman'; font-size:12pt">orporation is AMERCO (hereinafter, this &#8220;Corporation&#8221;).</font></p>
            <p style="margin:0pt 0pt 12pt 18pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">2.&#160; The name and address of the resident agent is The Corporation Trust Company of Nevada, 311 S. Division Street, Carson City, Nevada 89703.</font></p>
            <p style="margin:0pt 0pt 12pt 18pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">3.&#160; The Corporation may engage in any </font><font style="font-family:'Times New Roman'; font-size:12pt">lawful activity</font><font style="font-family:'Times New Roman'; font-size:12pt">.</font></p>
            <p style="margin:0pt 0pt 12pt 18pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">4. </font><font style="font-family:'Times New Roman'; font-size:12pt"> The Corporation shall have all the general and specific powers authorized by law.</font></p>
            <p style="margin:0pt 0pt 12pt 18pt; text-indent:-18pt; text-align:justify; padding-left:18pt"><font style="font-family:'Times New Roman'; font-size:12pt">5.&#160; The total number of shares of common stock which this Corporation is authorized to issue is (i) Two Hundred and Fifty Million (250,000,000) shares of common stock with a</font><font style="font-family:'Times New Roman'; font-size:12pt"> par value of Twenty-five Cents ($0.25) per share (&quot;</font><font style="font-family:'Times New Roman'; font-size:12pt">Common Stock, $0.25 Par Value</font><font style="font-family:'Times New Roman'; font-size:12pt">&quot;), and (ii) Two Hundred and Fifty Million (250,000,000) shares of common stock (&quot;Serial Common Stock&quot;), with the Board of Directors having authority to issue shares of Serial</font><font style="font-family:'Times New Roman'; font-size:12pt"> Common Stock in one or more classes or series (the number of shares of each class or series being determined by the Board of Directors), with or without par value, and with such voting powers, designations, preferences, limitations, restrictions, and rela</font><font style="font-family:'Times New Roman'; font-size:12pt">tive rights as shall be stated or expressed in the resolution regarding such Serial Common Stock adopted by the Board of Directors pursuant to the authority expressly vested in it by this provision of the Articles of Incorporation, or any amendment thereto</font><font style="font-family:'Times New Roman'; font-size:12pt">. For purposes of these Articles of Incorporation, the term &quot;common stock&quot; includes </font><font style="font-family:'Times New Roman'; font-size:12pt">Common Stock, $0.25 Par Value</font><font style="font-family:'Times New Roman'; font-size:12pt"> and Serial Common Stock.</font></p>
            <p style="margin:0pt 0pt 12pt 36pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">In addition to the common stock authorized to be issued by the foregoing paragraph, this Corporation is authorized to</font><font style="font-family:'Times New Roman'; font-size:12pt"> issue Fifty Million (50,000,000) shares of preferred stock, with the Board of Directors having authority to issue such shares in one or more classes or series (the number of shares of each class or series being determined by the Board of Directors), with </font><font style="font-family:'Times New Roman'; font-size:12pt">or without par value, and with such voting powers, designations, preferences limitations, restrictions, and relative right as shall be stated or expressed in the resolution regarding such preferred stock adopted by the Board of Directors pursuant to the au</font><font style="font-family:'Times New Roman'; font-size:12pt">thority expressly vested in it by this provision of these Articles of Incorporation, or any amendment thereto.</font><a name="EDGAR_PAGE_END1"></a></p>
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            <p style="margin:0pt 0pt 12pt 22.5pt; text-indent:-18pt; text-align:justify; padding-left:18pt"><a name="EDGAR_PAGE_START2"></a><font style="font-family:'Times New Roman'; font-size:12pt">6.&#160; For the management of the business, and for the conduct of the affairs of the Corporation, and for the further definition, limitation, and re</font><font style="font-family:'Times New Roman'; font-size:12pt">gulation of the powers of the Corporation and its directors and stockholders, it is further provided:</font></p>
            <p style="margin:0pt 0pt 12pt 54pt; text-indent:-18pt; text-align:justify; padding-left:18pt"><font style="font-family:'Times New Roman'; font-size:12pt">A.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#160; Board of Directors. The Board of Directors of the Corporation (&#8220;Board of Directors&#8221;) shall consist of not less than 4 nor more than 8 directors, the </font><font style="font-family:'Times New Roman'; font-size:12pt">exact number of members of the Board of Directors to be determined from time to time solely by a resolution adopted by an affirmative vote of a majority of the entire Board of Directors. </font></p>
            <p style="margin:0pt 0pt 12pt 72pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">A director shall hold office for a term of one year, commencing upon</font><font style="font-family:'Times New Roman'; font-size:12pt"> the effective time of his or her appointment or election to the Board, and ending at the next succeeding annual meeting of stockholders of the Corporation; subject, however, to prior death, resignation, retirement, disqualification or removal from office.</font></p>
            <p style="margin:0pt 0pt 12pt 72pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">Directors need not be stockholders. The names of the current members of the Board are:&#160; Edward J. Shoen, James E. Acridge, Charles J. Bayer, John P. Brogan, John M. Dodds, Michael L. Gallagher, Daniel R. Mullen and Samuel J. Shoen, each with an address of</font><font style="font-family:'Times New Roman'; font-size:12pt"> c/o 5555 Kietzke Lane, Suite 100, Reno, Nevada 89511.&#160; </font></p>
            <p style="margin:0pt 0pt 12pt 54pt; text-indent:-18pt; text-align:justify; padding-left:18pt"><font style="font-family:'Times New Roman'; font-size:12pt">B.&#160; Powers of the Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">. In furtherance and not in limitation of the powers conferred by the laws of the State of Nevada, the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> is expressly authorized and empowered:</font></p>
            <p style="margin:0pt 0pt 12pt 85.5pt; text-indent:-22.5pt; text-align:justify; padding-left:22.5pt"><a name="_Ref357164263"><font style="font-family:'Times New Roman'; font-size:12pt">(i)&#160; </font><font style="font-family:'Times New Roman'; font-size:12pt">To make, alter, amend, and repeal the By-Laws, </font></a><font style="font-family:'Times New Roman'; font-size:12pt">subject to the power of the Stockholders to amend the By-Laws, which power may be exercised only by the affirmative vote of two-thirds of all of the outstanding shares of common stock of the Corporation e</font><font style="font-family:'Times New Roman'; font-size:12pt">ntitled to vote, which vote must be by ballot at a duly constituted meeting of the Stockholders, the notice of which meeting must include the proposed amendment.&#160; This Article 6.B(i) may be amended only by the affirmative vote of two-thirds of all of the o</font><font style="font-family:'Times New Roman'; font-size:12pt">utstanding shares of common stock of the Corporation entitled to vote, which vote must be by ballot at a duly constituted meeting of the stockholders, the notice of which meeting must include the proposed amendment.</font></p>
            <p style="margin:0pt 0pt 12pt 85.5pt; text-indent:-22.5pt; text-align:justify; padding-left:22.5pt"><font style="font-family:'Times New Roman'; font-size:12pt">(ii)&#160; </font><font style="font-family:'Times New Roman'; font-size:12pt">Subject to the applicable provisio</font><font style="font-family:'Times New Roman'; font-size:12pt">ns of the By-Laws then in effect, to determine, from time to time, whether and to what extent, and at what times and places, and under what conditions</font><font style="font-family:'Courier New'; font-size:9.5pt; letter-spacing:2.2pt"> </font><font style="font-family:'Times New Roman'; font-size:12pt">and regulations, the accounts and books of the Corporation, or any of them, shall be open to stockholder </font><font style="font-family:'Times New Roman'; font-size:12pt">inspection. No stockholder shall have any right to inspect any of the accounts, books or documents of the Corporation, except as permitted by law, unless and until</font><a name="EDGAR_PAGE_END2"></a></p>
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            <p style="margin:0pt 0pt 12pt 85.5pt; ; text-align:justify; padding-left:22.5pt"><font style="font-family:'Times New Roman'; font-size:12pt"> </font><a name="EDGAR_PAGE_START3"></a><font style="font-family:'Times New Roman'; font-size:12pt">authorized to do so, by resolution of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> or of the </font><font style="font-family:'Times New Roman'; font-size:12pt">shareholders</font><font style="font-family:'Times New Roman'; font-size:12pt"> of the C</font><font style="font-family:'Times New Roman'; font-size:12pt">orporation;</font></p>
            <p style="margin:0pt 0pt 12pt 85.5pt; text-indent:-22.5pt; text-align:justify; padding-left:22.5pt"><font style="font-family:'Times New Roman'; font-size:12pt">(iii)&#160; </font><font style="font-family:'Times New Roman'; font-size:12pt">To authorize and issue, without stockholder consent, obligations of the Corporation, secured and unsecured, under such terms and conditions as the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">, in its sole discretion, may determine, and to pledge or mortgage, as s</font><font style="font-family:'Times New Roman'; font-size:12pt">ecurity therefor, any real or personal property of the Corporation, including after-acquired property;</font></p>
