The Coolidge examiner., 1942-05-08

(Signed) r. II. Spence
Secretary
CORPORATE
SEAL
STATE OF NEW YORK
Comfy OF NEW YORK IS
BE 1T REMEMBERED that on
this 18th 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 f. 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. 5D226
EMAELINE DRYER
NOTARY PUBLIC
NEW YORK COUNTY, NY.
CERTIFICATE OF REDUCTION
OF CAPITAL OF MORSE BOULr
GER INSTRUCTOR COMPANY
adopted in accordance with the
provisions OF Section 2S 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 28 of the Gen.
eral Corporation Law of Delaware
the holders of record of a 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
($100,000.00) to Forty Thousand
Dollars 100000, said reduc-
ton 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 (S100.00) per share
to Twenty Dollars $4,000 per
share, and a new issue of two
hundred (200) shares of preferred
stock, par value One Hundred
Dollars (s1Oo.00) each, is provid-
ed for. None of the common stock
is to be redeemed or retired or
purchased by the Company, nor
are any capital payments to be
made thereon to any of the stock
holders, each common stockholder
to receive one % share of com
mon stock. par value Twenty Dol
lars ($20.00) each, in lieu of one
~ share of common stock, par
value One Hundred Dollars ($10o.-
00) each, heretofore held by said
common stockholders, and the
capital stock account upon the
books Of the Company to be re-
duced accordingly, the newly au-
thorized preferred stock to be used
either in payment of creditors or
to secure new capital for the
Company.
SECOND: The assets of the cor
poration remaining after such re-
duction are sufficient to pay any
debts Of the corporation the pay