The Coolidge examiner., 1942-04-17

II. Optlitt
Secretary
CORPORATE
SEAL
STATE OF NEW YORK
Comfy OF NEW YORK SS
BE IT REMEMBERED that on
this 10Th day OF February, 1885.
personally came before me. EN-
incline Dryer, a notary public in
and for the County and State a.
foresaid, duly commissioned and
sworn to take acknowledgement or
proof of deeds, Alden E. Stilson,
President OF Morse Boulger De-
structor Company. a corporation of
the State of Delaware, the corpor-
alton described in the foregoing
certificate, known to me personal
ly TO be such, and he. the said
Alden Z. Stilson, as such Presi-
dent duly executed said certificate
before me and acknowledged the
said certificate to be his act and
deed and made on behalf OF said
corporation; that the signatures of
the said President and OF the
Secretary OF said corporation to
said foregoing certificate are in
the handwriting of the said Presi-
dent and of the Secretary of said
corporation, respectively, and that
the seal affixed to said certificate
Is the common or corporate seal
OF said corporation, and that his
act OF sealing, executing. acknowl-
edging and delivering the said GER
tificate was duly authorized by the
stockholders of said corporation.
IN WITNESS WHEREOF, I
have hereunto set my hand and
the seal of office the day and year
aforesaid.
Emmeline Dryer
EMM.ELINE DRYER-Notary Pub
lie NY. Co. Clk's No. 191, Reg
No. 5D225
EMMELINE DRYER
NOTARY PUBLIC
NEW YORK COUNTY, NY.
CERTIFICATE OF REDUCTION
OF CAPITAL OF MORSE BOUL-
GER INSTRUCTOR COMPANY
adopted in accordance with the
provisions of Section % of
Chapter 65 of the Revised Code,
as amended, OF the state OF
Delaware.)
Morse Boulger Destructor Com
pany, a corporation organized and
existing under the laws of the
State OF Delaware, hereby certifies
as follows:
FIRST: That at a meeting of
the stockholders called pursuant
to a resolution of the Board of Di-
rectors in accordance with the pro-
visions OF Section 2S of the Gen
eral Corporation Law of Delaware,
the holders of record of majority
of all of the shares of capital
stock of the corporation outstand'
ing and entitled to vote, duly
adopted a resolution to reduce the
capital of the corporation from
One Hundred Thousand Dollars
($1O0,000.00) to Forty Thousand
Dollars (s4O,O0O.OO). said reduc
tion of capital to be affected in
the following manner:
The par value of the one thou
sand 10000 shares Of common
stock is reduced from One Hun
dred Dollars ($1O0.00) per share
to Twenty Dollars ($20.O0) pei
share, and new issue of two
hundred (20O) shares of preferred
stock, par value One Hundred
Dollars ($1O0.00) each, is provid
ed for. None of the common stocl
is to be redeemed or retired oil
purchased by the Company, mol
are any capital payments to bt
made thereon to any of the stock
holders, each common stockholdeI
to receive one % share Of com
: mon stock, par value Twenty Dol
lars (s2O0O) each, in lieu of on
| 1) share of common stock, pa
, value One Hundred Dollars ($1OO.
} O0) each, heretofore held by sait
common stockholders, and th'
capital stock account upon thu
, books of the Company to be re
, duced accordingly, the newly au
: thorized preferred stock to be useC
t either in payment of creditors O.
| to secure new capital for thu
: Company.
SECOND: The assets of the cor
, poration remaining after such re