The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-03-13
LEGAL NOTICE.
CERTIFICATE FOR AMENDMENT
TO THE CHARTER OF THE CON-
TINUOUS CASTING CORPORATION
OF VIRGINIA.

OF VIRGINIA.
The Continuous Casting Corporation.
a corporation duly created under the
provisions of chapter of AN Act
Concerning Corporations" which be-
came a law May 81, 1903. the certif-
cate of incorporation of which was
lodged for recordation in the office
of the Secretary of the Comm onwealth
! of Virginia on the 9Th day of May.
1914 and which was amended by the
fling of certificate with the Secre-
{ tary of the Commonw ealth of yir-
ginia on the 2sth day of December,
1915. desiring to havt Its charter
amended In the respect hereinafter
CURED by law through Its president
and under its corporate seal, attssted
by it's secretary and sets out:
That there was duly held on the
| 18th day of January, 1919. In the city,
county and State of New York. after
due notice TO all OF the directors, a
meeting of the board of directors of
tho said corporation, at which meet
ing the said board OF directors unani-
mouSiy passed a resolution as follows
namely:
Resolved, That II is advisable to re-
duce the maximum amount OF the capt.
! tai stock OF the corporation to one
million. two hundred and fifty thou
sand dollars S1.25o,o0o). and to Gre
ate two classes of stock In lieu of the
existing four classes of stock by
amending Article " of the certificate
of incorporation ef the corporation so
| that 1t shall read as follows;
| Article Nv. The maximum amount of
the capital stock of the corporation
is to be one million two hundred and
| fifty thousand dollars Oi.a5o.ooo) TO
consist OF preferred stock of the par
value OF five hundred thousand dol
lars (s5oo.ooo). divided into twenty
thousand 100000 shares OF the par
yalue of twenty-five dollars $3.50
Zach, and common stock OF the par
salue of seven hundred and nifty thou
sand dollars (ST60.000), divided into
thirty thousand 100000 shares of the
par value OF twenty Ave dollars ts25)
each.
The minimum amount of the capt.
tai stock of the corporation Is to be
one thousand dollars H1 ,000)
| The preferred stock shall have no
power to vote for the election of di-
rectors. except as herein provided. and
shall have preference eSef-the-eofn-
mon stock as to dividends to ths ex-
tent of cumulative dividends at the
rate of eight per cent. s%) per an
mum from date of issue and also shall
participate. share for share. with the
common stock In any excess OF divi-
dends over twelve per cent. u2es) on
the common stock paid in any calendar
year.
In case the cumulative dividends of
eight per cent (S%o) on the preferred
stock shall be in arrears for periods
aggregating two CD years, then the
preferred stockholders alone shall
thereafter have the right to elect at
. ~ -
the number of directors to be elected.
until the net surplus OF the corpora
ton shall be sufficient to pay all ar
rears In the cumulative dividends on
the preferred stock.
The common stock, subject to the re-
stricted voting right of the preferred
stock, shall have full voting power.
and subject to the preference of the
preferred stock, as to dividends. shall
be entitled to any further dividends
that may be paid In any calendar year
to the extent of twelve per cent 12To)
per annum. after which the preferred
stock and the common stock shall par
ticipate, share for share, in any fur
ther dividends.
In case or liquidation, dissolution or
other distribution of assets, except by
payment of dividends. tho preferred
stock shall have preference as to assets
over the common stock to the extent
of it's par value and unpaid accrued
dividends, and any further distribution
of assets shall be applied to the COM
mon stock to the extent of Its par
value. after which both the preferred
stock and the common stock shall par
ticipate, share for share. in any fur
ther distribution Of assets.
The preferred stock AL not be
subordinated to any other class of
stock as to dividends or assets, nor
shall the amount OF the preferred
stock be Increased. or any mortgage
bonds be issued; except with the at
firmative vote of two-thirds (2-3) in
amount of the preferred stock then
outstanding.
And the said board of directors
thereupon ordered a meeting of the
stockholders to be called for the 2e.h
day of January, 1915, according to law,
and to take action upon the foregoing
proposed amendment to the charter of
the corporation.
That thereafter. on the 26th day of
February, 1919. to which date the
meeting had been duly adjourned. a
special meeting Of the stockholders
of said corporation was held at the
principal office Of the corporation In
the city of Richmond, Henrico Coun-
ty, Virginia. pursuant to such call of