            <p style="margin:0pt 0pt 12pt 85.5pt; text-indent:-22.5pt; text-align:justify; padding-left:22.5pt"><font style="font-family:'Times New Roman'; font-size:12pt">(iv)&#160; </font><font style="font-family:'Times New Roman'; font-size:12pt">To determine whether any and, if so, what part, of the earned surplus of the Corporation shall be paid in dividends to the stockholders, and to dir</font><font style="font-family:'Times New Roman'; font-size:12pt">ect and determine other use and disposition of any such earned surplus;</font></p>
            <p style="margin:0pt 0pt 12pt 85.5pt; text-indent:-22.5pt; text-align:justify; padding-left:22.5pt"><font style="font-family:'Times New Roman'; font-size:12pt">(v)&#160; </font><font style="font-family:'Times New Roman'; font-size:12pt">To fix, from time to time, the amount of the profits of the Corporation to be reserved as working capital or for any other lawful purpose;</font></p>
            <p style="margin:0pt 0pt 12pt 85.5pt; text-indent:-22.5pt; text-align:justify; padding-left:22.5pt"><font style="font-family:'Times New Roman'; font-size:12pt">(vi)&#160; </font><font style="font-family:'Times New Roman'; font-size:12pt">To establish bonus, profit-sharing</font><font style="font-family:'Times New Roman'; font-size:12pt">, stock option, or other types of incentive compensation plans for the employees, including officers and </font><font style="font-family:'Times New Roman'; font-size:12pt">directors</font><font style="font-family:'Times New Roman'; font-size:12pt">, of the Corporation, and to fix the amount of profits to be shared or distributed, and to determine the persons to participate in any such pl</font><font style="font-family:'Times New Roman'; font-size:12pt">ans and the amount of their respective participations;</font></p>
            <p style="margin:0pt 0pt 12pt 85.5pt; text-indent:-22.5pt; text-align:justify; padding-left:22.5pt"><font style="font-family:'Times New Roman'; font-size:12pt">(vii)&#160; </font><font style="font-family:'Times New Roman'; font-size:12pt">To designate, by resolution or resolutions passed by a majority of the whole </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt">, one or more committees, each </font><font style="font-family:'Times New Roman'; font-size:12pt">including at least one director</font><font style="font-family:'Times New Roman'; font-size:12pt">, which, to the extent permitted by </font><font style="font-family:'Times New Roman'; font-size:12pt">law and authorized by the resolution or the By-Laws, shall have and may exercise the powers of the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors.&#160; The Board may appoint natural persons who are not directors to serve on committees</font><font style="font-family:'Times New Roman'; font-size:12pt">;</font></p>
            <p style="margin:0pt 0pt 12pt 76.5pt; text-indent:-31.5pt; text-align:justify; padding-left:31.5pt"><font style="font-family:'Times New Roman'; font-size:12pt">(viii)&#160; </font><font style="font-family:'Times New Roman'; font-size:12pt">To provide for the reasonable compensation o</font><font style="font-family:'Times New Roman'; font-size:12pt">f its own members by By-Laws, and to fix the terms and conditions upon which such compensation will be paid;</font><font style="font-family:'Times New Roman'; font-size:12pt"> and</font></p>
            <p style="margin:0pt 0pt 12pt 85.5pt; text-indent:-22.5pt; text-align:justify; padding-left:22.5pt"><font style="font-family:'Times New Roman'; font-size:12pt">(ix)&#160; </font><font style="font-family:'Times New Roman'; font-size:12pt">In addition to the powers and authority hereinbefore, or by statute, expressly conferred upon it, the </font><font style="font-family:'Times New Roman'; font-size:12pt">Board of Directors</font><font style="font-family:'Times New Roman'; font-size:12pt"> may exercise all</font><font style="font-family:'Times New Roman'; font-size:12pt"> such powers and do all such acts and things as may be exercised or done by the Corporation, subject, nevertheless, to the provisions of the laws of the State of Nevada, of these Articles of </font><font style="font-family:'Times New Roman'; font-size:12pt">I</font><font style="font-family:'Times New Roman'; font-size:12pt">ncorporation, and of the By-Laws of the Corporation.</font></p>
            <p style="margin:0pt 0pt 12pt 54pt; text-indent:-18pt; text-align:justify; padding-left:18pt"><font style="font-family:'Times New Roman'; font-size:12pt">C. </font><font style="font-family:'Times New Roman'; font-size:12pt">The liab</font><font style="font-family:'Times New Roman'; font-size:12pt">ility of directors and officers of the Corporation shall be eliminated or limited to the fullest extent permitted by the Nevada Revised Statutes.&#160; If the Nevada Revised Statutes are amended to further eliminate or limit or</font><a name="EDGAR_PAGE_END3"></a></p>
