Milford chronicle., 1942-05-01
CERTIFICATE OF REDUCTION
OF CAPITAL OF
SUSSEX GAS COMPANY


SUSSEX GAS COMPANY, q col
poration organized and existing III
der the General Corporation La
of the. State of Delaware, DOE
CERTIFY as follows:
FIRST: That at a 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
of the capital of said Cor
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 (1,910)
outstanding shares of the par
value of twenty-five dollars
($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 (S77, ,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 ($5,000); and that such
reduction shall be effected (D
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 (1I5) of
one share of the par value of
Ten dollars ($10) per share of
Common Stock of the Corpora
ton, and ~ 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;
nd calling a meeting of the stock
olders of said Corporation entit-
I'd to vote in respect thereof, for
he consideration of the said re-
uction of capital.
SECOND: That pursuant to the
foresaid resolution of it's Board of
directors, meeting of the stock
olders of said Corporation was
uly convened and held on April
Z, 1912, and at said meeting the
eduction of capital so declared
1visable was adopted by the af-
rmative vote of the holders of in
xcess of a majority of the shares
each class of stock of the Cor
Oration then outstanding.
THIRD: That the assets of the
remaining after such
,duction are sufficient to pay any
ebts of the Corporation.
IN WITNESS WHEREOF, SUS-
Elk GAS COMPANY has caused its
,rporate seal to be affixed hereto
Id this certificate to be signed in
5 name by James Piper, its Vice
resident, and James Piper, Jr., it's
ecretary, all on April II, 1912.
SUSSEX GAS COMPANY
By James Piper
Vice-President
By James Piper, Jr.,
Secretary
ate of Maryland,
ty of Baltimore, IS:
BE 1T REMEMBERED that on
is 18th day of April, 1912, person
ly came before me, a Notary Pub
, in and for the State and City
oresaid, James Piper, Vice-Pres-
ent of SUSSEX GAS COMPANY, |
corporation of the State Of Della
ire, the corporation described in
d which executed the foregoing |
rtificate, known to me personally
be such, and he, the said James
per, as such Vice-President, duly
ecuted said certificate before me
d acknowledged the said certifi-
te to be his act and deed and the
/ and deed of said corporation;
at the signatures of the said
ce-President and of the Secretary
said corporation to said fore
ing certificate are in the hand
fting of said Vice-President and
cretary of said corporation re-
ectively, and that the seal affixed
said certificate is the common
corporate seal of said corpora
n, and that his act of sealing,
scuting, acknowledging and de-
ering the said certificate was
ly authorized by the Board of
rectors and stockholders of said
'poration.
IN WITNESS WHEREOF, l have
reunto set my hand and seal of
ce the day and year last above
itten.
MARGARET P. TUGwELL
Notary Public :
Baltimore, Md.
Nv Commission Expires on May