The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1913-07-23
Mineral Development
Company

The Mineral Development Company
hereby certiiir- that
l. Tie said Company is a CORPORA
ton chartered hy an act OF the General
Assembly of Virginia approved the 23rd
day of May. 1887 entitled IAN Act 10
Incorporate the Mineral Development
Company
At a meeting of the Board of III
rcctor- OF the said Company, duly called
aud held ON the ist day of March l9l9
the said Board unanimously passed
resolution declaring THAT an amendment
change or alteration IN the Charter of
the said Company decreasing the au-
thorised maximum capital stock of the
said Company from Two million live
hundred thousand Dollars - 800. OJO.
oO) to One million Dollars II 900 900 OOl
WAS advisable. and calling a meeting Of
the stockholders to take action upOn
the proposed amendment change or al
teation ai the office of the Company. at
Big Stone Gap. County of Wise and the
state of Virginia. on the First DAY of
May 1872, ut II o'clock NJ \ copy of
The sand resolution marked Exhibit
y rs annexed hereto and made part
hereof
3 Notice OF the meeting of stock
holders 50 called WAS given in writing
10 each OF the stakeholder, of the said
Company by serving the same ON him
personally or hy mailing the same io|
INN 10 his last known post office ad
dress. at least ten days prior la said
meeting The said notice stated the
time and place of the meeting and its
object a copy of the said notice
marked ENhihit B Is hereto annexed
ANA made part Hereof
The said meeting of stakeholder.
wa, held az the place and time sp,ci
hod in the resolution and notice herein
before mentioned and at the said meet
ing there We're present Of stockholders
holding the total outstanding capital
stock oi the said Company which con
sisis of 10000 shares.
ia person stockholders hold
ing share,
and lay pr0Ny stockholders
holding 500 shares
Total SOFA Share,
being together considerably more than
two thirds in interest of the stocck.
holders having voting power
. AT the said meeting of stockhold
ers all of the stockholder, present IN
person or hy proxy being the said hold
ers of the said SOFA shares. or more than
two thirds IN interest of all the stock
holders having voting power voted in
favor 90 the amendment. change or l
teration aforesaid. and no shares were
voted against the adoption Of the said
amendment change or alteration The
said amendment chance or alteration
50 adopted by the stockholders was SET
forth IN fuil by them in q resolution in
the following form viz:
RESOLVED That two third, ifi
interest of the STOCKHOLDERS uf the Min
cai Development Company having vot
ing power, do hereby vote in favor Of
the amendment, change or alteration
advised by the Board OF Directors IN the.
Charter of the said Company. decrcas
I ing the authorized maximum capital
stock of the Company from Two mil
lion tive hundred thousand Dollars
/ - aO0, 600 O0l TO One million Dollars
/ lSl.OOO, 900 90 rs set forth in the follow
/ ing resolution adopted by the Board Of
! Directors of the said Company al their
meeting held ON the First lay of March.
/ lNi2- hereby approving and rAtifying
! the slmc VIZ.
| RESOLVED. that AN amendment
l e44fNFhh W NAA'inAA III the tDtltfE Oi
this Company decreasing the author
iAed maximum capital stock of the com
| pany from Two million. five hundred
thousand Dollars Cs2. 5000, OK. 90 To One
million Dollars ISL ,OcO. 600. 90 is adyis;,.
l bic, 80 that Section of the charter of
the Company wiz: the act Of the Gen
eral Assembly of Virginia. entitled An
Act 10 incorporate the Mineral Devel-
I opment Company, approved the 23rd
day Of May, 1851 which reads as fol
| lows.
90. The capital stock of the said
Company shall not be less than Fifty
thousand Dollars and may he increased
10 any amount not exceeding two mil.
lion. five hundred thons,nd dollars bv
issue and sale of shares. the lAr yaim,.
of which Shall not rs less than ffty
dollars from time TO time under such
regulations rs The Board of Directors of
said Company shall, from time to time
prescribe; and the Directors may ~
ceiVe real or personal property suited Ia
tlu business Of the Company in pay
ment OF subscriptions To the canit.u
stock, AT such valuations rs may be