Tazewell Republican. [volume] (Tazewell, Va.) 1892-1919, 1907-06-13
CERTIFICATE
OF Amendment Of Charter-Clinch VAL
ley Coal and Iron Company

pany, DO HEREBY CERTIFY
1. 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 S0th day of March. 1887. and
that the charter of the said COMPANY
was subsequently duly amended. and
declared and ordered by a certificate of
the State Corporation Commission of
Virginia on the 18th day of May, 1904.
amended upon application made and
presented to the State Corporation
commission for such amendment.
Z That by such amendment the sec
ono section of the charter of the said
company was amended so as to read:
y. The capital stock of the
SAID 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
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 the
subscribers.
3. That at special meetino of tho
Board of Directors of the said Com
pany, duly called and held on the twelfth
day OF Aprils 1907, the said Board unan-
imously passed resolution declaring
that an amendmendment, change or al.
Iteration In the charter of the said Com
pany decreasing the authorized maxi
mum capital stock of the Company from
81, 0Ol 800 to 81, 921, 72S was advisable
and calling meeting of the STOCKHOLM
ers to take action upon the proposed
amendment, change or alteration
at the office of the Company at Jeffer-
sonvllle (Tazewell 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
this corporation, decreasing the corpor-
atoms preferred and common stock
from two million one thousand eight
hundred dollars, (2,O0l, 800. OO,) to one
million nine hundred and twentv-one
Thousand seven hundred and twenty
eignt dollars Isl, 921, 72S. O0) and the par
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 amendino
changing or altering Section 2 of the
cnarter OF the corporation, is advisable.
SO mat when the said amendment.
change or alteration shall become effec-
1--WE TINS 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 Assembly Of
Virginia, entitled An Act to incorpor-
ate the Chnch Valley Coal and iron
company, approved March 80, 1887.
follows; -
=: The capital stock of the
SAID Company shall not be less
than two hundred and fifty thou
sano dollars, and may be in
creased to any amount not ex-
ceedlng two million one thou
sand eight hundred dollars bv
subscription, or by the issue or
sale OF shares, the par value of
which shall not be less than
nifty dollars, from time to time.
under such regulations and upon
such terms as the board of direc-
TORS OF said company shall from
Tune to time prescribe; and the
directors may receive real or
personal property suited to the
business OF the company in paw
ment for subscriptions to the
capital stock, at such valuation
as may be agreed upon between
the directors and the subscrib-
ers. Shall after the said
AmenSment, change or altera-
tlon shall become effective, read
as follows;
4 The capital stock of the
sald company shall be one mil
hon nine hundred and twenty
one thousand seven hundred and
tWenty-eight dollars, 1,92l,-
txe-Oy,l IN shares the par value
OF winch shall be ninety-six
dollars
On motion, it was unanimously
RESOLVED, That the annual Meeting
Of the stockholders for the election Of
directors and the transaction of such
other business that may be presented
Dc and hereby is called to be held at the
3itice OF the Company in Jeffersonyille
IIazewell Court House,) in Tazewell
county, Virginia, on Tuesday, Nav 2Ist.
1907, at O'Clock p. M, and that at the
same time and place special meeting
IF the stockholders be and hereby Is
JAILED to consider and take action las a
special subjeet) on the amendment.
,hange OF, alteration in the Company's
charter which the Board at this meet.
yisable. f" az
a. That notice of the said meeting
70 called was mailed to each of the
tockholders of the Company by mailing
he same to him to his last known post
'nce address In postage prepaid enve-
opes. at least ten days prior to said
Meeting, and was published once a week
or more than four successive weeks in
more than one newspaper published IN