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            <p style="margin:0pt 0pt 12pt 54pt; ; text-align:justify; padding-left:18pt"><font style="font-family:'Times New Roman'; font-size:12pt"> </font><a name="EDGAR_PAGE_START4"></a><font style="font-family:'Times New Roman'; font-size:12pt">authorize corporate action to fur</font><font style="font-family:'Times New Roman'; font-size:12pt">ther eliminate or limit the liability of directors or officers, the liability of directors and officers of the Corporation shall be eliminated or limited to the fullest extent permitted by the Nevada Revised Statutes, as so amended from time to time.&#160; Any </font><font style="font-family:'Times New Roman'; font-size:12pt">repeal or modification of this Article 6.C approved by the stockholders of the Corporation shall be prospective only and shall not adversely affect any limitation on the liability of a director or officer of the Corporation existing as of the time of such </font><font style="font-family:'Times New Roman'; font-size:12pt">repeal or modification</font></p>
            <p style="margin:0pt 0pt 12pt 22.5pt; text-indent:-18pt; text-align:justify; padding-left:18pt"><font style="font-family:'Times New Roman'; font-size:12pt">7.&#160; Except as otherwise provided by the Board of Directors, no holder of any shares of the stock of the Corporation shall have any preemptive right to purchase, subscribe for, or otherwise acquire any shares of stock of the Corporati</font><font style="font-family:'Times New Roman'; font-size:12pt">on of any class now or hereafter authorized, or any securities exchangeable for or convertible into such shares, or any warrants or other instruments evidencing rights or options to subscribe for, purchase or otherwise acquire such shares.</font></p>
            <p style="margin:0pt 0pt 12pt 22.5pt; text-indent:-18pt; text-align:justify; padding-left:18pt"><font style="font-family:'Times New Roman'; font-size:12pt">8.&#160; To the exten</font><font style="font-family:'Times New Roman'; font-size:12pt">t and upon the terms and provisions provided in NRS 78.140 and other applicable laws and regulations, a contract or other transaction is not void or voidable solely because (A) The contract or transaction is between (i) the Corporation and one or more of i</font><font style="font-family:'Times New Roman'; font-size:12pt">ts Directors or officers, or (ii) another corporation, firm or association in which one or more of its directors or officers are Directors or officers of the Corporation or are financially interested;&#160; (B) A common or interested Director or officer (i) is </font><font style="font-family:'Times New Roman'; font-size:12pt">present at the meeting of the Board of Directors or a committee thereof which authorizes or approves the contract or transaction; or (ii) joins in the signing of a written consent which authorizes or approves the contract or transaction pursuant to subsect</font><font style="font-family:'Times New Roman'; font-size:12pt">ion 2 of&#160; NRS 78.315;&#160; or (C) The vote or votes of a common or interested Director are counted for the purpose of authorizing or approving the contract or transaction.&#160; </font></p>
            <p style="margin:0pt 0pt 12pt 22.5pt; text-indent:-22.5pt; text-align:justify; padding-left:22.5pt"><font style="font-family:'Times New Roman'; font-size:12pt">9.&#160; The duration of this Corporation shall be perpetual.</font></p>
            <p style="margin:0pt 0pt 12pt 18pt; text-indent:-22.5pt; text-align:justify; padding-left:22.5pt"><a name="_Ref357163482"><font style="font-family:'Times New Roman'; font-size:12pt">10.&#160; The affirmative vote of </font><font style="font-family:'Times New Roman'; font-size:12pt">the holders of two-thirds (2/3) of the outstanding shares of common stock of this Corporation entitled to vote shall be required to approve, adopt or authorize:</font></a></p>
            <p style="margin:0pt 0pt 12pt 54pt; text-indent:-18pt; text-align:justify; padding-left:18pt"><a name="_Ref357163422"><font style="font-family:'Times New Roman'; font-size:12pt">A. Any agreement for the merger, consolidation, amalgamation or combination of this Corporation</font><font style="font-family:'Times New Roman'; font-size:12pt"> with or into any other person, firm, corporation or other entity which is an Interested Stockholder (as hereafter defined);</font></a></p>
            <p style="margin:0pt 0pt 12pt 54pt; text-indent:-18pt; text-align:justify; padding-left:18pt"><font style="font-family:'Times New Roman'; font-size:12pt">B. Any sale, lease, exchange or other disposition to or with this Corporation of any assets of any Interested Stockholder;</font></p>
            <p style="margin:0pt 0pt 12pt 54pt; text-indent:-18pt; text-align:justify; padding-left:18pt"><font style="font-family:'Times New Roman'; font-size:12pt">C. Any s</font><font style="font-family:'Times New Roman'; font-size:12pt">ale, lease, exchange or other disposition by this Corporation of all or substantially all of the assets of this Corporation to or with an Interested Stockholder;</font><a name="EDGAR_PAGE_END4"></a></p>
