The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-01-13

SAID CORPORATION Dy FeuuCink the du-
thorised capital stock OF each class to
the amount thereof issued. and fer the
retirement of said 10000 shares OF pre-
ferred stock, to wit: BY reducing the
shares, Of the par value of 500 each,
to 100000 shares. OF the par value OF
S1oo each. and the authorized preferred
stock from 100000 shares, OF the par
value Of 500 each, to 10000 shares, OF
the par value OF 500 each, such re-
ductfon to be accomplished In part by
the retirement Of said 10000 share OF
preferred stock. and also called me
holders. as required by law. to take
action thereon.
ca That d notice in writing OF such
meeting. stating the time and place s
amount to which 1t was proposed to
decrease the capital stock. was given
to each stakeholder OF record BY mail
Ing 1t TO him, addressed to the post
office nearest his place of residence,
as ii appears upon the stock books OF
the corporation. at least ten days prior
to said meeting. to wit On the lsth
day OF December, 1913.
f3) That a meeting of the stock
holders of said corporation, so called
as aforesaid, was held December ".
1913, at which more than two-thirds
In amount of the stockholders OF the
corporation entitled to vote were pres
emit in person or by proxy.
% 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 decreasing the
capital stock to an amount not less
than the amount mentioned In such
notice, and which was not less than
the minimum amount OF authorized
capital Of the corporation. and unani-
mousiy adopted tho following resolu-
tion:
this corporation a total of 10000
shares OF common capital stock out
Of a total of 100000 shares authorized
by it's charter. and total OF loe.eoe
of a total OF 100000 shares authorized
by its charter; and.
whereas. OF said 100000 shares OF
preferred capital stock so issued. ~. aoo.
shares have heretofore been purchased
by this corporation. at the fair mar
ket value thereof, not exceeding par.
for the purpose of retirement. and are
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 its purposes; and,
best interests OF this corporation to de-
crease the authorized common capital
stock to 10000 shares. and the au-
thorized preferred capital stock to 3d.
600 shares. and.
Whereas. such decrease will not de-
crease the capital stock of this cor
poration to less than the minimum
fixed by its charter; now. therefore. be
Ii
Resolved, That the first paragraph Of
Article -Four Of the Charter, Ms granted
by the Department of the state Cor
peration Commission, of the Common
wealth Of Virginia, at the City OF Rich
nond on October 16, 1912, be and the
same Is amended so that 1t shall read
as follows:
capital stock OF the corporation shall
be three hundred dollars $500. d.
vided into three t3) shares OF pre-
ferred stock. of the par value OF one
hundred dollars 01ool each, and the
Of the corporation shall be twenty
four million dollars tS24.oo0. oo0).. di-
vided into one hundred and sixty thou
stock. Of the par value Of one hundred
dollars {sI0e) each. and eighty thou
sand shares tso.ooo) of the preferred
stock of the par value OF one hun
dred dollars t&1oO each; and
Resolved. That such decrease OF the
capital stock OF this corporation be
accomplished by reducing the au-
thorixed common capital stock from
10000 shares. OF the par value OF 800
value OF 500 each. and by reducing
the authorized preferred capital stock
from 100000 shares, OF the par value
of 800 each, to 80. 900 shares. OF the
OF such reduction by retirement and
eancelling 5000 shares of the preferred
capital stock now owned by this cor.
poration and purchased by II 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
ticularly, but without In any wise
limiting the above, George l.. Storm. a
vice president Of the corporation. and
MIR Gray Miller. secretary Of the cor
poration. are hereby authorized. EN-
powered and directed to execute on
behalf Of the corporation certificate,
Fin substantially the form submitted to
this meeting. and to affix the cor
porate seal thereto.