The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-10-16
CERTIFICATE AUTHORIZING RE-
DUCTfoN OF OUTSTANDING STOCK
RY wINGO, ELI.ETT a CRUMP
SHOE COMPANY.
Office of the wingo. Elicit & Crump
Shoe Company.
ptchr,ont Va nat = fa1s


shoe Company,
Richmond Va Oct. !, 1919.
Certificate Ia HEREBY made that the
board OF directors at it's meeting held
September 20. 1912. by resolutions de-
clared it advisable to amend the
charter of the Winso. Elicit n 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
from 100000 10 s4Oe. 900. and to
change the par value of the shares of
common capital stock and second pre-
ferred stock from 800 each TO $50 2-3
each, and likewise declared 1t advisable
10 decrease the outstanding capital
stock of the corporation from $685., 800
TO s262,S90 by reducing the common
capital stock of the corporation and
the second preferred capital stock from
sf5e, 600 each to 100000 each by re-
ducing the par value Of the outstand-
Ing SHARES of each of said classes OF
stock from 500 to s66 % eacn and
called meeting Of the stockholders
AZ required by law 10 take RCtiOn
thereon; that at the meeting of the
stockholders of the said company so
called as aforesaid and held October
Z 1912, at which more than two thirds
IN interest of the stockholders OF eacn
OF the three classes of capital stock of
the company having voting power.
were present In person or by proxy.
ana at which more than two-thirds IA
interest OF the stockholders holding
eacn class of capital stock of the com
p6uJ voted therefor, the following re-
solutions were unanimously adopted:
Resolved. that section of tho
charter OF the WinEo, Elicit & crump
Snoe company as granted by the Cir
cnt court OF the city Of Richmond, Va,
ON the 2ith day of January, 1891. and
amended by the State Corporation com
mission of Virginia. on the 24th day of
June, 1904 and on the goth day of
- -, u
ed 80 that IL shall read as,follows. viz:
The capital stock OF said company
shall be not less than 100000 mini
mum. nor more than s400, 600 maximum.
OF which 5000. 900 par value, divided
into shares of 800 each, SHALL he first
preferred stock, and in case of liquida-
ton or dissolution of the company
shall be entitled to he first paid out OF
the assets of the company and shall
also be entitled TO & per cent an
nual eumula i've dividend, payable
before any other dividend is paid on
any other class of stock of the COM
pany; 100000 par value. divided into
shares OF the par value OF SIS 2-3 each
shall be second preferred capital stock
which shall be entitled to Il s per cent
annual, non cumulative dividend. free
or TAX, before any dividends are paid
on the common stock Of the company,
with ttte further right 10 said second
preferred stock Ia participate equally
In further dividends after the com
mon stock shall have been paid a like
dividend of per cent but the said
second preferred stock shall have pre-
ference only as to the annual dividend
of per cent, IL earned, and 100000
par value Of common capital stock
divided into shares of the par value
of $50 2-3 each. The minimum capital
stock required by the charter mac be
composed of any one or more classes
OF said stock"
And Resolved, That the outstanding
capital stock of this corporation be
reduced from $3e3.s0o. par value, TO
S262.soo. par value, by reducing the
ersfffgaosl' capital Htoek and the ssasurtyf
preferred capital stock from sI5e. eco
each. To 500 eco each, said reduction
to- be effected by reducing the par
value of the shares of each of the said
two classes of stock froal-Si96 TO
sks 3-3 each; : ard y-rtt.-v
Resolved, That the proper officers OF
this company be and they are hereby
authorized and directed to prepare and
present TO the 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 1912, page 7al of
chapter l. OF act of the General
Asgs mely of Virginia. entitled AN Act
Concerning Corporations" which be-
came a law May 81 1903.
tseaD
Attest:
h W. ROBERTS. Secretary.