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            <p style="margin:0pt 0pt 12pt 54pt; text-indent:-13.5pt; text-align:justify; padding-left:13.5pt"><a name="EDGAR_PAGE_START5"></a><font style="font-family:'Times New Roman'; font-size:12pt">D. Any plan or proposal for liquidation or dissolution of this Corporation if any shareholder </font><font style="font-family:'Times New Roman'; font-size:12pt">of this Corporation is an Interested Stockholder; or</font></p>
            <p style="margin:0pt 0pt 12pt 54pt; text-indent:-18pt; text-align:justify; padding-left:18pt"><a name="_Ref357163434"><font style="font-family:'Times New Roman'; font-size:12pt">E. Any reclassification of securities (including any reverse stock split) or recapitalization of this Corporation which has the effect, directly or indirectly, of increasing the proportionate share of th</font><font style="font-family:'Times New Roman'; font-size:12pt">e outstanding shares of any class of stock or convertible securities of this Corporation, directly or indirectly owned by an Interested Stockholder.</font></a></p>
            <p style="margin:0pt 0pt 12pt 36pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">As used herein, Interested Stockholder shall mean any person, firm, corporation or other entity which, as o</font><font style="font-family:'Times New Roman'; font-size:12pt">f the record date for the determination of shareholders entitled to notice of and to vote on any of the above transactions, is the beneficial owner, directly or indirectly, of more than five percent (5%) of the voting power of any class of outstanding voti</font><font style="font-family:'Times New Roman'; font-size:12pt">ng shares of this Corporation. For the purposes hereof, any person, firm, corporation or other entity will be deemed to be the beneficial owner of outstanding voting shares of this Corporation in which (i) it has the right to acquire pursuant to any agreem</font><font style="font-family:'Times New Roman'; font-size:12pt">ent or upon exercise of conversion rights, warrants or options, or otherwise, (ii) i</font><font style="font-family:'Times New Roman'; font-size:12pt">nvestment power over the shares, including, without limitation, the power to dispose, or to direct the disposition, of the shares, </font><font style="font-family:'Times New Roman'; font-size:12pt">or (iii) are owned, directly or indirectl</font><font style="font-family:'Times New Roman'; font-size:12pt">y (including shares deemed owned through the application of clause (i) above), by any other person, firm, corporation or other entity with which it has any agreement, arrangement or understanding, w</font><font style="font-family:'Times New Roman'; font-size:12pt">hether or not in writing,</font><font style="font-family:'Times New Roman'; font-size:12pt"> with respect to the acquisition,</font><font style="font-family:'Times New Roman'; font-size:12pt"> holding, voting or disposition of voting stock of this Corporation, or which is its &quot;affiliate&quot; or &quot;associate&quot; as those terms are defined in the Rules and Regulations under the Securities Exchange Act of 1934, as amended. </font></p>
            <p style="margin:0pt 0pt 12pt 36pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">The Board of Directors of this C</font><font style="font-family:'Times New Roman'; font-size:12pt">orporation shall have the power and duly, by resolution adopted by the affirmative vote of a majority of the whole Board of Directors, to determine (and such determination shall be conclusive) for the purposes of this Article 10, on the basis of informatio</font><font style="font-family:'Times New Roman'; font-size:12pt">n known to it, whether (i) any person, firm, corporation or other entity is the beneficial owner, directly or indirectly, of more than five percent (5%) of any class of voting stock of this Corporation, (ii) any proposed sale, lease, exchange or other disp</font><font style="font-family:'Times New Roman'; font-size:12pt">osition involves all or substantially all of the assets of this Corporation, or (iii) any person, firm, corporation or other entity has any agreement, arrangement or understanding with respect to the acquisition, holding, voting or disposition of voting st</font><font style="font-family:'Times New Roman'; font-size:12pt">ock of this Corporation with any other person, firm, corporation or other entity.</font></p>
            <p style="margin:0pt 0pt 12pt 36pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">Notwithstanding any other provision of these Articles of Incorporation, the affirmative vote of the holders of two-thirds (2/3</font><font style="font-family:'Times New Roman'; font-size:8pt; vertical-align:super">rds</font><font style="font-family:'Times New Roman'; font-size:12pt">)&#160; of the outstanding shares of common stock </font><font style="font-family:'Times New Roman'; font-size:12pt">of this Corporation entitled to vote shall be required to amend, alter, change or repeal, or to adopt any provision inconsistent with, this Article 10.</font></p>
