Tazewell Republican. [volume] (Tazewell, Va.) 1892-1919, 1907-06-27
CERTIFICATE
Vi amendment of Charter-Clinch VAL
ley Coal and Iron COMPANY

l, THOMAS r. PATTON. JR.. President
OF the Clinch Valley Coal and Iron Com
pany, DO HEREBY CERTIFY
l. That the Clinch Valley Coal and
iron Company is a corporation of the
state OF Virginia, created by an Act of
the General Assembly of Virginia an
proved the Both day of March. 1887. and
tnat the charter of the said Companv
was subsequently duly amended. and
declared and ordered by certificate of
the State Corporation Commission of
virginia on the 18th day of Nav, 1904.
amended upon application made and
presented to the State Corporation
commission for such amendment.
2. That by such amendment the Sec
ono section of the charter of the said
Company was amended so as to read:
-. The capital stock of the
sald company shall not be less
than two hundred and fifty thou
sand dollars, and may be in
creased to any amount not
exceeding two million one thou
sand 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
Tune to time, under such regu-
latlons and upon such terms as
the board of directors of said
company shall from time to
time prescribe; and the direc-
tors may receive real or per-
Sonal property suited to the
business of the Company in
payment for subscriptions to
the capital stock at such valua-
ton as may be agreed upon be-
tween the directors and tbe
subscribers
8. That at a special meeting of the /
Board of Directors of the said Com
pany, duly called and held on the twelfth /
day of April, 1907, the said Board unan- |
lmously passed a resolution declaring |
that an amendmendment, change or al. !
teratlon IN the charter of the said Com
pany decreasing the authorized maxi |
mum capital stock of the Company from
Sz,OOl, 500 to $1,921, 728 was advisable
and calling a meeting of the stockhold,
ers to take action upon the proposed
amendment, change or alteration
at the office of the Company at Jeffer-
sonvllle CTazewell Court Housed Taze-
well County, Virginia, on the 2lst day
The said resolution was as follows.
RESOLVED, That an amendment
Change or alteration in the charter of
TINS corporation, decreasing the corpor-
atoms preferred and common stock
from two million one thousand ei0bt
hundred dollars, (2,0O1 800. OO,) to one
million nine hundred and twentv-one
thousand seven hundred and twenty
eight dollars Isl, 921, 72S. OO) and the mar
value OF the shares into which the said
preferred and common stock is divided
from one hundred dollars to ninetv-six
dollars, and in other respects amending.
changing or altering Section 2 of the
charter of the corporation, is advisable |;
so that when the said amendment
change or alteration shall become effec-
tive this corporation shall make distri-
button OF four dollars per share to all
stockholders of preferred and common
stock on account of and in reduction of
the par value of the said preferred and
common shares, and so that Section 2
OF the charter of the corporation. being
ing an Act of the General Assemble of
Virginia, entitled AN Act to incorpor- ,
ate the Clinch Valley Coal and iron
Company" approved March 80. 1887,
follows: S-0 40