The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-01-13
LEGAL NOTICE

Office or
Secretary of the Commonwealth.
Richmond Virginia.
CERTIFICATE AUTHORIZING DE-
CREASE AND RETIREMENT OF
STOCK BY TOBACCO PRODUCTS
Richmond. Va, Dec. %, 1914
The undersigned. being respectively
a vice-president and the secretary of
Tobacco Products Corporation. a cor
poration organized under the laws of
Virginia, do hereby certify as follows:
Cd That the board OF directors of
the said corporation at a meeting duly
held on December -. 1914 DECLARED IT
advisable to reduce the outstanding
preferred capital stock OF the corpora
ton from eighty thousand 100000
shares of the par value of one hundred
dollars tS100) each to seventy thousand
t70, 000 shares of the par value of one
hundred dollars 5000 each, such reduc-
tion to be accomplished by the retire
ment Of ten thousand G0,0oe) shares OF
preferred stock. now owned by said
corporation and purchased by II for
that purpose; and called special
meeting of the stockholders. az re-
CURED by law, to take action thereon.
CD That a notice in writing of
such meeting, stating the time and
place or the meeting, It's object and
the amount by which IL is proposed
to decrease the capital stock. was given
to each stakeholder OF record. by mail
/ Ing it to him. addressed to the postof-
flee nearest his place OF residence, as
IT appears upon the stock books of
prior to said meeting, to witt on the
18th day of December. 1914.
f3) That meeting OF the stock
holders of said corporation so-cailed
~ aforesaid was held December 2s,
1914; at which more than two-thirds
in amount OF the stockholders OF the
corporation entitled to vote were
present In person or by proxy.
hat . 10
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
the minimum amount Of authorized cap
ital of the corporation, and unhni-
mously adopted the following resolu-
ton
Whereas, by its amended charter
this corporation now has issued and
outstanding a total of 1876. 900 shares of
common capital stock and a total Of
10000 shares of preferred capital
stock. and
Whereas, of said 81. eco shares of pre-
ferred capital stock. 10000 shares have
heretofore been purchased by this cor
poratior 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
iNutEktfIfHk STOCK OF inns corporation
has been found to be more than suffi-
clent for its purposes. and II is believed
to be for the best interests of this cor
poration to decrease its outstanding
preferred capital stock to 10000 shares
and
Whereas such decrease wall not de-
crease the capital stock of this cor
poration TO less than the minimum
fixed by its charter:
Now, therefore. be Il
Resolved. that such decrease OF the
capital stock of this corporation be
accomplished by reducing the out
standing preferred capital stock as
aforesaid from 10000 shares of the par
value of s1eo each 70 10000 shares OF
the par value of sl0e each by retir-
ing and cancelling 10000 shares Of
the preferred capital stock owned by
this corporation and purchased by it
for that purpose; and
Further resolved, that the officers
OF the corporation be and they hereby
are authorized. empowered and III
rected to take such further action and
to execute such certificates papers and
other documents as in their discretion
and on advice of counsel may be re-
garded necessary or expedient TO de-
crease the capital stock by the retire
ment of the preferred stock. as afore-
said, and particularly but in no wise
limiting the above. George l.. Storm.
a vice president of the corporation, and
Gray Miller secretary OF the CORPORA
tion, are hereby authorized. empowered
and directed to execute on behalf of
the corporation, a certificate In sub
stantiaily the form submitted to this
meeting. and to affix the corporate
seal thereto.
In witness whereof. we have hereunto
act our hands and seal OF the corpora
ton this 2sth day of December. 1914.
GEORGE l. STORM,
Vice President
tseal,
Attest: