The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-01-06
LEaxn NOTICE
office OF

office OF
secretary OF the Commonwealth,
cERr1FrcATE AtrHoRiziNG DE-
CREASE AND RETIREMENT OF
STOCK BY TOBACCO PRODUCTS
CORPORATION.
Richmond. Va. Dec. 2s, 1914.
The undersigned. being respectively
q vice-president and the secretary OF
Tobacco Products Corporation. n cor
poraticn organised under the laws OF
Virginia, do hereby certify as follows:
ID That the board OF directors OF
the said corporation at a meeting duly
held on December ~, 1914 declared 1t
advisable to reduce the outstanding
preferred capital stock Of the corpora
don from eighty thousand (s0.00o)
shares OF the par value Of one hundred
dollars N100) each to seventy thousand
t70,08e) shares of the par value Of one
hundred dollars U1oo) each. such reduc-
ton to be accomplished by the retire.
ment of ten thousand 100000 shares of
corporation and purchased By II for
that purpose; and called special
meeting of the stockholders. as re-
CURED by law. to take action thereon:
60 That notice in writing of
such meeting. stating the time and
place of the meeting. Its object and
the amount by which 1t is proposed
TO decrease the capital stock, was given
to each stockholder of record. by mall
ing it to him. addressed to the postof-
flee 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
go That a meeting of the stock
holders of said corporation so-cailed
as aforesaid was held December IS,
1914: at which more than two-thirds
corporation entitled to vote were
present 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 that mentioned in such no
tice and which was not less than
ital of the corporation. and unani-
mously adopted tho following resoiu-
ton;
whereas by its amended charter
outstanding total of 100, GOO shares Of
eommon capital stock and a total Of
10000 shares of preferred capital
stock: and
ferred capital stock. 10000 shares have
heretofore been purchased by this cor
poration at the fair market value
thereof, not exceeding par. for the pur-
pose of retirement and are now owned
by this corporation; and
Whereas. the actually issued and
outstanding stock of this corporation
has been found to he more than suffi-
cient for it's purposes. and II Is believed
to be for the best interests of this cor
poration to decrease it's outstanding
preferred capital stock to 10000 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 1t
Resolved. that such decrease of the
s sea shed S5 reduei D't the ou It.
standing preferred capital stock as
aforesaid from $4,000 shares of the par
value Of 500 each to 10000 shares Of
the par value Of s1oe each by retir-
ing and cancelling 10000 shares OF
the preferred capital stock owned by
this corporation and purchased by 1T
for that purpose: and
Further resolved. that thu officers
of the corporation be and they hereby
are authorized, empowered and di-
rected to take such further action and
to execute such certificates, papers and
other documents rs in their discretion
guarded necessary or expedfent to de-
crease the capital stock by the retire
ment Of the preferred stock, as afore-
said. and particularly, but In no. wise
a vtce-president of the corporation. and
Gray Miller, secretary OF the corpora
tion.-&Je hereby authorised. empow cred
and effected to execute on behalf Of
the corporation. certificate In sub
stantially the form submitted to this
meeting. and to affix the corporate
seal thereto.
In witness whereof, we have hereunto
set our hands and seal of the corpora
tion this 2sth day OF December, 1914
GEORGE l.. STORM
Vice President
(Seal1
Attest: