Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1907-06-14
Do HEREBY CERTIFY


Company,
Do HEREBY CERTIFY
/. That the Clinch Valley Coal and
Iron Company is corporation OF the
State OF Virginia, created by an act Of
the General Assembly OF Virginia ap-
pr we'd the 30th, day OF March, 1887,
an that the charter OF the said CON-
pa " was subsequently duly am. nded,
and declared and ordered by certiti-
Gaze Of the State Corporation Commits
sion Of Virginia on the 18th day OF
May, 1904, amend d upon application
made and presented to the State Cor
poration Commission for such amend
ment;
2. That by such amendment the
second section OF the charter OF the
said Company was amended so as to
read:
"2. 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 Itime to time,
under such regulations and upon such
terms as the board of directors Of
said company shall from time to time
prescribe ;and the Directors may re-
ceive real or personal property suited
to the business Of the Company in
payment for subscriptions to the capt.
tai stock at such valuation as may. be
agreed upon between the Directors
and the subscribers"
8. 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 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 $2,001 500 to 81 ,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
Jacksonville (Tazewell Court House)
Tazewell County, Virginia, on the 21st
day Of May, 1907.
The said resolution was as follows:
"REsOLvED, That an amendment,
change or alteration In the charter OF
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
thousand seven hundred and twenty
eight dollars ($1, 927, 72SOO 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
e. p e>cts m e n d Ing, chang.
ing or altering Section 2 Of theleharter
of the corporation, is advisable, &C
that when the said amendment, change
or alteration shall become effective this
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 preferred
and common shares, and so that Sec.
ton 2 OF the charter Of the corporation
being an Act Of the General Assembly
of Virginia, entitled "An Act to incor
porate the Clinch Valley Coal and Iron
SCompany," approved March 80, 1887
as heretofore amended, which reads as
follows:
q. The capital stock of the sale
Company shall not be less than two
hundred and fifty thousand dollars
and may be increased to any amount
not exceeding two million one thousanC
eight hundred dollars by subscription
or by the issue or sale OF shares, the
par value OF which shall not be lees
than fifty dollars, from time. TO time
under such regulations and upon sucl
terms as the board Of directors OF sal,
company shall from time to time pre-
scribe; and the directors may receiv,
real or personal property suited to tn
business OF the Company In paymen
for subscriptions to the capital stock
at such valuation ~ may be agree