The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-10-23
CERTIFICATE AUTHORIZING RE-,
DuCTION OF OUTSTANDING STOCK
BY wINGo, EI.LETT Il CRUMP
SHOE COMPANY.
Office of the wfngo, Elicit & Crump


Ontce of the Wfngo,- Elicit q trump
Shoe Company,
Richmond Va, oct. z, 1919.
Certificate is hereby made that the
board or directors, at lis meeting. hsio
September 30. 1912. BY resolutions de
eiared IL advisable TO amend the
charter Of the WinEo, Elicit Crump
Shoe company so as to reduce the au-
thorized minimum capital stock from
100000 to 100000, and to reduce the
authorized maximum capital stock
change the par value OF the shares OF
common capital stock and second pre-
ferred stock from 800 each to S6e 2-5
each, and likewise declared II advisable
to decrease the outstanding capital
stock Of the corporation from 2.soo
to s262,Se0 by reducing the common
capital stock OF the corporation and
the second preferred capital stock from
sfSn, 200 each to 100000 each by re-
ducing the par value of the outstsno-
ing shares of each of said classes OF
stock from $10o to S66 2-3 each and
called Meeting of the stockholaers
as required by Law TO take acton
thereon; that at the meeting of the
stock holders Of the said company so
called as aforesaid and held October
I, 1912. at which more than two-thIrds
In interest of the stockholders OF eaen
of the three classes OF capital stock OF
the company having voting power
we're present in person or by proxy!
and mt which more than t~o-thtrds IN
INTEREST vi Tue hNi1AAS
each class of capital stock OF the com
pany voted therefor, the following re-
solutions were unanimously adopted
Resolved. that section of the
charter of the Ningo, Elicit K Crnmp
Shoe company, as granted by the CIR
cult court of the city of Richmond, va
on the 24th day Of January 1891. and
amended by the state Corporation com
mission of Virginia, on the 2ith day OF
June, 1904, and on the Goth day Of
March, 1905. be and the same is amend
ed SO that it shall read as follows, VIZ
The capital stock OF said company
shall be not less than 100000 mini
mum, nor more than 100000 maximum,
OF which 100000 par value, divided
into shares of sfo0 each, shall be nrst
preferred stock. and in case of ftqufda-
tion or dissolution of the company.
shall be entitled to be first paid out OF
the assets OF the company and shall
also be entitled to a per cent an
nual cumulative dividend, payable
before any other dividend is paid on
any other class of stock OF the com
pany; $1,000 par value. divided into
shares Of the par value Of $50 2-s each,
shall be second preferred capital stock,
which shall be entitled TO . per cent
annual, non-cumulative dividend. free
of tax. before any dividends are paid
on the common stock OF the company.
with the further right to said second
preferred stock to participate equally
in further dividends after the COM
mon stock shall have been paid like
dividend of 8 per cent, but the said
second preferred stock shall have pre-
| ference only as to the annual dividend
| of s. per cent if earned, and 100000
| par value of common capital stock,
! divided into shares of the par value
/ of SIS "a each. The minimum capital
/ stock required by the charter mag be
| composed OF any one or more classes
! of said stock"
| And Resolved That the outstaRd ing
! capital stock OF this corporation be
reduced from s362.se0. par value, to
$3.50. 500. par value, by reducing the
| common capital stock and the second
preferred capital stock from $4,000
each, TO sI9e. Gee each. said reduction
to be effected by reducing the par
/ value of the shares of each Of tha said
I two rfasses Of stock from yIo9 TO
/ $50 "a each: and
| Resolved, That the proper officers of
| this company be and they are hereby
/ authorized and directed to prepare and
/ present to tine State Corporation COM
| mission of Virginia a certified copy of
! these resolutions for an amendment to
! the charter of the company, and for the
/ reduction of the outstanding capital
! stock of the company. pursuant TO the
/ provisions of section { and section 10
| (as amended. Acts 1919, page Ts) of
! chapter T. OF an act of the General
Assembly OF Virginia, entitled AN Act
! Concerning Corporations" which be-
| came a law May 81. 1903.
j. r. PASCHALL. President.
/ tsesii
| Attest:
R. W. ROBERTS. Secretary.