Milford chronicle., 1942-05-08
CERTIFICATE OF REDUCTION
OF CAPITAL OF
SUSSEX GAS COMPANY

SUSSEX GAS COMPANY
sussex GAS COMPANY, a CO..
poration organized and existing III
der the General Corporation La
of the State of Delaware, DOE
HEREBY CERTIFY as follows:
FIRST: That at meeting of tn
Board of Directors of said SUISSE
Gas Company duly convened an
held on April 6, 1912, a resolutio
was duly adopted setting forth an
declaring advisable a proposed re
duction of the capital of said Coz
poration, and the manner and ex
tent of such reduction, as follows
"RESOLVED that it is here
by declared advisable that the
capital of this Corporation now
represented by One thousand
nine hundred and ten Q,910)
outstanding shares of the par
value of Twenty-Five dollars
1$25) each of Preferred Stock
and One thousand one hundred
and eighty (1,180) outstanding
shares of the par value of
twenty-five dollars ($25) each
of Common Stock, amounting
in the aggregate to Seventy
seven thousand two hundred
and fifty dollars ($77,250) be
reduced lin conjunction with
appropriate action under Sec
tion 26 of the General Corpor-
alton Law of Delaware as
amended) to Five thousand dol
lars $4,000; and that such
reduction shall be effected O
by the exchange and reclassi-
fication of each outstanding
share of the par value of
Twenty-Five dollars ($25) of
Preferred Stock of the Corpor-
alton into One-fifth Qi5) of
lone share of the par value of
Ten dollars ($10) per share of
Common Stock of the Corpora
ton, and t2) by the exchange
and reclassification of each
outstanding share of the par
value of Twenty-Five dollars.
($25) of Common Stock of the
Corporation into One-tenth
(1I10) of one share of the par
value of Ten dollars ($10) per
share of Common Stock of the
Corporation; the extent of
such reduction or Seventy-two
thousand two hundred and fifty
dollars ($72,250) to be trans
ferred from capital to surplus;
and calling a meeting of the stock
holders of said Corporation entit-
ed to vote in respect thereof, for
he consideration of the said re-
iuction of capital.
SECOND: That pursuant to the
aforesaid resolution of its Board of
a meeting of the stock
holders of said Corporation was
luly convened and held on April
q, 1912, and at said meeting the
'eduction of capital so declared
Idvisable was adopted by the af-
vote of the holders of in
ixcess of majority of the shares
# each class of stock of the Cor
'oration then outstanding.
THIRD: That the assets of the
remaining after such
eduetion are sufficient to pay any
lebts of the Corporation
IN WITNESS WHEREOF, SUS-
iEX GAS COMPANY has caused its
seal to be affixed hereto
nd this certificate to be signed in
Is name by James Piper, its Vice
and James Piper, Jr., its
all on April II, 1912.
SUSSEX GAS COMPANY
By James Piper
Vice-President
By James Piper, Jr.,
Secretary
tate of Maryland,
ity of Baltimore, IS:
BE 1T REMEMBERED that on
mis- 18th day of April, 1912, person
lily came before me, Notary Pub
C in and for the State and City
James Piper, Vice-Pres-
lent Of SUSSEX GAS COMPANY,
corporation of the State of Della
are, the corporation described in
nd which executed the foregoing
known to me personally
, be such, and he, the said James
iper, as such Vice-President duly
zecuted said certificate before me
nd acknowledged the said certifi-
lte to be his act and deed and the
It and deed of said corporation;
lat the signatures of the said
and of the Secretary /
said corporation to said fore
ping certificate are in the hand
riting of said Vice-President and /
scretary of said corporation re-
,ectively, and that the seal affixed
said certificate is the common
corporate seal of said corpora
On, and that his act of sealing,
acknowledging and de-
nering the said certificate was
lily authorized by the Board of
lrectors and stockholders of said
IN WITNESS WHEREOF, I have
,reunto set my hand and seal of
Rce the day and year last above
ritten.,
MARGARET P. TUGWELL
Notary Public
Baltimore, Md.
My Commission Expires on May
194S. a24-St