The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1913-08-20
Mineral Development
Company.
Certificate of Amendment of
Charter.

The MINERAL DEVELOPMENT
COMPANY hersby certiiios that
l. The said Company is corporation
chartered by an Act of the General
day of May, 1897. entitled IAN Act to
Incorporate the Mineral Development
Company
.. At meeting of the Board of
Directors of tho said Company. duly
called and held ON the 2Sth day Of May,
1918. the said Board unanimously passed
resolution declaring that en- amendment,
change or alteration in the Charter of
said Company decreasing the capital
stock of the Company from One Million
Dollars al ,0o0, 600 to Eight Hundred
aud Fifty Thousand Dollars $3.50, OOOl
was advisable, and calling meeting of
the stockholders TO take action upon the
proposed amendment, change OF altora-
ton at the Office of the Company nj Big
Stone Gap, County OF Wise and State
OF Virginia, on the Twenty day of
juno, 1918, at 10 o'clock NJ \ copy
of the said resolution, marked Exhibit
y Is annexed hereto and made part
hereof
$. Notice OF the meeting of stoclhold-
ers 50 called was given ia writing 10 each
of the stockholders of the said Company
by serving the same on him personally or
by mailing the SAME 10 him to his last
known pOstotllce address, at least ten days
prior to said meeting The said notice
stated the time and place of the meeting
aud Its object = copy of the said notice,
marked Exhibit B" is hereto annexed
and made part hereof
T. The said meeting of stockholders
was held at the place and time specified
III the resolution aud notice herein he
fore mentioned, and at the said meeting
al l.
ing the total outstanding capital stock OF
the said company which consists Of 1000
shares
In person stockholders hold
By proxy stockholders hold
ing ... s,09i shares
Total s,iOo shares
being considerably more than two-thirls
in interest of the stockholders having
voting power
. Al the said meeting of st0okhnldcrs
all of the stockholders present IN person
or by proxy being the said holders of the
said $ 100 shares or moro than two thirds
IN interest of all the stockholders having
voting power, voted in favor of The
amendment change or alteration aiorc-
said, and nu shares were voted against
lNr
change M alteration The said amend
ment, change or alteration 80 adopted hy
the stockholders, was set forth ia mll 10y
them In a resolution in the following
form. viz
Resolved Tina, iwo-thiris IN interest
of the Stockholders OF the Mineral
Development Company having voting
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, decreasing the au-
thori2ed maximum capital stock ur the
Company from one Million Dollars
81 600 900 Ia Eight Hundred and fity
Thousand Dollars $3.50 900, as set forth
~ the following resolution adopted hy
the Board of Directors of the said Com
Iany AT their meeting held on the 2Sth
day oi May, iDi3, hereby approving aud
raiify:ng the same viz,
"Rcsolyo!, That an amendment change
or alteration ~ the Charter of this Com
pany, decreasing the capital stock from
'l,bOO0. 900 60 $50 900, and the par value
Of the shares into which ;hc said capital
stock is divided from 400 tn Ssi is advis
able. 80 that when the said amendment,
change or alteration shall become effect
i've, this Company shall make distrihu.
ton OF ala per share To- all holders of its
capital stock. on account Of and IN re
duction of, the amounts actually paid In
on the said shares aud Section . of the
Charter of the Company. which, as
amended 10y resolution adopted by the
stockholders OF the Company on May list
1919, reads as follows
- The capital stock OF ihe said Com
IAny shall not be- less than iifty thousand
dollars, aud may be increased to any
amount not exceeding one million dollars
Dy issue and e4ip nf sts a rn. tl,n nar ,.t,,n