            <p style="margin:0pt 0pt 12pt 36pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">The respective two-thirds (2/3</font><font style="font-family:'Times New Roman'; font-size:8pt; vertical-align:super">rds</font><font style="font-family:'Times New Roman'; font-size:12pt">) voting requirements specified above for any of the transactions refer</font><font style="font-family:'Times New Roman'; font-size:12pt">red to in any one or more of paragraphs 10.A through 10.E above, or to amend, alter, change or repeal, or to adopt any provision inconsistent</font><a name="EDGAR_PAGE_END5"></a></p>
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            <p style="margin:0pt 0pt 12pt 36pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt"> </font><a name="EDGAR_PAGE_START6"></a><font style="font-family:'Times New Roman'; font-size:12pt">with, this Article 10, shall not be applicable to a proposed action which has been approved or recommended by majo</font><font style="font-family:'Times New Roman'; font-size:12pt">rity of the Disinterested directors. As used herein, a &quot;Disinterested Director&quot; means (i) any Director of the Corporation who was a Director as of July 24, 1988, or (ii) was thereafter elected by the shareholders or appointed by the Board of Directors of t</font><font style="font-family:'Times New Roman'; font-size:12pt">his Corporation and was not at the time of such election or appointment associated with or an affiliate of an Interested Stockholder directly or indirectly involved in the transaction or proposal before the Board of Directors, or (iii) a person designated,</font><font style="font-family:'Times New Roman'; font-size:12pt"> before his election or appointment as a Director, as a Disinterested Director by a majority of Disinterested directors then on the Board of Directors.</font></p>
            <p style="margin:0pt 0pt 12pt 18pt; text-indent:-18pt; text-align:justify; padding-left:18pt"><a name="_Ref357163638"><font style="font-family:'Times New Roman'; font-size:12pt">11 Stockholder action by written consent is prohibited. This Article 11 may be amended only by the affir</font><font style="font-family:'Times New Roman'; font-size:12pt">mative vote of two-thirds (2/3</font><font style="font-family:'Times New Roman'; font-size:8pt; vertical-align:super">rds</font><font style="font-family:'Times New Roman'; font-size:12pt">)&#160; of all of the outstanding shares of common stock of the Corporation entitled to vote, which vote must be by ballot at a duly constituted meeting of the shareholders, the notice of which meeting must include the proposed </font><font style="font-family:'Times New Roman'; font-size:12pt">amendment.</font></a></p>
            <p style="margin:0pt 0pt 12pt 18pt; text-align:justify"><a name="_Ref357164572"><font style="font-family:'Times New Roman'; font-size:12pt">12. Indemnification:</font></a></p>
            <p style="margin:0pt 0pt 12pt 54pt; text-indent:-18pt; text-align:justify; padding-left:18pt"><font style="font-family:'Times New Roman'; font-size:12pt">A. </font><font style="font-family:'Times New Roman'; font-size:12pt">The Corporation must indemnify and hold harmless, to the fullest extent permitted or authorized by applicable law as it presently exists or may hereafter be amended, any person (a &#8220;Covered Person&#8221;) who was or is made or i</font><font style="font-family:'Times New Roman'; font-size:12pt">s threatened to be made a party or is otherwise involved in any action, suit or proceeding, whether civil, criminal, administrative or investigative (a &#8220;Covered Action&#8221;), by reason of the fact that he or she, or a person for whom he or she is legal represe</font><font style="font-family:'Times New Roman'; font-size:12pt">ntative, is or was a Director, officer, employee or agent of the Corporation or is or was serving at the request of the Corporation as a Director, officer, employee or agent of another corporation or of a partnership, joint venture, trust, enterprise or no</font><font style="font-family:'Times New Roman'; font-size:12pt">nprofit entity (a &#8220;Covered Entity&#8221;), including service with respect to employee benefit plans, against all expenses, including attorney&#8217;s fees, judgments, fines and amounts paid in settlement actually and reasonably incurred by such Covered Person, so long</font><font style="font-family:'Times New Roman'; font-size:12pt"> as such covered person (a) is not liable pursuant to</font><font style="font-family:'Times New Roman'; font-size:12pt"> N</font><font style="font-family:'Times New Roman'; font-size:12pt">RS 78.138 or (b) acted in good faith and in a manner which he or she reasonably believed to be in or not oppose</font><font style="font-family:'Times New Roman'; font-size:12pt">d to the best interests of the C</font><font style="font-family:'Times New Roman'; font-size:12pt">orporation, and, with respect to any criminal action or pr</font><font style="font-family:'Times New Roman'; font-size:12pt">oceeding, had no reasonable cause to believe the conduct was unlawful.