The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1917-06-18
SPECIAL NOTICES
SPECIAL MEETING OF
STOCKHOLDERS

meeting of the stockholders Of Mo-
| nongahela Valley Traction Company
is hereby called to be held at the Of
flee of the company, Room No. 305,
Watson building, in the City of Fair
mont, West Virginia, on the 21st day
Of June, 1917, at II o'clock a. M, for
the purpose Of considering and acting
upon a resolution to be then and there
offered to increase the authorized cap
ital stock Of this company by increas.
ing the number of shares Of stock
thereof from One Hundred and TWEEN
ty-five Thousand (125.O00) shares Of
the par value of One Hundred dollars
100000 each to Six Hundred and
Forty thousand (640,000) shares Of
the par value Of twenty-five Dollars
(S25.00) each, thereby increasing the
number Of shares of Preferred Capt..
tai Stock from Thirty Thousand &c.,
000) shares of the par value of One
Hundred Dollars 100000 each to One
Hundred and Sixty Thousand (160,000)
shares of the par value Of Twenty.
five Dollars $25.00) each, and increas.
ing the number Of shares Of Common
Capital Stock from Ninety.five Thou
sand (95,0OO) shares Of the par value
of One Hundred Dollars ($10000) each
to Four Hundred and Eighty Thousand
(480,000) shares Of the par value OF
Twenty-Five Dollars (S25.00) each; so
that such authorized capital stock
shall hereafter be Sixteen Million Dol
lars ($16,O0O,0O0) instead of Twelve
Million Five Hundred Thousand Dol.
lars ($12,500,O00) as heretofore, and
so that the authorized Preferred Capt.
tai Stock shall hereafter be Four
Million Dollars (S4,O0O,0OO), consist
ing of One Hundred and Sixty Thou
sand (16O00O) shares of the par value
of Twenty-Five Dollars ($25.00) each
instead Of Three Million Dollars ($S,'
0O0,000), consisting of Thirty Thou.
sand (SO,O0O) shares Of the par value
of One Hundred Dollars ($10O,OOO)
each, and so that the authorized Com
mon Stock shall hereafter be Twelve
Million Dollars (S12,O00,0OO), consist
ing of Four Hundred and Eighty Thou
sand (4S0,0O0) shares of the par value
of Twenty-Five Dollars (S25.00) each
instead of Nine Million Five Hundred
Thousand Dollars (S9,5O0,000), consist
ing Of Ninety-five Thousand (95,OOO)
shares of the par value Of One Hun
dred Dollars ($100.0O) each, as here
tofore. And provided that the said
Preferred Capital Stock shall have the
same right to vote in stockholders
meetings as the Common Capital
Stock, and shall be entitled to per-
petual cumulative dividend Of Six Cen
tum Is per cent? per annum, and no
more, payable quarterly, when and as
declared by the Board Of Directors out
of the profits of the company before
any dividend shall be declared or paid
to any of the stockholders of the COM
pany other than holders of said Pre-
ferred Stock; the dividends which are
not declared or paid for any year to
pc paid out of the profits Of succeed
ing years before any dividend be de.
clared or paid to any stockholder OF
the company other than the holders
of said Preferred Stock, and, upon
LIQUIDATION or winding up of the com.
pany sale Preferred Stock to be paid
in full both as to principal and &C.
crued dividends before any payment
be made for or on account Of the Com
mon CAPITAL Stock. And providing fur
Their that holders of the outstanding
Five Per Cent. Is per cent? cumula'
tive Preferred Capital Stock OF the
company of the par value OF One Hun:
dred Dollars ($10000) por share shall
have the right and option to convert
such Preferred Capital Stock into the
Six Per Cent. (6 per cent? cumula'
tive Preferred Capital Stock OF the
company of the par value Of Twenty
five Dollars ($25.00) per share upon
the basis Of Three and Nine-twenty'
fifths q $3.50 shares Of said Six Per
Cent, rs per cent? cumulative Prefer.
red Gapital Stock for each share OF
said Five Per Cent. Is per cent?
cumulative Preferred Capital Stock SO
converted; such conversion to be Ell
fected by the surrender and cancelh'
tion Of the certificate or certificates
for such Five Per Cent. Is per cent?
cumulatiye Preferred Capital Stock so
converted and the acceptance Of said
six Per Cent. (6 per cent? cumulative
Preferred Capital Stock on said basis.
And provided further that holders OF
the present outstanding Common Capt.
tai Stock Of the,par value Of One Hun,
dred Dollars (S100.o0l per share shall
have the right and option TO convert
such outstanding Common Capital
Stock Of the par value Of One Hun
dred Dollars ($100,00l per share into
the new Common Capital Stock OF
the par value Of Twenty-Five Dollars
(Sg5.OO) per share on the basis Of four
III shares of said new Common Capt.
tai stock Of the par value of Twenty
Give Dollars (S25,0O) per share for
ach share OF said outstanding, Com.
ION Capital Stock of the par value Of
one Hundred Dollars ($100.0Ol per
share 60 converted; such conversion to
be effected by the surrender and can
collation. Of the certificate or certifi'
cates for such Common Capital Stock
so converted and the acceptance OF o
certificate or certificates for a cor.
responding amount Of the new Com.
mon Capital Stock Of the par value
Of Twenty-Five Dollars (S25,0O) per
share on said basis,
WALTON MILLER,