The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-01-20

the par value Of 300 each such re-
ductfon to be accomplished In part by
preferred stock. and also called the
same special meeting of the stock
holders. as required by law. to take
action thereon.
(2) That notice in writing of such
meeting. stating the time and place
Of the meeting, its object, and the
amount to which II was proposed to
decrease the capital stock. was given
Ing 1t to him. addressed to the post
office nearest his place OF residence:
as 1t appears upon the stock books OF
the corporation. at least ten days prior
to said meeting, to wit: On the 18TH
day of December, 1918.
(3l That a meeting of the stock
holders of said corporation, so called
as aforesaid was held December 30
1913, at which more than two-thirds
in amount of the stockholders OF the
corporation entitled to vote were pres
ent in person or by proxy.
90 That at such meeting more than
two thirds in amount of all the stock
holders of the corporation. entitled to
vote. voted in favor of decreA lng the
capital stock to an amour: not less
than the amount mentioned in such
notice, and which was not less than
the minimum amount of authorized
capital of the corporation, ana unani-
mously adopted the following resoiu-
ton.
Whereas, there has been issued by
this corporation total of 10000
shares of common capital stock out
by its charter. and total of 100000
shares of preferred capital stock out
of total of 200. 900 shares authorized
by Its charter; and.
Whereas, of said 100. 900 shares of
preferred capital stock so issued, 10000
shares have heretofore been purchased
by this corporation, at the fair mar
ket value thereof. not exceeding par,
frxr I,e re ttras n a ~
now owned by this corporation; and,
Whereas. the actually issued and
outstanding capital stock of this cor
poration has been found to be more
than sufficient for it's purposes; and,
Whereas, 1t is believed to be for the
best interests of this corporation to de-
crease the authorized common capital
stock to 10000 shares. and the au
thorized preferred capital stock to so.-
600 shares; and,
whereas, such decrease will not de-
crease the capital stock of this cor
poratiop to less. than the minimum
II
Resolved. That the first paragraph of
Article Four of the Charter, as granted
by the Department of the State Cor
poration Commission, of the Common
wealth of Virginia, at the City of Rich
r;ocd. on October is, 1912, be and the
same is amended so that it shall read
as follows
Fourth: The minimum amount Of
capital stock of the corporation shall
be three hundred dollars N3oo), d.
vided, into three ts) shares Of pre-,
hundred dollars $500 each, and the
maximum amount OF the capital stock
OF the corporation shall be twenty
four million dollars 1924. 0o0.o0o), di-
vided into one hundred and sixty thou
sand shares (ls0.e00) of the common
stock. of the par value OF one hundred
dollars $1,000 each and eighty thou
sand shares (S0,0001 of the preferred
dred dollars fsioo) each; and
Resolved That such decrease OF the
capital stock OF this. corporation be
accomplished by reducing the an-
thorized common capital stock from
500 900 shares. OF the par value of 500
each. TO $50, 900 shares, OF the par
value Of 800 each, and by reducing
from 10000 shares, of the par value
of 800 each, to $4,000 shares, of the
par value of $500 each, and as a part
OF such reduction by retirement and
capital stock now owned by this cor
poration and purchased by 1t for that
purpose as aforesaid.
Resolved, That the proper officers OF
this corporation be, and they are
hereby. authorized and directed TO pre-
pare and present to the proper au-
thorities any and all notices certifi-
Gates. statements or other instruments
necessary or expedient to carry out
the intent OF these resolutions and the
reduction and retirement of the capt
tai stock as herein indicated, and par
ucularly, but without in any wise
limiting the above. George L. Storm. q
vice president of the corporation. and
Mr.. Gray Miller secretary of the cor
poration. arc hereby authorized, en-
powered and directed to execute on
behalf Of the corporation certificate.
In substantially the form submitted to
this meeting, and to affix the cor
porate seal thereto.
GEO. l.. STORM.
Fice-Prestdent.
(Seai), Attest:
Gray Miller, Secretary.