Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1907-06-28
Do HEREBY CERTIFY

VI the OiluCu Ndley SOdl anu 1IOu
Company,
Do HEREBY CERTIFY
/. That the Clinch Valley c. al and
Iron Company is n corporation Of the
State Of Virginia, created by al act Of
the General Assembly OF Virginia APP
proved the Both, day of March, 1887,
an that the chatter Of the said COM
pa W was subsequently duly ann nded,
and declared and ordered 10y a certifl-
care of the State Corporation Commits
sion OF Virginia on the 18th day of
May, 1904. ameLd Il upon application
made and presented to the State Cor
poration Commission for such amend
ment;
,. That by such amendment the
second section of the charter CT the
said Company was amended so as to
read:
90 The capital stock OF the said
Company shall not be less than two
hundred and fifty thousand dollars,
and may be increased to any amount
not exceeding two million one thousand
eight hundred dollars by subscription,
or by the issue or sale of shares, the
par value OF which shall not be less
than fifty dollars, from ,time to time,
under such regulations and upon such
terms as the board OF directors OF
said company shall from time 10 time
prescribe land the Directors may re-
ceive real or personal property suited
to the business OF the Company in
payment for subscriptions To the CAPT
t.al OF OF Of, 10
agreed upon between the Directors
and the subscribers"
3. That at a special meeting of the
Board of Directors OF the said Compa-
ny, duly called and held on the twelfth
day OF April, 1907, the said Board
unanimously passed a resolution de-
claring that an amendment, change or
alteration in the charter OF the said
Company decreasing the authorized
maximum capital stock OF the Compa-
ny from $4,000 800 to S1,921,72S was
advisable, and calling a meeting of the
stockholders to take action upon the
proposed amendment, change or alter
alton at the office OF the Company at
Jeffersonville (Tazewell Court House)
Tazewell County, Virginia, on the 21st
uty Ol MAY, 1JO1
The said resolution was as follows:
"REsoLvED, That an amendment.
change or alteration in the charter oil
this corporation, decreasing the cor.
pOration's preferred and common stock
from two million one thousand eight
hundred dollars ($2,001 ,800.00), to one
million nine hundred and twenty one
eight dollars Isl ,927 ,72S.00) and the
par value of the shares into which said
preferred and common stock is divided
from one hundred dollars to
ninety-six dollars, and in Other
respe CT 9 a m ing, chang
ing or altering Section of the charter
of the corporation, is advisable, 81
that when, the said amendment, chang,
or alteration shall become effective thi
corporation shall make distribution O
-Four Dollars per share to all stock
holders of preferred and common
stock on account of and in reduction
of the par value of the said preferret
and common shares, and so that Sec
ton of the charter of the corporation
being an Act of the General Assembly
of Virginia, entitled "An Act to incoI
porate the Clinch Valley Coal and Irol
Company" approved March 80, 1881
as heretofore amended, which reads a
follows:
g. The capital stock of the sal
Company shall not be less than tw
hundred and fifty thousand dollars
and may be increased to any amour
not exceeding two million one thousan
eight hundred dollars by subscription
or by the issue or sale Of shares, tn
par value of which shall not be lee
than fifty dollars, from time to tim
under such regulations and upon sue
terms as the board Of directors cf ga
company shall from time to time pr
scribe; and the directors may recei,
real or personal property suited to ii
business of the Company In payne
for subscriptions to the capital stoo
stsuch valuation rs may he agre