&#160; The termination of any action, suit or proceeding by judgment, order, settlement, conviction or upon a plea of nolo contendere or its equivalent, does not, of itself, create a presumpt</font><font style="font-family:'Times New Roman'; font-size:12pt">ion that the person is liable pursuant to NRS 78.138 or did not act in good faith and in a manner which he or she reasonably believed to be in or not oppose</font><font style="font-family:'Times New Roman'; font-size:12pt">d to the best interests of the C</font><font style="font-family:'Times New Roman'; font-size:12pt">orporation, or that, with respect to any criminal action or proceedi</font><font style="font-family:'Times New Roman'; font-size:12pt">ng, he or she had reasonable cause to believe that the conduct was unlawful.</font><font style="font-family:'Times New Roman'; font-size:12pt">&#160; </font></p>
            <p style="margin:0pt 0pt 12pt 54pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">Notwithstanding the foregoing, indemnification may not be made for any claim, issue or matter as to which such a person has been adjudged by a court</font><a name="EDGAR_PAGE_END6"></a></p>
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            <p style="margin:0pt 0pt 12pt 54pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt"> </font><a name="EDGAR_PAGE_START7"></a><font style="font-family:'Times New Roman'; font-size:12pt">of competent jurisdiction, </font><font style="font-family:'Times New Roman'; font-size:12pt">after exhaustion of all appeals therefrom, to be liable to the Corporation or for amounts paid in settlement to the Corporation, unless and only to the extent that the court in which the action or suit was brought or other court of competent jurisdiction d</font><font style="font-family:'Times New Roman'; font-size:12pt">etermines upon application that in view of all the circumstances of the case, the person is fairly and reasonably entitled to indemnity for such expenses as the court deems proper.</font></p>
            <p style="margin:0pt 0pt 12pt 54pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">Notwithstanding the foregoing, the Corporation shall only be required to in</font><font style="font-family:'Times New Roman'; font-size:12pt">demnify a Covered Person in connection with a Covered Action (or part thereof) commenced by such Covered Person if the commencement of such Covered Action (or part thereof) by the Covered Person was authorized by the Board of Directors.</font></p>
            <p style="margin:0pt 0pt 12pt 54pt; text-indent:-18pt; text-align:justify; padding-left:18pt"><font style="font-family:'Times New Roman'; font-size:12pt">B. The Corporation </font><font style="font-family:'Times New Roman'; font-size:12pt">shall pay the expenses (including attorneys&#8217; fees) incurred by a Director or officer in defending any Covered Action as they are incurred and in advance of its final disposition so long as such Director or officer provides an undertaking to repay all amoun</font><font style="font-family:'Times New Roman'; font-size:12pt">ts advanced if it should be ultimately determined that such Director or officer is not entitled to be indemnified under this Article 12 or otherwise.</font></p>
            <p style="margin:0pt 0pt 12pt 54pt; text-indent:-18pt; text-align:justify; padding-left:18pt"><font style="font-family:'Times New Roman'; font-size:12pt">C. If a claim for indemnification or advancement of expenses under this Article 12 is not paid in full wit</font><font style="font-family:'Times New Roman'; font-size:12pt">hin 30 days after a written claim therefor by the Covered Person has been received by the Corporation, the Covered Person may file suit to recover the unpaid amount of such claim and, if successful in whole or in part, shall be entitled to be paid the expe</font><font style="font-family:'Times New Roman'; font-size:12pt">nse of prosecuting such claim.&#160; In any such action the Corporation shall have the burden of proving that the Covered Person is not entitled to the requested indemnification or advancement of expenses under applicable law.</font></p>
            <p style="margin:0pt 0pt 12pt 54pt; text-indent:-18pt; text-align:justify; padding-left:18pt"><font style="font-family:'Times New Roman'; font-size:12pt">D. The rights conferred on any Cov</font><font style="font-family:'Times New Roman'; font-size:12pt">ered Person by this Article 12 shall not be exclusive of any other rights that such Covered Person may have or hereafter acquire under any statute, provision of these Articles of Incorporation, the By-Laws, agreement, vote of shareholders or disinterested </font><font style="font-family:'Times New Roman'; font-size:12pt">directors or otherwise. This Article 12 shall not limit the right of the Corporation, to the extent and in the manner permitted by law, to indemnify and to advance expenses to persons other than Covered Persons when and as authorized by appropriate corpora</font><font style="font-family:'Times New Roman'; font-size:12pt">te action.</font></p>
