The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1913-08-13
Mineral Development
Company.
Certificate of Amendment of
Charter.
The MINERAL DEVELOPMENT
COMPANY hereby certifrs that

tEc III N fshAl4 INV ials'l VI r y U
COMPANY hereby certifics that
l. The said Company is a corporation
chartered by an Act of the General
Assembly of Virginia, approved the 23rd
day OF May. 1887. entitled IAN Act Ia
Incorporate the Mineral Development
Company
? At meeting or the BOARD OF
Directors of the said Company. duly
called and held ON the 2Sill day of May.
1918, the said Hoard unanimously passed
resolution declaring tina, an amendment,
change or alteration In The Charter of
said Company decreasing the capital
stock of the Company from One Million
Dollars Csl 900 900 TO High, Hundred
and Fifty Thousand Dollars $3.50. OO0l
was advisable, and calling meeting of
the stock holders to take action upon the
proposed amendment, change or allcra-
ton at the office of the Company at Big
Stone Gap, County of Wise aud Stale
OF Virginia ON the Twenty -thirl day of
June, 1918, at IL O'Clock VI 4 copy
OF the said resolution. marked "kNhibi,
Is annexed hereto and madc part
Hereof
3 Notice of the meeting of siockhold
ere 81 called was given in writing To each
Of the stockholders of the said Company
by serving the same Ola him personally or
by mailing the same 10 him tn his last
known postoiiloc address at least ten DAYS
prior to said meeting The said notice
stated the time and place Of the meeting
and It's object a copy OF the said notice,
marked Exhibit b. is hereto annexed
and made part hereof
1 The said meeting Of stockholders
was held al the place aud time specified
In the resolution and notice herein he
fore mentioned, aud at the said meeting
there We're picScni, of stockholders hold
ing the total outstanding capital stock of
the said company which consists OF IL, OOG
shares
In person stockholders hold
ing = shares
by proxy stockholders hold
ing .,....4... 5000 shares
Total ... s,iOo shares
being considerably more than two-thirds
IN interest OF The stockholders having
voting power
. At the said meeting cf stockholders
all of the stockholders present In person
OF 10y proxy being the said holders of the
said loo shares. OF more Than two.thirls
in interest OF all the stockholders having
voting power, voted In favor of the
amendment, change or alteration alorc-
tile adoption of the said amendment.
change ~ alteration The said amend
ncnt, change or alteration So adopted by
the Stockholders, was set forth Ia full hy
them In a resolution IN the following
form, via
Resolved, That two Thirds In intcrcs,
of the Stockholders Of the Mineral
Development Company having voting
power, dc hereby vote In favor ot the
amendment change or alterations advised
by the Board of Directors ia the Charter
Of the said Company, decreasing the au
thorzcd maximum capital stock nf the
Company from one Million Dollars
Cil,on.uiO to Eight Hundred and fry
Thousand Dollars $500 an, as set forth
in tie following resolution adopted los
the l'oani of Directors of the said Com
paly at their meeting held ON the 2Sth
day of May. 1913, hereby approving and
raiiHing the same, viz.
Resolved, That an amendment change
ot alterations IA the Charicro r this Com
pany decreasing the capital stock from
" uuDO uOu to $3.50 900. and the p,r value
OF the shares into which the said capitai|
stock is divided from slO0toSSl Is adyiS.
able, So THAI when the said amendment
change or alteration shall become elect
i've, this Company shall make distrihu
ton ut $40 lTr share To- all holders ot It's
capital stock on account OF Ani IN re-
dnotion Of the amounts actually paid la
on the said shar'S aud Section .. Of the
Charter of the Company which, as
amended by resolution adopted 10y the
STOCKHOLDERS of the Company ON May LIST
1912. reads As follows.
"e me capital stock of The said Com.
pany shall NOT bo less than 0ny thousand
dollar, and may be- Increased la any
anoun, not exceeding one million dollars
by isaue and sale of shaps the par value
of which shall not be less than hriy dol
lars. from sine to time, under such regu-
lA;ions As the Hoard OF Directors of said
Company shall from time Ia time prn-
scribe; aud the Directors may receive
resi- or personal property suitable to the
business of the Company IN payment of