ARTICLES OF INCORPORATION
LEGG MASON, INC.
THIS IS TO CERTIFY THAT:
FIRST: The undersigned, Charles A. Bacigalupo, whose post office address is 7 East Redwood Street,
Baltimore, Maryland 21203, being over eighteen (18) years of age, acting as incorporator, does hereby form a
corporation, under and by virtue of the Maryland General Corporation Law.
SECOND: The name of the corporation (which is hereinafter called the "Corporation") is:
LEGG MASON, INC.
THIRD: The purposes for which the Corporation is formed are to engage in any part of the world in any capacity
in any lawful act or activity for which corporations may be organized under the Maryland General Corporation
Law and to enjoy all powers, rights and privileges which a corporation organized under the Maryland General
Corporation Law may have under the laws of the State of Maryland as in force from time to time, including
without limitation all powers, rights and privileges necessary or convenient in carrying out all those acts and
activities in which it may lawfully engage.
FOURTH: The address of the principal office of the Corporation in this State is 7 East Redwood Street,
Baltimore, Maryland 21203. The name and address of the resident agent of the Corporation in this State is
Charles A. Bacigalupo, 7 East Redwood Street, Baltimore, Maryland 21203, an individual residing in Maryland.
FIFTH: The aggregate par value of all shares which the Corporation is authorized to issue is $10,300,000
represented by 1,000,000 shares of Preferred Stock of the value of $10 per share; and 3,000,000 shares of
Common Stock of the par value of $.10 per share.
A statement of the preferences, privileges and restrictions granted to or imposed upon the shares of the stock of
the Corporation or the holders thereof is as follows:
1. Common Stock.
The powers, rights, qualifications, limitations or restrictions thereof of the Common Stock shall be as follows:
(a) Dividends on Common Stock. The holders of the outstanding Common Sto