            <p style="margin:0pt 0pt 12pt 54pt; text-indent:-18pt; text-align:justify; padding-left:18pt"><a name="_Ref357164551"><font style="font-family:'Times New Roman'; font-size:12pt">E. The Corporation&#8217;s obligation, if any, to indemnify or to advance expenses to any Covered Person who was or is serving at its request as a Director, officer, employee or agent of a Covered Entity shall be reduced by any amount such Covered Per</font><font style="font-family:'Times New Roman'; font-size:12pt">son may collect as indemnification or advancement of expenses from such Covered Entity.</font></a></p>
            <p style="margin:0pt 0pt 12pt 54pt; text-indent:-18pt; text-align:justify; padding-left:18pt"><font style="font-family:'Times New Roman'; font-size:12pt">F. Any repeal or modification of the foregoing provisions of this Article 12 shall not adversely affect any right or protection hereunder of any Covered</font><a name="EDGAR_PAGE_END7"></a></p>
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            <p style="margin:0pt 0pt 12pt 54pt; ; text-align:justify; padding-left:18pt"><font style="font-family:'Times New Roman'; font-size:12pt"> </font><a name="EDGAR_PAGE_START8"></a><font style="font-family:'Times New Roman'; font-size:12pt">Person in </font><font style="font-family:'Times New Roman'; font-size:12pt">respect of any act or omission occurring prior to the time of such repeal or modification.</font></p>
            <p style="margin:0pt 0pt 12pt 54pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">G. In furtherance and not in limitation of any powers conferred by statute:</font></p>
            <p style="margin:0pt 0pt 12pt 90pt; text-indent:-18pt; text-align:justify; padding-left:18pt"><font style="font-family:'Times New Roman'; font-size:12pt">(i) The Corporation may purchase and maintain insurance on behalf of any person who is or</font><font style="font-family:'Times New Roman'; font-size:12pt"> was a Director, officer, employee or agent of the Corporation, or is serving in any capacity, at the request of the Corporation, any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise, against any liability or </font><font style="font-family:'Times New Roman'; font-size:12pt">expense incurred by him or her in any such capacity, or arising out of his or her status as such, whether or not the Corporation would have the power to indemnify him or her against such liability or expense under the provisions of law; and</font></p>
            <p style="margin:0pt 0pt 12pt 90pt; text-indent:-18pt; text-align:justify; padding-left:18pt"><font style="font-family:'Times New Roman'; font-size:12pt">(ii) The Corpor</font><font style="font-family:'Times New Roman'; font-size:12pt">ation may create a trust fund, grant a security interest or lien on any assets of the corporation and/or use other means (including, without limitation, letters of credit, guaranties, surety bonds and/or other similar arrangements), and enter into contract</font><font style="font-family:'Times New Roman'; font-size:12pt">s providing indemnification to the full extent authorized or permitted by law and including as part thereof provisions with respect to any or all of the foregoing to ensure the payment of such amounts as may become necessary to effect indemnification as pr</font><font style="font-family:'Times New Roman'; font-size:12pt">ovided therein, or elsewhere.</font></p>
            <p style="margin:0pt 0pt 12pt 85.5pt; text-indent:-22.5pt; text-align:justify; padding-left:22.5pt"><font style="font-family:'Times New Roman'; font-size:12pt">(iii) The Corporation may, as determined appropriate by the Board of directors, enter into any agreements, contracts or arrangements, including indemnification agreements, with directors and officers of the Corporation, in fur</font><font style="font-family:'Times New Roman'; font-size:12pt">therance of this Article 12.&#160; </font></p>
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            <p style="margin:0pt; text-indent:36pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">The undersigned certifies that he is the Chairman and President of AMERCO, a Nevada corporation, and further that the Board of Directors of the Corporation, by resolution dated April 6, 2016, and the stockholders of the Corp</font><font style="font-family:'Times New Roman'; font-size:12pt">oration at their meeting dated June 8, 2016, authorized the foregoing Articles of Incorporation.</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">DATED:&#160; June 8, 2016</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">AMERCO, a Nevada corporation</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">By: __</font><font style="font-family:'Times New Roman'; font-size:12pt; text-decoration:underline">/s/ Edward J. Shoen</font><font style="font-family:'Times New Roman'; font-size:12pt">_____________________________________</font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">Edward J. Shoen, President </font></p>
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